Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement


This Month

Singapore-based Rohit Agarwal says Peak XV’s partners have travelled to Australia monthly this year to get to know Aussie start-up founders.

The $1.3b fund targeting Aussie start-up founders

The VC firm formerly known as Sequoia India is looking to place more bets on Aussie founders looking past the collapse of grocery delivery start-up Voly.

  • Tess Bennett
Jonathan Barouch’s company Local Measure has grown rapidly since a pandemic product pivot.

High-profile founders cash in as tech investor confidence returns

Big funding rounds are returning to the Australian tech centres and Local Measure and Darwinium are the latest to raise without hurting their valuations.

  • Paul Smith and Tess Bennett
Rayn Ong has already received $1 million back from his $250,000 investment in Blackbird’s first fund, but says he still has about $7.45 million of ‘on paper’ value still to receive.

Good luck, rich parents and Canva: how Blackbird made millionaires

The names of some of those making a fortune from Blackbird’s first VC fund are surprising. One of them, Rayn Ong, says his good fortune was ‘life-changing’.

  • Paul Smith

Collapsed Providoor re-emerges, bringing celeb chef meals to your home

The high-end restaurant marketplace has been scooped up by Sam Benjamin, who runs Sydney-based Seventh Street Ventures.

  • Paul Smith

Call centre AI pivot (and AWS surge) helps Local Measure raise $7.9m

The Funded blog is the new home for news on the tech deals that are done in Australia, as soon as we hear about them.

  • Updated
  • Paul Smith
Employment Hero co-founders Ben Thompson and Dave Tong have attracted more big US investment, and plan to crack the UK.

Employment Hero secures $263m in year’s biggest capital raising

The human resources technology firm has shrugged off depressed private tech market sentiment and is now valued at just shy of $2 billion.

  • Paul Smith
Doug Hilton

Big ideas trump commercialisation for new CSIRO boss

Doug Hilton has laid out plans for it to help answer the big questions facing society, while also making some money along the way.

  • Updated
  • Tess Bennett
Canva, led by co-founder and chief executive Melanie Perkins, has been one of the biggest successes for Australia’s venture capital sector.

Canva won’t list before 2025, but investors will still get rich soon

The graphic design software company is such a success that guessing when its IPO will be held has become a parlour game for the Australian technology sector.

  • Nick Bonyhady
Mike Cannon-Brookes’ Atlassian splashed out big money to buy Loom last week.

When Atlassian buying your start-up for $1.5b is a mixed bag

The Aussie software giant paid a fortune for a video-messaging tech firm on Friday. But what was behind the deal, and was it a good idea?

  • Nick Bonyhady
GovConnex UK manager William Wright at the Labour Party conference in Liverpool.

The Aussie tech start-up trying to crack the corridors of Westminster

GovConnex, a tech platform for lobbyists, is barely out of the blocks at home but already eyeing up Britain. Here’s their plan to get a foot in the door.

  • Hans van Leeuwen
Skykraft CEO Dr Michael Frater.

Big money is back as space tech start-up raises $120m

Skykraft, which is building satellites to communicate with aircraft in flight anywhere in the world, has closed one of the year’s biggest investments.

  • Paul Smith
Anthony Healy, CEO of the Australian Business Growth Fund, in Melbourne.

Big four-backed growth fund hunts for cutting-edge investment ideas

Australian Business Growth Fund chief Anthony Healy wants to inject more capital into sectors such as technology, cybersecurity, manufacturing and defence.

  • John Kehoe
Lachlan Murdoch, now executive chairman of both News Corp and Fox.

Lachlan Murdoch asked Google chief to lift ban on start-up he backed

Failed Aussie start-up Unlockd has made a last-ditch plea to a US judge to let it take Google to court for banning its app before investing millions in a rival.

  • Paul Smith
Canva co-founders (from left) Cliff Obrecht, Cameron Adams and Melanie Perkins.

Big business used to offshore jobs. Canva is helping start-ups do it too

Growing start-ups are increasingly hiring in Manila, the low-cost outsourcing destination that has grown beyond stereotypical customer service roles.

  • Nick Bonyhady
Milkrun founder Dany Milham’s nous for branding gave his company a huge public profile. But the business lost millions.

Milkrun investors to get back less than 20¢ in the dollar

The company went into liquidation with enough money to repay all its suppliers, staff and landlords, unlike some start-ups that end up depending on the taxpayer.

  • Updated
  • Nick Bonyhady

Forrest, Denholm families unite to create more female millionaires

Aliavia Ventures co-founder Marisa Warren says women in venture capital are still underrepresented at the general and managing partner level.

  • Tess Bennett
Propeller Aero co-founder and CEO Rory San Miguel.

‘Nice to charge in USD’: Aussie start-ups’ unexpected boon

Australian technology companies that have their workers in Australia and most customers in the United States are winners from the dollar’s weakness.

  • Nick Bonyhady and Tess Bennett

 Generic picture of cocaine cut in a line.

Eucalyptus’ Pilot makes pitch to randy coke fiends

It’s a brief pivot from the annoyances of “coke dick” to spruiking Pilot’s erectile dysfunction treatments.

  • Myriam Robin
Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arriving at court in August.

Australian FTX creditors’ long wait | Metigy investors’ texts | A closer look at Airwallex

The Australian Financial Review’s new tech newsletter The Download takes an insightful look at the week’s biggest tech stories, deals and trends.

  • Nick Bonyhady
Former Airwallex staff said they felt partly motivated to write more negative reviews on Glassdoor because they believed newer employees were being encouraged to write positive reviews after just being hired.

The Glassdoor post that spelt out Airwallex grief

Former staff say they felt partly motivated to write more negative reviews because they believed newer employees were being encouraged to write positive ones.

  • Lucas Baird and Jonathan Shapiro