News & Analysis
Australian-founded, Texas-based ecommerce company BigCommerce has raised US$64 million ($85 million) in a funding round led by Goldman Sachs, with participation from existing backers General Catalyst, GGV Capital, and Tenaya Capital.
Melbourne-founded location services company Bluedot Innovation has raised US$5.5 million ($7.24 million) in a Series A round led by toll road development and management company Transurban
A few months on from raising a US$40 million ($51 million) round that saw its valuation push past the $1 billion mark, online design startup Canva has acquired Zeetings, a Sydney-founded startup helping users deliver interactive presentations. The terms of the acquisition were not disclosed.
TechSydney and Tech Ready Women have shared in $80,000 in grants from the City of Sydney aimed at helping them further develop the city’s startup community.
NSW Premier Gladys Berejiklian has announced a partnership with India aimed at enabling collaboration between Indian industry and the NSW startup, tech, and advanced manufacturing sectors.
Telehealth startup Coviu, which spun out of the CSIRO’s Data61 arm, has raised $1 million in funding from Main Sequence Ventures, managers of the CSIRO’s $200 million innovation fund.
Employment platform DCC Jobs has raised $1 million in seed funding and rebranded to WORK180 as it continues on its mission to connect women with roles at organisations with a focus on gender equality.
Australian insurtech startup Edmund has launched to provide cyber insurance to small to medium enterprises (SMEs) with up to $20 million in annual revenue.
While no overall rankings released this year, the 2018 Startup Genome report has identified Australia cities as ecosystems to watch.
General Assembly will operate as a separate division within the organisation, with founder and CEO Jake Schwartz to report to Adecco Group.
The University of New South Wales is doubling down on online learning, partnering with provider Keypath Education to launch a series of Master’s programs that will run solely online.
Tech Ready Women has partnered with tech-focused education provider Academy Xi to launch a $100,000 scholarship fund to encourage women to launch startups.
Coca-Cola Amatil has partnered with BlueChilli to launch the Xcelerate accelerator as it looks to identify opportunities to grow outside its core business.
More investment was poured into New Zealand startups than ever before in 2017, with NZ$86 million ($81.7 million) invested into 111 companies.
Cloud communications company Twilio has expanded into Australia, opening a local office and appointing former Oracle and Symantec sales executive Richard Watson as country director to drive growth.