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New report finds $83 billion funding gap for Australian small businesses—but most business owners...
Australian small and medium sized businesses (SMEs) are facing a “funding gap” of around $83 billion but the vast majority of business owners do not trust the Big Four banks to do the right thing, a new report says.
Statistics show female entrepreneurs get awarded funding at a disproportionately smaller rate than their male peers, even though women who receive venture funding bring in 12% more revenue than male-owned tech companies and are likely to have greater success overall.
With the FarmWizard acquisition, AgriWebb is positioned to develop a more advanced farm management product suite that will consolidate FarmWizard’s dairy and individual animal management functionality with AgriWebb’s existing cloud-based livestock herd management software.
The panelists also included Edwina Sharrock, Birth Beat founder and Tank Stream Labs & Slingshot HCF Catalyst Program Alumni who will be featuring on the final episode of Shark Tank and James Willis, owner & founder of The Mason Baker, who appeared live in Shark Tank and received investment from Andrew Banks and Naomi Simson.
Social networking app Travello raises AUD$5 million to build the world’s largest online community...
Founded in 2015 by two footy mates from northern Queensland, Travello connects travellers from all corners of the globe, recommends experiences and allows users to browse and book more than 50,000 activities. The social networking app is currently used by more than 350,000 travellers in 180 countries. In July 2018 alone, Travello recorded 1.8M events on the Travello feed.
Student marketplace and payments app, QPay, has secured a $1 million cash injection after funding from the Sydney Angels Sidecar Fund 2 was supplemented by a $380,000 combined investment by Steve Baxter and Naomi Simpson in exchange for 8.4 per cent of the firm’s equity during the recent episode of Shark Tank.
The blockchain takes the concept further, allowing companies to raise funds on the blockchain by issuing tokens, or crypto securities, of some value in the company or that provide utility.
Online subscription platform GiggedIn is transforming how live music and entertainment is consumed by making it more affordable, easier and accessible for Australians, particularly millennials, who love the nightlife.
AmazingCo, a data-driven experiences platform, recently announced a $2.3 million raise led by Rampersand VC, including Macdoch Ventures, Aconex’s founders Leigh Jasper and Rob Phillpot, Luxury Escapes co-founder Adam Schwab and Richmond AFL captain Trent Cotchin.
Australian venture capital (VC) invested in Australia hit a record US$630 million in the 2017/18 financial year, according to Venture Pulse Q2 2018, the quarterly global VC trends report published by KPMG.
The company, which has been consistently doubling revenue each year, will use the new round of capital to support continued growth and expansion in the United States. Its impressive client list includes Facebook, Google, Unilever, Diageo, HP and Citibank.
The raise was led by Bell Potter, one of Australia’s largest full-service stockbrokers. The raise was focused on dramatically accelerating Credit Clears' technology and product functionality to scale its impact and to expand its disruptive payment technology in to the United States.
Alternative assets crowdfunding platform VentureCrowd recently announced the first ever crowdfunding exit of a startup in Australia through an equity crowdfunding platform with the listing of transfer comparison site Jayride.com.
The seed round will be used to fund the market launch of PREPD – a new range of hydration-boosting drinks set to revolutionise endurance sports performance. PREPD is backed by more than 20 years of ground-breaking medical research, which originally focussed on improving severe dehydration in children living in developing countries.
Samuel Raciti, Taxify's Country Manager for Australia, “This investment round is very exciting news for Taxify in Australia as it means we can accelerate our growth by further expanding our local operations."
With Australia’s short-term rental market now contributing an estimated $6 billion to the Australian economy and creating over 40,000 full-time jobs, MadeComfy’s growth and this new round of investment shows market confidence in a vital, growing industry.
Whether you’re looking to do an ICO or traditional funding, the mastery of being able to deliver a succinct, informative and compelling elevator pitch is essential to getting the right people interested in you.
Cavalry Freelancing is well on the way to cementing its position as the leading freelance marketplace for the creative, digital and communications industries after successfully raising seed funding and smashing all initial growth targets.
According to David Thomas, "The Australian China SME Association has forged a ground breaking alliance with The Guangdong SME Association in China and many of its members have strong interest in investing in new technology and solutions from overseas.
Fintech start up, Athena, has closed a Series A raise of $15 million with investment backing from Macquarie Bank, Square Peg Capital and Apex Capital. This follows on from an earlier $3 million seed round closed in June 2017.