Oz Startup News – Wednesday, 7 February 2018


Daily Digest

Australian VC firms band together to support female founders as local diversity stats beat out global average

Some of Australia’s most prominent venture capital associations have banded together to show their support for female founders through a series of one-on-one coaching sessions on March 8, International Women’s Day.
Called “Office Hours”, the initiative will offer 20, one-hour slots to female founders in the Sydney area, inviting them to the Fishburners co-working space to receive advice and discussion from 12 women from Square Peg Capital, rampersand, Airtree Venture Capital, Blackbird Ventures, Reinventure, Blue Sky Ventures, Giant Leap, and Bailador.

By Dominic Powell from Smart Company

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Australian car sharing platform Car Next Door just raised $5 million

Startup Car Next Door closed a Series B capital raise oversubscribed at $5 million with Caltex, venture capitalist Roger Allen, Trevor Folsom’s early-stage investment group, Investible, and Shark Tank’s Steve Baxter as investors.
Baxter backed the peer-to-peer car sharing platform with $300,000 in funding for a 4% stake when the startup appeared on the Shark Tank television show in 2015.

By Chris Pash from Business Insider

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The Beginner’s Guide to Mastering SEO for Your Startup, No Consultants Needed

Queensland Urban Utilities – responsible for the water supply and sewerage services for more than a quarter of Queensland’s population – is running what it claims to be the first hackathon focused solely on the Australian water industry.

The Queensland Government statutory authority is running the hackathon over a weekend later this month to bring together “developers, designers, engineers, scientists and everyone in between … to hack water industry challenges”.


By CIO Magazine

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Woolworths, Coles in sights of disrupter Marley Spoon

The chief executive of fresh ingredients and meal kit company Marley Spoon says investors are under-estimating the amount of disruption which will occur at supermarket giants Woolworths and Coles as more time-poor households use the service which dramatically cuts wastage of fresh food.
Fabian Siegel, a co-founder of the business which operates in Europe, the United States and Australia and is currently selling about 400,000 meals with recipes each month in the Australian market

By Simon Evans from The Australian Financial Review
(Google Link)

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NAB takes stake in ActivePipe real estate software

National Australia Bank is planning to deploy predictive data analytics to indicate when mortgage broking customers are preparing to buy or sell a house, after its venture capital fund invested in a company that makes software automating real estate agent marketing.
By James Eyres from The Australian Financial Review
(Google Link)

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GetSwift director resigns as shares remain in trading halt

Shares in GetSwift (ASX: GSW) remain in a trading halt as the under-fire logistics software company announced its newest director had resigned from the board after just two months.

Nevash Pillay was the subject of an ASX query last week to GetSwift regarding a late submission to a change of director’s interest notice
By Ben Hall from Dynamic Business

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How to Patent an App and Protect Your Intellectual Property

Have you developed a mobile application?  It is a fast-paced industry and one that many inventors and app developers alike are keen to enter.

For this reason, you should consider patenting your app to ensure your intellectual property (IP) is well-protected. This article explains how to patent an app as well as your alternative protection measures if you choose not to go the patent route.
By Sophie Glover from Legal Vision

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Data and analytics startup Nuonic raises strategic funding from KPMG Australia

Northern NSW startup Nuonic has today announced it has received strategic investment from, and launched an alliance with, KPMG Australia.

The amount invested by the consulting giant was not disclosed, but it brings the total raised by the startup to date to $1.3 million, with KPMG Australia joining fintech company InLoop as a backer. The fresh funding will go towards expanding Nuonic’s development teams in NSW and Brisbane and, in turn, accelerating product development.
By Startup Daily

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Creative Talent Marketplace theright.fit Finds Investor In QUT Creative Enterprise Australia

QUT Creative Enterprise Australia (CEA) has announced its investment in creative talent marketplace theright.fit, founded by award-winning tech entrepreneur Taryn Williams.

Launched in 2016, theright.fit is used by major advertising agencies and brands such as Veuve Cliquot, Toyota, Menulog, LG, and AAMI Insurance.
Playing into the gig economy trend, the site allows its users to post a job scouting for creatives like photographers, models or make-up artists with the budget posted alongside.
By Ruth Thomas from Bandt

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