Funding for Australia’s start-ups and young technology companies rose 46 per cent year-on-year to $1.1 billion in the September quarter, dominated by raises for three fintechs, according to a study of 170 funding events.
Growth-oriented technology companies less than 10 years old are monitored for the study by Perth-based start-up data and directory provider Techboard.
A trend towards fewer, larger fundraising events was identified by Techboard, with five valued at over $50 million closing in the September quarter alone after only four occurred in the whole of 2017-18.
By Michael Bailey from The Australian Financial Review
Emesent, a drone autonomy spin-out from CSIRO’s Data61, the technology arm of Australia’s national science agency, has raised $3.5 million in venture capital to commercialise its first product, Hovermap.
Main Sequence Ventures, which manages the CSIRO Innovation Fund, led the funding round, along with long-time Bechtel mining executive Andy Greig.
By Anthill Magazine
Atlassian co-founder Mike Cannon-Brookes has called for Australia to reinstate the controversial carbon price, as he pushes to influence government policy with his new green energy campaign.
Mr Cannon-Brookes said the “movement”, dubbed Fair Dinkum Power, would put forward policy suggestions around renewable energy ahead of the upcoming election
After two decades of development, a new Adelaide-developed sports drink is finally ready to hit the shelves.
Developed after 20 years of medical research between Adelaide’s Flinders University and Yale University, PREPD will launch to the Australian market today.
By Business News Australia
The search is on for tomorrow’s innovators and entrepreneurs to take part in next year’s Curtin Accelerate, a free, 10-week program to develop an invention or a new business idea.
Applications for the program, which offers tailor-made guidance and support to prepare concepts for commercial success, are now open to Curtin’s alumni of more than 230,000 graduates around the world, as well as staff and students.
The family company of well-known West Australian Ian Green, a former owner and Director of Gull Petroleum, has taken just over a 10% stake in QuizJam, a gamified marketing technology and engagement platform.
In the latest round of funding and further proof QuizJam is gaining considerable momentum, the Greens invested $590,000 on a pre-money valuation of $5 million. Platform Advisory Partners managed the capital raising which looked to raise $700,000 but was oversubscribed with $810,000 raised.
By 61 Bit
EVENT: TechSydney Sundowners presented by AirTree
We all know how hectic startup life can be. Taking time out to catch up with people from our local tech community, who truly get that, can make a big difference.
So come join TechSydney for some casual drinks this Thursday at 5:30pm at Redoak Boutique Beer Cafe, 201 Clarence St, Sydney
Cam Northway, one of Australia’s most experienced and knowledgeable beverage experts, is launching a new tech startup, Cocktail Porter, the quenching solution that discerning fans of premium drinks have been waiting for.
Home delivery of premium goods and services is the hot new trend, alongside a shift in consumption from quantity to quality. Seeing this, international drinks expert and hospitality entrepreneur, Cam Northway, has leveraged almost two decades of experience in creating premium cocktail experiences to establish Cocktail Porter.
By Anthill Magazine
Sunshine Coast to host accelerator program for startups in connectivity sector
Queensland’s Sunshine Coast is to become home to SunRamp, an accelerator program focused on the connectivity industry, backed by Boulder-based organisation CableLabs.
CableLabs, an innovation lab for the cable and internet connectivity industry with over 60 global member companies, has created UpRamp, an initiative to work with startups in the sector. UpRamp will power SunRamp Australasia on the Sunshine Coast.
By Startup Daily