Venture Capital



Opmantek’s Mexican adventure helps it to $700k fund raise

3:27PM | Monday, 25 March 2013 | Michelle Hammond

Queensland-based IT start-up Opmantek has raised more than $700,000 via the Australian Small Scale Offerings Board, one year after partnering with a Mexican telco giant.

Rubbery figure? Bill Gates offers $1 million to create “next generation” condom

3:52PM | Monday, 25 March 2013 | Michelle Hammond

Bill Gates has set entrepreneurs an unusual but potentially lucrative challenge: create a “next generation” condom in return for US$1 million in funding.

University of Sydney start-ups set to Incubate with $1 million funding

3:00AM | Friday, 22 March 2013 | Michelle Hammond

Student start-ups accepted into the University of Sydney’s Incubate program have raised more than $1 million in funding, as well as struck up a partnership with BlackBerry.

Beach Burrito wolfs down $3 million for nationwide expansion

3:04PM | Thursday, 21 March 2013 | Michelle Hammond

It seems there’s still room in the market for more Mexican food venues, with NSW-based chain Beach Burrito planning to grow its network to 30 stores after receiving more than $3 million from Blue Sky Private Equity.

Pollenizer seeks to raise $5 million for Aussie and Asian start-ups

3:32PM | Wednesday, 20 March 2013 | Michelle Hammond

Online venture builder Pollenizer has launched an Information Memorandum in a bid to raise $5 million from investors, as it seeks to fund more start-ups in Australia and south-east Asia.

NSW start-up TiimFocus warns Facebook co-founder: We’re coming for you

3:23PM | Wednesday, 20 March 2013 | Michelle Hammond

A tech start-up based in Wollongong is taking aim at task management venture Asana, which was created by Facebook co-founder Dustin Moskovitz, after raising $800,000 from angel investors.

Design start-up Canva raises $3 million after kitesurfing in Hawaii

3:15AM | Wednesday, 20 March 2013 | Michelle Hammond

Sydney-based start-up Canva has raised $3 million from a host of high-profile investors, including Bill Tai and Lars Rasmussen, after attending Tai’s kitesurfing camp in Hawaii.

Launch a start-up like a rock band at SXSW

3:21PM | Tuesday, 19 March 2013 | Rebekah Campbell

While visiting the SXSW festival in Austin, Texas, it became apparent that rock music and start-ups have more in common than you might think. Here are six sonic tips to boost your business.

Meet the Perth start-up that’s raised $2.5m after being kicked off Kickstarter

3:08PM | Tuesday, 19 March 2013 | Michelle Hammond

Perth-based start-up Virtual Gaming Worlds has secured $2.5 million in funding after being “unceremoniously” booted off US-based crowdfunding platform Kickstarter.

Start-up Australia: The movement that’s looking to revamp a nation

3:57PM | Tuesday, 19 March 2013 | Mick Liubinskas

Australia’s tech start-up community has set itself a radical goal – to create 20% of national GDP by 2033. Here’s its plan to put innovation and fresh thinking at the forefront of the Australian economy.

Meet the Startmate class of 2013 – part two

3:46PM | Tuesday, 19 March 2013 | Oliver Milman

Yesterday, StartupSmart profiled three businesses joining the Startmate incubator this year. Here are two more innovative start-ups from the class of 2013.

Meet the Startmate class of 2013 – part one

3:05PM | Monday, 18 March 2013 | Michelle Hammond

For many in the tech industry, Startmate is considered the gold standard of Australian incubators. Here's a look at their class of 2013.

Bitcoin: the start-up that could spell the end for paper money

3:41AM | Friday, 15 March 2013 | Oliver Milman

A US-based venture called Bitcoin, which enables easy financial transactions, is threatening to do away with the cash economy, according to excitable anti-banker analyst Max Keiser.

Google to examine Australian start-up scene for StartupAUS project

3:47AM | Friday, 15 March 2013 | Michelle Hammond

Google has commissioned PricewaterhouseCoopers to gather data on Australian tech start-ups, and has already released preliminary findings, after partnering with five well-known Australian tech entrepreneurs including Matt Barrie.

Blackbird Ventures rolls out $30 million start-up fund

3:00AM | Friday, 15 March 2013 | Michelle Hammond

Blackbird Ventures is determined to offer Australian start-ups much-needed Series A funding rounds, after announcing the formation and first close of its $30 million venture capital fund.

Why large Aussie investors are failing our nation’s start-ups

3:39PM | Thursday, 14 March 2013 | Jeremy Colless founder Matt Barrie recently caused controversy by calling the Australian VC sector “dead”. Is there any truth to his alarming comment?

Pre-launch start-up TheBestDay scores $1.1 million in funding

3:33PM | Wednesday, 13 March 2013 | Michelle Hammond

Young entrepreneur Whitney Komor has scored $1.1 million from OneVentures and Sydney Angels for her social planning start-up TheBestDay, which is still months away from launching.

US investor pitching competition – five top tips from finalists

3:26PM | Wednesday, 13 March 2013 | Michelle Hammond

The co-founders of two start-ups have offered their top tips on pitching, after their businesses were selected as finalists for General Assembly’s Pitch to a US Venture Capital Firm Competition

Brisbane unveils plan to join the start-up heavyweights

3:00AM | Tuesday, 12 March 2013 | Michelle Hammond

Brisbane City Council will offer grants to budding entrepreneurs with promising digital potential as part of an ambitious plan to propel the city into the multitrillion dollar global digital economy.

Byron Bay Cookies' $13 million business crumbles into administration

3:53PM | Monday, 11 March 2013 | Cara Waters

The manufacturing arm of the Byron Bay Cookies has been placed into voluntary administration.