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 […]
Specialist advisers can now apply for grants from the Federal Government to help small business employers in metropolitan and regional areas take advantage of digital opportunities. As part of its Australian Small Business Advisory Services (ASBAS) program, the Federal Government will invest up to $18.02million over three years on the provision of low cost, high […]
Nearly US$560 million was invested in Australian startups, last year, a 1.4% increase on 2016; however, the number of investment deals fell 27%, according to a new report from KPMG International. The professional services giant’s latest Venture Pulse, a quarterly report on global venture capital investment, shows that Australian startups closed 17 deals, worth $121.55 […]
Seven companies have become the nation’s first crowd-sourced funding (CSF) intermediaries after receiving Australian Financial Services (AFS) licenses from the Australian Securities and Investments Commission (ASIC). Under the CSF framework, which commenced in September 2017, Big Start, Billfolda, Birchal Financial Services, Equitise, Global Funding Partners, IQX Investment Services and On-Market Bookbuilds have been authorised to […]
Agtech startup FluroSat has secured $1.5 million in funding for its crop health monitoring technology from CSIRO Main Sequence Ventures, AirTree Ventures, and strategic agricultural investors lead by CRDC. In addition to the equity funding, Flurosat has also secured several grants with the help of deep tech startup Cicada Innovations and its Growlab accelerator program. To […]
