Victoria’s youth health and wellbeing has been a state priority for decades – but with roughly a quarter of the state’s children overweight (Australian Bureau of Statistics), there’s more that can be done. While schools, parents and government bodies have all been focused on education programs and supporting healthy lifestyle choices, we believe Victoria’s brightest… Read more »
A Cloud Guru co-founder and CEO Sam Kroonenburg is pouring some of the proceeds from his London-based startup’s $2 billion exit last year into local tech companies after signing on as venture partner with SecondQuarter Ventures. Kroonenburg, who founded his online learning business with his brother Ryan in 2015, landed one of 2021’s biggest M&A… Read more »
Age Up Health has secured investment from the Alice Anderson Fund, LaunchVic’s $10 million VC fund for female entrepreneurs. The fund offers up to $300,000 in matched capital to early-stage startups. Age Up, which launched in March 2020, provides home care packages to help elderly people stay in their homes, taking the sector into the… Read more »
The Commonwealth Bank is expanding its children’s banking products with a new digital app as part of a wider digital strategy announced by CEO Matt Comyn. The range of initiatives the bank launched include a new low interest digital home loan at 2.14% for owner-occupiers. It’s also adding the CommSec share trading app to the… Read more »
Enterprise software startup Clear Dynamics has raised $35 million (USD$25 million) in Series B funding. The round was co-led by Colinton Capital Partners and OIF Ventures, alongside new investment from family offices and private investors. The Melbourne venture, which has seen its customer base grow four-fold in the US and Australia over the last year… Read more »
Sydney-based voice communication platform, Curious Thing has raised $7 million in pre-series A funding. The round led by private investment firm Hawkstone, supported by Blacksheep Capital and January Capital, with existing investors, Westpac’s VC fund Reinventure, and Qualgro, returning after backing a $1.5 million round in 2019. The cash injection will be used to help the… Read more »
An Indigenous Australian Army veteran who’s build a successful tech startup over the last six years has spun out a cybersecurity company with the ambition one day launching it on the ASX. Kieran Hynes is a Worimi man from the Newcastle region who spent 13 years as an Army officer, dealing with military tech, from… Read more »
The horror of finding a mountain of plastic, rubbish and debris at Everest Base Camp motivated young Gold Coast entrepreneurs to return home and tackle world pollution with a clean sheet. For Gold Coast identical twins Brodie and Roger Cook, taking on the enormity of world pollution meant starting small. “We saw a problem, we… Read more »
Australia is well-positioned to build and maintain a large and healthy agricultural industry ($81 billion of production in 2021/22). Australia also has a unique opportunity to leverage our higher-education infrastructure, skilled workforce and sophisticated capital markets to integrate modern technology into our agricultural industry for the purpose of vastly improving the volume of high-quality agricultural… Read more »
Managed property fund EG is planning to raise $100 million for its proptech incubator EGX, as it looks to transform the real estate and property sector. Launched last year, EGX already has a portfolio investment worth $100 million and backed three startups, Willow, Reveal and FLNT, EGX provides Seed and Series A funding to founders… Read more »
A hackathon offering up to $10,000 for a startup ideas that tackle climate change via space will be held in Canberra next month. SpaceHack, on June 16-17, is a collaboration between the Canberra Innovation Network (CBRIN) and UNSW Canberra. Participants will have 30 hours over the two days to collaborate and compete for cash prizes… Read more »
US venture capital giant has once again backed online used car platform, Carma in a US$52 million (A$75m) Series A round. General Catalyst Partners led the round. MD Adam Valkin will join the Carma board. The US VC’s other local investments include Canva, BigCommerce and Buildkite Other international venture investors joining the round include Entrée Capital… Read more »
Australia has no clear strategy to decarbonise transport. That’s a problem, because without a plan, our take-up of clean technologies like electric cars, trucks and buses is slow. It’s stopping us from meeting our climate commitments. And it leaves us paying exorbitant prices for imported oil at the fuel pump, as well as in the… Read more »
The Proptech Association Australia (PAA) has announced the finalists in the 2022 Proptech Awards, the only nationally coordinated awards for Australia’s booming property technology sector. PAA President Kylie Davis said entries for the 2022 awards jumped 31% on last year to 124 across the 23 categories. “It’s super exciting to celebrate these success stories in… Read more »
On Friday, the Wall Street Journal published information from Facebook whistleblowers, alleging Facebook (which is owned by Meta) deliberately caused havoc in Australia last year to influence the News Media Bargaining Code before it was passed as law. During Facebook’s news blackout in February 2021, thousands of non-news pages were also blocked – including important… Read more »
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