Category Archives: Startups Back

Sydney-based startup Totem Labs is using virtual reality to help treat phobias

While still years away from becoming a quintessential household object, virtual reality (VR) headsets and their accompanying experiences have already nearly covered the entire spectrum of genres and content. Does a trip to Rome break the budget? Then see the Colosseum the right way – sitting in the corner of your bedroom at 9pm on a Friday … Read more

Why Dick Smith says Aussie SMEs could be forced to pay 27% interest on business loans

Australian businessman Dick Smith has alerted Australian business owners to the possibility of business loan interest rates returning to 27% in a newly released 60-page manifesto on housing affordability. In the document, called “Dick Smith: A Fair Go”, founder of once-dominant tech retailer Dick Smith Electronics also discussed how the credit given in housing loans since 1996 … Read more

HOMETIME SCORES $1.5M IN FUNDS TO CONSOLIDATE ITS POSITION IN THE SHORT-TERM RENTAL MARKET

Sydney-based startup Hometime, which manages short-term property rentals, including Airbnb listings, has closed a $1.5 million seed funding round led by tech accelerator Asia Principal Capital (APCL). Founders Dave Thompson and Will Crock added APCL director Martin Dalgleish (the former chief executive of PBL Media) to their board as part of the deal struck with … Read more

Sydney fintech ZipMoney just raised $40 million from Westpac

ydney fintech startup ZipMoney has landed a $40 million investment from Westpac. The round, announced on the ASX on Monday morning, includes $40 million cash upfront and a further $8 million in future performance-dependent funding. ZipMoney’s deal immediately becomes the third largest capital raising in the Australian tech sector this year, behind online conveyancer PEXA’s $64.7 … Read more

“I’D LIKE FOR US TO BECOME PART OF POP CULTURE”, SAYS THE CO-FOUNDER OF 3D TECH STARTUP MPORT

For the uninitiated, the term ‘3D body-mapping’ might conjure up images of futuristic cartographers (which, to be fair, isn’t entirely off the mark). It’s the technology which has helped Sydney-based startup mPort land a reported $80m deal with America’s largest gym chain LA Fitness, secure $12 million in funding from high-net-worth Australian investors and onboard … Read more

Australian solar-powered security startup Spectur just raised $4.5 million in an IPO

Shares in solar-powered internet of things startup Spectur began trading on the ASX today, after a $4.5 million IPO. The Perth company, which produces high-definition security camera networks that are internet-connected using 3G or 4G mobile, listed at 20 cents, giving it a market capitalisation of $8.2 million. Spectur managing director Peter Holton said that … Read more

Brisbane marketing startup Norbit raises $400,000 to help lure customers back to bricks-and-mortar retail stores

Brisbane-based marketing tech startup Norbit has raised $400,000 in seed funding to take its retail loyalty app nationwide and help more retailers keep customers coming through their doors. The injection of funds has come from McVay Real Estate’s Sam McVay and Premium Funding’s Hayward Family, and Norbit co-founder Gerry Mezzina says the funding will allow the startup … Read more