Q1 FY25 revenue of US$1.19bn, up 21% Subscription revenue of US$1.13bn, up 33% US$123.8m net loss, up 300% Operating loss of $32m FY25 revenue growth expected at 16.5-17%. $1.5bn share buyback planned Atlassian beat its own revenue growth predictions in the first quarter of the new financial year (Q1, FY25), but its losses also continue… Read more »
WiseTech Global’s billionaire former CEO Richard White may be on leave from the company he founded 30 years ago, but he’s keeping busy on the business front, increasing his stake in ASX-listed Vinyl Group via a deal involving another one of his investments, the music licensing startup Songtradr. White stepped down as WiseTech’s boss last… Read more »
More and more Australian startups are chasing capital from VCs in Singapore—and for good reason. Unlike Australian VCs, who risk losing tax concessions if they invest too heavily outside Australia, Singapore-based investors face no such restrictions and are actively deploying capital across global markets. That’s why we decided to ask some of APAC’s most influential… Read more »
WiseTech founder Richard White has stepped down as CEO of WiseTech Global, resigned from its board and also as a director of industry lobby group the TechCouncil of Australia. The billionaire fell on his sword late on Thursday afternoon following a fortnight of media reports about his private life, including legal action, settled on Monday,… Read more »
LinkedIn News Australia recently interviewed me about the underrepresentation of women in the startup ecosystem. At first glance, the statistics paint a bleak picture; according to the Q3 Cut Through Venture report, only 4% of total capital raised in Australia went to female-only founded teams, and just 13% to female co-founded ventures. These dismal numbers… Read more »
Imagine walking into a room of investors feeling confident, calm and certain that you’ll put your best pitch forward. When the stakes are high – and one meeting could make or break what happens to your business next – it can be challenging to feel this way. The key to feeling confident is preparation, and… Read more »
Multi-billionaire Richard White’s early career was famously rock n roll as a guitar technician for AC/DC, but over the past month his life story has become more Shakespearean, with a sprinkling of Streisand effect, that’s taken the WiseTech Global founder from the business section to front pages amid lurid details of his personal life. It… Read more »
The former CEO of the company behind defunct Queensland digital asset exchange Mine Digital has been charged with criminal fraud in the wake of an investigation by corporate regulator the Australian Securities and Investment Commission (ASIC). Grant Colthup, who was CEO of ACCE Australia Pty Ltd, appeared in Ipswich Magistrates Court on Monday charged with… Read more »
Disrupt Radio, the Melbourne media startup that launched in 2023 with a focus on entrepreneurship, but ran out of money to pay its staff within 12 months, is hoping to secure enough funding to return to live broadcasting in November. The Australian reports that founder Benjamin Roberts said negotiations for new capital are ongoing. “In… Read more »
Since it was founded nearly two decades ago, 23andMe has grown into one of the largest biotechnology companies in the world. Millions of people have used its simple genetic testing service, which involves ordering a saliva test, spitting into a tube, and sending it back to the company for a detailed DNA analysis. But now… Read more »
Drone delivery venture Swoop Aero, which raised more than $26 million in VC funding, has been placed in administration as cofounder Eric Peck claimed pressure from investors placed the business in that position. BPS Reconstruction and Recovery’s Simon Nelson was appointed administrator of Swoop Aero Pty Ltd and Kookaburra Aerospace Pty Ltd on October 14.… Read more »
A new book offering a comprehensive go-to guide on product marketing has been written by expert Kayla Medica. The Mehdeeka Method aims at demystify product marketing for companies of all stages of growth, providing a bridge between traditional brand marketing and emerging product marketing schools of thought, to build a brand from scratch. Kayla Medica… Read more »
Global payments platform Banked has tapped into Australian real-time payments with the acquisition of Waave, a fintech using the consumer data right (CDR) to offer a lower cost direct debit alternative to card payments. The sale, for an undisclosed sum, comes less than 18 months after Waave launched following a $4.7 million Seed round in April… Read more »
Canva is no ordinary success story. It’s a $39 billion unicorn with its heart in the right place. Founded by Melanie Perkins, her (now) husband, Cliff Obrecht, and Cameron Adams in January 2013, Canva has evolved from a side hustle in a family living room into one of the world’s leading design platforms. As a… Read more »
Mother-daughter duo Tandadzo (Tando) Matanda and Dr Margaret Matanda will step on stage founder at SXSW Sydney this Tuesday as the founders of fintech platform Musa. Musa is the world’s first intelligent venture assessment platform, tackling the funding process for startups and small and medium enterprises (SMEs). Musa Ventures equips founders with the digital tools… Read more »
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