In today’s business landscape, where the rate of disruption is accelerating and the fickle nature of consumer preferences leaves little room for error, the success of a startup hinges on the founders’ ability to weather the storm. Resilience, the capacity to absorb unexpected setbacks and adapt to new challenges, is a crucial quality for entrepreneurs… Read more »
Women-led startups and others tackling climate and sustainability-related issues are emerging trends Australia’s impact startup ecosystem, a new report from VC Giant Leap reveals. A snippet above a quarter (26%) of the impact opportunities reviewed by Giant Leap come from women-led ventures, a touch above the 23% average in the broader ecosystem. Meanwhile, a majority… Read more »
A healthcare startup that simulates real life patient conversations to help doctors and nurses communicate better has raised $1.5 million in Seed funding. The round in SimConverse was led by Folklore Ventures, with support from Artesian. SimConverse was founded by Aiden Roberts and Will Pamment after they met at uni, studying medicine. They has set out… Read more »
Every chance it gets, OneVentures touts its credentials as “Australia’s first female-founded VC firm” with cofounder Dr Michelle Deaker as its public face. She’s one of two female founders, alongside Anne-Marie Birkill and Paul Kelly. Last year the business added Sarah Meibusch to the leadership team as Partner. But the faces the Sydney VC chose… Read more »
The natural flow of time in venture is towards the ‘transactional’. Without a deliberate other process, days become 30-minute zoom window slices. These become a terrible blow to big thinking because they gobble up the available time but also because: The default is ‘out’ rather than ‘in’. ‘No’ is easier than ‘yes’. Assessing/judging someone else… Read more »
Early-stage venture capital firm Investible has named Asia-Pacific investment expert Charlie Ill as the group’s first Chief Investment Officer as the fund ramps up its global presence. The Sydney-headquartered VC, which also has an office in Singapore, has also promoted Jayden Basha to principal and Ben Lindsay to investment manager. Ill has been charged with… Read more »
When we tell the community our mandate is to support B2B tech companies scaling up into the UK and US, we know this is a mouthful and sounds like an oddly specific mandate. The comment we hear most from founders is, “we reached out to you because you help founders expand into the UK and… Read more »
After three long years, evokeAG finally returned, bringing the Australian agri-food tech industry together. We loved meeting and reconnecting with friends and collaborators over the past few engaging, thought-provoking, and exhausting (in the best way possible) days. evokeAG also provided an opportunity to reflect on what we, as an industry, have collectively achieved so far,… Read more »
Australia’s biggest venture capital fund, Blackbird Ventures, is the favourite among startup founders according to a new ranking charting how “founder friendly” VCs are. Like the Hottest 100, Eurovision and GOAT rankings in every sport, the list is bound to spark controversy for the notable absences of some leading names in the top 25, while… Read more »
At Main Sequence, we back early-stage founders who are creating the future with cutting-edge science & frontier technologies. But beyond having a focus on deep tech, there are a range of capabilities that set us apart when compared to generalist investors. Here are a few unique things that deep tech investors can bring to the… Read more »
A new $40 million venture capital fund has recruited former Salesforce Ventures boss Mike Ferrari as managing director as it looks to back early-stage startups developing sovereign capabilities. Salus Ventures is the first dedicated early-stage Australian fund to invest in founders developing cutting-edge tech for commercial and government markets. It will back from Seed to… Read more »
Venture capital fund Blackbird has appointed three new general partners from within its own ranks Moving from principal to partner are Michael Tolo and Tom Humphrey in Australia, as well as Phoebe Harrop in New Zealand. It’s just the second time in the 11 years since Rick Baker and Niki Scevak founded Blackbird that the VC has… Read more »
Venture capital firm Antler Australia has thrown down the gauntlet on the worth of early-stage startups, upping its investment levels and the post-money valuations for companies it backs. Under new terms announced today, Antler will increase its initial investment by $35,000 to A$225,000 for the same 12% equity stake. The new deal increases the post-money… Read more »
Amid a plethora of analysis of Australian venture capital funding in recent weeks, one report truly stands out because it captures the numbers by talking to the venture capital investors involved. The recently released 2nd edition of The State Of Australian Startup Funding report, from Cut Through Venture and Folklore Ventures, reveal a record number… Read more »
As we embark on another year in the world of startups, it’s important to acknowledge the challenges that tech founders will face in 2023. This year, top performing startups will have an easier time raising capital than average performing ones. Startups that have extended their runway by making cuts must ensure that they have strong… Read more »
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