Oz Startup News – Tuesday, 18 December 2018


As 2018 is winding down news coverage is drying up. As a result, tomorrow (Wednesday) will be the final edition of Startup Soda for the year. We will be back with our regular coverage on Monday the 7th of January 2019.

Thanks for your support during the year and I hope you all enjoy the Christmas/New Year break.

Mergers changes to hit startups


The competition watchdog’s proposed changes to Australian merger and acquisition laws could damage local tech companies and their ability to reach an exit.
The ACCC released its much-anticipated draft report on its “world-first” inquiry into digital platforms this week, featuring several major recommendations.
The first such recommendation was for changes to Australian M&A laws to ensure that tech giants like Google and Facebook can’t use strategic acquisitions to stifle competition.


By Denham Sadler from InnoviationAus

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Good tidings we bring: The 10 biggest capital raises of 2018

It’s been a huge year for capital raising in Australia, with record-breaking raises galore and the creation of a new Aussie unicorn.
The past 12 months has seen three startups raise more than $100 million, and an additional five that have raised more than $50 million.

Here’s a recap of all the funding news from 2018…


By Stephanie Palmer-Derrien from Smart Company

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Startups — Are they good or bad for Australia?


Daniel Petre from AirTree Ventures asks if startups are good or bad for Australia?

He goes on to highlight the impact startups have on our economy, the job market and standing in the world and details what needs to happen for Australia to reap even more benefits from these high growth companies in the future.

By Daniel Petre from AirTree Ventures

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Melbourne direct-to-consumer luggage startup July launches with an eye on China

While the number of tools available has made selling online easier than ever, running a successful ecommerce venture is harder than it looks – particularly if you’re designing and manufacturing your own product.
Despite knowing about all the work involved, Athan Didaskalou, founder of coffee subscription business Three Thousand Thieves, and Richard Li, cofounder of online furniture retailer Brosa, decided to take on a new challenge and team up to develop a new venture, July.

Here’s more on their story.


By Gina Baldassarre from Startup Daily

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Perth venture capital firm funds two local startups

More than $2.5 million in cash and 15,000 Etherium have been poured into two start-up technology businesses by boutique, Perth-based venture capital firm Lateral Capital Ventures (LCV).

Soar, a cloud-based platform for sharing drone footage, images and maps has received the Etherium as well as commitments for A$2 million from sophisticated and institutional investors. While Unocart, the on-demand grocery delivery technology, reaped A$520,000 in seed funding.

By TechInvest

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Labor to ‘preserve’ R&D tax scheme


The federal opposition has pledged to “preserve” the research and development tax incentive after accusing the government of “wrecking” the popular scheme.
At the Labor Party’s national conference in Adelaide, the Opposition outlined a significant focus on technology and innovation in its draft platform, even unveiling a new “innovation agenda”.

By Denham Sadler from InnovationAus

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