Brisbane solar energy startup Redback Technologies has today announced a strategic investment of $9.3 million into the company from Energy Australia.
New startup Spaceship is set to launch its mobile-only superannuation fund after receiving $1.6 million in funding led by Atlassian cofounder Mike Cannon-Brookes. The startup has a particular focus on enabling people to invest their super into technology-driven startups and companies.
A few months after announcing its intention to raise $5 million in fresh funding, social media influencer startup Tribe has officially closed its Series A, raising $5.35 million in a round led by Exto Partners.
Sydney fintech startup Stockspot has become the first robo-advice platform in Australia to integrate AI and machine learning functions into financial advice. The company has today announced the launch of its new digital financial assistant to help clients optimise their investment behaviour.
Sydney startup ezyCollect, which helps businesses with their debt collection through an automated platform, has raised $1.25 million in a funding round led by Tank Stream Ventures.
Fashiontech startup Mon Purse, which allows customers to design their own handbags, has raised $3.1 million in a Series A round.
Fairfax Media’s Domain Group has acquired a 35 percent stake in Oneflare, an online marketplace for local services providers, for $15 million, valuing the startup at around $43 million.
Fintech startup The Empire Club is an invitation only-fund management and lifestyle company that provides members with privilege offerings tailored to their interests.
Melbourne startup Wealth Fury is trying to design smart investment opportunities for the large millennial demographic. The platform is specifically designed at young investors by building risk management tools to show people what to invest in.
Melbourne startup Plattar, a cloud-based platform that allows users to create, manage, and distribute augmented reality (AR) content, has raised $1.1 million in a seed funding round led by News Corp Australia, with participation from existing investors.
Melbourne-based startup Beanhunter, which allows users to review cafés and cups of coffee around the world, has announced the closing of a $500,000 funding round.
The Slingshot Venture Fund has been awarded unconditional Early–Stage Venture Capital Limited Partnership (ESVCLP) status by the Federal Government, which will see it exempt from the standard income and capital gains taxes for investors.
Although there were varying opinions on the open-sourced legal document templates created by Australian VCs, most lawyers agreed that the terms presented in the templates are more appealing to investors than startup founders, and that startup founders should seek legal advice and negotiate important amendments.
Melbourne-based online art marketplace Redbubble has raised $15.5 million in its latest capital raise, with the company looking to use the funds to push its international expansion.
Australian founders have long expressed a longing for an investment environment that supports startups throughout the entirety of their lifecycle. Seed capital and Series A funds are now easier to raise compared to five years ago, however only a small percentage of startups make it to Series A.
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