Edutech startup Prosper Education raises £2 million to grow RoyalABC platform in China

Sydney edutech startup Prosper Education has raised £2 million [AUD$3.57 million] from private investors in the UK. Founded in 2014, Prosper has developed RoyalABC, a ‘language learning ecosystem’ based on a Cambridge English curriculum that looks to teach children British English. The platform blends online and classroom learning for students, while also providing teachers a digital platform … Read more

Aussie Farmers Direct franchisees set up crowdfunding campaign after “pretty shattering” collapse

The daughter of a couple who invested their life savings in Aussie Farmers Direct franchises has helped them launch a crowdfunding campaign to support their financial situation after the collapse of the grocery delivery operator hit the couple hard. Brianna Roberts launched a YouCaring campaign this week after her parents, Heather and Geoff Roberts, received the call on Monday … Read more

Sydney menswear startup InStitchu raises $3 million in strategic funding from suit manufacturer Dayang Group

Sydney-founded custom menswear startup InStitchu has raised $3 million in a strategic investment from suit manufacturer Dayang Group that will see Dayang become the startup’s production partner. Founded by Wakefield and Robin McGowan in 2012, InStitchu in 2014 raised $2 million from fund management firm Aura Group. The fresh funding will go towards furthering InStitchu’s global … Read more

Content agency The Pulse receives $560,000 government commercialisation grant for VR education platform

Australian content and tech agency The Pulse has received a $559,000 commercialisation grant from the federal government to help it develop and sell its virtual reality education platform. While The Pulse was founded in 1996, the company’s VR-focused venture – The Pulse IQ – is “almost a spin-off business”, according to managing director Brett Heil, … Read more


The launch of the Sydney Startup Hub, has coincided with an announcement that Microsoft has signed up as a tenant and will run its acclaimed Scale-Up accelerator program from the new $35 million facility. Announced by the NSW Government in July 2017, the Sydney Startup Hub was funded by Jobs for NSW, which anticipates it will … 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

Screen Queensland announces new funding for video game developers but industry says problems persist

SCREEN Queensland, the Queensland Government’s industry body for film and television, is expanding its programs into the realm of video games. From Thursday, Queensland game developers can apply for support from Screen Queensland’s Game Development and Marketing Investment. The industry body is looking to sponsor game developers who want to create and market video games … Read more

Digital greeting card startup Cardly raises $230,000 from QUT Creative Enterprise Australia

Having last year walked away from a $250,000 deal with Naomi Simson brokered on the set of Shark Tank, Melbourne-founded digital greeting card startup Cardly has raised $230,000 in a seed funding round led by QUT Creative Enterprise Australia (CEA). The funding comes as the startup looks to invest in artificial intelligence (AI) to further … Read more

Crowd funding websites given licences to help businesses raise money

THE FIRST seven licences have been issued for crowd-sourced funding (CSF) intermediaries to allow them to provide their services to help unlisted small to medium businesses raise money from investors. The Australian Securities and Investments Commission (ASIC) issued the licences under the new CSF regime and it means eligible public companies will now be able … Read more