MySpace raising $50 million to challenge Spotify, Pandora

11:40PM | Tuesday, 20 November 2012 |  MySpace will attempt to raise $US50 million to compete in the music streaming business against existing players Spotify and Pandora.

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

11:00AM | Tuesday, 20 November 2012 |  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.

Staff training key to rebranding: Zarraffa’s Coffee chief

11:32PM | Monday, 19 November 2012 |  The head of Zarraffa’s Coffee has highlighted the importance of staff training in the rebranding process, after the Queensland-based coffee franchise unveiled the overhaul of a chain of WA stores it recently acquired.

New business-only features spark renewed Pinterest

11:35PM | Friday, 16 November 2012 |  Start-ups could soon be looking at Pinterest with renewed interest, after the content-sharing service unveiled a new set of terms for businesses, designed to help them utilise the platform.

Sydney start-up Tapestry pockets $600,000 investment

11:00AM | Friday, 16 November 2012 |  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 |  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 |  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.

New Gold Coast co-working space opens its doors

11:02PM | Thursday, 15 November 2012 |  A new co-working space has opened on the Gold Coast after partnering with existing venue Gold Coast TechSpace, adding to the list of co-working spaces and incubators in the Sunshine State.

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

11:56PM | Thursday, 15 November 2012 |  Music streaming service Spotify is set to close a $100 million funding round that would value the company at $3 billion.

Abbott promises to double small business growth rate

11:51PM | Thursday, 15 November 2012 |  Federal Opposition Leader Tony Abbott has promised to double the existing annual rate of small business growth to 1.5% if elected.