Capital raising in Australia
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Capital raising in Australia
Notable stories about capital raising in Australia. This topic focuses on seed capital, angel investing and start-ups.
Curated by Tony Pittorino
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Freelancer Receives 400 Million US Dollar Offer From Recruit Co According To Report

Freelancer Receives 400 Million US Dollar Offer From Recruit Co According To Report | Capital raising in Australia | Scoop.it
Australian-based outsourcing website Freelancer.com is reportedly the subject of a US$400 million takeover offer from Japanese recruitment site Recruit Co.
Tony Pittorino's insight:

This will be a great result when it comes off.

 

This is not only a great result Freelancer.com and Matt Barrie, but more broadly for the startup scene in Australia.

 

The success of companies such as Freelancer.com not only validates the importance and the vitality of the technology and online sectors in Australia but it also acts as a beacon for all startups.

 

On a political note we see that the incoming Liberal Coalition remonstrates their 5 pillar policy - manufacturing, agriculture, education, services and mining. 

 

While important, and clearly the foundation of our great country we need to move on and look to the future.

 

Australia definitely has global advantage in most of these sectors with possibly the exception of traditional, volume manufacturing. For the future Australia's advantage in manufacturing will more than likely be based on niche and technological sophistication.

 

And that leads me back to startups and technology.

 

The 6th pillar has to be the startup economy - technology, internet, online, creative industries, biomedical.

 

Business that can be scalable and be global (yes, like Freelancer.com).

 

And on the medical front, and from the past success stories like Cochlear.

 

With a highly educated workforce and the more we can focus on and transition to the startup economy the more likely we will be able to compete on the world stage.

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SydStart - Where startups meet talent and change the world.

SydStart - Where startups and entrepreneurs meet talented students and job seekers and change the world.
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How the budget failed the tech startup sector - ABC Technology and Games

How the budget failed the tech startup sector - ABC Technology and Games | Capital raising in Australia | Scoop.it
ABC Technology and Games How the budget failed the tech startup sector ABC Technology and Games But the more troubling disappointment for the nascent Australian tech startup sector - an increasingly vibrant and broad-based Australian ICT community...
Tony Pittorino's insight:

What is the future?

 

The government says 5 pillars - Manufacturing Innovation, Advanced Services, Agriculture Exports, Education and Research, Mining Exports 

 

These are the traditional backbone of the Australian economy, albeit with fancy new names.

 

What about the knowledge (intellectual property) based industries? Where is science, where is technology, how do we foster start ups and innovation?

 

There are more questions than answers.

 

Focus should be on transitioning to industries that will allow us to compete in global markets. Sectors where we can have a sustainable competitive advantage.

 

Technology and science must be a priority to grow the economy and keep Australian talent in Australia.

 

Start up and technology companies here need to be able to commercialize their ideas, take their business to the rest of the world but with Commercialisation Australia scrapped their chance of success appears to be diminished somewhat.

 

If the government is unable to help foster these new industries then it will be left in the hands of the private sector, while platforms such as the Australian Small Scale Offerings Board will only increase in importance.

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Ross Greenwood: Crowd sourcing your way to business capital - NEWS.com.au

Ross Greenwood: Crowd sourcing your way to business capital - NEWS.com.au | Capital raising in Australia | Scoop.it
Ross Greenwood: Crowd sourcing your way to business capital NEWS.com.au Mr Niederer and Mr Poole created the Australian Small Scale Offerings Board, a service where investment-ready businesses can be promoted to investors seeking high-risk,...
Tony Pittorino's insight:

Another ASSOB success story - Ocular Robotics used the Australian Small Scale Offerings Board to fund further commercialization of their patented robotics technology.

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Merimbula launches bid to be the “SeaChange Startup capital” of Australia

Merimbula launches bid to be the “SeaChange Startup capital” of Australia | Capital raising in Australia | Scoop.it
The NSW south coast town of Merimbula will be running a start-up camp and Dragon’s Den style investment pitching event in March this year, in a bid to draw entrepreneurs to the area.
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Personal Finance Startup PocketBook Raises $500000 From Australian Angel ... - Business Insider Australia

Personal Finance Startup PocketBook Raises $500000 From Australian Angel ... - Business Insider Australia | Capital raising in Australia | Scoop.it
Personal Finance Startup PocketBook Raises $500000 From Australian Angel ...
Business Insider Australia
If Google or Apple was a bank, what would it look like? How would it work? Surely it would be easy and fun right?
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Investors to focus on tech start-ups

Investors to focus on tech start-ups | Capital raising in Australia | Scoop.it
ONE of the Pratt family's longest serving former lieutenants is teaming up with his 37-year-old son to back a $6 million fund for early-growth-stage Australian technology start-ups, which is also being bankrolled by a group of successful tech...
Tony Pittorino's insight:

Further to the Rampersand story.

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Rampersand Investment Fund Launches To Invest In Start Ups

Rampersand Investment Fund Launches To Invest In Start Ups | Capital raising in Australia | Scoop.it
A new $6 million investment fund has been launched that aims to provide funding to Australian start-ups seeking capital following the early-seed stage.
Tony Pittorino's insight:

Another great example of the ramping up (no pun intended) of the start-up economy in Australia.

 

Some interesting participants contributing to the developing the startup landscape downunder.

 

The story continues!

 

#startups #startupaus #entrepreneur #capital #equityfunding

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Australian Tech Start Up Raises Private Investment Capital ...

Australian Tech Start Up Raises Private Investment Capital ... | Capital raising in Australia | Scoop.it
Founder and CEO of DesignQuotes, an Australian services marketplace for creative and marketing services, has raised private investment capital to make major improvements to the marketplace software and further invest in ...
Tony Pittorino's insight:

Another Australian startup gets a leg up!

 

And the keywords in this story are mentor and capital:

 

A:  “The stars just kind of aligned because I met two mentors who saw the potential of DesignQuotes and made it their mission to help me raise investment capital.”

 

B:  After a 15,000 word Information Memorandum was written and pitch meetings held, they brought on a few investors. The team behind DesignQuotes will use the capital to complete a business model pivot and invest in their user generated content marketing campaigns.

 

One of the keys to a successful startup is to have the right people around, especially those with experience and those that get your ideas and believe in the vision.

 

Going it alone means that you will miss things, you will not see all the  opportunities or you may even go down the wrong path (possibly even more than once!).

 

Don't under-estimate experience, experience counts.

 

That's not to say that 'experience' knows everything (but it can surely help) If experience can eliminate some of the issues that arise, iron out the bumps and help you avoid the pitfalls then you have to be ahead of the game.

 

 

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Report: Australia's tech startup ecosystem worth more than $100bn

Report: Australia's tech startup ecosystem worth more than $100bn | Capital raising in Australia | Scoop.it
Google and PricewaterhouseCoopers are predicting that Australian tech businesses will be worth $109 billion by 2023, employing 500,000 people and contributing as much to the Australian economy as the retail and education sectors.
Tony Pittorino's insight:

Got to be in this sector - exciting times ahead.

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Pollenizer raises $1.1 million, eyes expansion in South East Asia

Pollenizer raises $1.1 million, eyes expansion in South East Asia | Capital raising in Australia | Scoop.it

Incubator Pollenizer has said it has raised $1.1 million from investors in Australia, Singapore and the USA, further extending its potential to develop exciting technology startups and to expand in South East Asia.


http://anthillonline.com/pollenizer-raises-1-1-million-eyes-expansion-in-south-east-asia/



Tony Pittorino's insight:

Good to see continuing success in the Australian start-up space (and expansion in to Asia)

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Startup Incubators and Accelerators in Australia

Startup Incubators and Accelerators in Australia | Capital raising in Australia | Scoop.it
Here you’ll find the first, full, regularly updated list and directory of all the incubators and startup accelerators across Australia. If you’re looking to take your idea or company to the next le...
Tony Pittorino's insight:

Useful list of start-up incubators in Australia.

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Exploring ASSOB: A $130 Million Crowdfunding Model that Works

Exploring ASSOB: A $130 Million Crowdfunding Model that Works | Capital raising in Australia | Scoop.it

Jonathan Sandlund writes in again, this time sharing his recent interview with Paul Niederer, CEO of the Australian Small Scale Offerings Board (ASSOB), the world’s largest equity crowdfunding platform.


Via Berend de Jonge
Tony Pittorino's insight:

 

Looking for a pathway to capital?

 

Look to the Australian Small Scale Offerings Board.

 

Disclosure: Nexttrack is a Sponsor on the board.

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New Australian VC fund to channel China's millions

New Australian VC fund to channel China's millions | Capital raising in Australia | Scoop.it
A new Australian venture capital fund has been created to capture the estimated $400 million of Chinese visa money that has been designated to back technology start-ups.
Tony Pittorino's insight:

Game-changer for Australian start-ups.

 

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David Thodey Has A Simple, Clear Reason For Why Australia Should Support ... - Business Insider Australia

David Thodey Has A Simple, Clear Reason For Why Australia Should Support ...
Business Insider Australia
Telstra boss David Thodey has a simple explanation for why Australia's startups should be supported by both business and government.
Tony Pittorino's insight:

 

This just supports the previous article in ABC Technology and Games.

 

From the www.businessinsider.com.au article Telstra's CEO David Thodey sums it up;

 

According to the Australian Financial Review Thodey said Australia will lose some incredible talent and miss out on innovative ideas if startups aren’t given a leg-up.

 

Thodey said innovation has the potential to double Australia’s GDP and boost the country’s growth.

“Innovation isn’t only for Silicon Valley or Israel,” Thodey said. “It’s about a state of mind and a way of ­looking at things – continually working to reinvent and change.”

 

He said big companies, including Telstra, also need to be involved, adding government incentives targeted at fostering and keeping Australian talent is also needed.

 

“They have to be a part of the ecosystem,” he said.

 

“The two key parts of our growth strategy are Asia and software technology on a global basis.”

 

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CAMAC backs new approach to raise funds for small companies - The Australian Financial Review

CAMAC backs new approach to raise funds for small companies - The Australian Financial Review | Capital raising in Australia | Scoop.it
The Australian Financial Review CAMAC backs new approach to raise funds for small companies The Australian Financial Review The Australian Small Scale Offerings Board has run a version of equity crowdfunding for retail investors since 2005, mainly...
Tony Pittorino's insight:

Crowd-funding, start-up capital, read about the ways you can get it.

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Westpac makes venture capital play - The Australian Financial Review

Westpac makes venture capital play - The Australian Financial Review | Capital raising in Australia | Scoop.it
The Australian Financial Review Westpac makes venture capital play The Australian Financial Review Australia's venture capital market is gaining a powerful new player with Westpac Banking Corp's decision to invest up to $50 million in early stage...
Tony Pittorino's insight:

 

Here is further evidence of Australia's increasing stature in the #startup space.

 

Westpac Banking Corporation, one of the major banks of the Australian banking scene has set up a $50 million early stage fund to support technology startups in this country.

 

Bricks and mortar, agriculture, resources and manufacturing; old school industries that are very important but with the increasing pressure on traditional industries we need to look to technology and knowledge based sectors to take up the slack.

 

Nice one Westpac!

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Here Are 11 Australian Start-Ups That Had A Cracking 2013 - Business Insider Australia

Here Are 11 Australian Start-Ups That Had A Cracking 2013 - Business Insider Australia | Capital raising in Australia | Scoop.it
Here Are 11 Australian Start-Ups That Had A Cracking 2013
Business Insider Australia
Bigcommerce this year raised $US40 million in a Series C funding round, led by Revolution Growth.
Tony Pittorino's insight:

Going strong in 2013!

 

1. Bigcommerce - raised USD$40million in a Seies C funding round

2. DesignCrowd - raised $3 million from Starfish Ventures

3. Pocketbook  - $500,000 raised

4. Vinomofo - 1,723% revenue growth from 2011 to 2013

5. Oneshift - $5 million in funding from Programmed

6. Institchu - funding values business at $2.5 million

7. Tapestry - secured $400,000 from Commercialisation Australia

8. Oneflare - $5000,000 from local investors

9. Nimble - in 2013 raised $9.8 million

10. Shoes of Prey - raised $3 million

11. Beat the Q - processed it's 500,000 coffee order in November 2013


Not Silicon Valley but increased and commendable activity like this can only bode well for the future of the Australian start-up scene. 


Looking for more success in 2014.

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Telstra's softly, softly start-up strategy - Business Spectator

Telstra's softly, softly start-up strategy - Business Spectator | Capital raising in Australia | Scoop.it

Telstra's softly, softly start-up strategy
Business Spectator
Telstra is trying something new with its start-up incubator, muru-D.

 

https://muru-d.com/

Tony Pittorino's insight:

This is great news.

 

Telstra supporting the local start-up community.

 

Here it is in a nutshell;

 

Mura-D a six-month program. There is a twice-yearly intake of up to 10 companies. They will each enjoy 6 months rent-free, receive a $40,000 investment and enjoy the support of business mentors and coaches, as well as access to Telstra partners and suppliers.


The program requires participants to have at least a work permit to work in Australia.


This move adds further evidence and support to the growing tech start-up community in Australia.


Australia is slowly making it's way up the international rankings when it comes to entrepreneurship and start-ups.


For more information go to:


https://muru-d.com/

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Perth Startup Ecosystem Report

Perth Startup Ecosystem Report | Capital raising in Australia | Scoop.it
Release of Perth Startup Ecosystem Report 2013
Tony Pittorino's insight:

Great resource for getting under the hood of the Perth #startup ecosystem.

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Apple's application to trademark 'startup' enters indexing phase - StartupSmart

Apple's application to trademark 'startup' enters indexing phase - StartupSmart | Capital raising in Australia | Scoop.it
Apple's application to trademark 'startup' enters indexing phase StartupSmart The move angered the Australian start-up community, with several entrepreneurs calling for the sector to unite to object to the trademark application if it passes...
Tony Pittorino's insight:

Really...

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Enough with the Rhetoric: Investment Crowdfunding Works. Here's the Proof

Enough with the Rhetoric: Investment Crowdfunding Works. Here's the Proof | Capital raising in Australia | Scoop.it

In 2013, the implementation of investment crowdfunding stands to democratize access to capital for startups and small businesses. For investors of all economic classes it represents the right to accept risk, and invest in the businesses they believe in. We’re at a critical junction in our realization of this right, waiting for the SEC & FINRA to promulgate rules that will either support or stifle the industry. With each missed deadline, and each new excuse from the SEC, I’m becoming increasingly worried that we are losing ground. And then there are the market incumbents who fear the openness, transparency and collaboration that will challenge their status-quo. Rest assured, they’re putting up a fight.

And so a polluted rhetoric has emerged. It asserts that investment crowdfunding will be a cesspool of fraud, certain to bamboozle layman investors out of their hard-earned money. It proclaims crowdfunding represents a grave threat to investors, set to open a “floodgate of fraud.”  But it completely ignores the data; completely disregards the truth. The truth is: investment crowdfunding works. And using data, I’ll prove it.

The Australian Small Scale Offerings Boards (ASSOB): Equity Crowdfunding
ASSOB, an equity CF platform in Australia, is the world’s oldest and most successful crowdfunding platform. It has facilitated $129,205,578 in investments – from both accredited an non-accredited investors – since going live in 2007. Of the 176 companies that have received investment, 152 are still operational (86%). 63% of investments have been made by non-accredited investors. Since inception, not a single incidence of fraud.

Crowdcube: Equity Crowdfunding
Crowdcube is a UK-based equity CF platform that has facilitated ~$6mm in funding for 24 companies since being founded in February 2011. These companies include pre-revenue startups as well as existing businesses looking for growth capital. Only time will tell how these investments perform but were funded by the Crowd without fraud. Also worth noting is how discerning the crowd has been towards crowdfund investing: the success rate of fundraises has been less than 10%. Compare this to Kickstarters’ success rate of ~44%.

FundingCircle: Debt Crowdfunding
FundingCircle is a debt CF platform in the UK that has facilitated over $80,000,000 in investments since launching in August 2010. They have originated loans – ranging in size from $8,000 to $800,000 – for over 1,000 small businesses. Hinting at just how powerful FundingCircle can be, on October 4 they reported that two $80,000 loans were funded in 28 minutes.

Let’s roll through just a few more. UK-based Seedrs is blazing the trail for funding promising idea-stage startups; in its latest funded deal individuals invested as little as $16, and as much as $36,000. Their European comrade in the Netherlands, Symbid, has funded projects as diverse as translating a popular Dutch book into English to the WakaWaka Light, an innovative solar technology that is bringing light to millions. While not speaking to non-accredited investors (yet), CircleUp is a disruptive equity-platform in the U.S. proving that quality due-diligence is not too expensive, contrary to the position of some. They accept only 2% of applicants for their platform and in the last four months have funded four Consumer Product companies to the tune of $2.8 million. And then there is Fundrise, a DC-based platform that said screw waiting for the Bureaucrats and practically moved earth to legally crowdfund a real estate project through a Reg A exemption (only legally allowed to market to investors in Virginia and District of Columbia). They’re 70% of the way to their target of $325,000; 137 local investors, and counting, have been able to invest as little as $100 in a project they believe in. But for Fundrise to serve local investors everywhere, they need a JOBS Act that works – not one that has been crippled by erroneous and misplaced fears of fraud.

And this is only the beginning. It’s not to say the journey will be easy, or short – it won’t – but the data can’t be refuted: investment crowdfunding works.

I’ve published my source research. A direct link can be found here. Let’s make this data ubiquitous. Open and accessible to all, and most importantly: impossible to ignore. Let’s encourage critical debate, but for once, definitively bury the notion that investment crowdfunding does not work.

Tony Pittorino's insight:

Long article. But..

 

Point is the Australian Small Scale Offerings Board is getting global recognition as being the first, and most successful crowd-funding platform

 

#crowdfunding, #startup, #capitalraising, #entrepreneur.

 

Take a look @ http://bit.ly/1ayS29f

 

Happy capital raising!

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Business Grants - Three VC firms to oversee government’s $200 million start-up fund

Business Grants - Three VC firms to oversee government’s $200 million start-up fund | Capital raising in Australia | Scoop.it
The federal government has picked three venture capital funds to co-invest at least $200 million into high-growth Australian start-ups via its Innovation Investment Fund.
Tony Pittorino's insight:

 

Government commits $100 million to start-ups.

 

This will be matched $1 for $1 by 3 VC funds, Cargeie Venture Capital, GBS Venture Partnets and Innovation Capital Associations.

 

Carnegie will focus IT, web, clean energy & life sciences.

 

GBS on life sciences.

 

Innovation capital on tech start-ups & high margin service & manufacturing.

 

A good move all in all.

 

Do you have an opportunity out there that could use this funding & support?

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Venture Capital - Opmantek Raises More Than $700,000 On ASSOB

Venture Capital - Opmantek Raises More Than $700,000 On ASSOB | Capital raising in Australia | Scoop.it
Queensland-based IT start-up Opmantek has raised more than $700,000 via the Australian Small Scale Offerings Board, one year after partnering with a Mexican telco giant.
Tony Pittorino's insight:

Another ASSOB success - well done Opmantek, and well done Bluemount Capital.

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The 10 Hottest Startups In Australia Right Now

The 10 Hottest Startups In Australia Right Now | Capital raising in Australia | Scoop.it
Look out, Silicon Valley.
Tony Pittorino's insight:

 

It's great to see such a burgeoning start-up scene in Australia.

 

The changing landscape now means that start-ups can definitely establish a beach head here - i.e. Silicon Beach!

 

No longer is there the knee jerk reaction to get out of Australia to get your new business up and running.

 

Australia is now a much more fertile arena for building and growing new businesses.

 

There are certain advantages about being down-under. Australia is a truly representative sub-market of the bigger markets of the US and Europe. In a way it could be seen as a global test market.

 

Another plus is it's proximity to Asia, and the incredible talent pool and markets that this region offers.

 

There is one area lacking, and that is venture capital and funding. It's moving, and I guess it will never match the behemoth US start-up market,but what it certainly can do is create an environment that gives new businesses that boost, that leg up.

 

Successes such as Virtual Gaming Worlds and earl-stage capital platforms such as the Australian Small Scale Offerings Board are encouraging. 

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