
Meet venture capital’s first woman billionaire
The Indonesian immigrant, former figure skater and early Facebook investor is America’s first and only billionaire female venture capitalist.
The Indonesian immigrant, former figure skater and early Facebook investor is America’s first and only billionaire female venture capitalist.
I flew from New York to Miami recently, invited to spend a day inside a VC office. This brief trip with Fuel Venture Capital was a masterclass in the relentless spirit that drives the top businesses to succeed.
Tech unicorn Employment Hero has announced a $263 million Series F round to fuel its rapid global expansion, the company revealed on October 19.
Australian hospitality tech platform Ordermentum has acquired food marketplace Foodbomb and raised $16 million in a bid to accelerate its national growth strategy and to further digitise the food and beverage industry.
Startups in Victoria were valued at $50 billion in 2020. Now close to double that, the Garden State’s startup ecosystem has outperformed growth expectations.
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Innovative firms serving the back office needs of Wall Street and other large enterprises continue to prosper, with promising new startups in a crucial niche–fraud prevention–sprouting.
In the first three months of 2023, Australian startups reported $661 million of capital raised across 82 deals. That was less than 50% of reported capital raised in Q1 of 2021 and 20% of Q1 in 2022, according to Cut Through Ventures’ quarterly report.
The amount was also less than half the level raised in the preceding three months.
It is easier than ever to launch a startup – which is why it is also more competitive than ever.