Peer-to-peer car sharing platform Car Next Door has completed an oversubscribed Series B funding round with a $5 million capital injection. [Related: Share a ride with Car Next Door’s Will and Dave: the duo challenging car ownership, Car Next Door seeking to double funding to accelerate roll-out of its sharing platform and Car Next Door secures $2.3m in […]
The Institute of Public Accountants (IPA) has called for the Federal Government to improve the financial outlook of SMEs by introducing a loan guarantee scheme and legislating maximum payment times for business-to-business transactions. In its 2018 pre-Budget submission, the IPA – a professional accounting body representing 35,000 accountants, business advisers, academics and students – made […]
As competition heats up in the venture capital space, it’s becoming tougher for VC firms to participate in funding rounds. Meanwhile, deep-tech startups face difficulties attracting ‘smart money’ in the seed stage because investors lack domain expertise and patience. These were some of the takeaway message from a panel discussion held at the Global Mobile Internet […]
Although it’s becoming easier for startups to raise capital in Australia, high-growth companies are hamstrung by a shallow pool of global talent, warned Alex McCauley, CEO of StartupAUS and lead author of the 2017 Crossroads Report. The report, a comprehensive review of the nation’s startup ecosystem, features a state-by-state brief on the progress of local startup […]
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 […]
As the innovation capital of the world, Silicon Valley has given birth to some of the world’s most successful start-ups. Organisations that have grown to be the big brands infiltrating every aspect of our lives – Netflix, Facebook, Apple, eBay, among them. There are many more. It makes you wonder, is there something in the […]
If Dr Stephen Snowdy had listened to the sceptics who told him “it can’t – or shouldn’t – be done”, he wouldn’t have made the leap from being a high school dropout to being the CEO of Visioneering Technologies (VTI), a US-based, ASX-listed contact lense maker. The venture capitalist and former US Navy serviceman spoke […]
Having an idea for a business is the start of what can be a very exciting journey, although in truth it may feel more like a rollercoaster ride at times. In particular, coming up with the funds to get the company off the ground at a time when money is tight can be challenging. Having […]
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 […]
Venture capital investment in Australia has reached $1 billion this financial year, according to a new report launched by Minister for Innovation, Senator Arthur Sinodinos. The Australian Private Equity and Venture Capital Association Limited (AVCAL) report, titled The Venture Capital Effect, reveals Australian VC funds a) raised a record $568 million in 2015-16 and […]
