Advice
What startups should ask themselves before going out to raise funding
Far too many startups approach their fundraising round in panic mode. They’re not ready, their businesses are not ready, and they don’t know what they need.
Topic
Social network for parents Tinybeans lists on the ASX
Sydney-founded startup Tinybeans, the social platform allowing parents to share snaps of their growing children with a close network of people actually interested in seeing them, has today listed on the ASX, seeing to raise $6 million to pursue growth.
Topic
Qwilr sets sights on global expansion as it closes $1.5 million round from VC firm Point Nine
Qwilr announced today that it has raised $1.5 million from German VC firm Point Nine. The deal marks the firm’s first investment into an Australian company.
Topic
Space startup Fleet raises $5 million Series A to build network of nanosatellites
South Australian space startup Fleet has raised $5 million in a Series A round led by Blackbird Ventures, with participation from Earth Space Robotics, Silicon Valley firm Horizon Partners, and Atlassian’s Mike Cannon-Brookes.
Topic
On-demand insurance startup Trov raises US$45 million with participation from Suncorp Group
California-based on-demand insurance startup Trov has raised US$45 million ($59.44 million) in a Series D round led by Munich Re / HSB Ventures, with participation from all its Series C investors, including Australia’s Suncorp Group.
Other
Agtech startup The Yield raises $6.5 million Series A round
The Yield is developing Internet of Things (IoT) solutions in conjunction with food growers to help improve customer yields and decision making on-farm, combining sensors and other hardware with a data analytics platform.
Topic
Nitro raises US$15 million Series C round led by Battery Ventures
Melbourne-founded document productivity startup Nitro has raised US$15 million in a Series C round led by existing backer Battery Ventures.
Topic
Edutech startup 1Scope raises $1 million from property developer Aqualand’s new Capital division
Social enterprise edutech startup 1Scope has announced it has raised $1 million in funding from Chinese-backed property developer Aqualand, which has launched Aqualand Capital to expand its own business interests.
Topic
NAB Ventures leads US$24 million Series B round for US forex startup Veem
National Australia Bank has led a US$24 million Series B round (approximately $31 million) in San Francisco-based foreign exchange payments company Veem through its VC fund, NAB Ventures.
Other
We need to talk about startup lust
It seems like, to be a founder in 2017, you not only need a unicorn-worthy idea, but a personal brand that heralds you as something of an entrepreneurial demigod.
Advice
Why every startup needs a data room ready before fundraising
There is one thing that most efficient and enjoyable deals have in common: a well-structured data room that has been prepared in advance of fundraising meetings.
Advice
Wellington startup Postr allows telcos to give mobile customers extra data in exchange for lock screen ads
Postr provides a platform for mobile network operators to show customers personalised deals and offers on their lock screens in exchange for a certain amount of free mobile data or extra credit.
Topic
Sydney staff management platform Deputy raises US$25 million from OpenView Venture Partners
Staff management startup Deputy has raised US$25 million ($33 million) in funding from Boston-based venture capital firm OpenView.
Partner Content
Pause 2017 will reveal the keys to a successful capital raise in Australia
For Mentorloop’s founders, the decision to seek funding came when they saw their first three paying clients were still with them six months later.
Topic
Australian startups to see further corporate involvement and growing international investment in 2017
It is fair to say that 2016 has been the biggest year yet for the Australian startup community – but there is a lot to come in 2017.
