The Voly brand returned to public life this week under its new owners, the NSW meat subscription service Our Cow. The company bought Voly’s database app and brand from the administrators for an undisclosed sum on Christmas eve hoping to expand its customer base into Sydney, where the delivery service operated. Voly collapsed in November… Read more »
ASX-listed WiseTech Global’s ongoing M&A spree continues with the US$414 million (A$602m) acquisition of US rail logistics company Blume Global. The deal comes just three weeks after Sydney-headquartered cargo software behemoth announced it was acquiring US logistics management software startup Envase for US$230 million (A$327m). WiseTech’s billionaire founder and CEO, Richard White, also snapped up… Read more »
Adelaide ideas and innovation festival Southstart is joining forces with startup accelerator Startmate and VC Rampersand to create two new opportunities for this year’s program, under the theme Odyssey. Rampersand’s Giant Warm Intro, which connects underrepresented founders with investors, and was a huge hit in Sydney last year (it returns in 2023) is heading to… Read more »
Amid a plethora of analysis of Australian venture capital funding in recent weeks, one report truly stands out because it captures the numbers by talking to the venture capital investors involved. The recently released 2nd edition of The State Of Australian Startup Funding report, from Cut Through Venture and Folklore Ventures, reveal a record number… Read more »
Innovators with a hunger to turn their ideas into reality can to the Monash generator’s Validator program 2023. The Generator is Monash University’s central startup hub and its entrepreneurial support program is for early-stage ideas, startups, and social enterprises. More than 1000 founders from the Monash community have been through one of the programs. The… Read more »
Global payments and financial platform, Airwallex announced senior appointments to its leadership team as they focus on expansion into 2023. Airwallex is a global financial and payment platform that helps entrepreneurs eliminate unnecessary costs and complexity associated with traditional financial systems. It offers an all-in-one platform for managing payments, treasury, and spending and is trusted… Read more »
The OneTwo is an online customised underwear startup that fits women in correctly sized bras. Their research shows that 80% of women are in discomfort due to the bra they wear. They are providing a tech solution to solve this problem and are on a mission to disrupt the global bra industry, which is projected… Read more »
The federal government won’t release new funding till its Pathway to Diversity in STEM Review is complete by the end of this year, but Girl Geek Academy (GGA) cofounder Sarah Moran says that’s too long a wait for funding new programs. The Academy is calling for swift action to support women in STEM careers. “With… Read more »
Investment and market research services provider, NetworksX, has landed $610,000 in the Seed capital Melbourne-based Pitch Venture Capital and European investors led the round. The fresh cash will expand the company’s operations to provide deeper and faster research services, increase automation, and broaden its offering to investors. NetworksX does deep-dive analysis of markets using industry… Read more »
Farming automation management startup SwarmFarm Robotics has raised $12 million in a Series A to address agriculture’s worker shortage. The round was led by Canadian agtech fund Emmertech, from Conexus Venture Capital, supported by Brisbane VC Tribe Global Ventures and South Australia’s Access Capital. Existing investors Tenacious Ventures and GrainInnovate, the Grains Research and Development Corporation… Read more »
Canberra quantum computing startup Quantum Brilliance, has raised US$18 million (A$26m) as it looks to expand internationally. The raise was backed by Breakthrough Victoria, which chipped in $8 million, as well as CSIRO VC fund Main Sequence, Investible, Ultratech Capital, MA Financial, Jelix Ventures, Rampersand and CM Equity. The capital is to expand international operations, deliver… Read more »
Rapid grocery delivery service Milkrun is reducing its headcount by 20% and will consolidate the number of delivery hubs as founder Dany Milham sets up the business to survive into 2024 amid a hunt for additional capital. In a letter to staff today, Milham said that economic and market conditions are changing rapidly and they “need… Read more »
Small business credit fintech Shift has raised $27 million in fresh capital, led by Sequoia Capital Southeast Asia. The 10-year-0ld fintech provides credit and payment platforms to help businesses trade, pay and access funds. It was previously known as GetCapital, having rebranded as Shift in October 2021. The company is calling this a Series C.… Read more »
NSW treasurer Matt Kean is hoping electric vehicle fans will vote Liberal at next month’s state election, pledging to install 30,000 chargers across NSW by 2026 if they win the election. More importantly, the Coalition government is pledging to reform a major pain point for urban EV users by reforming strata laws to make it… Read more »
Scientists at RMIT have made a breakthrough by developing a cheaper and more energy-efficient way to make hydrogen directly from seawater, without needing to desalinate the water. Hydrogen has long been touted as a sustainable alternative fuel and a potential solution to critical energy challenges, particularly for industries that are more difficult to transition to… Read more »
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