Funding & Finance Archives - Anthill Online
Tuesday, August 30, 2016

Funding & Finance

Funding & Finance
News, opinions and advice on capital raising and finance strategy.

The funding will accelerate the launch of RedEye’s new workforce mobility solution, RedEyeWFM, which aims to help the business grow its share of the projected US$320 billion global enterprise mobility market.

Deliveroo, the global on-demand food delivery service, recently announced a AU$361 million Series E investment, led by Bridgepoint, existing investor DST Global, and General Catalyst with participation from existing investor Greenoaks Capital.

OpenAgent, a real estate website with the mission to make selling easy for Australian property owners, has announced it has successfully closed a A$12 million round of funding, led by ReInventure, with co-investment from Sydney VC Breakthrough Labs and Singapore based VC, Qualgro.

The term sheet sets forth all the terms and conditions of an investment. It is not, however, the definitive or legally binding document that an entrepreneur might ultimately sign, but rather a statement of intent.

Australian online legal disruptor, LegalVision recently announced that it had secured $4.2 million in capital for its Series B financing round, continuing its growth in the Australian legal market.

TheRight.Fit, a website connecting brands and agencies with creative freelancers and talent, has secured $750,000 in a seed capital raise from AirTree Ventures.

TruRating recently announced that it has raised AU$16.5 million in Series A funding, which will be used to further propel the company’s expansion into global markets and enable TruRating to further develop new technology to provide additional value to consumers.

Technology startup hub River City Labs has announced a three-year partnership with muru-D, the global startup accelerator backed by Telstra, to deliver the ‘River City Labs Accelerator Program’ after a successful pilot last year.

TechSydney is a not-for-profit enterprise led by some of Australia’s most successful and influential entrepreneurs and innovators who have a mutual determination to see Sydney boom onto the global tech stage.

Automated debt collection company ezyCollect has closed its oversubscribed capital raising at $1.25 million in a round led by Tank Stream Ventures.

Tax savings are a big business. According to the ATO, businesses deducted $2.5 billion in expenses in the 2013-14 financial year. At the top of the list was cost of sales, and at the bottom were motor vehicle expenses, demonstrating the activities that were more or less likely to be considered as a deductible expense.

Cross-border payments start-up Airwallex has strengthened its Melbourne and Chinese development teams and accelerated R&D of its international payments platform following a US$3 million pre-Series A investment round led by Shanghai-based VC Gobi Partners.

Botanix is a medical dermatology company developing new prescription medicines to treat serious skin diseases, including acne, psoriasis and atopic dermatitis.

The inaugural Optus Future Makers program, launched earlier this year, is designed to foster digital innovation that has the ability to change the social landscape.

The Venture, luxury whisky Chivas Regal’s search to find and support the most innovative startups from across the world, rewarded five social enterprises the remaining share of their $1million annual fund at their Final Event in New York City.

Jacopo Dondi recently launched a Kickstarter campaign to fund its first line of 24-hour watches. With everyone so busy trying to stay busy these days, a 24-hour watch makes you stop and think about how you’re using your time.

Two emerging Australian startups will have the opportunity to pitch at one of the world’s largest venture capital events after taking home the top two spots in the OTEC APAC 2016 Phoenix Pitch Competition.

A simple financial solution that allows users to manage their finances, including loans, repayments, budgeting and valuations, myprosperity.com.au is engineered with live feeds from the ASX, Redbook, Yodlee and RP Data, all via a secure online portal.

The wholesale trade, retail and construction industries are turning to non-bank business lenders when seeking funding, according to a survey conducted by loan matching app eBroker.com.au.

Venture capital is the lifeblood of many start-ups but this game is as unpredictable as it gets. According to former entrepreneur turned VC, Jeff...

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