Category Archives: Funding & Grants Back

A startup making dissolvable caffeine hits just closed Australia’s first finished equity crowdfunding campaign

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Revvies Energy Strips Limited just closed Australia’s first completed equity crowdfunding campaign. The company behind a fast dissolving mouth strip that delivers 40mg of caffeine raised nearly $300,000 from 239 investors via equity crowdfunding platform OnMarket. Xinja, a digital bank startup, was the first to launch, via Equitise, an equity crowdfunding offer. Its campaign is expected … Read more

HR TECH STARTUP EMPLOYMENT HERO LANDS SEEK AS AN INVESTOR DURING $8M SERIES B FUNDING ROUND

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Cloud-based HR, payroll and benefits platform Employment Hero have raised $8 million during a Series B funding round co-led by employment marketplace SEEK and OneVentures, with contributions from AirTree Ventures and AMP. The capital injection, which will be used to roll out new products and services, follows on from Employment Hero’s oversubscribed $4.5 million Series A round, which … Read more

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

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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

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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

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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

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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

“HUGE COUP FOR SYDNEY” – $35M STARTUP HUB TO HOST EXCLUSIVE MICROSOFT ACCELERATOR PROGRAM

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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

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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