Aussie event-meets-tech start-up, Venuemob, recently announced additional funding from investment group Sydney Angels, raising $530,000 in this second round of raising capital. This comes after the $450,000 raised during the initial November 2012 round led by Optus Innov8. Venuemob’s Ying Wang (pictured left with co-founder David Wei) said this second round of funding will help…
David Wei may be less famous for any company he co-founded than for the company that bought him out. That’s hardly a weak point, since his first business was Crowdmass, a specialty group-buying site, and the acquisition was made by Groupon. Yes, THAT Groupon.
Venuemob and 121cast were accepted into the 2012 Melbourne Accelerator Program run by the University of Melbourne’s School of Engineering; and last week became the only two (out of 10) to be funded by the Optus Innov8 Seed Program.
A group of experienced entrepreneurs and angel investors are rolling out a seed fund and incubator aimed at early stage startups in the Melbourne area. The venture, called AngelCube, is the first of its kind for Melbourne in recent memory.
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