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1 month ago | 
startupdaily.net | Warwick Donaldson |Simon Thomsen |Elaine Stead |Cec Busby
The truth is, a lot of the startups undertaking a capital raise don’t meet the minimum investor expectations for their chosen funding pathway. Rather than reflecting on their readiness or taking responsibility for this, many founders blame investors instead (I wrote an article on it here). But here’s the reality: raising capital is a process, and skipping steps or rushing it often leads to frustration and failure. You as the founder and only you are responsible for this.
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1 month ago | 
startupdaily.net | Tom Williams |Warwick Donaldson |Simon Thomsen |Elaine Stead
Apple says it plans to introduce age assurance technologies which can tell social media platforms if a user is underage, before Australia implements a ban of under-16s from such platforms in late 2025. The tech giant’s announcement pushes back against companies such as Snap and Meta, which have called for device manufacturers like Apple and Google to be responsible for verifying users’ ages at the app store or operating system level, instead of by social media apps.
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1 month ago | 
startupdaily.net | Simon Thomsen |Elaine Stead |Cec Busby |Harrison Polites
Heidi Health cofounders Waleed Mussa, Dr Thomas Kelly and Lu Yui. AI-based doctor clinical notes taker Heidi Health has raised a further $26.8 million (US$16.6m) to top up its 18-month-old Series A.
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1 month ago | 
startupdaily.net | Simon Thomsen |Elaine Stead |Cec Busby |Harrison Polites
Keith Pitt, the cofounder and CEO of software startup Buildkite, has left the business. Company chair Barry Crist portrayed Pitt’s sudden departure without a replace as “part of the normal lifecycle of a technology company”. US-based Crist, a 20-year veteran of developer tools, including leading Chef Software, will be acting CEO as the company hunts for a new leader.
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1 month ago | 
startupdaily.net | Simon Thomsen |Elaine Stead |Cec Busby |Harrison Polites
Total revenue increased 115% to $1.296 million Gross profit rose 173% to $524,719 Underlying EBITDA at -$307,186 before $986,731 in costs for ASX listing. Cash on hand is $3.8 million. The nearly $1 million cost of a backdoor listing on the ASX last year has seen Scalare Partners (ASX: SCP) post a statutory EBITDA loss of $1.294 million for the six months to December 31. The loss exceeds the company’s total revenue of $1,295,718 for the period.
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1 month ago | 
startupdaily.net | Simon Thomsen |Elaine Stead |Cec Busby |Harrison Polites
A Melbourne startup following in the footsteps of Adelaide’s Fleet Space has raised $5 million in Seed funding to launch more satellites scanning earth for critical minerals. The raise for Esper was led by Darwin innovation investor Paspalis Capital and Islamic finance firm Hejaz. The capital injection will underpin the launch of the company’s fourth satellite in 2025, with another four scheduled to orbit Earth in 2026.
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1 month ago | 
startupdaily.net | Elaine Stead |Cec Busby |Harrison Polites |Simon Thomsen
In the blitzkreig of ‘initiatives’ where the new U.S administration, the engine of which has undoubtedly been tech billionaires such as Elon Musk and his brethren, has sought to erase any position, initiative or even accomplishment of any public servant considered to be the result of diversity, equity or inclusion (D.E.I), it has rightly not been the priority of the news cycle.
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2 months ago | 
startupdaily.net | Simon Thomsen |Harrison Polites |Elaine Stead
Venture capital alternative Lighter Capital has built another $30 million fund offering non-dilutive funding to startups, with the Victorian government and iPartners, The 15-year-old revenue-based financier, originally from New York, launched in Australia in 2021, and was subsequently backed by Invest Victoria, the state government’s investment attraction agency, and iPartners, with an initial $30 million fund. They’re repeated that investment for a new $30m facility.
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2 months ago | 
startupdaily.net | Simon Thomsen |Harrison Polites |Elaine Stead
Australian investors poured $4.106 billion into 477 private investments last year according to data analysed in Techboard’s Australian Startup Funding in Review – 2024.
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2 months ago | 
startupdaily.net | Simon Thomsen |Harrison Polites |Elaine Stead
Five Australian startups have scored $3.6 million in Moon to Mars supply chain capability grants as part of NASA’s ambitions to explore beyond chunk of rock orbiting 384,400km from Earth. South Australian company entX scored $1 million to develop a radioisotope heater unit. The unit will help payloads withstand the extreme low temperatures on the moon, significantly extending their lifespan.
