Entrepreneurs

Bae Juice, armed with $1 million from online gambling magnate Laurence Escalante, learns how hard it is to take a drinks brand to the US.

Up until now, Adelaide-headquartered startup Cropify has been bootstrapped by its co-founders. The fundraise will accelerate the commercialisation of the AI-driven technology domestically and set the company up to export its expertise internationally.

Six Australian companies have earned spots on the 2024 Forbes Asia 100 to Watch list. The annual list, now in its fourth year, highlights emerging businesses across the region, with this year’s entries collectively raising over $2 billion in funding.

Ten-year-old startup Andela, valued at $1.5 billion, expects to grow its tech contractor marketplace by 15% this year.

Suppliers of magic-mushroom-derived psilocybin and MDMA, aka ecstacy, are rushing to meet the market created by Australia having allowed their clinical use. Two founders speak to Forbes Australia.

One of Australia’s most promising companies that builds no code software programs for the construction, oil, gas and mining industries, has acquired startup Nomad. Sitemate founder Harley Pike tells Forbes Australia exclusively how the Nomad will accelerate Sitemate’s mission

Of the Next Billion-Dollar Startups list’s 225 alumni, 131, or 58%, became unicorns, including DoorDash, Figma, Anduril, Benchling and Rippling. This year, the list is dominated by artificial intelligence.

Until last month, Jessy Wu was a Partner at a venture capital fund. In this piece, she explains how she made the decision to leave, and go all-in on building an AI-enhanced professional services company.

Forbes released its list of 25 venture-backed startups most likely to reach a USD$1 billion valuation. Melbourne’s Chris Power and his LA-headquartered aerospace manufacturing firm Hadrian made the cut.

Eighteen Australian companies have made Forbes Asia’s Best Under a Billion list, which highlights 200 Asia-Pacific public companies with less than $1 billion in revenue and consistent top-and-bottom-line growth.