Simon Thomsen

1 week ago | startupdaily.net | Simon Thomsen

The founders of social enterprise Good & Fugly have departed the business suddenly after five years, with OzHarvest Ventures and chef Matt Moran looking to give the “ugly” fruit and vegetables subscription service a second life. Cofounders Richard Tourino and Jonathan Englert announced that the Sydney startup had “ceased trading under our leadership, effective immediately” on Tuesday. “This was not a decision made lightly.

1 week ago | startupdaily.net | Simon Thomsen

Standards Australia has made its first early-stage investment, backing calculation tooling startup CalcTree in $3.8 million pre-Seed round. The found was led by Foundamental, with support from Suffolk Technologies, Antler VC, Autodesk & Bentley employees. Standards Australia’s VC subsidiary, Kungari, invests in businesses innovating to improve safety, efficiency and quality across the economy, and chipped in around a third of the round.

1 week ago | startupdaily.net | Simon Thomsen

Metabolic health monitoring platform Vively has raised $1.6 million in a Seed round as it rolls out its Continuous Glucose Monitoring (CGM) program to tackle pre-diabetes. The round was led by Archangel Ventures with support from Bupa Ventures, the VC arm of not-for-profit private health insurer Bupa, and others. Archangel previously led 2022’s $1.5 million pre-Seed round, three months after cofounder and CEO Tim Veron launched the platform with Michael Pang.

1 week ago | startupdaily.net | Simon Thomsen

Cryptocurrency exchange BTC Markets is on the hunt for a new CEO after Caroline Bowler she’ll step down in early August after five years in the role. The 12-year-old digital asset exchange, which is used by more than 362,000 Australians who’ve traded in excess of $28.2 billion, has engaged Tier One People’s Dexter Cousins to find a new leader, and Bowler has agreed to stay on as acting CEO if no one’s found by her planned August 8 departure date.

1 week ago | startupdaily.net | Simon Thomsen

Standards Australia has made its first early-stage investment, backing calculation tooling startup  in $3.8 million pre-Seed round. The round for CalcTree was led by Foundamental, with support from Suffolk Technologies, Antler VC, Autodesk & Bentley employees. Standards Australia’s VC subsidiary, Kungari, invests in businesses innovating to improve safety, efficiency and quality across the economy, and chipped in around a third of the round.