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Technology

Start-ups

This Month

Founder and CEO of Clutch Glue Annabel Hay, whose company has had one of the largest pre-seed rounds globally.

The ill-fitting nightclub top behind a multimillion-dollar business

When Annabel Hay’s fashion tape let her down on a nightclub dance floor, her wardrobe malfunction became a fast-growing company selling modesty-saving glue.

  • Updated
  • Amelia McGuire
Tandem co-founder Lauren Humphrey at the AFR’s Entrepreneur Summit earlier this year.

Blackbird-backed HR start-up shuts down due to lack of demand

The employee feedback start-up’s founder admitted there was little customer demand for her business despite having raised almost $10 million three years ago.

  • Amelia McGuire
Jo Stanley, Jay Curtain and Lauren Allen were the most successful crowdfunders on the Birchal platform this year.

Sidelined by VCs, women are taking their start-up ideas to the public

The three biggest raises of 2024 on Birchal, the country’s dominant equity crowdfunding platform, are businesses run by women. And largely backed by women.

  • Yolanda Redrup
Zeller founder Ben Pfisterer says he “learnt the craft of trying to get stuff done” when he tried pioneering contactless payments at NAB.

‘Find what makes you happy’: From zero to $1b in two years

Zeller’s Ben Pfisterer brought Square to Australia after stints at Jetstar, NAB and Visa. He has based his career on one piece of advice – from his parents.

  • Yolanda Redrup

November

Ajust founder Thomas Kaldor.

This Australian AI start-up wants you to complain more

Backed by Carthona Capital, Ajust is a consumer start-up that offers to fight your customer service battles on your behalf.

  • Amelia McGuire
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Fast 100 founders: Outcast cofounder Paris Marchant, MCo Beauty founder Shelley Sullivan, and Medevac Flights founder William Cassidy.

Revealed: Australia’s fastest-growing companies in 2024

In a tough consumer environment, this year’s Fast 100 and Fast Starters finalists have managed to find their niche.

  • Victoria Thieberger
Medevac Flights founder William Cassidy.

This is the fastest-growing company in Australia

Founded by an ex-banker, this air ambulance start-up has achieved 700 per cent revenue growth thanks to business from the cruise industry.

  • Primrose Riordan

Why this entrepreneur does tech differently

From food to climate, innovators saw problems in the tech sector and took action to make things right.

  • Christopher Niesche
JustFund came fifth in the Australian Financial Review’s Fast Starters list for 2024.

The start-ups challenging big banks on loans and payments

These top 5 fintechs on the Fast Starters list have found gaps in the market where the big banks fear to tread.

  • Amelia McGuire

Meet the skincare company with 460pc growth

Identifying a niche is easy. Filling it – at scale – is the challenge, as these successful founders discovered.

  • Lauren Sams
David Elia is the chief executive of Hostplus. The superannuation giant has been a big backer of venture capital.

Hostplus’ $125m VC bet signals super’s resurgent interest in start-ups

Higher financing costs have made it a difficult period for new tech firms. But the last month has seen a resurgence in interest from retirement funds.

  • Paul Smith
Kelly Steckelberg is joining Canva to help its co-founders execute on a closely-watched public listing.

Who is Canva’s new Wall Street weapon?

Canva’s new chief financial officer Kelly Steckelberg has seen the highs and the lows of the tech boom, and starts on Tuesday as Canva heads to an IPO.

  • Amelia McGuire
Illustration: Matt Davidson

Tech companies must stop waiting for interest rate relief

Start-ups crave low borrowing costs because it makes investors more likely to back them, but they must adapt now that rates could remain high.

  • Ben Buckingham
Benjamin Humphrey, a co-founder of Sydney start-up Dovetail, had the pick of VCs to invest in his company. It is far from a universal position for a startup to be in.

Dovetail employee sues start-up and founder over personal relationship

The survey analytics software company, which sealed its status as a unicorn with a $1 billion valuation in late 2021, is backed by large funds such as Blackbird.

  • Amelia McGuire
Hort Innovation is trialling the use of microdrones to pollinate plants.

Aussie VC Artesian, horticulture R&D group partner to launch $60m fund

The new fund, dubbed Hort Innovation Venture Fund, will target up to 30 local and international startups for pre-seed or early series A funding.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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Mr Yum co-founder Kim Teo pictured with me&u founder Stevan Premutico when the merger was finalised.

Popular restaurant ordering app me&u lays off 10pc of staff

The company, which says it is the world’s biggest mobile ordering app for pubs and cafes, merged with rival Mr Yum last year. It is cutting workers in the hopes of reaching profitability.

  • Paul Smith
AirTree Ventures partners Jackie Vullinghs, John Henderson, Helen Norton, James Cameron, Craig Blair and Elicia McDonald will have  $650 million more to deploy.

Airtree raises $650m for new start-up investment funds

The money for the high-profile venture capital firm’s two new vehicles came from institutional investors in the US and from three Australian super funds.

  • Paul Smith
Canva.

Canva poaches a mastermind of Zoom’s IPO

The appointment ends eight months of speculation after Canva’s former chief financial officer stepped down after allegations of misconduct.

  • Updated
  • Amelia McGuire
Cicada boss Sally Ann Williams.

A top CEO reveals what you shouldn’t do in a job interview

Cicada Innovations chief Sally-Ann Williams discusses tips when trying to advance your career, and the thing she does every morning to make better decisions.

  • Sally Patten and Martin Peralta
QIC investment director Lottie Bryon, private equity partner Nick Guest and private equity analyst Eden Peterson.

QIC bets on Aussie climate tech companies, backs $200m VC

Queensland’s sovereign fund has joined Westpac and Clean Energy Finance Corporation in backing Virescent Ventures’ second climate-focused fund.

  • Sarah Thompson, Kanika Sood and Emma Rapaport