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Hackett investment has shifted Australian aviation app into full throttle

10:59PM | Friday, 24 October 2014 | Andrew Sadauskas

Aviation app developer Avsoft is gaining altitude across Australia, New Zealand and the US following an investment from entrepreneur Simon Hackett, with the company recently releasing an entry-level version of its CASA-approved app for Android devices.

Oneflare secures $1 million investment to fund UK expansion

10:29PM | Friday, 24 October 2014 | Andrew Sadauskas

Local services marketplace Oneflare has secured an additional $1 million in funding as the service begins preparations for international expansion.

Perth’s Spacecubed raises over $50,000 in crowdfunding for new Level 9 coworking space

10:24PM | Friday, 24 October 2014 | Andrew Sadauskas

Perth coworking space Spacecubed has successfully raised over $50,000 in a crowdfunding campaign to open up a new space on level nine of its main St Georges Terrace venue.

Y Combinator coming to Melbourne for the above all human conference

10:44PM | Thursday, 23 October 2014 | Broede Carmody

World-renowned startup accelerator Y Combinator is coming to Australia as part of Melbourne’s above all human conference put on by Startup Victoria.

Strength in diversity for muru-D’s second intake of startups

10:38PM | Thursday, 23 October 2014 | Kye White

Telstra-backed accelerator muru-D has announced the 11 startups that make up its second class, and they’re the most diverse batch of entrepreneurs co-founder Annie Parker has ever been involved with in such a program.

Venture capitalists need to better understand failure for an ecosystem to thrive, says Steve Blank

10:24PM | Tuesday, 21 October 2014 | Kye White

In a true, thriving startup ecosystem, venture capitalists understand failure, according to Steve Blank, the academic and entrepreneur who popularised the lean startup movement.

Rich Listers back app to the tune of $5 million to take on taxi industry

10:51PM | Monday, 20 October 2014 | Broede Carmody

A taxi booking app backed by the likes of Paul Bassat and James Packer has raised around $5 million over the weekend in a bid to further disrupt Australia’s $5.4 billion taxi industry.

Australian tech company taking market by storm, files for IPO

10:26PM | Friday, 17 October 2014 | Andrew Sadauskas

Aeeris, the company that operates Australia’s only national location-based weather and hazards early warning service, is seeking to raise $6 million through an initial public offering (IPO) on the ASX.

ScriptRock cofounder tells entrepreneurs to “have an open mind” at startup events as Tech23 approaches

10:28PM | Friday, 17 October 2014 | Andrew Sadauskas

The cofounder of Australian IT DevOps company ScriptRock, Mike Baukes, says an open mind is the key to getting the most out of startup events such as Tech23, which can be an important networking opportunity for emerging entrepreneurs.

Satoshi’s living room, no more: ATO bitcoin guidance forces startup to shelve operations

10:19PM | Thursday, 16 October 2014 | Kye White

Brisbane-based bitcoin BPAY startup Living Room of Satoshi has suspended operations, after the Australian Tax Office’s decision to treat bitcoin as property made its business model impractical.

Four health tech startup competition finalists take home a $10,000 prize, as local sector gains critical mass

10:37PM | Tuesday, 14 October 2014 | Andrew Sadauskas

The four finalists for the inaugural Janssen Health and Technology Challenge (HaTCH) have been named, with one of the judges saying Melbourne, in particular, is close to developing “a critical mass of ideas”.

Bitcoin Group aims to raise $20 million with ASX listing

10:06PM | Tuesday, 14 October 2014 | Kye White

Bitcoin Group, the entity behind Melbourne-based bitcoin arbitrage fund Bitcoins Reserve, is set to list on the ASX next month.

Australian VCs unable to provide later stage funding rounds

10:09AM | Thursday, 9 October 2014 | Kye White

There are no venture capitalists in Australia that will fund a capital raising round of more than $20 million, forcing companies at a later stage to go overseas, says Starfish Ventures’ Justin Roberts.

Startup Catalyst aims to encourage young technical talent

10:54PM | Tuesday, 7 October 2014 | Kye White

The Startup Catalyst program is attacking what its organisers see as one of the Australian startup ecosystem’s biggest problems, a lack of young technical talent.

ilab seeks startups in regional Queensland for Germinate accelerator

10:51PM | Friday, 3 October 2014 | Andrew Sadauskas

Indooroopilly-based accelerator ilab is encouraging startups and entrepreneurs in regional Queensland to apply for its Germinate accelerator program.

Octopus Deploy gets set to unfurl its tentacles after $2 million investment from Red Gate

10:48PM | Thursday, 2 October 2014 | Kye White

Release management tool startup Octopus Deploy has secured $2 million in investment from database and .NET tooling company Red Gate Software.

Capital raise puts micro-location startup Localz closer to leaving its mark on legacy technology

10:53PM | Thursday, 2 October 2014 | Kye White

Localz has raised £100,000 ($A187,000) after winning European omni-channel retailer John Lewis’ JLAB incubator program, taking its total seed funding just shy of $1 million.

Recent funding success signals a shift in the availability of VC for Australian startups

10:44PM | Wednesday, 1 October 2014 | Kye White

A number of Australian startups raising significant funding in recent months is a result of the globalisation of venture capital and Australia’s reputation as a startup creator, say investors.

Taxi app Ingogo raises $9.1 million, with $1.2 million through crowd equity

9:59AM | Tuesday, 30 September 2014 | Kye White

Australian transportation network and mobile payments startup Ingogo has raised $9.1 million, as it increases its focus on mobile payments, ahead of a planned ASX listing next year.

Tinybeans sprout with a $2 million capital raise

9:00AM | Tuesday, 30 September 2014 | Kye White

Tinybeans, a social network that has amassed 500,000 users in its two years since launch, has raised $2 million.

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