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Go1 has defied the tech wreck, raising capital at a huge $3b valuation to fund a $100m acquisition of Blinkist, a German start-up that summarises non-fiction books.
Australia’s most valuable private tech company may delay its annual employee share sale, in a bid to avoid selling stock in a depressed market.
It’s been a good week for Sydney’s trophy home market which has clocked up a $69 million and $40 million deals in quick succession.
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.
Start-ups are tightening their treasury policies and weighing up new banking relationships as SVB deposits are returned.