Sydney-based startup Simply Wall St, which makes the stock market easier to navigate, has just announced the closing of a $600,000 funding round led by Mike Quinn from Innovation Capital, with participation from Sydney Angels and their Sidecar Fund. This brings the total amount raised by the startup to $700,000, including the original investment from AWI ventures.
Caroline Woodhouse’s transition from office manager at a dead-end chiropractic clinic to tech entrepreneur has been rockier than anticipated. Like many non-technical founders, she decided to outsource the development of Where4Events, an event aggregation app, only to end up in a messy court battle, costing her $500,000.
In the words of Benjamin Franklin, a small leak will sink a big ship. The 20c change from the $4 we hand over for a coffee every morning can add up over time but, thinking them useless and wanting to get rid of heavy coins, most of us routinely waste our change.
This year seems to be the year of the self storage startup. First we got Melbourne’s Boxly, then came – and went – Rocket Internet’s SpaceWays, and Boxbird. Now Melbourne startup Spacelli wants to take a stab at the market.
From Urban Outsource and TidyMe to Scrubb and Helpling, more and more platforms are emerging to connect consumers to cleaning professionals. Just six months after launching, Sydney-based WHIZZ has announced a $2 million Series B funding round. WHIZZ has secured investment from five high-profile Australian investors including Simon Rothery, CEO of Goldman Sachs; Tom Krulis,… Read more »
Yesterday, Luke Metcalfe announced that he had officially launched another big data play; a new real estate platform under his existing NationMaster brand that was designed to make it easier for people to make more informed decisions when it comes to property.
German home cooking delivery startup Marley Spoon has officially landed in Australia, adding another player to the booming food space as it launches its service in Sydney.
Ten months after merging, Australian startups Beat the Q and Posse have announced the closure of an oversubscribed Series A $5 million funding round led by Westpac’s $50 million venture fund Reinventure and 12-year-old venture capital firm Exto Partners. The new investment will be used to fund product development – specifically, to improve the payment process for customers when dining out or buying coffee and to introduce new features – as well as marketing and scaling merchant acquisition.
Ask the Australian Government about our nation’s healthcare system and it will tell you that it is broken. From WellOne’s healthcare membership system to health job search platform HealthcareLink, the number of Australian startups that have emerged in the sector over the last few years confirms that there are quite a few problems to be solved.
It shouldn’t have been surprising when I found myself sitting in front of so many women in tech during my visit to its capital Wellington last week, yet I did. The reason I found it surprising is because although Australia is only three hours away from this beautiful windy city, what I found was an ecosystem that was light-years ahead in terms of its diversity and celebration of its female founders and employees.
Sydney-based startup Expert360 has raised $4.1 million in an oversubscribed round led by Frontier Ventures, with investors including former Macquarie Bank Managing Director, Allan Moss AO, rampersand, as well as other institutional investors and existing shareholders across Australia, the US and Europe. Expert360 was founded in January 2012 by former Bain & Company management consultants… Read more »
Over the last few years as our startup ecosystem has grown, it has become common practice for startups facing financial constraints to ‘offer’ unpaid internship opportunities to more often than not younger aged people. A lot of the time these ‘internships’ are built on the hope that it will lead to a paid job in the company, or at the very least give the incumbent ‘free worker’ some really great exposure on what it is really like to work at a startup.
From Frank Sinatra to Ryan Adams, Allen Ginsberg to Joan Didion, New York City is famous for the artists it’s been home to and the art it’s inspired. While artists have flocked to New York, Silicon Valley has become synonymous with tech entrepreneurship. For many startup founders, Silicon Valley has always been Mecca. Until now.
I have mentioned a number of times before that FitTech is starting to become a crowded marketplace in Australia; it feels very similar to the the group buying trend of 2011, which ended in a handful of acquisitions and a truckload of closures.
In March, I wrote an article about Bidz Direct, in which I stated that the startup’s biggest challenge was going to be the bad press surrounding another startup playing in the same space Alphatise. I also said that co-founders Phil Tran and Zaven Matevosian would face some tough questions as they prepared to launch their platform and raise funds.
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