Venture Capital



Foundry makes two start-up investments, looks to morph into VC fund

11:00AM | Tuesday, 20 November 2012 | Oliver Milman

Sydney incubator Foundry has revealed investments in two further start-up ventures, announcing that it is looking to raise up to $20 million to turn itself into a fully-fledged venture capital fund next year.

Sydney start-up Tapestry pockets $600,000 investment

11:00AM | Friday, 16 November 2012 | Michelle Hammond

Sydney-based tech start-up Tapestry, which has created a social media platform suitable for older people, has snagged $600,000 in a funding round led by Sydney Angels, having already won two grants from Commercialisation Australia and a national iAward.

Government gives game developers $20 million to play with

11:08PM | Thursday, 15 November 2012 | Michelle Hammond

Game developers will benefit from a $20 million fund unveiled by the Federal Government, on the back of research showing consumers spent $1.5 billion on interactive games last year.

Payments venture Braintree lands in Oz as eCommerce market heats up

11:05PM | Thursday, 15 November 2012 | Oliver Milman

US online and mobile payments platform Braintree, fresh from a $35 million fund raise, has launched in Australia, saying it is looking at the “blistering pace” of innovation in the eCommerce sector.

Spotify set to snag $100 million in $3 billion valuation

11:56PM | Thursday, 15 November 2012 | Michelle Hammond

Music streaming service Spotify is set to close a $100 million funding round that would value the company at $3 billion.

Naked Wines Australia raises $1 million via “angel” network

11:00AM | Thursday, 15 November 2012 | Michelle Hammond

Wine retailer Naked Wines has recruited more than 2,000 “angels”, who have raised $1 million to fund wine made by up-and-coming independent winemakers.

New Adelaide fund to raise $50 million for medical, defence and tech devices

11:08PM | Wednesday, 14 November 2012 | Michelle Hammond

A new investment fund is aiming to raise an initial $50 million from private and institutional investors both here and overseas in order to finance medical, defence and technology devices.

Optus Innov8 Seed Program sinks $700,000 into first Aussie start-ups

11:00AM | Wednesday, 14 November 2012 | Michelle Hammond

Venuemob and 121cast are the first Australian tech start-ups to receive funding from the Optus Innov8 Seed Program, pocketing $450,000 and $250,000 respectively for their innovations.

Travel start-ups set for a Perfect Trip with $150 million fund

11:54PM | Tuesday, 13 November 2012 | Michelle Hammond

The company that acquired trip planning app TripIt has launched a $150 million fund, which will be used to invest in start-ups focused on innovations in the travel and expense space.

US start-up raises $11.5 million for web-connected teddy bear

11:13PM | Monday, 12 November 2012 | Michelle Hammond

The struggles of the Australian toy market have been put into sharp focus by a US-based start-up founded by a former Pixar executive, which has raised $11.5 million for an internet-connected, artificially intelligent teddy bear.

Co-working growing pains

11:39PM | Monday, 12 November 2012 | Nina Hendy

Growing numbers of start-ups are shunning the home office in favour of a co-working space, but are they ever managing to go on to bigger and better things? BY NINA HENDY.

Aussie app Budge launches with $1 million investment

11:00AM | Monday, 12 November 2012 | Michelle Hammond

An app created in Melbourne that describes itself as a “micro-donation platform” has launched in Australia and the United States, having raised $1 million from investors including Seek co-founders Paul Bassat and Matt Rockman.

Google Ventures increases funding pool to $US300 million

11:21PM | Friday, 9 November 2012 | Michelle Hammond

Google Ventures will increase its annual funding pool from $US200 million to $US300 million, allowing it to invest in more later-stage financing rounds and in a broader range of companies.

Five Aussie start-ups looking to crack Obama’s America

11:38PM | Thursday, 8 November 2012 | Oliver Milman

Economic growth is set to be a key focus of Barack Obama’s second term as president. When it comes to seizing opportunities in the US market, these five Aussie start-ups say “yes we can”. BY OLIVER MILMAN.

Aussie start-up Tiggly guns for $200,000 US fundraise

11:00AM | Thursday, 8 November 2012 | Michelle Hammond

Tiggly, an iPad-inspired start-up, has launched a fundraising push in the US, including a listing on crowdfunding site Kickstarter, in a bid to secure $200,000.

Top 10 worries keeping Aussie start-ups awake at night

11:36PM | Wednesday, 7 November 2012 | Oliver Milman

Are cashflow concerns or marketing issues keeping you up at night? New research reveals you aren't alone. BY OLIVER MILMAN.

NSW Govt offers up $5,000 cash prizes for health-related apps

11:01PM | Wednesday, 7 November 2012 | Michelle Hammond

The NSW Government is calling on developers to create health-related apps as part of a newly launched competition, offering $5,000 cash prizes for the best apps in each category.

Aussie tech start-up Sprooki raises $464,000 from Singaporean incubator

11:00AM | Wednesday, 7 November 2012 | Michelle Hammond

A tech start-up founded by two former Fairfax staffers has raised $SG590,000 ($A464,000) in a round led by Singapore incubator Get2Volume, in partnership with a government-funded incubator scheme.

Bill Gates makes surprise investment in clean tech start-up LightSail Energy

11:36PM | Tuesday, 6 November 2012 | Michelle Hammond

Microsoft co-founder Bill Gates has made a rare investment in a start-up, pouring funds into US clean tech company LightSail Energy, in a $37.3 million funding round that also includes PayPal co-founder Peter Thiel.

The four potential pitfalls of crowdfunding your start-up

11:13PM | Tuesday, 6 November 2012 | Reece Walker

A growing number of start-ups are turning to crowdfunding as a source of finance. But be warned: From intellectual property to ASIC regulations, there are serious pitfalls for the unwary. BY REECE WALKER.