Yesterday
QIC bets on Aussie climate tech companies, backs $200m VC
Queensland’s sovereign fund has joined Westpac and Clean Energy Finance Corporation in backing Virescent Venture’s second climate-focused fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
- Opinion
- Start-ups
The tech industry must evolve beyond ‘problematic geniuses’
A venture capitalist’s controversial comments about investors seeking out “problem child” founders as tech leaders showed outdated thinking that pervades the sector.
- Claire Bristow
- Exclusive
- Funding
New $1b VC fund will back Aussie start-ups with Chinese money
A Melbourne-based fund manager for Chinese money is set to close the first part of a targeted $1 billion to back Australian start-ups that could expand into China.
- Jessica Sier
VC-backed video start-up 90 Seconds fields interest, hires advisers
90 Seconds’ owners have hired Singapore-based boutique investment bank Sansa Advisors to field inbound inquiries and oversee the diligence process.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘If we lose everything, we can just get a regular job’
From a childhood that was “pretty tough” in parts, Dom Pym founded 22 companies including neobank Up, which he sold for $116 million. Now he wants to elevate Australia’s venture ecosystem.
- Yolanda Redrup
- Research Winner
- Best Universities Ranking
Stellar records on research at risk from funding shortfall
Melbourne University, ranked No.1 in the Research category, has created an ecosystem with industry partners and policymakers.
- Alexandra Cain
Airtree’s Craig Blair didn’t mean to defend ‘brilliant jerks’
This is capitalism for and by gods. Or by very naughty boys.
- Myriam Robin
‘We gave it everything’: AI start-up calls it quits after raising $60m
Administrators are looking for buyers of the assets of fallen retail company Hivery, which had raised over $60 million from leading VC firms.
- Paul Smith
- Exclusive
- Funding
Woolworths, Westpac funds back controversial $500m anti-crime start-up
Auror’s use of AI technology to help retailers track criminals led to an Information Commissioner investigation, but investors aren’t worried.
- Paul Smith
The Netflix model used for going to the doctor
The Challenger winner of the Business to Consumer category, Updoc, has delivered compound annual growth of 200 per cent.
- Simon Evans
NZ firm turns $1b unicorn helping kids get into elite unis
The 11-year-old Crimson Education has cracked the billion-dollar valuation after a small fundraising round led by New Zealand venture capitalists.
- Paul Smith
Gold Coast rocket company gets green light for first launch
After a two-year battle with the regulator, Gilmour Space has been granted approval to launch its Australian-made rocket to compete with SpaceX.
- Tess Bennett
October
- Updated
- Start-ups
Canva valuation leaps to almost $50b as overseas investors eye Australia
The design software giant is the largest of the country’s privately owned technology firms, and is seen as a bellwether for the local start-up sector.
- Updated
- Amelia McGuire, Tess Bennett and Paul Smith
- Exclusive
- Funding
PE giant buys in as Aussie AI infrastructure start-up raises $45m
Swedish private equity giant EQT is one of the lead investors in a $45 million funding round at Australian AI infrastructure start-up Neara.
- Paul Smith
Medtech darling Vaxxas launches $100m raise to fund trials
For most investors, Vaxxas has been “the one that got away”, with $100 million of the equity raised to date split between just two investors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
GitHub founder, Carthona Cap back construction software biz BuildPass
BuildPass has secured seed investment from Saniel Ventures, owned by Leigh Jasper who sold construction software firm Aconex to Oracle for $1.6 billion in 2018.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Why investors still have ‘great opportunity’ on the net zero path
Despite higher interest rates, foreign currency fluctuations and commodity price volatility, investors still see Australia as set for “a rapid amount of growth”.
- Ronald Mizen
The secret to raising hundreds of millions like these Young Rich
Entrepreneurs on the Young Rich List have raised more than $US3.6 billion in funding from venture capital and private equity. Here are their top tips.
- Yolanda Redrup
- Opinion
- Chanticleer
John Wylie is betting venture capital’s business model must change
The veteran investor wants to marry Australia’s world-class intellectual property with our world-class retirement system.
- James Thomson
He sold his firm for $1b, but believes the next can be 10 times bigger
Tech guru Alisdair Faulkner went from being a “crocodile country” coder to selling little-known ThreatMetrix for a landmark sum. He now has greater ambitions.
- Yolanda Redrup