Buoyed by the sale of its stake in Employment Hero late last year and with more exits on the horizon, pioneering Sydney VC fund OneVentures says it will return around $100 million more to investors over the next eight months as it looks to raise a new $200 million fund. OneVentures founding partner Dr Michelle… Read more »
At Startmate we’re industry agnostic. We invest in people first. People with deep expertise and unique visions, working to solve some of the thorniest problems frustrating industries worldwide. The role we play is simple. Accelerate their progress – avoid pitfalls, leverage opportunities, prompt customer conversations, advise sales, and marketing – do everything in our power… Read more »
If the belief that having more women in venture capital will help address the chronic underfunding of female founders, then a new initiative backed by the Queensland Investment Corporation (QIC) will make the Sunshine State the room where it happens. Getting more women in Queensland’s VC industry is the aim of 77 Venture Fellows, which… Read more »
Donald Trump is not the problem. Sure, I cant believe I wrote that either. But here we are. Oh how I long to live in uninteresting times… I mean, not really. As a middle-aged, single woman, we have never had a more privileged position than we do today. Previous centuries can get in the trash.… Read more »
Venture capital funding for NSW startups began to decline in the first quarter of 2024 after swallowing two-thirds of all Australian investment in 2023, according to new data from funding analytics firm Techboard. Startup investment in the first quarter of 2024 had slowed with $761 million invested across 82 deals recorded over the first three… Read more »
Telstra’s appetite for venture capital (VC) investing is waning, and the telecommunications giant is looking to sell out of the $1.35 billion fund that no longer bears its name. Sydney and US-based Telstra Ventures has changed its name to Titanium Ventures, having been founded in 2011 and spun out of Telstra in 2018. Announcing the… Read more »
Specialist agtech venture capital firm Tenacious Ventures has attracted support from investors such as Tesla chair Robyn Denholm and RBA board member Carol Schwartz, securing $18 million in commitments for the first close of its second fund. Tenacious Ventures Fund II has a $50 million target and will maintain the existing focus on early stage… Read more »
The media depicts a depressing state, but is this painting an accurate picture? The 60 funds we surveyed (please let us know if we missed yours) 1835i, Black Sheep Capital, Folklore Ventures, Macdoch Ventures, Shearwater Capital, Tenacious Ventures, Airtree, Brandon Capital, Galileo Ventures, Main Sequence, Side Stage Ventures, Giant Leap, Marbruck Investments, Significant Early Venture… Read more »
As we draw into the second half of 2024, we are declaring the end of winter for startups, and enjoying the fresh green shoots of startup spring. While we are all hearing constantly about AI, there are many more areas of growth in the fintech world where we’re seeing warming interest from investors. Payments, digital… Read more »
The award-winning US documentary Show Her The Money, about venture funding for female founders, will have its Australian premiere later this month, with screenings in Sydney and Melbourne. The film is being presented by SheBacks.Me, a community organisation which has emerged out of SheEO to support Australian female founders and investors to close the gender… Read more »
At every conference, on every panel, year after year, the same tech leaders ponder the same question: Why don’t more women receive venture capital funding? The participants stroke their chins and furrow their brows. Perhaps, they muse, it’s due to societal gender norms that discourage women from pursuing entrepreneurship. Maybe there’s a lack of access… Read more »
I speak to hundreds of Australian founders every month from all backgrounds pursuing a wide range of businesses. However, there is one unifying view from them all: how hard it is to raise the necessary capital to scale and grow. There’s a counter-intuitive irony here; historically, the best venture returns have come from the vintages… Read more »
Sydney fintech Bridgit has raised $14.2 million in a Series A as the non-bank lender looks to offer bridging loans to homeowners moving house. The round was led by existing investor OIF. Bridgit, founded in 2021 as TechLend, previously raised $7.5 million two years ago in a round co-led by OIF Ventures and Perennial Partners.… Read more »
Australian disability tech accelerator Remarkable has ramped up its venture side, and is now looking to back startups in disability, ageing and health, from Seed to Series A. Remarkable is the startup venture arm of the Cerebral Palsy Alliance (CPA), founded in 2016 by Pete Horsley. Over the past 8 years Remarkable has helped 120… Read more »
The Queensland government is backing in specialist venture capital firm Pollination in a new fund for local climate and nature technology startups. Pollination’s Climate and Nature Impact Venture Fund has kicked off with the Queensland Investment Corporation (QIC) as cornerstone investor through the Queensland Venture Capital Development Fund (QVCDF). It’s been a busy week for… Read more »
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