An ebike charging startup that’s already helping power Australia Post’s electrified delivery fleet has landed a $500,000 grant from the federal government-backed iMOVE Cooperative Research Centre as it sets its sites on a major deal with New York City. microFleet is in talks with NYC officials about installing around 70,000 of its OneDock universal charging… Read more »
The annual CapTech2023 conference will return to Sydney in October, bringing together innovators, investors, and industry leaders together over four days. Raman Bhalla, President of Sydney Investors, Professionals and Business Networking Group Incorporated (SIPBN), and founder of CapTech, said last year’s gathering resulted in four companies successfully raising major deals with more than $180 million… Read more »
Early stage investment syndicate Side Stage Ventures, which is backed by multiple founders, including Linktree cofounders Anthony and Alex Zaccaria, has moved into mainstream VC 15 months on, raising $15 million for its first fund. The Zaccaria siblings, along with What the Health founder Emily Casey, UNIFIED Music Group’s Jaddan Comerford, and others, originally launched… Read more »
The annual ARENA Renewables Startup Showcase is heading to Melbourne this year, with applications now open for startups interested in taking part. Pioneering startup network Innovation Bay and the Australian Renewable Energy Agency (ARENA) have teamed up again for the fourth showcase, which takes place on Wednesday, November 1, at Cargo Hall in Melbourne. They’re looking for early… Read more »
Entrepreneurship is a thrilling and challenging journey. At its core lies the profound decision of selecting a co-founder, a choice that shapes the very destiny of a startup. The landscape of this relationship encompasses more than skills and expertise; it’s a delicate balance of shared values, mutual trust and a harmonious blend of commercial and… Read more »
Personal lending fintech Driva has landed a multi-year partnership with leading vehicle marketplace Carsales.com. The Carsales (ASX:CAR) partnership will see Driva offer personalised finance options next to all privately sold vehicles, with options to pre-qualify, apply and get pre-approved for finance. Carsales executive GM Matt Earle said the deal will mean around 45% of the automobile… Read more »
Atlassian’s long history of financial losses continues into the company’s 21st year, despite strong revenue growth, posting quarterly revenue of US$939 million, up 24% on 12 months ago, in the fourth quarter of the 2023 financial year to June 30. The tech giant’s (NASDAQ: TEAM) quarterly operating loss grew too, up from US$42.3 million in… Read more »
Breakthrough Victoria has backed Navi Medical Technologies as part of a $2.4 million raise to develop a medical device for newborn babies and children. The state government investment fund was lead investor chipping in $700,000, with the federal government also backing the medtech startup with grants. Also backing the round was Medtech Actuator and Artesian VC.… Read more »
Deep tech incubator Cicada Innovations has been appointed by the NSW government to run a new biomedical incubator at the Westmead Health and Innovation District, 26km west of Sydney’s CBD. Cicada was awarded a $7.8 million grant to help health and medtech startups to develop their research into lifesaving technologies at the Westmead Biomedical Incubator.… Read more »
The Australian Tax Office (ATO) paid out more than half a billion dollars to cyber criminals between July 2021 and February 2023, according to an ABC report. Most of the payments were for small amounts (less than A$5,000) and were not flagged by the ATO’s own monitoring systems. The fraudsters exploited a weakness in the… Read more »
Australia has nearly 100 Antipodean ‘Silicon Valley’ sites creating nearly two-thirds of the country’s tech jobs, according to a new report mapping digital technology clusters nationally for the first time. The report, ‘The geography of Australia’s digital industries’, was produced by CSIRO, and the Tech Council of Australia. It found there are 96 digital clusters… Read more »
Canberra food waste startup Goterra has raised $10 million in a bridging round has it looks ramp up its food waste treatment plants in western Sydney to deal with leftover produce from Woolworths that would otherwise go to landfill. The company, which uses black soldier fly maggots to eat through the waste, is building a… Read more »
Sydney cloud-based cybersecurity startup Plerion has raised US$10 million (A$15m) in a Seed round led by Prosus Ventures, a South African-owned, Netherlands-listed global consumer internet investor. The round was supported by US investment firm Cercano and Atlassian Ventures. The funds will be used on accelerated product development, talent acquisition, and go-to-market strategies. Plerion was founded… Read more »
CSIRO’s venture capital arm Main Sequence Ventures has backed a Brisbane mining technology startup in a US$28 million (A$43m) Series B raise led by international investors. Plotlogic, founded in 2018 by former mining exec and engineer Andrew Job, scans mine deposits using LiDAR (laser-based light detection and ranging) and hyperspectral imaging technology to analyse their… Read more »
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