Oz Startup News – Friday, 12 January 2017


Daily Digest

How to make sense of Canva’s $1 billion valuation


Unicorns are mythical creatures. Both in the ancient literature sense – and in the billion-dollar start-up sense.
Canva, a white-hot, Surry Hills-based design software start-up became the world’s latest “unicorn” this week – a private company valued at more $US1 billion.
Still, there are reasons not to get too carried away by the news.


By John McDuling From The Sydney Morning Herald

Today’s Featured Article….

The first Australian equity crowdfunding licences have been issued

Seven Australian equity crowdfunding platforms, including Birchal, OnMarket and Equitise, have received Australian Financial Services licences for crowd-sourced funding services, opening the door to a new form of funding for startups and businesses locally.


By Dominic Powell from Smart Company

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Fantasy gaming and media are the most popular vertical for Australian startups in the wider sportstech space

The Australian e-sports industry, already worth around $1.2 billion, is going to experience unprecedented growth in 2018.

Organisations like the AFL and NRL are rumoured to be getting onboard the trend, led by US sporting organisations like the NBA and NFL, in partnering with elite e-sports teams that compete in global gaming tournaments such as League of Legends, Counter Strike : Global Offensive and Battlefield 4.


By Mat Beeche from Startup Daily

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This Australian tech investor will be the first ASX-listed company to mine cryptocurrencies

Fatfish Internet Group will become the first ASX-listed company to “mine” cryptocurrencies such as Bitcoin.

The singaporean tech investor Fatfish is sinking $US1 million ($1.28 million) into a new Malaysia data centre set up to mine cryptocurrencies. It will start operation in two weeks.

By Business Insider

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Despite having only launched in January, last year, Checkbox has already amassed a small fortune of accolades. Notably, the Sydney-based regtech startup was named Regtech of the Year at the Australian FinTech Awards and Best SaaS Startup at StartCon in Sydney.

In this post the founder of Checkbox.ai sits down with Dynamic Business to discuss his plans for the future of the company.
By James Harkness from Dynamic Business

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Aussie influencer first: Vamp scoops Facebook accreditation

Sydney-founded Vamp is the first Australian influencer business to be officially recognised by Facebook as a ‘Marketing Partner’.

Vamp co-founder Aaron Brooks says the focus of the new Facebook partnership will be to focus on creating convenience for brands and working with new ad formats.
By Lindsey Bennett from Adnews

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Are you a great clean energy start-up? Origin wants you for its new global accelerator

Origin is searching for clean energy start-ups to join this unique accelerator program that will be hosted in Australia, Europe and USA and will connect start-ups with utilities that have more than 73 million customers in over 40 countries.

The first year of Free Electrons in 2017 has resulted in most of the twelve start-ups signing, or being close to signing, trial agreements.
By Anthill Magazine

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One Melbourne entrepreneur’s mission to clean up the world’s oceans

LUDOVIC Grosjean, founder of Melbourne-based startup OceanXGroup, wants to solve the problem of polluted waterways and oceans.

Grosjean’s mission is to clean up the world’s waterways with drone technology and, with his unique background as an engineer and oceanographer, he’s well placed to tackle the problem.
By Business News Australia

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