A survey of Australian game developers found the industry generated $118.5 million in the 2016-17 financial year, up from $114.9 million the previous year, with 75 percent of studios surveyed projecting future growth.
Venture capital investment into Australian startups grew 1.4 percent in 2017 to hit US$555.63 million ($698 million), though the number of deals fell from 185 in 2016 to 135.
Dunedin startup CodeLingo has raised NZ$540,000 ($494,000) in seed funding from Australian venture capital firms Right Click Capital and Reinventure.
Melbourne-founded digital greeting card startup Cardly has raised $230,000 in a seed funding round led by QUT Creative Enterprise Australia (CEA).
Looking at sportstech startups that have received funding since 2015 and where they have come from, NSW ranks highest for the most activity.
Canva has hit unicorn status, raising US$40 million from Blackbird Ventures, Felicis Ventures and Sequoia China, to reach a valuation of US$1 billion.
Rideshare vehicle rental startup Splend has raised $7.2 million in funding, handing over a 12.5 percent stake to Toronto Stock Exchange-listed company Element Fleet Management.
FluroSat has raised $1.5 million from the CSIRO’s Main Sequence Ventures, AirTree Ventures, and a group of strategic investors in the agricultural space led by Cotton Research and Development Corporation (CRDC) to help further develop its technology.
Airwallex has secured a further US$6 million ($8.73 million) in follow-on Series A funding from local VC firm Square Peg Capital.
In reality, traction is not everything. In fact, especially to an investor, your history of growth is equally important and can even make or break a prospective investment deal.
With the Innovation portfolio, Kate Jones will join a four-person economic team of senior Ministers tasked with driving jobs growth across the state.
Auckland-based SaaS platform Thematic today announced it has raised US$1.22 million in seed funding to continue its international growth.
MoneyMe has raised a $120 million asset-backed securitisation facility, while business-focused lender Waddle has raised $50 million in debt funding.
Mentorloop has raised $725,000 in funding from venture capital firms Blackbird Ventures, Rampersand, and Tempus Partners, and a number of angel investors.
Having raised $2.3 million from investors including existing backers Caltex and Investible, car sharing startup Car Next Door is opening up the rest of its Series B round to users, taking to crowdfunding platform Equitise to raise a minimum of $500,000.
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