Foodbomb, a wholesale food platform for the food service industry in Australia, recently announced a AU$1.4 million investment led by EVP Fund II. The financing will be used to significantly bolster the product and development team to further disrupt the wholesale food procurement and ordering process with Foodbomb’s ultimate goal being to own market share…
It currently compares in excess of 10,000 products and services from more than 350 brands, including household names like Lorna Jane, Running Bare, Swisse, Adidas and Goodlife.
Launching the Mills Oakley Innovation Accelerator, Mills Oakley Chief Executive, John Nerurker, said the firm would provide up to $500,000 to support viable ideas through incubation and commercialisation.
Travel booking giant Expedia has made a $700 million take over offer for Expedia. With Wotif’s falling revenues, the offer has been deemed attractive by its Board. The company announced a $43 million profit for the 13/14 financial year. This is down from $51 million last financial year and, $58 million the previous year. Shares…
Jethro Batts was working for one of Australia’s largest campervan companies when he ventured out on his own to create a website for vanners to find a place to park without being fined – be it in a campervan park, national park, free park, hostel or a private property. He got the wheels in motion…
Ventures in Digital Media, which calls itself a venture ‘catalyst’, is ratcheting up its profile with a full-fledged acquisition, the first since its founding. The specialised consulting and venture firm bought Amplify, a digital media integrator that is clearly joined at the hip with ViDM – an analogy that works in more ways than one….
On Wednesday during the Launch of Napkin Competition at the University of Melbourne, a student audience asked the two speakers “Is it worth pursuing a market where no gap exists and is already saturated by competitors?”
While most new technology developers will spend months chasing down angel investors and cold calling VCs, often with the randomness of a headless chook, without too much planning or forethought (much to the potential investor’s frustration), sometimes the safest money is already right under their noses. It’s called ‘strategic capital’ or ‘smart money’ (or a mix of the two).
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