News Articles

Deals 07 Apr 2026

Purpose takes stake in WA-linked UK startup

Steinberg family-backed fund Purpose Ventures has reached across the globe for its latest investment, a UK-based platform for software engineers founded by entrepreneurs from Perth.

Derek Gerrard (left), Malcolm Steinberg and Jan Stewart from Malka Foundation. Photo: Michael O’Brien

Education 07 Apr 2025

Malka fosters entrepreneurial ecosystem

Malcolm Steinberg's philanthropic Malka Foundation extends the boundaries of enterprising education.

Purpose Ventures general partners Derek (left) and Kylie (right) Gerrard. Photo: David Henry.

Technology, Innovation & Science 10 Feb 2025

WA slips in VC funding share

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.

Deals 04 Apr 2024

PlanCare takes Purpose to 10pc invested

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.

North-West 18 Dec 2023

Hubs to grow innovator ecosystem

A new hub in the north-west is another step in building an innovation ecosystem in the region.

Health 13 Nov 2023

Purpose lands fourth deal with Gene S

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.

Financial Services 06 Oct 2023

Purpose expands fund size, takes stake in IDEA

Newly launched investment fund Purpose Ventures has boosted its war chest to $45 million and made its third commitment, to a local education startup.

Financial Services 29 Mar 2023

Promise of new era in venture capital

Three new local funds proposing to focus on early-stage investment are raising expectations.

Deals 27 Mar 2023

Purpose Ventures raises $37m

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.

Opinion 14 Mar 2023

VC funds boost for startups

Local venture capital is what fledgling entrepreneurs need.

Deals 21 Feb 2023

New VC funds win state support

Some of Perth's most experienced venture capitalists are seeking to raise more than $100 million for startup investment.

Deals 11 Jul 2022

Perth fintech raises $7m

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.

Cultural Industries 20 May 2021

Meridian Global pitches in during India's COVID-19 crisis

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.

Opinion 09 Sep 2020

Pushing the accelerator button

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.

Technology, Innovation & Science 23 Apr 2020

Investors look beyond survival capital

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.

News 29 Jan 2020

BetterLabs expands fund to $23m

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.

Technology, Innovation & Science 17 Jun 2019

Surprise win in WA tech awards

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.

Financial Services 25 Sep 2018

New funding for business

Two recent initiatives have created new funding options for startups and proprietary companies in WA.

Technology, Innovation & Science 12 Sep 2018

RAC launches $3m seed fund

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.

Cultural Industries 02 Nov 2017

A hands-on approach to generosity

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.

Small Business 14 Mar 2017

Tech players rue poor connection

There are plenty of people who want success for the local startup scene, but fewer seem willing to commit to fund it.

Deals 07 Dec 2015

Go Capital backs HealthEngine

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

Small Business 12 Jun 2015

App/tech business of the week – GroupMap

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.

Cultural Industries 19 Jan 2015

Innovation group targets tech entrepreneurs

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.

Technology, Innovation & Science 03 Oct 2014

App/tech business of the week – Greensense

Sustainability monitoring and reporting software.

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