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Rival start-ups Mr Yum and me&u have finalised a deal to combine the two QR code ordering businesses in an all-stock merger that will pool their cash reserves to fund an international expansion.
Property technology start-up Inspace has bucked the harsh venture capital environment to bank $6 million in a funding round featuring money from Facebook co-founder Eduardo Saverin’s venture capital firm B Capital and Our Innovation Fund.
Founders who have sold their companies for hundreds of millions of dollars have warned their peers to get cash up front in any sale rather than accepting lengthy golden handcuffs.
Claire Rogers has co-founded a technology start-up known as Oho, which is a cloud-based online verification tool aimed at meeting the growing need for continuous monitoring of workers and volunteers in the community. It allows managers to monitor online, individuals working for organisations whomay have issues with their accreditations – such as working with children.
The company behind in-store emoji-based customer experience surveys has successfully raised $10 million from leading investors and entrepreneurs, after adapting its platform to be used for compliance in healthcare.
Legal automation start-up Josef has signed on a bevy of major law firms as new clients, helping it bank $5.2 million in fresh funding. The company, which was established in Melbourne in 2018 by former Arnold Bloch Leibler lawyers Tom Dreyfus and Sam Flynn and engineer Kirill Kliavin, provides an easy-to-use software platform that lets lawyers and companies automate tasks such as document drafting, collating and analysing data and client interactions.
Melbourne-based start-up Sapia.ai has raised $17 million in a Series A round, led by Macquarie Capital and Woolworths’ venture capital arm W23, to crack the US HR tech market.
Australia’s only secondary venture capital fund SecondQuarter Ventures has raised $83 million for a second fund, bringing on high-profile backers including Andrew Forrest’s Minderoo Foundation, Craig Burton’s Verona Capital and 99designs co-founder Mark Harbottle.
Sonder, a workplace wellness technology start-up that has signed up big corporate clients including Woolworths, Commonwealth Bank, Toll Group and Allianz, has closed a $35 million funding round, as venture capital funds see potential riches in its UK expansion plans
The fallout from the tumbling value of Australian tech darling Canva has begun to spread across the local industry, as more superannuation-backed and listed venture capital funds re-evaluate their start-up portfolios and set more realistic valuations.
