Was this one of the biggest weeks ever in Australian tech? Perhaps shark tank has inspired imaginations nationally with their weekly burning and sometimes booming support for entrepreneurs.
Here are just some of the deals we have seen –
$2.1b MYOB listing on ASX – accounting software for small business
$855m Menulog trade sale – takeaway food ordering
$500m Link Market Services – share registry software announces intention to sell
$340m Sumo Salad – deal announced for this salad bar retailer, not tech but enabled by tech at point of sale and in supply chain
$850K each by two Muru-D companies – recently having passed through this Telstra accelerator which a strong set of Chinese connections in this cohort (class#2)
$500K by an iCentral.Co community member company Gamurs.Net – from 9 private investors
$50K in 50 hours on kickstarter raised by SydStart winner GoFar – the car computer gurus based out of Fishburners in Ultimo. They have exceeded their target by about 40% as of today with weeks left to run.
Plus we are already at 40+ and rapidly approaching a nice round 50 ASX companies in one year that are tech primary or backdoor listing on the stock market.
Local companies also announced major deals with Wurble (linkedin for tradies) also based at iCentral.Co about to go into beta and saasu (main xero competitor pure play accounting software-as-a-service) doing an exclusive deal with westpac.
Local Westpac affiliated innovation group Reinventure about to announce 4+ deals including ones with the very best of the best US innovation VCs.
New tech startup community space iCentral.Co (by The Start Society) passed 250 applications and over 100 have been approved.
Plus NZ companies are also smashing it with Xero software announcing record volumes and sales.
PR has also been running hot with BRW now almost entirely startup articles and dedicated disruption sections launching in AFR and over a dozen articles in mainstream papers just in the first half of the week.
Plus major pitching sessions from Telstra Muru-D at their new $87m facility at 400 George plus Blue Chilli in York St, iCentral.Co by The Start Society in Sussex St opposite Darling Park by Founder Institute plus CeBIT out West at Homebush – most of these were on just one night!
In Melbourne, plans are afoot for a 800+sqm tech space near Spencer St station, York Butter Factory is also taking over another floor, SAS ran an amazing conference with the Trans Tasman Business Circle (narrowly missing the Logies afterparty – both at the Crown) and tech startup space TeamSquare is booming.
Regionally the lion is roaring (or perhaps we should say something about dingos?) with Newcastle seeing multiple rejuvenation efforts and startup reaching out to each other from Bega to Wagga to Bali and the Gold Coast.
This is getting real.