News & Analysis
Amazon’s Alexa is coming down under complete with Aussie accent, with the company today opening preorders for its Echo smart speakers in preparation for shipping in early February.
Media group Southern Cross Austereo, whose properties include the Hit and Triple M radio networks and the Southern Cross television stations across regional Australia, has invested $5 million in telco startup OVO Mobile.
Venture capital investment into Australian startups grew 1.4 percent in 2017 to hit US$555.63 million ($698 million), though the number of deals fell from 185 in 2016 to 135.
There are 12 startups taking part in the first intake of the HYPE UQ SPIN Lab program, which will run in conjunction with the Commonwelath Games.
Helix Leisure, a company in out-of-home entertainment, has announced its acquisition of Sydney startup Booking Boss, a deal completed last July.
The Federal Government is seeking applications for those interested in becoming a regional incubator facilitator, looking to find four across the country.
Dunedin startup CodeLingo has raised NZ$540,000 ($494,000) in seed funding from Australian venture capital firms Right Click Capital and Reinventure.
After years of lobbying from the startup sector, retail – or mum and dad – investors now have access to equity crowdfunding opportunities through the seven intermediaries this week granted licenses by ASIC.
Changes to the platform’s newsfeed algorithm that will result in a drastic decline in content from business, brand, and media pages being seen by users.
Melbourne-founded digital greeting card startup Cardly has raised $230,000 in a seed funding round led by QUT Creative Enterprise Australia (CEA).
Canva has hit unicorn status, raising US$40 million from Blackbird Ventures, Felicis Ventures and Sequoia China, to reach a valuation of US$1 billion.
Rideshare vehicle rental startup Splend has raised $7.2 million in funding, handing over a 12.5 percent stake to Toronto Stock Exchange-listed company Element Fleet Management.
Melbourne HR software company PageUp has raised a “significant” round of funding from global venture capital firm Battery Ventures.
The Victorian Government has today revealed Stone and Chalk has been chosen to establish and run its flagship fintech hub, while YBF Ventures will also establish a dedicated space for fintech startups in its new Bourke St building.
FluroSat has raised $1.5 million from the CSIRO’s Main Sequence Ventures, AirTree Ventures, and a group of strategic investors in the agricultural space led by Cotton Research and Development Corporation (CRDC) to help further develop its technology.