Ausbiz, the online finance publication backed by former Seven Network star David Koch and struggling British industrialist Sanjeev Gupta, is raising money for its enterprise video division that would give the business, known as Ausbiz LABS, a pre-money valuation of $4 million.
The five-year-old start-up is seeking expressions of interest to raise $750,000, after signing its first “platform customer”. An email sent out to its subscribers said it would accept individual investments of at least $2500.
This article has been updated to clarify that the $4 million valuation applies to the Ausbiz LABS division and not to the entire Ausbiz business.