Melbourne FinTech startup Clover, an automated investment advice platform, has announced the raising of a seed funding round by a number of investors including superannuation fund Equipsuper. Though the startup wasn’t willing to reveal the exact amount, Startup Daily was able to confirm that Clover raised over $1 million.
As the saying goes, in order to succeed you first need to fail. That was certainly the case for Nick Bell, who spent three years on a skincare business that never quite took off before launching a web marketing company that now turns over $45 million a year.
It seems the co-founders are actually focusing on the more interesting side of alcohol delivery startup Liquorun: its logistics management platform. The software platform is now an entity of its own called Swift, which is growing fast and has customers from all over the world.
Most people stopped using the Yellow Pages to find a tradesman a decade ago. Since then, the number of websites looking to help consumers connect with the right plumber or electrician has grown exponentially, but the battle is now on between apps looking to corner the tradie market. Despite the competition, Melbourne startup Mr Tradie believes it has the tools to do it.
Caroline Woodhouse’s transition from office manager at a dead-end chiropractic clinic to tech entrepreneur has been rockier than anticipated. Like many non-technical founders, she decided to outsource the development of Where4Events, an event aggregation app, only to end up in a messy court battle, costing her $500,000.
This year seems to be the year of the self storage startup. First we got Melbourne’s Boxly, then came – and went – Rocket Internet’s SpaceWays, and Boxbird. Now Melbourne startup Spacelli wants to take a stab at the market.
Melbourne-based Daily Jocks is the perfect example of how using content based marketing to build an audience can end up creating a highly scalable and financially successful internet business.
One of the most innovative wearable tech product to reach Australia is Hexoskin. Although founded in North America, Melbourne-based entrepreneurs Dean Delia and Mark Milanese have been able to secure the rights to distribute Hexoskin’s products across the Asia Pacific region.
Following its foray into the Australian market two months ago, Rocket Internet’s self storage startup SpaceWays now has a competitor, with Melbourne-based startup Boxly launching today.
Interestingly, a lot of the sales for Frank Body come from Instagram, which is by far the business’ most successful social media channel. And the business announced this week that revenue this financial year will most likely exceed the $20 million mark – making it one of the fastest ecommerce starters in the country.
A new Melbourne startup Kini Swimwear claims to be on a mission “to change the way women see their bodies in swimwear, one bikini at a time”. How? By allowing women to design their own swimwear “to perfectly match their body shape” via Kini Swimwear’s online store.
The company’s first proposition Crossy Road was downloaded 2.5 million times in less than a week, dominating the Family category charts and claiming the number one position on the iPad App Store in Australia, US, UK, Canada, France, Italy, Switzerland, Russia, South Korea and the Netherlands.
Wijeyeratne and Sinnappan claim that Sleeping Duck has generated more than $1 million in revenue since January 2014 by selling 1,000 mattress via sleepingduck.com.au. This is an outstanding number for any startup – almost too good to be true.
Rewardle raised $4 million through an oversubscribed Initial Public Offering; and at closing price, trades with a market capitalisation of more than $30 million.
We’ve seen a number of startups emerge in our ecosystem that focus on coupons, discount deals, rewards and vouchers – examples include Aston Club, BigDeal, Buzzingaa, Coupay, OzSale, Rewardle and Swoop. Each has its unique point-of-differentiation, but not all have maintained strong momentum. The latest to enter this highly competitive space is Melbourne-based startup Liven.
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