Monthly Archives: February 2018 Back

Sex industry blockchain startup intimate raises $4.5 million in pre-sale ahead of full ICO next month

An Aussie blockchain startup focused on solving issues inherent in the adult industry has raised $4.5 million in a token pre-sale and is gearing up for a further $24 million raise in March. The startup, intimate, was launched last year by founding trio Reuben Coppa, Leah Callon-Butler and Nathan Smale, who formed the idea of … Read more

Telstra’s muru-D just picked 10 new startups for its accelerator program

muru-D, the accelerator program backed by Telstra, has just picked 10 new startups to support. An autonomous passenger aircraft, virtual reality being used to rehabilitate stroke victims, and autonomous tree-planting robots are among the technologies being developed by the startups accepted into the SYD5 program. “It was important to us to select teams that have … Read more

Soft skills: The vacuum that exists within many Australian startups

From my participation on a number of startup boards and constant interaction with founders in our investment fund’s portfolio, I have observed that many founders are struggling with the soft skills required to effectively run and build their business. And this is not just my own observation. According to Noam Wasserman, author of The Founder’s Dilemma, … Read more

SYDNEY STARTUP CREATES TECH TO HELP LANDLORDS TACKLE UNLAWFUL SUBLETTING IN THE AIRBNB ERA

A property monitoring service that alerts landlords to unauthorised subletting through Airbnb and other rental websites has been launched by Sydney-based tech startup BnbGuard. The brainchild of serial entrepreneurs Reuben Schwarz and Richard Frey, BnbGuard is an automated technology platform that monitors long-term and short-term rental websites such as Airbnb, Flatmates.com.au and Stayz for clients, sending them an … Read more

AI-fuelled online beauty platform Honee raises $1.8 million in seed round led by Blackbird Ventures

  For Matt Jones, the key things that led to his startup Honee’s capital raising success were persistence, perseverance, and boots on the ground. The Melbourne-based startup offers beauty and wellness salons an online end-to-end booking service and online shopfront, and was born from the realisation that the majority of Australian salons don’t currently take … Read more

Drinking to your health

It’s a new coffee brand in an already saturated market. Yet beforeyouspeak has grown 260 per cent month on month since the Queensland-based company launched its product last July. beforeyouspeak: the coffee shot company Co-founders Jaryd Terkelsen and Ash Bisset came up with the “high-performance, superfood-infused instant coffee sachet” concept, called One, by “mixing some … Read more

How driverless cars could create new jobs in Australia’s motor industry

The race to market for widespread driverless cars may be on, but that doesn’t mean we’re anywhere near a deployable reality. Much of the initial hype has settled down, and the claims made by manufacturers and startups with regards to timelines have moderated. As the key stakeholders — the automotive industry, government and the public — consider the … Read more

Sydney biotech Elastagen has just been bought for $120 million by the maker of Botox

University of Sydney spin-off Elastagen, which has a product to fix stretch marks and acne scars, has been bought by multi billion dollar global biopharmaceutical Allergan, the manufacturer of Botox, for $US95 million ($A120 million). Elastagen’s technology is based on human tropoelastin, the precursor of elastin which is a key component of youthful skin. The … Read more