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Biggest stories from mid-September to mid-October

♺ Sentiment Shifting

  • Tech layoffs less, hiring happening
  • Cap raises, M&A activity, IPOs
  • Buzz around for SXSW in Sydney this week

💥M&A Bang

  • Microsoft closes $109b Activision deal (Gaming: Call of Duty)
  • Cisco acquired Splunk for US$28B in cash (Cybersecurity)
  • Atalssian acquired Loom for just under US$1B in cash (video messaging platform)
  • Telstra buys cloud services biz Versent for $268m (cloud computing specialist)

🚀Up + To The Right 

Canva keeps on growing – annualised revenue of $2.7 billion, up 21 per cent since March. 16 million paying subscribers, 150 million monthly users. – Octopus Deploy surpassed US $50M ARR – Data centre giant AirTrunk heading towards $10b-plus IPO

🔪Cut Through Quarterly

  • $739m was raised in Australian the three months to the end of September
  • Down 42% on the same period in last year but plenty of dry powder
  • 57% of investors think that market conditions are better than last quarter, up from 29% in Q2

🍕Investor sentiment changing but long way to go

  • Mr Yum and Me&u merged
  • Spaceship looking to sell?
  • Stake lobs bid for rival Selfwealth at 17.5¢ per share

🎤Spotify Moves Into Audiobooks

🎙️Check out The Contrairians With Adam & Adir

Tobi Skovron and Gavin Appel spearhead our monthly vlog – a must-watch for those seeking insights into the local startup and VC sphere.
Captivating audiences with their infectious enthusiasm for the startup and venture capital landscape, Tobi and Gavin unpack the latest trends and events.
The vlog consistently delivers high-quality, engaging content, covering everything from fundraising, M&A, product launches, new venture funds, and more. Tobi and Gavin rapidly explore each topic, while making complex concepts accessible.
It’s an indispensable resource for those hungry for knowledge about the local startup and VC scene.
Gavin is the Founder and CEO of Ignition Lane, where he advises founders and leaders growing tech companies. He has 25 years of experience in the technology industry across startups, corporates and venture capital. Gavin was a founding VC Partner at Square Peg, an SVP of Product and Technology at Experian, and was one of the first employees and CTO at Hitwise – a venture-backed startup that was acquired for US$240m in 2007.
Tobi is the CEO and co-founder of CreativeCubes.Co, and has over 20 years of entrepreneurial experience across Australia and the U.S.
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