Page 5 - Cut Through News Today

Colleen Hagerty is an independent journalist specializing in covering disasters, climate change, technology, and politics. She’s been writing about technology for Popular Science since 2021.

The latest figures on Australian tech start-up funding show only $661 million was raised in the first three months of 2023, a huge drop on the previous quarter.

More than a third of Australian start-up investors reported at least one portfolio company collapsing in 2022, while valuations fell by an average of 29 per cent.

New data from KPMG and Techboard suggest Australian start-ups fared better than their global counterparts in 2022, but no one is expecting a market bounce back in 2023.

Some early investors and employees have sold shares in Bruce Buchanan’s e-commerce technology company Rokt, with the round valuing the company at $US2.4 billion.

Some early investors and employees have sold shares in Bruce Buchanan’s e-commerce technology company Rokt, with the round valuing the company at $US2.4 billion.

To be a good venture capitalist, you need a handful of things - curiosity, business experience, ambition, a reliable intuition and a bit of luck.

It’s all about survival of the quickest in a year that has been quite the ride for tech founders whose wealth has plummeted. But there are new signs of life.

For the second month in a row, less than $230 million has been invested in Australian start-ups by VCs, but AirTree’s James Cameron says 2021 was the anomaly.

The tech market has taken a bath globally, but Aussie VC investors have largely kept up the funding in the first half, but they say quieter times are coming.