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Investor · 1 deal

Australian Securities and Investments Commission

Coverage

Stories naming Australian Securities and Investments Commission. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Grant $20m

Recycling Plastics Australia in administration despite plan to fill gap left by REDcycle

South Australian soft plastics recycler Recycling Plastics Australia, recipient of a $20m federal grant, has entered voluntary administration with KPMG appointed, after a major supplier's collapse derailed its plan to fill REDcycle's gap.

2 deals

4 Fintech Startups from Australia to Have on Your Radar in 2026

Profiles four Australian fintechs worth watching in 2026: Fat Zebra, WeMoney, Swyftx and Block Earner, covering their growth, past acquisitions and previously secured funding rounds.

Also Australian FinTech·Fintech News Australia·Fintech News Australia

Unnamed stage $5m

Canadian authorities ban GetSwift's disgraced founders, Bane Hunter and Joel Macdonald, for life

Canada's BC Securities Commission has permanently banned GetSwift cofounders Bane Hunter and Joel Macdonald from directing companies and trading securities, after Australian Federal Court findings of disclosure breaches and unpaid fines.

2 deals

Metigy founder pleads guilty to misleading investors as ASIC case progresses

Metigy co-founder David Fairfull has admitted in court to deceiving investors and misusing his director role, after the marketing software startup's raises were built on fabricated figures before its 2022 collapse.

2 deals

Metigy founder David Faithful pleads guilty to misleading investors and dishonesty over his AI adtech startup

The co-founder and ex-CEO of collapsed marketing software firm Metigy has admitted to deceiving investors and misusing his director role in a corporate regulator prosecution.

Also SmartCompany

Seed $11.5m

Ex-Atlassians score an exit for their AI data security startup after just two years

RecordPoint has bought Redactive AI, a Melbourne data security startup founded by former Atlassian staff, for an undisclosed sum two years after its founding; Felicis and Blackbird co-led its 2024 seed round.

News

RecordPoint launches a free tool for founders to triage data for AI use and track access

Australian data governance company RecordPoint has launched RexCommand, a free platform helping startups detect unauthorised AI tool use and enforce AI policies, with CEO Anthony Woodward warning about shadow AI risks for businesses.

3 deals

A month after its IPO raised $4.3 million, a share price decline for accelerator Scalare Partners has trimmed $6.5m from its market cap

ASX-listed accelerator Scalare Partners has seen its shares fall 28% in the month since listing, cutting its market value, while listed peers Touch Ventures and Bailador back Tixel, Dash and Updoc.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily

Exit / M&A

Online alcohol retailer BoozeBud calls in the administrators amid brutal market for consumer-facing startups

BoozeBud has entered administration, with William Buck's Michael Brereton and Sean Wengel appointed. The piece recounts the online alcohol retailer's 2018 sale to ZX Ventures, its 2020 sale back to founders, and its Get Wines Direct acquisition.

Also Startup Daily·Startup Daily·SmartCompany·Startup Daily

4 deals

The Ignition Lane Wrap: Life in the fast lane. And calling road service

Ignition Lane's weekly wrap: Tiger Global's losses and past Australian bets, MilkRun and TradeSquare closures, Cyara's Spearline acquisition, a Co Ventures pre-seed fund, Square Peg's partner promotion and LaunchVic's 30×30 picks.

11 deals

The Ignition Lane Wrap: Sunrise. Demise. No more pies.

Ignition Lane's weekly tech roundup covering record Australian VC fund raises, several green-tech startup funding rounds, Deliveroo's administration, the FTX collapse, and takeover offers for ELMO and Nitro.

Also Techboard

Funding announcement

BetaCarbon Launches First Platform Enabling Australians to Invest in Australian Carbon via Blockchain

BetaCarbon has launched a blockchain platform letting Australians buy tokenised Australian carbon credits from one dollar, having already sold over four million dollars of tokens, with backing from several investment funds.

Unnamed stage $24m

Logistics software startup GetSwift is dead in Australia, on life support in the US

GetSwift's Australian subsidiary has been put into liquidation with KordaMentha, while its US-listed parent filed for Chapter 11 after court findings over misleading customer deal announcements; earlier ASX listing and raises are recalled.

Also Startup Daily

9 deals

Ignition Lane's Weekly Wrap: Intersekt highlights, $100m Kiwi exit, tech sucker trade, the week in raises

A weekly technology roundup reporting a New Zealand booking software firm's sale, an Australian beauty retailer's acquisition, several venture raises, executive share sales at an e-commerce firm, and a new government fund committee.

Also SmartCompany·Startup Daily

Unnamed stage

Arxxus — where did it all go wrong?

Long-time Australian Salesforce integrator Arxxus went into liquidation in February 2020 owing millions, including to Salesforce Ventures; the piece retraces its funded rise and rapid financial collapse.

Also ARN (ARNnet)

3 deals

5 things you should know about tech today

Daily roundup covering an insider-trading case involving ASX-listed Innate Immunotherapeutics, Klarna's first Australian retail deal, health-tech raises by Adherium and Prospection, and the administration of Calombaris's restaurant group.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·prospection.com

Unnamed stage $20m

Booktopia raises $20 million with plan to become Australia's largest book retailer

Online bookseller Booktopia has closed a $20 million equity deal led by private investors Su-Ming Wong and John Sampson, shortly after acquiring the collapsed Co-op Bookshop, as founder Tony Nash targets retail dominance.

Also SmartCompany

Exit / M&A

Millenium Kapital head towards IPO as they acquire 100% of Paramount Capital Advisors

Millenium Kapital's investor update reports a completed buyout of its Sierra Leone subsidiary, a planned London and Australian dual listing, a continuing pre-IPO raise, and a new South-East Asia representative.

Series A $1.5m

Financial advisers are backing a crowdfunding campaign for an $11 million independent ratings startup

Adviser Ratings, a Sydney-based startup that rates financial advisers, has launched a Series A crowdfunding campaign on Birchal, seeking $1.5 million toward marketplace and licensee-rating products; shareholders had already put in $1 million.

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