Biggest stories from February 2023 to August 2023
Market is challenging for Founders and Investors.
- New funds – CSIRO-linked Main Sequence VC raised $450m
- Possible Ventures raised half of their target $100m
- OIF Ventures raised $55m for opportunity fund
- Side Stage Ventures raised the first $15 million of a new $30 million fund
- Supposedly 9 funds trying to raise from LPs currently Startups funded
- Mining Tech startup Plotlogic raised $43m
- HealthTech Eucalyptus raised $50m
- DroneTech Propeller raised $22m
Pre-seed/seed stage investments Startup exits
- Rezdy sold to PE for over $100m
- MyProsperity acquired for $50m Startups dying
- Delivery startups like Milkrun are gone
- Celebrity chef’s tech firm Providoor collapsed IPO window closed \
Chatter is happening and secondaries are alive
- SafetyCulture hits $2.7b valuation, plans $500m share sale
- ROKT preparing for 2024 IPO
- Blackbird completed a $150m (3%) sell down of Canva stock with talk of an IPO on the horizon …
In other news
- Canva named #1 Best Workplace for Innovators by Fast Company
- X vs Meta (fka Twitter vs Facebook)
- Meta launched Threads
- Twitter rebranded to X and appointed CEO Linda Yaccarino
- Cage, Octogon or Italy fight on the cards in Musk vs Zuck
- New docuseries on Apple TV and Google Play – Explores the origins and challenges of some of Australia’s biggest start-ups including Canva, SafetyCulture, Finder, and Brighte.
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