ASX Archives

ASX

ASX-listed DroneShield is spending $13 million on R&D in Adelaide

Simon Thomsen - October 7, 2025 2 MIN READ

ASX-listed defence technology company DroneShield will spend $13 million developing a new R&D facility in Adelaide, South Australia. The investment covers three years of operational and capital expenditure. DroneShield sells protection against threats such as drones and autonomous systems as well as electronic warfare solutions and off-the-shelf counter-measures for terrestrial, maritime or airborne drone attacks,… Read more »

ASX

ANZ bank has killed off its venture arm, 1835i

Simon Thomsen - October 1, 2025 2 MIN READ

Embattled bank ANZ has shut down its venture capital arm, 1835i, just three weeks after cashing in its chips in Airwallex – US$44 million ($A67m) stake sold to the fintech’s founders and executives. The writing was on the wall for the business, which still had 10 companies in its portfolio, when ANZ, under new CEO… Read more »

Planet Startup co-founders Rhys Cupples and Marc Orchard

ASX

Scalare just bought Planet Startup for $600,000

Startup Daily - September 29, 2025 < 1 MIN READ

Scalare Partners has bought Planet Startup to lead its virtual CFO services arm, keeping founder Marc Orchard as CEO. It’s the firm’s fifth acquisition since 2023, alongside Tank Stream Labs, Inhouse Ventures, Tech Ready Women and the Australian Technologies Competition, as Scalare builds out end-to-end founder support.

ASX

Dom Pym’s fintech fund, Triple Bubble, pairs up with CommBank’s VC arm, x15ventures

Simon Thomsen - September 18, 2025 2 MIN READ

Fintech entrepreneur and investor Dom Pym and his fintech-focused venture fund Triple Bubble have forged a strategic partnership Commonwealth Bank’s venture-scaling arm x15ventures to support and scale Australia’s financial technology ecosystem. The partnership includes an investment, exploration of new fintech opportunities using x15’s bank-safe venture stack, and the development of a mutual mentorship and talent exchange program… Read more »

ASX

OIF Ventures takes CBA-backed Payble off ASX-listed Identitii’s hands for $1.6 million

Simon Thomsen - September 4, 2025 2 MIN READ

Financial crime prevention small cap Identitii (ASX:ID8) has sold its remaining stake in joint-venture fintech Payble to existing investor OIF Ventures for $1.6 million. Payble, founded in 2020 by CEO Elliott Donazzan, is a payments platform for local government payments using QR codes and now has 50 customers, including four New Zealand councils after launching… Read more »

ASX

Kogan.com posts $39.5 million loss after $46.3m write-down for Mighty Ape deal as board guard changes

Simon Thomsen - August 25, 2025 2 MIN READ

ASX-listed online retailer Kogan.com is back in the red following its write-down of New Zealand acquisition Mighty Ape. Shares in Kogan.com (ASX: KGN) were placed in a trading halt briefly on Monday morning ahead of the results release and news of board changes. The $46.3 million on-cash impairment to goodwill from its $122m Mighty Ape… Read more »

ASX

Nearly half of Xero’s shareholders vote ‘yeah, nah’ on CEO’s $25 million pay packet

Simon Thomsen - August 22, 2025 2 MIN READ

Fun fact: A Xero user on ASX-listed accountancy platform’s 2nd top tier of $100 a month would need to subscribe for nearly 21,000 years to cover the cost of CEO Sukhinder Singh Cassidy’s annual pay packet. Luckily, Xero (ASX:XRO) has more than one customer. As the company’s remuneration committee chair, Susan Peterson, outlined at the… Read more »

ASX

Kogan.com dumps $46.3 million in goodwill from its 2020 Mighty Ape acquisition

Simon Thomsen - August 20, 2025 < 1 MIN READ

ASX-listed Kogan.com has written off $46.3 million in goodwill from its $122 million acquisition of Kiwi online retailer Mighty Ape nearly five years ago. The announcement of the non-cash impairment comes ahead of next Monday’s FY25 results release. The value of goodwill associated with the acquisition was $46.3 million in June 2024. Mighty Ape’s focus… Read more »

ASX

ASX-listed VC Bailador had a pretty good 12 months, delivering a 7.8% return

Simon Thomsen - August 15, 2025 2 MIN READ

ASX-listed technology investor Bailador Technology Investments made a net profit after tax of $19.3 million, with two startups DASH and Updoc, leading the way The company (ASX:BTI) declared a final dividend declared of 3.6 cents per share fully-franked, for an annualised grossed-up yield of 8.1%. The portfolio return was 7.8% after all fees and tax.… Read more »

ASX

WiseTech Global has a new, cheaper, CEO who’s a long-time supporter of founder Richard White

Simon Thomsen - July 28, 2025 2 MIN READ

WiseTech Global (ASX:WTC) has named Zubin Appoo, a long-time collaborator with founder Richard White as the logistics software company’s new CEO. He takes over, effective immediately, from interim CEO Andrew Cartledge, WiseTech’s former CFO, who had to step into the role following the resignation of White last October amid claims of inappropriate workplace behaviour, which… Read more »

ASX

REA Group doubles down on 3D proptech, upping stake in IMMERSIV

Startup Daily - July 25, 2025 < 1 MIN READ

REA Group has doubled down on Brisbane proptech IMMERSIV, tipping in more cash to speed up its AI‑powered virtual‑tour platform as demand for immersive off‑the‑plan sales tools heats up.

ASX

Employment Hero’s founder is at war with another investor, launching legal action against Seek

Startup Daily - July 22, 2025 2 MIN READ

Unicorn HR platform Employment Hero has gone to the Federal Court, accusing jobs‑board giant Seek of anti‑competitive behaviour after it revoked API access used by thousands of employers. The startup wants an injunction before the cutoff on 25 August, while Seek vows to fight the claims.

ASX

Tank Stream Labs sells to ASX-listed Scalare Partners in $5.5 million deal

Simon Thomsen - July 14, 2025 3 MIN READ

ASX-listed technology firm Scalare Partners will acquire coworking space Tank Stream Labs in a deal worth up to $5.5 million. The move comes as 12-year-old Tank Stream Labs prepares to move out of the Sydney Startup Hub, which is being shut down by the NSW government. Tank Stream Labs CEO Bradley Bradley Delamare will remain… Read more »

AI/Machine Learning

Kiwi AI tech company Blackpearl Group heading to Australia for dual listing on the ASX

Simon Thomsen - July 14, 2025 2 MIN READ

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 »

ASX

ASX-listed Bailador says its $25 million investment in fintech Dash is now worth 59% more

Simon Thomsen - June 25, 2025 2 MIN READ

A $25 million bet on fintech DASH has proved lucrative for ASX-listed venture fund Bailador Technology Investments (ASX:BTI), with the VC announcing a 59% uplift to $44.7m. The increase is the result of a new yet-to-be announced raise for the Sydney fintech, which has been signed at a 59% increase in DASH’s valuation. DASH is… Read more »