Melbourne e-commerce platform Local Threads has raised $500,000 in pre-seed funding The round was led by Dr Qin Ding, co-founder of EMQ, a data cloud warehousing platform, with support from angel investors Alex Yin, founder of fashion brand, UOOYAA, and Eric Liam. Cofounders Adam Baodunnov, and Chris Young are hoping to empower Local Threads users… Read more »
Sydney-based Floatspace, the ‘Airbnb for boat experiences’, has signed on Amaysin co-founder Rolf Hansen as an investor as the startup looks to raise $3 million in a Series A round. Hansen backed that boat and yacht rental marketplace’s pre-series A SAFE note, joining the Floatspace board. He joins Airtasker founder and CEO Tim Fung as… Read more »
A temporary staffing marketplace that’s like Airtasker for casual jobs has raised $20 million from SEEK Investments. Nine-year-old Sidekicker, which operates in Australia and New Zealand, has more than 12,000 casual workers on its platform, which is used by more than 5,000 businesses. The funding will be used to accelerate further expansion across ANZ, and… Read more »
US venture capital giant has once again backed online used car platform, Carma in a US$52 million (A$75m) Series A round. General Catalyst Partners led the round. MD Adam Valkin will join the Carma board. The US VC’s other local investments include Canva, BigCommerce and Buildkite Other international venture investors joining the round include Entrée Capital… Read more »
Melbourne startup Directo has raised $2.3 million in Seed funding for its B2B marketplace for the pharmacy sector. The round was led by Sydney seed VC Investible to scale its networked two-sided online marketplace, which offers B2C-like price transparency, immediacy and convenience while streamlining logistics and invoicing. Founder Gavin Upiter said Directo’s proprietary enterprise technology platform… Read more »
Building marketplace ArchiPro has raised $32.6 million in a Series A. The round led by New York-based Tiger Global, with support from Icehouse Ventures, and Queenstown-based Liger Trading. The business previously raised $4.7 million in 2021 from Kogan.com founder Ruslan Kogan and Catch.com’s Hezi Leibovich. The new funds will be used to accelerate ArchiPro’s local… Read more »
In the B2B sales world, growth is usually a function of connections, capital and crew. For emerging brands, these resources are often in short supply. For this reason, brands are limited in their ability to increase revenue in a short period, and retailers need to constantly find new stock for their customers to keep them… Read more »
Move over Banksy. While the anonymous UK street artist is grabbing headlines today after his semi-destroyed artwork, Love is in the Bin, sold for $34 million a Sydney sneaker marketplace has raised $1.2 million in a pre-seed round. PUSHAS was founded in 2017 by Justin Truong and Sandy Li and offers a secondary market for… Read more »
Foodbomb, a produce wholesale marketplace for the hospitality sector, has raised A$4.5 million in a series A The round was backed by EVP, Athletic Ventures, Aura Ventures, Tony Gandel’s family investment vehicle, Tahmedia, and Platform Advisory Partners. It’s EVP’s third investment in the business since 2019. The raise will enable the four-year-old startup to expand… Read more »
A year-old online car financing marketplace has raised a $3 million seed round led by Carthona Capital. Driva, which launched in early 2020, hopes to take on comparison sites such as Finder and Canstar, offering car buyers lending options from more than 30 auto financers. The fresh round of investors includes Stephen Das, founder of… Read more »
Gold Coast entrepreneur Sharine Duran wants to connect shoppers to those hard-to-find funky brands with her startup Adzurra, an app-based marketplace allowing users to shop from global boutiques.
Cofounded by Richard Tubb and Yvonne Lee, HazTime connects users to influencers and others they might like to meet and learn from.
Aiming to connect fans to their heroes in sports or entertainment for experiences that money can buy is Sydney-based startup Fan+
Melbourne tech company Envato is further expanding its design offering, acquiring Mexican startup Placeit for an undisclosed amount.
Martin Hosking, CEO of ASX-listed creative marketplace Redbubble, has announced his retirement, with the company’s chief operating officer, Barry Newstead set to take his place. Hosking, who cofounded the company with two friends in 2006 and has served as its CEO since 2010, will step down in August and move into the role of non-executive… Read more »
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