Payments fintech Airwallex has acquired a US billing platform for an undisclosed sum as it looks to expand its product offering to take on the likes of Stripe Billing and Recurly. The terms of the deal to add San Francisco-based OpenPay – not to be confused with the failed former ASX-listed BNPL of the same… Read more »
Melbourne scaleup CyberCX is potentially a unicorn following plans by professional services giant Accenture to acquire the six-year-old cybersecurity platform in a $1 billion-plus deal. CyberCX was founded in 2019 by former Optus Business boss John Paitaridis and Alastair MacGibbon, the former Australian government cyber security tsar. It was created from the merger of a dozen smaller… Read more »
New York online health multinational Teladoc Health (NYSE: TDOC) has acquired Victorian healthtech startup Telecare, in the first exit for LaunchVic’s Alice Anderson Fund. The deal closed last Friday, August 8, with the terms undisclosed, but Teladoc Health said it’s expected to be immaterial to its 2025 financial results. Telecare developed Australia’s leading virtual care… Read more »
Edtech platform Year13, which helps school leavers with the transition to work, has acquired veteran student discounts and support platform Student Edge. The terms of the deal were not disclosed. The deal for Year13, which coincidentally is 13-years-old, comes as cofounder and CEO Will Stubley prepared to relocate across the Pacific and join cofounder Saxon… Read more »
Sydney short-term rental management platform MadeComfy has been acquired Oyo, the travel business rival founded by 31-year-old Indian billionaire Ritesh Agarwal. The deal gives Oyo access to the Australian and New Zealand markets, which it sees as high-yield. It already operates in more than 35 countries, managing nearly 233,000 properties and is backed by SoftBank,… Read more »
Two leading Australian business publishers are joining forces to expand their coverage of startups and the SME sectors. Melbourne-based Private Media, publisher of SmartCompany, has acquired the assets of Sydney-based Pinstripe Media, which includes 4 media brands – Startup Daily, Business Builders, Flying Solo, and consumer finance focussed Your Money & Your Life – as… Read more »
Mable – think Airtasker for aged care and disability support workers – is hoping to become a unicorn 11 years after its founding if it find a buyer willing to pay $1 billion. The Australian’s DataRoom reports that the gig economy platform has put up the For Sale sign with a 10-figure price tag, even… Read more »
New Zealand small business tech developer Black Pearl Group (NZX: BPG) will dual list on the ASX in the coming months as it looks to expand its Australian presence. Blackpearl founder and CEO Nick Lissette, who recently told Startup 360 that the company was exploring an Australian listing, today confirmed the company preparing to file… Read more »
Two deep tech companies created from research at national science agency CSIRO have merged after raising $11 million. MagnaTerra Technologies is the result of combining mining innovator NextOre and explosives detection startup MRead. Together they have more than two decades of sovereign innovation in Magnetic Resonance (MR) sensing, a rapid, accurate, and safe detection technology developed… Read more »
An eight-year-old investing podcast created by two former ANU students and backed by the likes of Stake’s Matt Leibowitz and Zip’s Larry Diamond has been acquired by BetaShares in a deal worth $8.5 million. Equity Mates was founded by Bryce Leske and Alec Renehan in 2017 and has produced more than a dozen different podcasts… Read more »
VCs might be used to cold calls from startups seeking cash, but as takeover offers go, the WhatsApp MagicBrief cofounder George Howes received from Canva’s billionaire cofounder Cliff Obrecht was unexpected. Howes was at Sydney airport last month ready to move to the UK and launch his advertising tech platform there when the request to meet… Read more »
ASX-listed logistics software giant WiseTech Global is betting more than 10% of the company’s current value on buying NYSE-listed US rival E2open for $2.1 billion (A$3.2bn). WiseTech shares rose 4.7% today to close at A$104.75 on the news. The 25-year-old Texas cloud-based SaaS platform reportedly connects more than 500,000 manufacturing, logistics, channel, and distribution partners… Read more »
Two rivals in construction safety software are merging, with five-year-old Sydney startup 1Breadcrumb acquiring 12-year-old Canberra platform SignOnSite. The terms of the cash and equity deal were undisclosed but it comes along with a $4.5 million SAFE note backed by Five V Capital and Tribe Global Ventures as well as a US-based family office. Five… Read more »
ASX-listed startup accelerator and investor Scalare Partners (ASX: SCP) has made its third acquisition, snapping up VC matching marketplace Inhouse Ventures in a deal worth up to $1.73 million. Scalare initially invested in the marketplace in November 2023, taking a 20.7% stake. Venture studio Shadowboxer also backed Inhouse, which was founded by CEO Elliot Spiegel in… Read more »
A Sydney call centre startup is being acquired by US global services platform Zendesk for a reported $100 million. The deal for Local Measure comes 14 years after it was founded by CEO Jonathan Barouch. Zendesk CEO Tom Eggemeier said the acquisition accelerates his company’s expansion into larger, more complex service environments, enhances its AI… Read more »
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