Rupert Murdoch’s News Corp and REA Group are among several high profile investors backing a $3 million Series A round by fragmented property platform Bricklet, valuing the startup at $28 million after just 18 months. Original investors Lakeba, Mirvac Group (ASX: MGR), Stockland (ASX: SGP) and Mihubb also joined the round, along with property investment… Read more »
The world’s richest man, Elon Musk and his charitable arm, the Musk Foundation, is backing a US$100 million (A$130m) prize to deal with carbon removal to tackle climate change. Non-profit XPRIZE, which is running a range of cash prize competitions to tackle global challenges, is launching the $100 million XPRIZE Carbon Removal, a four-year global… Read more »
The Victorian government’s startup agency, LaunchVic, is on the hunt for investors to join it in a new angel network to back what it says is the state’s largest startup sector: healthtech. The plan follows through on the 2019 Angel Network report by Professor Josh Lerner, which recommended that LaunchVic establish sector specific angel networks… Read more »
A $3.6 million funds transfer by Cann Group to an overseas contractor building the medicinal cannabis company’s Mildura factory has been stolen in what’s been described as a “complex and sophisticated cyber fraud” by an unknown hacker. The company (ASX: CAN) reported the breach to the market this morning, saying it “experienced a cyber security… Read more »
The Morrison government on Friday released a plan to reduce carbon emissions from Australia’s road transport sector. Controversially, it ruled out consumer incentives to encourage electric vehicle uptake. The disappointing document is not the electric vehicle jump-start the country sorely needs. In contrast, the United States has recently gone all-in on electric vehicles. Like leaders… Read more »
ASX-listed real estate company REA Group – best known for realestate.com.au – is spending $13.3 million on a 27% stake in Campaign Agent, a buy now pay later solution for vendor-paid advertising. The strategic stake in the Melbourne-based fintech was announced during REA Group’s (ASX: REA) half-yearly results today. CampaignAgent offers a BNPL solution to… Read more »
An Adelaide-based startup that began sending miniature wine samples direct to potential wine customers in China in 2018 has opened a production facility in South Australia and expanded into the education, trade and event sectors. The onset of COVID-19 and the inability to hold in-person tastings has fast-tracked the Trust in Taste business, which is… Read more »
One of the most difficult problems in finance right now is figuring out the fundamental economic value of cryptocurrencies. And the past week has complicated this further. For many cryptocurrency investors, the value of Bitcoin is based on the fact it is artificially scarce. A hard cap on “minting” new coins means there will only… Read more »
Real estate technology investor Taronga Ventures has singled out 10 ‘realtech’ startups for its second RealTechX innovation program. RealTechX launched last year to support emerging technology startups in the real estate sector and broader built environment and has already attracted more than 300 applications from 25 countries hoping to take part in the program. This… Read more »
Over the past few weeks, Google and Facebook have engaged in desperate attempts to avoid regulation under the Australian government’s proposed mandatory news media bargaining code. Facebook chief executive Mark Zuckerberg even appealed to Treasurer Josh Frydenberg and Communications Minister Paul Fletcher personally last week, hoping to shift the government’s hard stance. Both platforms’ strategies… Read more »
A growing hunger for home-cooked meal delivery has led one of the founding members of Afterpay, David Hancock, to lead a $500,000 raise into a former chef’s meal delivery service on Sydney’s northern beaches. FoodSt is an online marketplace for home-cooked meals, founded by Lorraine Gnanadickam and her husband, Sanjay. The business has sold more… Read more »
The endorsement of tech billionaire Bevan Slattery’s name on a share register has worked its magic with investors once again, with ASX-listed rent.com.au seeing its shares up more than 200% after he took a strategic investment at $0.05 cents a share in the company’s raise of $2.75 million. In lunchtime trade on Tuesday Rent (ASX:RNT)… Read more »
Brisbane-based digital diagnostics startup Ellume Health has signed US$231.8 million (AU$305m) deal with the US Department of Defense to build a US factory producing up to 19 million of its rapid Covid-19 home testing kits in a major expansion for the business. Under the agreement with the new Biden administration, supported by the US Department… Read more »
A new fintech app for millennials to manage household bills has raised $250,000 in pre-seed funding in its first few weeks of existence and has now turned to crowdfunding seeking another $800,000. noobill is the brainchild of George Wang, who previously spent three years as CEO of the Australian arm of Chinese ecommerce retailer GOME… Read more »
Micro-X has received funding commitments of $30.5 million to help expand its US footprint and fast-track new lightweight x-ray products. The publicly-listed company announced to the Australian Securities Exchange (ASX: MX1) this morning it had received funding commitments totalling $30.5 million for new fully paid shares at 34 cents each. It is also proposing to… Read more »
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