Batch Brewing Co, from Sydney’s Inner West, has raised $1.5 million in an equity crowdfunding raise through Equitise just a day after the campaign went public. With a day of the two-thirds of the funds already pledged on the day the campaign opened, it closed fully subscribed just after lunch on Good Friday. The raise… Read more »
As the Royal Australian Air Force (RAAF) celebrated 100 years with a spectacular and well-attended flyover in Canberra last week, many eyes were lifted to the skies. But RAAF’s ambitions go even higher, as its motto “through adversity, to the stars” hints. The Chief of Air Force, Air Marshall Mel Hupfeld, announced the intention to… Read more »
The stellar rise on buy-now-pay-later fintechs on the ASX appears to have halted, with market leaders such as Afterpay falling briefly below $100 a share in trading today amid a three-month low for BNPL stocks. Afterpay (ASX: APT) ended the day up slightly at $101.50, but remains a long way off its mid-February high of… Read more »
Nine companies have been selected for a place in the Venture Catalyst Space program to help them grow into space industry leaders. The Venture Catalyst Space program is part of the University of South Australia’s Innovation and Collaboration Centre (ICC), the first of its kind in Australia and a leader in space innovation and business… Read more »
Anthony Albanese will promise a Labor government would deliver a discount to cut the cost of electric cars and install community batteries, in modest initiatives costing $400 million over several years. The announcement, to be made Wednesday, comes as Labor debates its platform at a “virtual” national conference involving some 400 participants. At present only… Read more »
Sydney video startup Vloggi has raised a second tranche of $500,000 in a pre-seed capital raise – for a total to $750,000 – in a round that values the company at $3.3 million. The venture is now looking to a seed round of $1.5-2 million in July this year. Ten of Vloggi’s 15 founding investors… Read more »
The company behind pets marketplace Mad Paws listed on the ASX on Friday and its shares ended up 20% at $0.24 cents when the market closed, having jumped 54% in early trade. The IPO raised $12 million at 20 cents per share for a market cap of $42.9m at listing. The listing was more than… Read more »
Melbourne-based social media venture Linktree has tapped the market for more cash, just five months after its A$15 million series A, raising another US$45m (A$59m) in a Series B The round was co-led by European VC Index Ventures, and New York’s Coatue. AirTree Ventures and Insight Partners returned as investors with a Who’s Who of… Read more »
Rocket Lab launched satellites by two Australian companies and one for UNSW from its Launch Complex 1 in New Zealand this week. Internet of Things nanosatellites from Adelaide’s Fleet Space Technologies and and Myriota were among several payloads on the Electron booster rocket as part of a mission titled “They Go Up So Fast”, which… Read more »
Shares in casual jobs marketplace Airtasker have soared once again on the second day of trade since listing to close up 67% at $1.75 on Wednesday. Airtasker (ASX:ART) shares peaked at $1.94 briefly today having floated on Tuesday at an IPO price of $0.65. The gained more that 60% on the opening day of trade… Read more »
Melbourne fintech Airwallex has topped up its Series D round by 50%, raising an extra US$100 million (A$130m) for a total of US$300m. The raise gives the privately owned business a new valuation of US$2.6 billion. The company is hoping to generate $100 million in revenue this year. Airwallex says the funds will be used… Read more »
Casual jobs marketplace Airtasker made its debut on the ASX today, with the company’s shares rising 62% from their IPO price of $0.65 cents to close Tuesday at $1.05. Airtasker (ASX:ART) shares jumped nearly 80% in initial trade to be as high as $1.16, before settling around $1 in lunchtime trade. The jump was good… Read more »
SecondQuarter Ventures , a venture capital secondary fund, has closed a $51 million round and announced stakes in two more startups. A secondary fund offers a potential exit and liquidity to investors and other shareholders, such as founders, prior to the venture going public or its sale. Secondary venture funds are well established in the… Read more »
Casual jobs marketplace Airtasker has been forced to delay today’s debut on the ASX by 24 hours following a stuff up in processing the paperwork by the exchange. The embarrassing mistake by the ASX means the listing of Airtasker (ASX: ART) will now take place at 11am Tuesday, March 23, rather than Monday. The ASX… Read more »
Entries for Fintech Australia’s annual Finnie Awards are closing in less than two weeks on March 30. There are now 20 categories in total, including the Excellence in Open Data award, for how companies are managing and controlling their data, and a Hall of Fame award to commemorate a company that has made a lasting… Read more »
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