Tag: Funding

Vic is investing money into the regional startup community.

Fresh from partnering with VC firm Hatcher+ to produce 240 early-stage startups over three years, tech accelerator BlueChilli has teamed with Coca-Cola Amatil to help budding entrepreneurs launch scalable, global tech companies.   [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] Up […]

Homegrown, US-based property tech startup HappyCo has completed a US$10.8 million Series A round led by Sydney’s Alium Capital Management. Australian VC firms Tempus Partners and PieLab Venture Partners also participated in the round along with HappyCo’s existing investors Larsen Ventures and Sandalphon Capital. Founded in Adelaide in 2011, before relocating to San Francisco the following year, […]

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, […]

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, […]

Fintech and other non-bank lenders are set to overtake banks as the preferred source of growth funds for Australian SMEs, the latest Scottish Pacific SME Growth Index suggest. [Related: Let’s Talk… Fintech, FinTech Australia’s CEO steps down but will continue to help Aussie fintechs from Asia and Fintech Code of Conduct recommended by report into best-practice for SME […]

Real estate agent comparison service LocalAgentFinder has closed an oversubscribed funding round, having not only raised $5.5 million from investors but achieved a pre-money valuation of more than $60 million. The round was led by Scaleup Mediafund, which is owned and supported by News Corp Australia, Network Ten, Nova Entertainment, and Fox Sports Australia, together with […]

Fail in high school and you are usually graded an F; the same is true of startups. Depending on who you ask, there are a multitude of reasons why startups fail. Each strand of startup DNA contributes its own reasons for failure, but all of them relate directly to one of the ‘3 Fs’: Founder […]