Venture Capital investment in Western Australia has significantly slowed, falling from $140 million in 2023 to $80 million in 2024, according to a new report.
Perth-based Purpose Ventures has deployed almost 10 per cent of its $46 million fund in its first year of operations, including a recent top-up of its stake in startup PlanCare.
Perth-based startup fund Purpose Ventures has maintained its local focus, with its first $3 million fully invested in WA companies, the latest being pharmacogenomics company Gene S.
Purpose Ventures, a new fund to invest in Western Australian startups, has raised at least $37 million, including a $10 million foundation investment from a major local entrepreneur.
Perth gaming billionaire Laurence Escalante and US venture capital fund Dream Ventures have contributed to a $7 million capital raising by fast-growing local startup WeMoney.
Perth giving circle Meridian Global Foundation has partnered with not-for-profit Medical Oxygen for All to help $1.1 million in fundraising reach India.
Accelerator programs are a practical way to encourage the early-stage tech scene, putting fledgling startups through a three-to-six-month program of mentoring, and providing equity funding.
Leaders from Perth's investment community are urging startups to remain resilient during the COVID-19 pandemic, noting that ventures considered to be responding to the crisis will continue to receive funding.
BetterLabs Ventures, RAC's early stage seed fund, has become WA's largest venture capital fund with the announcement last night it had expanded to $23 million.
The Royal Flying Doctor Service has been selected as Western Australia's tech company of the year for 2019 with Robert Nathan, Derek Gerrard and Alerte Digital Health among other winners in the annual INCITE awards.
Startup businesses in Perth have access to a new source of funding after the Royal Automobile Club of WA launched a $3 million investment fund last night, while also disclosing it is a substantial shareholder in fast growing blockchain business Power Ledger.
Fundraising ‘giving groups' Meridian Global Foundation, Impact100 WA and 100 Women are defying the economic slowdown, having raised a total of $1.1 million between them during the past three years.
Rapidly growing online booking company HealthEngine has gained backing from newly established private equity group Go Capital and carsales.com.au founder Greg Roebuck in its latest $5 million capit
Tired of unproductive business meetings? GroupMap collects responses from individuals, combines them into a group view for discussion, prioritisation and decision making. It can be used for board and strategy meetings, staff consultation and anything in between.
Sydney-based networking group Innovation Bay is expanding to Perth, aiming to give technology entrepreneurs a new pathway to attract seed capital from angel investors.
