Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
Advertisement

Venture capital

Today

Roger Montgomery is chief investment officer at Montgomery Investment Management.

Tech stock meltdown spills into private markets

The gap between public and private company valuations has narrowed, as listed tech stocks nosedive and undermine the lofty valuations booked by private companies last year.

  • Jessica Sier
Futurerent CEO Godfrey Dinh is helping real estate investors access their rent in advance.

Start-up lets property investors access rental income early

Futurerent has banked a $9 million funding boost of its own, welcoming a handful of new investors as it plans for growth despite a correcting property market.

  • Yolanda Redrup
Refundid was founded by Joel Aaron, Ilan Kessler, Brad Karney, and Judd Katz.

Refundid shakes off BNPL doubts to raise $12m

The instant refunds start-up has closed a $12 million funding round, despite increasing concerns that the Afterpay-led short-term finance sector’s time in the sun has passed.

  • Tess Bennett

This Month

Srdjan Dangubic from Five V Capital.

Five V dealmakers fire up new $100m venture capital fund

Adrian MacKenzie and Srdjan Dangubic’s private equity firm Five V Capital has hit the fund-raising trail, setting its eyes on $100 million for a new venture capital fund.

  • Jessica Sier, Sarah Thompson, Kanika Sood and Anthony Macdonald
Klarna CEO Sebastian Siemiatkowski and Canva co-founder Melanie Perkins

Venture capital gets another wake-up call

The stunning fall in Klarna’s valuation, and further cuts to some estimates of Canva’s valuation, suggest the tech pain in public markets has infected private ones. 

  • Updated
  • James Thomson
Advertisement
CEFC CEO Ian Learmonth

Qantas employees give climate tech a $100m shot in the arm

Qantas Super has joined the government’s Clean Energy Finance Corporation in an investment fund aimed at companies helping to reduce carbon emissions.

  • John Davidson

Veteran VC’s warning for start-ups amid tech sell-off

Start-up founders and investors should brace themselves for yet more pain as the tech downturn deepens and valuations fall in the near term by 50 per cent, veteran venture capitalist Bill Ferris has warned.

  • Yolanda Redrup
The Archangel Ventures team is made up of Ben Armstrong, Quentin Wallace, Andrew Cicutto and Rayn Ong.

Tech downturn no barrier to Archangel’s new seed fund

The tech downturn didn’t stop Archangel raising the first $20 million for its seed-stage venture capital fund in just three weeks.

  • Yolanda Redrup
Revolut Australia chief executive Matt Baxby says the heavily backed UK neobank still has covetous eyes on the Australian market.

‘In its infancy’: neobanks and VCs say bank disruption isn’t over

While the collapse of neobank Volt has given the impression that big banks are winning the battle against start-up insurgency, those in the industry beg to differ.

  • Paul Smith
OIF Ventures partner Laurence Schwartz is tipping investment volumes and values to fall further in the next six months.

Start-up funding slump hits hard with 52pc fall in June

Venture capital investment has continued to fall in June, down 52 per cent on this month last year and almost 10 per cent on May.

  • Yolanda Redrup and Paul Smith

Private equity is the new traditional asset class

In the 1980s, private equity was the asset class of risk, leverage and aggression. Now, it’s all grown up while the sharemarket is where the craziness has gone, argues Partners’ Urs Wietlisbach.

  • Updated
  • Jonathan Shapiro
University of Queensland’s Nathan Palpant, Mark Smythe and Glenn King are taking a new heart attack drug candidate using funnel web spider venom through clinical trials.

Aussie start-up using funnel web venom to save lives scores $23m

Research shows venom of the K’gari funnel web spider could block nerve signals that cause the death of heart and brain cells following a heart attack or stroke.

  • Yolanda Redrup
Conrad Smith is leading the commercialisation of Stacked Farm.

Lettuce for all: how vertical farming will plug supply chain shortages

Stacked Farm has raised $56 million in a debt and equity raise, which will accelerate the construction of its first commercial scale vertical farm.

  • Yolanda Redrup

June

David Shein in the early days of ComTech, a business he later sold for $1.1 billion.

The mistakes this successful founder wants you to avoid

The company he founded had a billion-dollar valuation when he sold it but there are things he wishes he’d done differently.

  • David Shein
Volt CEO Steve Weston says the entire team is disappointed to have reached this position.

Volt Bank to close, return $100m to customers

Volt Bank will return more than $100 million in deposits to customers and hand back its banking licence to the prudential regulator, marking another unsuccessful attempt by a start-up to break into the Australian banking market.

  • Updated
  • James Eyers and Jonathan Shapiro
Advertisement
HealthMatch’s Manuri Gunawardena says Australia needs to be globally competitive on employee share schemes.

Turnbull-backed health tech start-up cuts 50pc of staff

HealthMatch, which was founded in 2017, joins many other start-ups in Australia and overseas in reducing its wages bills in the face of a challenging fundraising environment.

  • Tess Bennett
Blackbird co-founder Rick Baker says his fund has invested 43 per cent less in the first half of the year.

What next for tech? VC investment levels offer some clues

The tech market has taken a bath globally, but Aussie VC investors have largely kept up the funding in the first half, but they say quieter times are coming.

  • Paul Smith and Yolanda Redrup
Tidal Ventures partners Wendell Keuneman, Georgie Turner and Grant McCarthy are tapping investors for their third seed fund.

Tidal joins flood of VCs tapping investors, raising $80m

Tidal Ventures is set to become the ninth local VC fund to go to market to raise fresh funds in 2022.

  • Yolanda Redrup
Long delays for consumers who want to buy new cars, the high price of second-hand vehicles and EV-curious consumers have pushed more customers to trial car subscription services.

Car subscription start-up eyes European market after $3.6m funding

Australian car subscription software startup Loopit has raised $3.6 million to fuel its global expansion and take advantage of changing consumer habits.

  • Tess Bennett
Many Aussie tech start-up founders are having their first-ever experience of a tough market, some won’t make it through, but others will thrive.

‘Never waste a good crisis’: tips for tech survival

The co-founder of fast-growing start-up Mr Yum says a market correction has put countless tech companies in Australia in the toughest position they’ve ever faced.

  • Adrian Osman