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-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.
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.
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.
Music streaming service Spotify is set to close a $100 million funding round that would value the company at $3 billion.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
Are cashflow concerns or marketing issues keeping you up at night? New research reveals you aren't alone. BY OLIVER MILMAN.
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.
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.
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.
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.