As investors look to diversify from struggling resources stocks, the technology sector is increasingly becoming a preferred destination for Australian capital.
BlueChilli last night launched its first venture capital fund of $10 million, with the aim to invest in vetted companies that have gone through its incubator program.
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.
Local services marketplace Oneflare has secured an additional $1 million in funding as the service begins preparations for international expansion.
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.
World-renowned startup accelerator Y Combinator is coming to Australia as part of Melbourne’s above all human conference put on by Startup Victoria.
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.
In a true, thriving startup ecosystem, venture capitalists understand failure, according to Steve Blank, the academic and entrepreneur who popularised the lean startup movement.
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.
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 approaches10:28PM | 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.
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 mass10:37PM | 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, the entity behind Melbourne-based bitcoin arbitrage fund Bitcoins Reserve, is set to list on the ASX next month.
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.
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.
Indooroopilly-based accelerator ilab is encouraging startups and entrepreneurs in regional Queensland to apply for its Germinate accelerator program.
Release management tool startup Octopus Deploy has secured $2 million in investment from database and .NET tooling company Red Gate Software.
Localz has raised £100,000 ($A187,000) after winning European omni-channel retailer John Lewis’ JLAB incubator program, taking its total seed funding just shy of $1 million.
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.