Company
Melbourne, VIC
Every investor coverage indicates participated in a round Australian Open raised.
Companies Australian Open acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Australian Open. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Two founders of a luggage brand have bought a fifth of a water bottle maker at a ten-million-dollar valuation, with the money going into growth rather than to sellers, and a new bottle launching soon.
Advisers warn that ATO audits and years-later repayment demands are destabilising firms claiming the R&D tax incentive, citing BindiMaps' administration and sale, as the government prepares to overhaul the scheme from 2028.
BindiMaps has exited administration with fresh owners set to broaden its commercial focus; the piece recalls earlier Artesian backing and a $1 million NSW government grant.
Tennis Australia's venture arm AO Ventures has reached a first close on its new sports, media and health tech fund with about $49 million committed by local and international backers.
Karta, an Australian gift-card platform, has struck a US deal with Visa, having earlier raised a pre-seed round above $21 million, most of it from Commonwealth Bank.
Profile of BindiMaps, a Sydney accessibility wayfinding app founded in 2017, covering its SheStarts grant origins, early funding, customers across Australia and overseas, and expansion plans.
Envirotech startup Samsara has raised $6 million from Main Sequence, W23 and the CEFC to build a recycling plant and grow its enzyme-based plastics technology team.
Techstars is launching a sportstech accelerator in Melbourne with LaunchVic, Tennis Australia and Victoria University, based at Melbourne Park, taking ten startups annually from 2020, with applications opening in September.