The Turnbull Government has drafted legislative reforms to support investment in innovative fintech companies by venture capital and angel investors, Treasurer Scott Morrison has announced. Released yesterday for a public consultation period ending Friday, 10 November, the exposure draft of the Treasury Laws Amendment (2017 Measures No. #) Bill 2017 proposes amendments to the Tax […]
The NSW Government is establishing a $150 million equity fund to allow it to ‘buy a stake’ in top performing businesses across the state, Deputy Premier John Barilaro has announced. Barilaro said the GO NSW Equity Fund, which is being established in partnership with First State Super, would see the Government take an equity […]
When GO1 raised our first seed round I went into negotiations knowing next to nothing about raising funds. But on the other side of the table, the investors that I spoke to did this every day. And that makes it dangerous. One of our first investors turned out to be a shark. Fortunately for us […]
Sydney-based fintech startup zipMoney (Zip) has secured a $40m equity investment from Westpac as part of a strategic alliance with the ‘Big 4’ bank. The investment follows the announcement, in May, that Zip – a provider of point-of-sale credit and digital payment services – had secured a $260m debt facility with $200 million in funding from […]
Three in four SMEs (76%) have invested in technology over the last 12 months to boost their innovative capacity, according to research undertaken by cloud accounting provider MYOB. Other key findings from MYOB’s latest Business Monitor, which involved a survey of more than 1000 business owners and directors, also found that: Almost a third of […]
Female founders are outnumbered three to one in Australia’s startup ecosystem because they often lack the support of a strong network of ‘door openers’, according to Fiona Boyd, the CEO of Heads Over Heels. She explained that Head Over Heels, an Australian not-for-profit founded in 2010, provides female entrepreneurs with a “powerful platform” to scale – and […]
The mantra of many successful entrepreneurs is the idea that you must spend money to make money. It is also one of the biggest reasons that some people fail to act on their business aspirations, because they believe that they don’t have the money required to take their business to the next level. I believe […]
The engineers behind rapid-growth mattress startup Sleeping Duck dived into the Shark Tank this week, but surfaced without a deal, after knocking back offers, worth half a million, from both Andrew Banks and Steve Baxter. As they told Dynamic Business, the ‘deal breaker’ wasn’t the equity each shark demanded; rather, they weren’t convinced either could […]
Sydney-based startups EFTsure and Assignar have secured a combined $5 million in Series A capital, this month, from Our Innovation Fund (OIF), a new VC firm building a $50m portfolio of early-stage tech businesses. Founded in late 2016 by investors Geoff Levy, David Shein and Jerry Stesel, OIF is – Levy told Dynamic Business – a […]
In the process of completing a $100 million Series D round, US cybersecurity start-up CrowdStrike, which expanded into Asia Pacific last year, has onboarded Telstra Ventures as a new investor. Led by existing CrowdStrike investor Accel, the Series D Round brings CrowdStrike’s total funding to $256 million, with a valuation of over $1 billion dollars, […]
