Fintech startup Earnd has raised $2.5 million from a number of investors including NAB Ventures and Zip Co executives and Pocketbook founders Alvin Singh and Bosco Tan. Earnd enables employees access to their pay packet as they earn it to minimise the need for payday lenders. Other investors include, John
The boys club is as entrenched as ever. Companies with all-female founders attracted less than three per cent of Australia’s venture funding last year. That compares to over 60 per cent for companies with all-male founders. What gives? On panels, in the media and inside accelerator programs, female founders are
In 2030 Australian people will own less and share more, and renewable energy will be a booming industry, according to Westpac. The bank has launched a new division to fund the emerging businesses it expects will drive the future economy. Register now for Which-50’s webinar on the disruptive impact of chatbots!
Last year venture capital investments in Australia hit a record high, skyrocketing 36 per cent to US$899.05 million. Globally VC investments set a new record, jumping from US$175 billion in 2017 to US$255 billion. Sign up for Which-50’s Irregular Insights newsletter The figures come from the quarterly report, Venture Pulse Q4 2018
Former Kleiner Perkins partner Mary Meeker is raising more than $US1 billion for her new venture capital fund. First reported by Axios last week, the new firm will be called Bond and is seeking to raise $US1.25 billion with a $US1.5 billion hard cap for its first fund. Sign up
The most important issue to focus on when corporates and startups interact is goal alignment. Too often, the fact that goals are not aligned can be discovered far too late. Startups are usually looking for capital, distribution, expertise and possibly additional capacity e.g. staff. Corporates may be attracted to a
National Australia Bank is investing an additional $50 million in its corporate venture capital fund NAB Ventures, taking the total fund to $100 million until 2020. Todd Forest managing director at NAB Ventures said the company is doubling down on backing innovative third-party companies that can bring desired assets to
IAG, via its $75 venture million fund Firemark Ventures, will invest in Airtasker. The company says the move is part of its strategy to invest with partners who might potentially to disrupt the insurance sector. While not disclosing the actual dollar figure, a spokesperson confirmed it was several million, but