SXSW Sydney is just around the corner – and many of you are feeling a bit overwhelmed by the sheer quantity of conference sessions on offer. We’ve got you covered. We read through the whole program and picked out our top 16 conference sessions. Below, you’ll find a curated program featuring familiar faces from the local… Read more »
Australian workplace software giant Atlassian is spending US$975 million (A$1.5bn) to acquire seven-year-old US video messaging startup Loom. The deal represents around 2% of Atlassian’s (NASDAQ: TEAM) current market capital of around US$48 billion. But it’s also something of a bargain, with the price less than two-thirds of Loom’s peak valuation of US$1.53 billion in… Read more »
Ocean Impact Organisation (OIO) has selected 12 finalists in The Ocean Impact Pitchfest 2023, including two from Australia. OIO’s CEO Nick Chiarelli, who’s just returned from New York Climate Week, the final 12 were chosen from 200 applications across 54 countries and embrace. They span a range of environmental solutions, from ropeless fishing gear that… Read more »
The Reserve Bank of Australia (RBA) would be given expanded regulatory powers over bring digital wallets, buy-now-pay-later (BNPL) companies, and crypto assets under proposed reforms to national payments systems legislation published this week. In a statement, Treasurer Jim Chalmers said the reforms “[address] the risks posed by new digital payments services, which are currently unregulated, to… Read more »
Nourish Foods, the parent company of organic children’s food brand Whole Kids, has new owners, with the Tempo Group buying the brand’s intellectual property from the company’s administrators. John McInerney and Matt Byrnes from Grant Thornton took charge of the business as receivers in mid-September, a week after it was placed in voluntary administration following… Read more »
Main Sequence is ‘all in’ on SXSW Sydney, co-sponsoring the 2050 stream with our friends at CSIRO, Nourish and v2food. Here’s what we will be doing during the week. Get your SXSW Badge The Main Sequence/CSIRO Lounge Throughout the week, we’ll be hanging out in our lounge on the main conference floor – Room C3.1.… Read more »
A manufacturing design collaboration and quotation software startup has raised $3.8 million in a Seed round to bring the process into the digital age. Phasio was founded in 2021 by Harry Lucas and ex-CSIRO researcher Sudharshan Raman, Phasio is digitising how manufacturers quote, design and collaborate with customers, bringing a Google Docs-like approach to the… Read more »
A simple database flag enabled cryptocurrency magnate Sam Bankman-Fried (SBF) to siphon billions of customer dollars into a lavish lifestyle that ultimately left failed exchange FTX over $12 billion ($US8 billion) in debt, a US court has heard as SBF’s trial nears its conclusion. Once the second largest cryptocurrency exchange with a valuation of $47 billion, the… Read more »
In an astonishing act of timing, Harvard University’s Professor Claudia Goldin published a paper on Monday titled Why Women Won. It mapped milestone moments in women’s rights in the United States from 1905 to 2023. A few hours later, she was awarded the 2023 Nobel Prize in Economics “for having advanced our understanding of women’s… Read more »
BlueScope Steel’s venture capital arm, BluescopeX, Aconex cofounder Rob Phillpot’s Gravel Road, and Archangel Ventures have co-led a $1.5 million Seed round for a Melbourne proptech software startup that educates commercial builders on the benefits of engineered timber for commercial construction. The raise for CLT Toolbox was also supported by Flying Fox Ventures and Dan… Read more »
Six months after launching Purpose Ventures with a $37 million war chest to back Western Australian startups, strong support from local investors has seen the VC top up its first fund with another $8 million as it backs its third company. The Purpose Ventures Fund is committed to investing at least 70% of its capital… Read more »
A renewable energy software startup to emerge out of the Startmate program has raised $500,000 in its first external round. Power systems engineers Jarman Stephens and Damien Vermeer cofounded gridmo earlier this year to fast track renewable energy grid connection studies. It was built to MVP in Startmate’s summer 23 cohort. The raise was led by the… Read more »
Equity may be tough to secure in the current market, but it’s not the only option for startups looking to weather the funding storm. For some, it’s not always the right choice either. AI eCommerce software platform Particular Audience is fuelling its expansion using ‘growth credit’ – venture debt funding suitable for scaling companies, which… Read more »
Sydney startup Apollo Secure, which focused on helping small business deal with the complexities of cybersecurity, has raised $600,000 in pre-Seed funding. The round was by 24 investors from Sydney Angels with support from Brisbane Angels and a consortium of investors from Angel Loop. Apollo Secure is an automated platform for startups and SMEs to… Read more »
As anticipation for SXSW Sydney builds, all eyes are on the vibrant lineup of innovators, entrepreneurs, and creatives set to grace the event. Described as a ‘premier destination for discovery’, SXSW which offers a unique blend of music, film, entrepreneurship and innovation, is for the first time being hosted by Sydney. Among the trailblazers, the… Read more »
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