Social networking startup Gather Online, which markets itself as ‘Snapchat for groups’, has accepted a $1 million seed investment from Brett Dawson and onboarded the former Dimension Data CEO as the chairman of its board. Based in Sydney, the social discovery and messaging platform boasts 40,000 active daily users and has now raised $2.5 million […]
Equity crowdfunding is a relatively new way for Australians to invest. It’s a smart way to collect donations for a charity cause or raise capital for new products and with recent changes to Australian investment laws, crowdfunding platforms can now be used to raise equity capital for a business startup. [Related: Aspiring ‘neobank’ Xinja raises $2.4m […]
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 […]
For this week’s “Let’s Talk…” feature, we asked nearly a dozen thought leaders, including startup founders, to discuss how they celebrate success in their businesses. ‘School-style’ awards, wine and cheese afternoons, a whole-of-company trip to Bali, recognition on social media, hot air ballooning and the sounding of a gong were amongst the celebratory traditions named. […]
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 […]
‘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 […]
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 […]
When startup founders first get up and running, they must, of out necessity, be lean and nimble – and that keeps them sharp. As resources become less scarce, it will become more and more challenging for founders and their teams to embody these qualities. In turn, this may lead them to lose sight of what […]
