The $500 million offer Lorna Jane refused – and the $28 million ‘bargain’ that followed

From humble beginnings to a global activewear empire, Lorna Jane built more than a fashion label – she created a movement centred on confidence, community and living well.  Subscribe to Forbes Australia for full access to this and all articles today Subscribe     Already a subscriber? Sign In  

Quick Takes: Three entrepreneurs we’re watching right now – Issue 23

Forbes Australia picks out three Australian entrepreneurs who are making waves in the startup space right now. This story features in Issue 23 of Forbes Australia. Tap here to secure your copy. ProcurePro When COVID-19 brought the commercial real estate industry to a standstill, Alastair Blenkin and the team behind property software start-up Hyra iQ began […]

Everlab

Marc’s father died without warning. Now investors value his startup at almost $500 million

Marc Hermann set out to build a healthcare company focused on catching disease before it strikes. Investors have backed that vision with a $65 million funding round. Everlab has raised $65 million at a valuation approaching $500 million, marking what appears to be Australia’s largest medtech capital raise of the year, cementing the Melbourne-based preventive […]

A word from our Editor-in-Chief: Issue 23

When a recent graduation speaker at the University of Central Florida said that we are living in a time of profound change and that “the rise of artificial intelligence is the next industrial revolution”, a video of her speech quickly went viral.  This story features on the cover of Forbes Australia: Issue 23 . Tap here to secure […]

Stille Patty Cripps and Cameron Falloon's longevity retreat

First look inside Patty Cripps’ longevity bet

The Carlton captain has joined BFT founder Cameron Falloon and a group of investors backing Stille, a $10 million Melbourne wellness club that promises elite-athlete recovery tools for everybody – at $200 a week. Patty Cripps spends plenty of time thinking about how to squeeze a few more years out of his AFL career. The […]

SpaceX’s IPO just made Elon Musk the world’s first trillionaire

Rocketmaker SpaceX began trading on the Nasdaq Friday, boosting Musk’s fortune to an estimated $1.1 trillion. Note: This story has been updated to reflect the first day of trading after SpaceX’s historic IPO. Elon Musk just became the first trillionaire in world history. SpaceX’s stock began trading on the Nasdaq Friday at $150 per share […]

The Aussie biotech betting on life after Ozempic

Former pharma executive Karinza Phoenix is raising $5 million and preparing an ASX listing as Myopharm advances a diabetes drug it hopes can complement the GLP-1 giants. Karinza Phoenix hasn’t found it hard raising the $6 million that’s got her biotech firm, Myopharm, onto the fast-track approval process for its Type 2 diabetes drug. “How […]

Why Phil Kearns quit the ASX for a country concrete startup

A chance conversation on a golf course has drawn the former Wallaby and listed-company CEO into a regional manufacturing venture aiming to decarbonise one of the world’s dirtiest industries. Former Wallaby great Phil Kearns was no great fan of Scope 3 emissions requirements and all the other rigmarole he’d had to go through as CEO […]

He watched drone operators drown in data. Now his start-up is worth $100 million

Melbourne defence-tech start-up Arkeus has raised $25 million on its technology born from a founder seeing the frustration of drone operators hunting drugs in the Colombian jungle. Key Takeaways Key Background Simon Olsen was in the jungles of La Macarena, Colombia, where the Andes and Amazon meet, looking for drug operations, when the realisation hit.   […]