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David Koch’s Ausbiz rattles the tin for enterprise video division

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.

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correction

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.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/david-koch-s-ausbiz-rattles-the-tin-20250327-p5ln17