StartupAUS and the Australian Private Equity and Venture Capital Association (AVCAL) have called on the federal government to ensure adequate funding is provided to the Commercialising Ideas stream of the Entrepreneurs’ Infrastructure Program.
Five Canberra-based businesses have been accepted into the inaugural 2014 GRIFFIN Accelerator program.
Short-term loan provider Nimble has closed a $10 million funding round which will be used for loan funding, improving its technology platform and customer experience, and marketing.
LIFX, the innovations company behind the award-winning Wi-Fi enabled, multi-color LED light bulbs, today announced that it has partnered with Sequoia and raised $12m in Series A funding.
Brisbane startup BDS.com.au has raised $500,000 in angel investment to increase market awareness and uptake of the company’s Zippy app and accelerate the development of its Bluetooth Low Energy beacon technology.
Google has partnered with incubator Fishburners, in a six figure deal, to implement its startup outreach program Google for Entrepreneurs to help facilitate the growth of the startup community.
Bitcoin miners will self-regulate to ensure no single entity will control more than half of the computational power required to mine new digital coins, according to Sam Lee, co-founder and chief executive officer of the world’s first arbitrage investment fund, Bitcoins Reserve.
It’s been billed as one of the startup events of the year, but on Tuesday night it will become apparent whether or not Oxygen Ventures’ $5 million Big Pitch event is as lucrative as advertised, or a funding equivalent of vaporware.
The Corporations and Markets Advisory Committee (CAMAC) has called for the government to make it easier for Australian businesses to raise capital through online crowdfunding platforms.
New York-based Great Oaks Venture Capital has invested $US750,000 ($A807,000) in Australian startup ImageBrief, bringing the company’s total funding to date to around $A3.44 million.
Peer-to-peer lender SocietyOne will launch one of Australia’s lowest interest rates for personal loans.
Spreets co-founder Justus Hammer and StyleTread co-founder Bjorn Behrendt have joined Australian online jewellery startup Gemjoli as advisory board members.
Disruptive Investment Group (DVI) has negotiated an option to increase its stake in bathroom component manufacturer and e-commerce startup Allure Bathrooms to 50%, in exchange for $2 million of growth capital.
Jack Ma likes kung fu novels and singing karaoke. He's also about to float the company he founded on Wall St for billions of dollars.
After operating for 10 years, Australia’s largest platform for finding tradespeople, hipages.com.au has secured $6 million of investment.
AVCAL supports the federal government’s decision to extend the consultation period for proposed changes to super fund rules that, if implemented, could have a negative impact on startups.
Future Capital Bitcoin Fund has launched a $US30 million fund which will invest in companies that are leveraging services based on bitcoin and other crypto-currencies.
The quality of applicants involved in the first Carnegie’s Den event of the year is a significant improvement on those in the past, thanks to partnerships with startup incubators, according to event organisers.
Opening a venture capital branch seems to be the new “thing” in the corporate world. But why are so many companies, across a range of sectors, now running to open their own VC funds?
Cyber-espionage is up again in the 2014 report, representing a more than three-fold increase compared with the 2013 report, with 511 incidents partially due to a bigger dataset.