This Month
Immutable’s revenues are shrouded in a Cayman Islands mystery
Investor updates show the crypto video gaming business is making $4.6 million every month. Half seems to be “service revenue” from a Caribbean not-for-profit.
Collapsed pharmacy start-up StrongRoom sold, ending four-month saga
Liquidators will now have to wind up the existing company and possibly pursue its directors over alleged contraventions found in the administration process.
Blackbird-backed marketing start-up Tracksuit hits $400m valuation
The New Zealand-headquartered business helps small companies analyse their advertising spending. It will also ditch its co-chief executive model.
StrongRoom deal sideswiped by ‘potential misappropriation’ query
The entrepreneur who struck an agreement to buy the software start-up’s assets is in dispute with his business partner, and denies any wrongdoing.
Billion-dollar tech founders turn investors with new $50m fund
A group of successful Australian entrepreneurs who have built ‘unicorns’ including Aconex, A Cloud Guru and Go1, have joined forces to form a new VC firm.
UNSW spin-off JumpStart Fertility lands US backer
JumpStart Fertility is seeking to boost embryo development and improve success rates by 60 per cent.
StrongRoom AI sale takes a twist after liquidation order
StrongRoom AI will be liquidated, but its fate is still uncertain after an 11th-hour bid for the assets of the controversial pharmaceutical start-up was lodged.
‘Next Cochlear’ launches ASX float to sell its ‘medical Lego’
Tetratherix, a medical device company backed by Xero founder Rod Drury, is set to make its ASX debut later this month with an ambitious global pitch for investors.
Creditors divided as StrongRoom sale D-day arrives
The fate of the disgraced pharmaceutical software start-up rests on the outcome of a high-stakes meeting on Thursday.
Ex-Macquarie equities boss seeks $100m for investment firm
Factory Capital has pressed play on an equity raising as it seeks to stock up its balance sheet through family offices and high-net-worth investors.
$125m jobs start-up says AI roles have surged 500 per cent
Australian salary comparison platform Ravio says it’s used by more than 1200 tech companies across 40 countries. Its data shows AI jobs are booming.
May
Melbourne entrepreneur builds $3b gaming empire out of solitaire app
Meet the Aussie game designer who’s built a global company by making simple online games better than anyone else.
Liberals’ IR man Tim Wilson wants school kids taking up ‘side hustles’
Wilson, who was punted from parliament by teal Zoe Daniel in 2022 but clawed his way back on May 3, also has his eye on Labor’s multi-employer bargaining laws.
Eucalyptus targets unicorn status in new $150m funding round
The weight-loss pill selling healthcare business has long been one of the most talked about start-up. Now it could be on the cusp of a $1 billion valuation.
How this couple grew a digital photo event business from $1000 to $5m
Husband and wife team Warwick and Carla Groves have built Guestpix into a global player with customers in 100 countries. And it started in their own backyard.
He quit consulting. Now his AI start-up is worth $100m
Unleash Live, a 10-year-old artificial intelligence firm, has raised $17 million after signing up BHP, Alcoa and Chevron as clients.
Executives head for the door at unicorn crypto start-up Immutable
Two senior executives on Friday announced their departure from the heavily funded tech company, which has shed a third of its staff in the past nine months.
This Rich List newcomer has lost everything – twice
Phoenix Lithium founder Nick Wakim is comfortable with risk. He’s lost it all before, and then made it again. But as he nears 60, his views have changed.
Canva, Atlassian employees flock to unions amid AI job fears
Workers’ fears about losing their jobs to artificial intelligence bots has led to a surge in union membership at Australia’s two highest-profile tech companies.
Tech unicorn Immutable cuts staff as AI bots pick up jobs
One of Australia’s most funded technology companies has shed more than 70 staff over the past nine months and embraced artificial intelligence programs.