If you’re a startup founder, there’s a pretty good chance you’re using Google Ads, Facebook Ads or Linkedin Ads to help grow your business. But if you’re relying on the built-in reporting tools within those ad platforms to track how many clicks and conversions you are getting, that data is about to get a lot… Read more »
The Queensland Investment Corporation (QIC) has backed digital advertising startup Cartelux in a $3 million raise the Sunshine Coast-based software firm has dubbed “post-Seed”. Steve Baxter’s syndicated investment platform TEN13 also invested, with managing partner Stew Glynn joining the board. Cartelux automates digital advertising for global brands via their retail networks and franchisees on a… Read more »
Sydney quantum startup Q-CTRL has landed an additional US$2.6 million (A$3.83m) in VC funding for its long-running Series B round to take the total raised to US$54 million (A$80m). Joining a cap table that includes Salesforce Ventures, the VC arm of the US software giant, Airbus Ventures, Main Sequence and former Wallabies captain John Eales. is… Read more »
The technology sector’s gender diversity problem is to continue for the foreseeable future according to this year’s STEM Equality Monitor. However however the tech sector is doing better than other STEM disciplines in offering wage parity between female and male graduates and better prospects for those entering the workforce. Published by the Federal Department of… Read more »
Serial entrepreneur Carrie Kwan has sold her women’s microbusiness advisory and networking platform, Mums & Co, to insurance giant IAG for an undisclosed sum. The deal, via IAG’s NRMA Insurance brand, reflects a longstanding relationship with Kwan, dating back to the genesis of Mums & Co in 2016, with the insurer an existing investor in… Read more »
To non-moguls, Elon Musk’s (perhaps temporary) rebrand of Twitter to “X” may seem high risk, amateurish, or even capricious. But it is likely doing exactly what he intended: generating enormous global interest, pushing Twitter closer to his other X brands (SpaceX, Tesla Model X, xAI), and clearing the way for a profitable merging of technologies.… Read more »
Paypa Plane cofounder and CEO Simone Joyce is heading to the US with her family to put her fintech front and centre of banking and payments reforms in North America. Joyce, who is also chair of industry group Fintech Australia, has been at the forefront of Australia’s shift to real time payments and the introduction… Read more »
Victorian-government backed startup agency LaunchVic has granted another $300,000 to early-stage accelerator and investor Startmate to inspire around 300 university to become founders. The $300,000 grant over two years will see at least 320 Victorian university students complete the Startmate Student Fellowship, a three-week intensive designed to give students the confidence, connections and skills to… Read more »
Two subsidiaries of social media giant Meta, Facebook Israel and Onavo Inc, have been fined $10 million each for misleading conduct, in breach of the Australian Consumer Law, over a virtual private network (VPN) service that was used to gather data on users and share it with Facebook’s marketing team. Consumer watchdog the ACCC launched… Read more »
CSIRO’s VC arm, Main Sequence Ventures, has rounded up several high profile institutional investors for a $450 million first close of its third fund, as the six-year-old deep tech investment fund notches up $1 billion in funds under management. Founded in 2017, Main Sequence has now backed 53 companies including carbon capture agtech Regrow AG,… Read more »
A night out drinking with his girlfriend Sumin’s family changed Tim O’Sullivan’s life and career, turning him into an evangelist for “bae” – the Korean word for the fruit Australians know as the Nashi pear. O’Sullivan was already a little worse for wear from the previous evening in South Korea when he was handed a… Read more »
University of NSW quantum computing startup Diraq has won the lion’s share of a one-off NSW government $7 million quantum commercialisation fund, pocketing $3 million, alongside $2.34m for Professor Michael Biercuk’s Q-CTRL and $1.44m for Quantum Brilliance. The former Coalition government announced NSW Quantum Computing Commercialisation Fund (QCCF) late last year, with applications closing before… Read more »
Nourished Life founder Irene Falcone’s latest startup venture, Sans Drinks, has fallen victim to the challenging retail environment, with the business handed to administrators. Jirsch Sutherland partner Andrew Spring was appointed administrator of The Non Alcoholic Drinks Co Pty Ltd, trading as San Drinks, on July 17. Spring said it was “still early days in… Read more »
Silicon Quantum Computing (SQC) has trimmed its sails in an increasingly austere venture funding environment after setting out to raise $130 million, instead banking $50.4 million in a raise backed by existing investors the Australian government, Telstra, the Commonwealth Bank and University of NSW. Despite a dearth of capital, investors nonetheless saw opportunity in the… Read more »
Success in the health and biotech space takes time but can be hugely rewarding. However, startups in the sector often need help with significant hurdles, dealing with long development cycles, regulators, massive capital requirements and a higher chance of failure. Since the COVID-19 pandemic, a symbiotic relationship has emerged between Australian hospitals and tech innovators.… Read more »
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