Category Archives: Startups Back

Australian startup Spacer just raised $2.7 million then acquired a rival

Storage startup Spacer has secured a $2.7 million series A capital raising round and acquired parking space rival Parkhound. Parkhound’s founders had last year rejected three investment offers on the Ten Network’s Shark Tank television show. This time they agreed to terms with Spacer for an undisclosed amount. The platform, with 55,000 members and 10,000 parking locations … Read more

We tried 3 meals from a vegan vending machine that’s about to blow up the fast-food scene — here’s the verdict

Lamiaa Bounahmidi may have a solution to your diet woes: a vending machine. Bounahmidi is leading a San Francisco-based startup called leCupboard, which dispenses healthy, personalised, prepared meals out of vending machines. The startup’s goal is to get people to think differently about healthy food by making it as convenient as fast-food. Customers simply press a … Read more

Entrepreneur-focused bank OakNorth hits ‘unicorn’ status in funding deal

LONDON — Entrepreneur-focused bank OakNorth has raised £154 million from Singapore investment group The Clermont Group, UK hedge fund Toscafund, and Coltrane Asset Management. The consortium has purchased close to a 16% stake in the two-year-old business, valuing London-headquartered bank at £934 million ($US1.3 billion). It means OakNorth has reached so-called “unicorn” status — a … Read more

“I’LL LAUNDROMAP THAT”: NZ DRY CLEANING TECH STARTUP ENTERS AUSTRALIA SEEKING $3-4M TO GROW

On-demand dry cleaning pick-up and delivery service Laundromap has now launched in Perth and Sydney, with the founders of the New Zealand tech startup in the midst of planned $3-4 million capital raise to service further capitals across Australia. Since launching in New Zealand last year, Laundromap has grown at a rate of 30% month-on-month. … Read more

A Brisbane energy tech startup just raised $9 million from Right Click and a government fund

Energy tech startup Redback Technologies has completed a capital raising round that’s brought in $US7 million ($9 million) from Right Click Capital and the Clean Energy Innovation Fund. The latest cash injection follows a $9.3 million investment from EnergyAustralia almost exactly a year ago, and last month’s launch of Redback’s Smart Hybrid System for home use. Redback’s products … Read more

Why New Zealand hologram startup Point Zero is setting up shop in Queensland with $100,000 in funding

New Zealand hologram startup Point Zero is now basing its operations out of the Brisbane and Ipswich areas after being enticed across the ditch with $100,000 in funding from the Advance Queensland Hot Desq program. Established by the Queensland Government’s Advance Queensland initiative, the $8 million Hot Desq program offers startup founders from around the globe the … Read more

FIVE STARTUPS JOIN CLEAN ENERGY ACCELERATOR

Five startups have been selected to participate in Australia’s first clean energy accelerator, EnergyLab, joining the initial cohort of four startups.  Founded by Piers Grove and Nick Lake, EnergyLab is a not-for-profit business incubator operating out of the Blackfriars School House, UTS in Chippendale. It launched, earlier this year, with support from principal sponsor Origin Energy along with … Read more

LaunchVic’s new chair Laura Anderson sets goal to eliminate tall poppy syndrome in the startup ecosystem

LaunchVic has appointed company director, philanthropist and businesswoman Laura Anderson as its chair, filling the role vacated by ex-Australia Post chief Ahmed Fahour earlier this year. Anderson stepped into the role on Monday, and hopes to bring her years of experience as a corporate advisor and international company director to the role. In addition to … Read more

GOLD COAST STARTUPS HEADING TO LONDON FOR INTERNATIONAL PITCH COMPETITION

THE creator of of luxury active wear brand Faebella, Alisha Geary, has been crowned a winner of the inaugural Pitch@Palace Australia start-up competition by HRH Prince Andrew, The Duke of York at Government House in Sydney. Geary (pictured) is one of three national winners, including fellow Gold Coast innovator, Nev Hyman (pictured) of NevHouse and Ben … Read more