Startup
Fintech startup Xinja has successfully raised more than $2.4 million through crowd-sourced equity funding platform Equitise to close out Australia’s first full retail crowdfunding offer. The fintech startup, which is seeking to become Australia’s first ‘neobank’ (a bank sitting purely on a digital and mobile platform), sought to raise between $500,000 and $3 million through […]
There are many reasons that increasing numbers of entrepreneurs across Australia and beyond are starting their own business. They may not want to spend their lives in the rat race working for others, they may realize that they can potentially make much more money running their own enterprise, or they may want a career that […]
The recent trials and tribulations of Australian tech startups Big Un and Get Swift should serve as a timely cautionary tale for many aspiring businesses. Both have recently fallen foul of the ASX’s continuing disclosure requirements and face uncertain futures. While both have earned the ire of shareholders and the regulator for different reasons, their […]
The brains behind QPay, a payments app for uni students, have secured $570,000 in funding to challenge banks for the millennial market. Provided to QPay by high-profile investors including Sydney Angels and the Sydney Angels Sidecar Fund 2, the funding will enable the startup to release a student-targeted QPay MasterCard. According to QPay CTO and […]
‘You can’t make a profit while you are creating social impact, that would be wrong.’ This was a statement made to me by a Year 11 student taking part in an Entrepreneurial Challenge Week, where the students were challenged to develop a social impact business within 5 days. Taken aback, I asked ‘Why?’. The five girls […]
When running a business, it is more than likely that at some point you will need a loan. This may be a short-term solution to cash-flow, a means to buy new equipment, to fund the expansion of your business or to break into new markets, or to refurbish parts of your business. Business loans are […]
Eight female founders, representing tech startups across a range of industries, have been selected to participate in SBE Australia’s 2018 Springboard Enterprises Australia Accelerator program. [Related: Noga Edelstein (UrbanYou) joins SBE Australia board as 2018 female startup program launches, Crop health monitoring startup FluroSat secures $1.5 million to fuel rapid growth, The tech sector needs to start valuing women for […]
Space tech startup Myriota, the 2017 Telstra South Australian New Business Award winner, has closed a US$15 million Series A funding round. [Related: SMBs must leverage new technology and take cues from successful leaders to thrive today and “Rocket science is no easy feat”: Fleet’s CEO on paving the way for space startups in Australia] The round was […]
Artificial intelligence startup Daisee has raised $8.8 million in a Series A funding round led by Alium Capital. Speaking with Dynamic Business, co-founder and CEO Richard Kimber explained the investment would support Daisee’s efforts to ‘democratise’ AI and combat Australia’s ‘brain drain’. Launched in August 2017, Daisee leverages AI research from within Australia’s university ecosystem […]
Cloud-based HR, payroll and benefits platform Employment Hero have raised $8 million during a Series B funding round co-led by employment marketplace SEEK and OneVentures, with contributions from AirTree Ventures and AMP. The capital injection, which will be used to roll out new products and services, follows on from Employment Hero’s oversubscribed $4.5 million Series A round, […]
Security Colony was one of six cybersecurity companies selected by Austrade & AustCyber to take part in the Federal Government’s Landing Pad program in San Francisco. In this exclusive series for Dynamic Business, Nick Ellsmore, co-founder of Security Colony shares his journey as he builds his second business (the first sold to BAE Systems) and introduces an Australian-built cybersecurity solution […]
Sydney-based technology company Ansarada has raised $24 million in Series A funding to meet surging demand for its AI-powered ‘business readiness’ platform, accelerate the rollout of new products, and facilitate further global expansion. Founded in 2005, Ansarada harnesses data as well as AI and machine learning tools to assist advisors and investors to identify prospects, […]
Australian startups are raising millions of dollars of venture capital funding, with recent high profile raises including Canva raising $50.9 million in January 2018, Hyper Anna raising $16 million in August 2017 and Culture Amp raising $26.4 million in June 2017. Hundreds of Australian startups are raising smaller amounts in seed and series A capital […]
Unveiled this week, the Global Talent Scheme represents a softening of the Government’s stance on skilled immigration. Dynamic Business spoke with a cohort of business leaders from across the tech, recruitment and startup sectors to gauge whether they believe the 457 Visa replacement scheme will satisfy the needs of SMBs for highly-skilled foreign workers. [Related: Startups […]
Australia’s peak startup body, StartupAUS, has expressed disappointment in a senate committee’s recommendation to exclude technology companies from legislation extending the copyright safe harbour scheme to a broader range of service providers. [Related: Startups to have easier access to global talent under new scheme being piloted by government] The report on the Copyright Amendment (Service Providers) […]
The Victorian Government will invest $2.9 million in educating thousands of Victorian startups though the state’s startup agency, LaunchVic. Sixteen service providers have been selected to run the education programs, with up to 2,000 places available to Victorian startup founders and their staff. The programs will vary in length and format, and include short courses, intensive […]
Leading tech accelerator BlueChilli will create 240 early-stage startups over three years with the aid of a US$125 million fund managed by Singapore-based VC firm Hatcher+. [Related: Investors in BlueChilli startups automatically qualify for tax deduction after ATO ruling and Why the startup ecosystem needs more non-technical entrepreneurs, not stereotypes] Commenting on what the partnership means for BlueChilli, […]
A new visa scheme will be piloted for 12 months from 1 July, this year, in a bid to attract highly-skilled global talent to Australia and boost the nation’s capacity for innovation, Minister for Jobs and Innovation, Michaelia Cash, has announced. [Related: If employers can’t import critical talent on visas, they’ll consider overseas hires, says […]
Security Colony was one of six cybersecurity companies selected by Austrade & AustCyber to take part in the Federal Government’s Landing Pad program in San Francisco. In this exclusive series for Dynamic Business, Nick Ellsmore, co-founder of Security Colony shares his journey as he builds his second business (the first sold to BAE Systems) and introduces […]
If 2018 is the year you want to take your business to the next level, you might be considering bringing investors on board. For startups, the world of investors can be a scary but necessary for growth and success. [Related: Let’s Talk… Founder/investor fit, Let’s Talk… Raising Capital (part 1) and Let’s Talk… Raising Capital […]
