Tech-focused venture capital fund Tank Stream Ventures recently announced the first close of their $20 million fund and that they now have a full war chest ready to invest in hot new Australian tech start-ups – with new pathways to take them into Chinese market. They want entrepreneurs out there to reach out to them….
Australia’s first hyper-local social media network, Nabo, recently successfully completed an additional round of funding from investors Seven West Media and Reinventure, an independent venture capital firm backed by Westpac. The amount raised in this round remains undisclosed though. Nabo enables residents, community organisations and community groups online to instantly and directly connect with others…
Your big idea has got to start somewhere, and that somewhere usually involves some start-up capital. Starting up a business often involves large costs initially which can be difficult to manage alone. Add to this location, staff, budgeting and planning and starting a business could become an emotional rollercoaster. For this reason many entrepreneurs consider…
Sydney-based crowdsourcing marketplace DesignCrowd recently hit a remarkable milestone of $20 million worth of payments to its designers. Now the most astonishing bit is that it took six years to get to $10 million last year and now, just one year later, the start-up has doubled that! “Last year we hit $10 million in payments,…
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…
Finance app Pocketbook has reached the impressive milestone of 100,000 users in Australia following six months of some really rapid growth. These guys are on fire – this milestone comes within just seven months of reaching 50,000 users (and it’s worth noting that they have reached 100,000 users twice as fast they reached 50,000) and…
Many local start-ups, especially those past the seed stage investments, have had to seek funding beyond Australia’s borders. Determined to change this, venture capitalist Mark Carnegie will host the second edition of his live pitching event, Carnegie’s Den, where eight to ten start-ups will face a panel of five investors on May 2. Two start-ups,…
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