Canva takes the fight to Microsoft and Google for enterprise subscribers
As it reshapes its core creativity products around AI, Canva is also hoping more prosaic productivity features can drive subscriptions.
Entrepreneurs
Brandon Capital’s $60m taypayer-funded biotech bets
Around $60 million in taxpayer funds has been deployed by Brandon Capital to startups working on cancer cures, infection prevention, fibrosis treatment and more. Brandon Capital has deployed around $60 million of National Reconstruction Fund capital across 10 biotech startups over the past year, championing the NRF as helping to keep promising technology in the […]
Diraq pushing its quantum computer to the cloud amid commercialisation race
The Sydney startup will setup a basic quantum computer in an Equinix data centre by October, it said on Tuesday, as it moves to commercialise a technology that’s been in R&D phase for decades. Key Takeaways Key Background Proponents of quantum computing say it could be a US$200 billion industry that will enable fundamental breakthroughs […]
Inside alcheMe: Rebecca Judd’s new formula for tween skincare
As the global tween skincare market charges toward $8.1 billion, entrepreneur Judd joins startup alcheMe to protect Gen Alpha’s skin barrier.
Xero investors protest CEO’s new $25.5m pay pack
Over 70 per cent of eligible shareholders voted against the Xero board’s decision to award Sukhinder Singh Cassidy a target pay package of $25.5 million amid the company’s stock struggles. Key Takeaways Key Background Earlier this week Xero’s board rewarded chief executive Sukhinder Singh Cassidy with a 22 per cent pay rise, lifting her target […]
Blackbird closes record $1 billion fund, but turns ‘cautious’ on AI
Blackbird has raised $1.05b from prestigious global institutions like Morgan Stanley and Schroders to establish the biggest Australian VC fund yet.
Millennials came of age in hustle culture. Now they’re turning to ‘boring’ businesses
Opinion: Millennials grew up during the startup boom. Now, MYOB CEO Paul Robson argues, many are taking a more measured path to business ownership, favouring dependable service businesses with recurring revenue. For much of the past two decades, entrepreneurship has been synonymous with disruption. For many, success was measured in funding rounds, rapid scaling and […]
Beyond the burn: How a trans-Pacific leap built Glasshouse Fragrances
Nicole Eckels turned a personal setback into an impromptu move to Australia and then a home fragrance and candle empire spanning eleven countries.
Australia’s ADHD system made him ‘snap’. Now he’s raised millions to build a new one
Andrew Forrest’s Tenmile and the founders of Go1 have backed a new venture seeking to simplify ADHD assessment and treatment. Seven years ago Zac Altman sold his traveltech startup LoungeBuddy to American Express. Now, following a stint as a VP at the finance giant, Altman has raised $3.5 million in seed funding for a venture […]
SafetyCulture has a new name – and an insurance bet to match
Luke Anear has wanted to change the name of the company he founded for years. Now SafetyCulture has become Mittle as the $2.4 billion startup reshapes itself for the AI era.