Cryptocurrencies, and specifically digital currency offerings, have literally become the modern, investment market equivalent of the Wild West. Hundreds of prospectors have heard about the money on offer and are throwing caution to the wind, risking a lot (everything, in some cases) to make their fortune. It’s almost lawless territory and you need to keep […]
Named Australia’s ‘Accelerator of the Year’ at StartCon 2017, SheStarts returns for its sophomore series tomorrow (Tuesday, 30 January) with nine female founders, representing eight early-stage tech startups, taking part in the BlueChilli-backed program. The second SheStarts cohort includes Dr Annie McCauley (Talk-i-Wear), Andrez Coco (Knowlly), Karen Hind (Recall App), Danielle Owen Whitford (Pioneera), Laura […]
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 […]
Startup culture is booming in Australia, especially within the millennial marketplace. While creative freedom and drive is the backbone of many startups, it’ll likely take financial backing and investment for a business to reach its greatest success Some big ideas come at a large cost and the stability that a financial backer can supply to […]
Splend, Australia’s leading supplier of rental vehicles for the ride sharing drivers, has secured a $7.2 million investment from Element Fleet Management, positioning it realise the next phase of its global expansion plans. In exchange for the strategic investment, Element has secured a 12.5% stake in the two-year-old business, which previously received funding from Investec […]
The heated Sydney-Melbourne rivalry has played out over many years, with both cities laying claim to having the nation’s best coffee, culture, standards of living… well, the best of just about everything. But how do Australia’s two largest cities – and, more broadly, NSW and Victoria – stack up against one another in terms of […]
Cross-border payments startup Airwallex has received a US$6 million investment from VC firm Square Peg, bringing its total Series A capital raise to US$19 million The Melbourne-based fintech company previously closed its Series A funding round in May, having raised a combined US$13 million from Mastercard, Sequoia Capital China and the world’s fourth largest internet […]
Investors who back startups in the BlueChilli portfolio will now enjoy an immediate tax deduction plus capital gains tax exemptions. This follows a private ruling by the Australian Taxation Office (ATO) approving BlueChilli as the nation’s first accelerator program with Early Stage Investment Company (ESIC) accreditation. Under ATO rules, investors who have met the agency’s sophisticated […]
The rise of fintech has made investing more simple than ever and the housing affordability crisis has led to a lot of people, especially millennials, looking for alternative ways to grow their wealth. People are investing more and the rise of ethical investing shows that they’re becoming increasingly conscious of what they’re actually investing in. […]
The Australian Small Business and Family Enterprise Ombudsman has today released a study into factors impacting small to medium enterprise investment. According to Ombudsman Kate Carnell, SME investment is being impeded by limited access to capital as well as red tape and energy prices and that removing these barriers would “give them confidence to grow […]
