WiseTech Global director and cofounder Maree Isaacs has sold her 8.17% stake in RealWise Holdings, the company that owns more than a third of ASX-listed logistics company (ASX: WTC), to the man she launched the business with 30 years ago, Richard White. White already owns the other 92% of RealWise Holdings, meaning he now owns… Read more »
Startup investor, advisor and accelerator Scalare Partners made its ASX debut today, finishing the day as it began at $0.25 cents a share. The business (ASX: SCP) went public via a reverse takeover of former confectionary maker Candy Club, after banking $4.301 million of an $8 million share offer $0.25 cents a share. The raise… Read more »
Startup advisory and investment business Scalare Partners has raised just over half the $8 million it was hoping to raise as part of a backdoor listing on the ASX. The public offer raised $4.301 million at $0.25 cents a share issuing 17.2044 million fully paid ordinary shares in its reverse takeover of former confectionary maker… Read more »
WiseTech Global’s billionaire former CEO Richard White may be on leave from the company he founded 30 years ago, but he’s keeping busy on the business front, increasing his stake in ASX-listed Vinyl Group via a deal involving another one of his investments, the music licensing startup Songtradr. White stepped down as WiseTech’s boss last… Read more »
Multi-billionaire Richard White’s early career was famously rock n roll as a guitar technician for AC/DC, but over the past month his life story has become more Shakespearean, with a sprinkling of Streisand effect, that’s taken the WiseTech Global founder from the business section to front pages amid lurid details of his personal life. It… Read more »
ASX-listed venture fund Bailador is having a busy week investing, ploughing an additional $5 million into financial advice software and investment platform Dash Technology Group to fund its acquisition plans. Alongside the $5m equity investment, Bailador is also stumping up $5m in a repayable debt facility for Dash to acquire Integrated Portfolio Solutions (IPS), a… Read more »
ASX-listed venture capital fund Bailador Technology Investments Limited (ASX:BTI) has increased its stake in people management software platform Rosterfy, investing an additional $3 million. Rosterfy provides volunteer and workforce management software to not-for-profit (NFP) organisations, government volunteering bodies and mass-scale events.The SaaS platform allows organisations to recruit, screen, train, and schedule their volunteers better engage… Read more »
Vinyl Group’s (ASX: VNL) ongoing acquisitions appetite has added former Sydney startup Serenade to its stable in a conditional deal that represents a major haircut for investors in the NFT music marketplace. Serenade founder and CEO Max Shand will become a Vinyl Group employee, in charge of meeting a range of sales targets in the… Read more »
Startup advisory and investment business Scalare Partners is back in the hunt for $8 million to list on the ASX, after the Australian Securities and Investment Commission (ASIC) lifted its interim stop orders on the prospectus for a reverse takeover of confectionery maker Candy Club Holdings (ASX: CLB). Last week the corporate regulator intervened today… Read more »
The Australian Securities and Investment Commission (ASIC) has intervened on plans for a back door ASX listing by tech accelerator and investor Scalare Partners, concerned that the proposal doesn’t comply with disclosure laws. Scalare announced back in May that it would go public in a reverse takeover of confectionery maker Candy Club Holdings (ASX: CLB).… Read more »
ASX-listed conversation insights platform Dubber (ASX:DUB) is hoping to put a horror six months behind it with the appointment of a new CEO, Matthew Bellizia, replacing former boss Steve McGovern, who was sacked in April amid an ongoing investigation into $26.6 million in missing company funds. Bellizia takes the helm today, having spent 21 years… Read more »
Shares in logistics software company WiseTech Global are on a fresh tear today, setting new records following the company’s FY2024 annual results on Wednesday. Founder and CEO Richard White is already a billionaire thanks to the success of Sydney-based WiseTech, which the former AC/DC guitar technician launched in 1994 by writing code for Australian freight… Read more »
Shant Kradjian, the owner of consumer electronics retailer digiDirect, has acquired the assets of failed ASX-listed Booktopia in a deal that will bring the online bookseller back online and out of administration. The sale price, which has not been disclosed, will not see a return to shareholders. Booktopia racked up debts of around $60 million,… Read more »
A Sydney software platform managing memberships for the world’s leader fitness brands has raised $17.3 million in a Series A from OIF Ventures and Bailador. Hapana’s platform, a white label CRM solution for membership payments, retention and loyalty, is used by fitness brands such as BFT, KX Pilates, UFC Gym and F45 across 17 countries.… Read more »
ASX-listed defence tech scaleup DroneShield has made hay while its shares shine, raising $120 million from institutional and sophisticated investors at $1.15 a share. Shares in the Sydney-headquartered US tech business (ASX: DRO) have been on tear over the last seven months, climbing from $0.31 cents in mid-December 2023, the $1 April and then a… Read more »
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