Venture capital firms in the United States raised $20.6 billion from 182 funds in 2012, new figures show, with Australian start-ups among those that benefited from the surge in investment cash.
A US-based energy software accelerator is considering late applications for its second class of companies, chosen from around the world, after raising $1.2 million in an equity offering.
The federal government has delayed its response to a review into Australia’s venture capital industry, after previously indicating that it would outline its policy on the sector by the end of 2012.
Small businesses in the building and construction industries have until February 28 to take advantage of the federal government’s Kickstart program, which rewards employers with an additional $3,350 for taking on a new apprentice.
Sydney-based tech start-up Tapit Media plans to take its near field communications technology (NFC) to the global stage, after completing a $2.3 million Series A round led by MPC Ventures.
Queensland-based firm AMMA Private Equity has launched a $1.5 million capital raising to fund a start-up that offers a voice and texting service to smartphone users who are out of credit.
A failed Canadian start-up has turned heads after promising to return all remaining funding to its investors, with the move applauded by one local expert.
Independent mortgage lender Yellow Brick Road has raised $7 million to fast-track its growth strategy, including a new range of YBR-branded mortgage products through the franchise.
Federal Treasurer Wayne Swan at 2.15pm today announced the Federal Government will probably not achieve the promised budget surplus in the 2012/13 budget year.
Melbourne-based start-up SelfWealth has closed a $1.6 million capital raising via the Australian Small Scale Offerings Board, in what has been hailed as one of ASSOB’s most successful transactions.
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US-based platform AngelList is reportedly in the process of raising a major round of financing at a valuation that could top $150 million, with Google Ventures among the rumoured investors.
The NSW Government will introduce a $6.7 million initiative dubbed Innovate NSW, which will offer funding of up to $15,000 for around 250 businesses, as part of a wide-ranging plan to boost the state’s digital economy.
Digital advertising venture Rocklive has appointed Bruce Buchanan, the former group chief executive of Jetstar, as its new CEO, with the new boss also taking a substantial stake in the start-up.
Government body AusIndustry has opened its latest round of applications for the Textile, Clothing and Footwear (TCF) Small Business Program, which offers grants of up to $50,000.
Niche dating website 7pm anywhere is among the eight start-ups accepted into the 2013 Startmate program, which will include two demo days and a two-month stint in Silicon Valley.
Online reservation system Rezdy has snagged $300,000 from existing investors, adding to the $250,000 it raised earlier, but is already planning to raise up to $1.5 million in 12 months’ time.
The University of Sydney Union’s Incubate program has selected the eight successful start-up teams who will use $5,000 grants to develop their ideas over the university’s summer break.
Female entrepreneurs in high-growth sectors are being encouraged to submit an application to Springboard Enterprises, which aims to help them secure funding from local and US investors.
Up-and-coming export start-up Aussie Inc has received a major leg-up from global entertainment company Imagination, which has purchased a 50% stake in the business.