Yesterday
Childbirth medtech eyes US market with $30m raise
Perth-based VitalTrace has tapped Acova Capital to raise funds for its commercialisation push.
Australia’s AI gold rush is heading offshore, and we’re digging
Australian investors pouring money into US AI companies, such as Mira Murati’s Thinking Machines Lab, is no cause for celebration.
This Month
Barrenjoey revalued Rokt holdings up 28pc citing earnings surge
The online shopping software provider was already valued at $5.3 billion when the firm, alongside Square Peg and Tiger Global, bought shares.
A 17-year-old who sent Paul Bassat a cold email now has a $2m cheque
Irish teenager Liam Fuller came to Sydney for a holiday with his dad and left with cheques from several investors, including a big one from Square Peg Capital.
New York VC takes stake in Aussie start-up promising longevity
Everlab has secured $15 million in seed funding in a round led by global growth equity firm Left Lane Capital.
Employment Hero sues Seek, an investor and rival, over platform access
The fast-growing human resources start-up is now valued at $2 billion and has been increasingly competing with the recruitment platform, which remains a backer.
Sydney start-up scores $23m in US fund’s first Aussie deal
Chris Wirasinha has already had one successful company in Pedestrian, now he’s creating a new model of content marketing to benefit publishers and brands.
Divorce funding start-up JustFund secures $200m facility as loans grow
A start-up which provides loans to people who cannot afford divorce lawyers has secured debt funding from private credit provider MA Financial.
Hostplus-backed electric aircraft start-up launches $30m capital raise
AMSL Aero has tapped Allunga Advisory’s Matt Rogers to launch its Series B equity round.
Breakthrough Victoria cuts staff, but sees tech as the future
The future of state-owned Breakthrough Victoria will likely be determined by a review, but new CEO Rod Bristow’s mission is to make the VC fund self-sustaining.
Surprise fall in tech start-up funding as deals dry up
Deals fell to their lowest level in 18 months in the June quarter, as VC firms kept their powder dry and funding for female founders reached record lows.
CSIRO start-ups merge to create $150m company
Two technology start-ups spun out of the CSIRO have raised $11 million from wealthy investors to combine the two businesses.
Former rock star and banker Kim Jackson wants to be the next Buffett
A Google search will say she’s Atlassian billionaire Scott Farquhar’s wife. But this veteran dealmaker has plenty of main character energy.
Wingate bankrolls start-up lender Kashcade
The $50 million facility will allow Kashcade to lend to more than 250 new companies.
Sustainable fuel hopeful HAMR Energy revs up with funding round
HAMR Energy has launched its Series A funding round, hitting up high-net-worth individuals, venture capitalists and strategic investors.
June
Former tech star’s shareholders ask ASIC to investigate mystery debt
Investors in failed wireless earbud technology company Nuheara are pushing the corporate regulator to probe whether management hid debts before it collapsed.
Australia is already an AI leader. So why aren’t we talking about it?
Australia accounted for 9 per cent of all working AI experts across the Asia-Pacific, well ahead of South Korea and India, and second only to China.
Big tax bill looms for ‘Canvanauts’ after company shuffle
The Australian Tax Office has ruled Canva’s restructure means hundreds of current and former staff need to pay huge tax bills despite not selling any shares.
Smart collar for cows could abolish the need for farm fences
Halter, a New Zealand technology start-up that allows farmers to control their cattle via solar-powered electronic collars, has a $1.5 billion valuation.
From Farquhar to Denholm, billionaires pile in on this Byron Bay fund
ReGen Ventures has raised almost $100 million to invest in start-ups trying to solve environmental problems, an area of mixed success for venture capitalists.