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Asides

Aussie AI platform powering bank lending raises $28 million

AI decisioning platform, Rich Data Co, has banked $28 million in a Series B funding round led by Westpac and US cloud banking software firm nCino.

  • By Anastasia Santoreneos
  • Journalist & List Editor

From cover shots to tequila shots: How supermodel Kendall Jenner plans to build a spirits empire

The A-lister debuts on the Forbes 30 Under 30 this year while attempting a transition from model to mogul. Can Jenner’s 818 Tequila stand out in the crowded celebrity spirits space?

  • By Kristin Stoller

Betting on botanicals: Australian DMT research scores $4.5 million

Psychae Therapeutics bagged the raise from Tin Alley Ventures and the University of Melbourne’s pre-seed investment fund.

  • By Shivaune Field
  • Business Journalist

Aerologix raise takes Aussie drone company to new heights

The Sydney-based drone company landed $2 million in a pre-Series A raise. The funds have facilitated the acquisition of Brazilian mapping firm Mappa and the global launch of AerologixMaps.

  • By Shivaune Field
  • Business Journalist

Bondi Sands co-founder’s newest venture after $450 million exit

Iconic Australian self-tan brand Bondi Sands sold to Japanese chemical and cosmetics giant Kao Corporation in August this year, in a deal worth $450 million. Now, co-founder Blair James is on to his next venture, with serial entrepreneur Hamish Buckley. They say they’re staring down a $230 billion opportunity.

  • By Anastasia Santoreneos
  • Journalist & List Editor

Block founder Jack Dorsey’s $3m pledge to Indigenous entrepreneurs

The $3 million investment into First Australians Capital was made through Block’s social impact fund. Block is the Dorsey-founded parent company of Australian fintech super unicorn Afterpay.

  • By Shivaune Field
  • Business Journalist

Glasses full for Sydney brewery after $2 million crowdfunding raise

Its a David versus Goliath battle for the beers. Independent Sydney brewery Philter says the $2 billion Aussie craft beer sector is under assault.

  • By Shivaune Field
  • Business Journalist

Marc Besen, Sussan co-founder, dies at 99

Retail legend and philanthropist, Marc Besen, died on Tuesday, aged 99.

  • By Jane Lindhe
  • Forbes Staff

How a false shoplifting charge inspired this entrepreneur to build an empire

Make Ron Shaich angry and he might build a business to compete against you, or a political party to defeat you. He speaks with Forbes about lessons in business and life.

  • By Diane Brady
  • Forbes Staff

‘Did a lot of damage’: Tim Gurner’s on-stage admission at Forbes Australia Business Summit

Tim Gurner admits he deserved the intense backlash he received after suggesting Australia’s unemployment rate should increase 40 – 50%.

  • By Samuel Hussey
  • Head of News & Life
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