Funding & Finance Archives - Anthill Online
Monday, September 26, 2016

Funding & Finance

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

But as a professional CFO who has worked on both sides of the fence with Start-ups and Venture Capitalists, I can assure you that having a good CFO on board from an early stage, can make a huge difference in your company’s ability to cut through and succeed.

Mentorloop is a cloud based platform designed to make mentoring relationships easier to start, run and participate in for corporates, NFPs, government, universities and individuals themselves.

Investible, the leading startup generator that pairs entrepreneurial education with high quality investment capital, wants to empower more Australians to improve their investing skills and support top start-up talent.

Artesian Venture Partners recently announced the launch of Australia’s first Clean Energy Seed Fund. The $20 million seed fund includes a $10 million cornerstone commitment from the new $1 billion Clean Energy Innovation Fund.

“At One10, we receive so many pitches from people who get lost between the idea and the execution, lacking the skills or process to create a viable, sustainable and impactful business," said Veronica Munro, One10 CEO.

DoseMe, a privately held digital medical solutions provider, recently announced it had closed a $2.6 million Series A financing round, valuing the company at $20 million. The funding was secured from two veteran healthcare executives, Greg Spurgin and Gary Cunningham, both founders of leading US outpatient orthopaedic physical therapy company Results Physiotherapy.

Startupbootcamp received $600,000 for the first year (2016), with the potential of following up funding in the subsequent years. The funds will enable the opening of a hardware lab in Kydo, Melbourne’s IoT and Data Tech Startup Space and will provide the core funding for the launch of the accelerator program in 2017.

The home loan, from a leading Australian specialty lender, is available to start up business owners with no credit scoring. While there is a legal requirement to be able to service the loan and repay the debt – the loan’s terms and conditions are far more favourable to people with new or emerging businesses.

The biggest mistake you can make when pitching your company to a crowdfunding platform is to over-value your company. A good business idea is a powerful thing but without funding it will likely come to nothing. So don’t make the mistake of assuming the idea is worth more than the funding that will make it a reality.

Queensland cruise operator Frankland Islands Cruises, and New South Wales technology company Intersective are among the first Australian small businesses to benefit from export funding through the Small Business Export Loan, the latest finance offering for small businesses from Efic, Australia’s export finance agency.

The service, which is 100 percent online and free, will give small business owners access to a clearer picture of their financial situation and eligibility for a business loan.

Sendle is levelling the playing field for the 90 percent of Australia’s businesses who operate with less than 10 employees. Since launching over a year ago, Sendle has clocked 100 million kilometres of 100 per cent carbon neutral parcel delivery.

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.

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