Carnegie continues Techboard run

28/10/2016 - 09:53


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Carnegie Wave Energy has topped Techboard’s startup ranking this fortnight, following the announcement of its acquisition of fellow cleantech Energy Made Clean (ranked second) for $13 million earlier this week.

Carnegie Wave Energy has topped Techboard’s startup ranking this fortnight, following the announcement of its acquisition of fellow cleantech Energy Made Clean (ranked second) for $13 million earlier this week.

The company had taken a 35 per cent strategic stake in its target earlier this year, and is now buying out the remaining 65 per cent through a combination of shares and cash.

Carnegie also secured a $3.69 million debt financing agreement last week. 

It received broad media coverage and saw improvements in its website ranking and time on site.

Property portal has ranked third, following a $5 million capital raising through a rights issue and placement.

ResApp Health, ranked sixth, won the Innovation Excellence Award at Tech 23, resulting in strong social media engagement scores.

BrainChip Holdings and ePAT Technologies complete the top five.

Both companies have completed RTOs this year, with ePAT entering its first day of trading on the ASX last week, and picking up two nominations from Techboard’s panel of experts.

Brainchip, which completed its listing earlier in the year, has this week raised a further $5.4 million in an over-subscribed capital raising.

With so many tech IPOs and RTOs of late there are few unlisted companies in this period’s top ten.

Along with Energy Made Clean the only other is AtlasTrend, ranked seventh.

The startup offers clients online access to proprietary investment insights and an easy way to invest in four exclusive global equities funds.

It announced completion of a $2.8 million seed round to grow its online investment platform, led by Alfred Street Investment Partners.

The fintech also saw strong social media engagement over the period.

Other unlisted startups among the top twenty this fortnight include Yabble and Prevyou, which were among half a dozen startups to complete the Vocus Upstart accelerator and pitch to investors at Spacecubed earlier this week.

Both companies picked up a nomination from the panel of experts. The Upstart cohort will be going on an inter-state roadshow next month.

Other noteworthy startup accomplishments and milestones this fortnight include media company TV2U announcing a deal with an Indonesian telecommunications company, Fastbrick Robotics‘ Mike Pivac ranking 47th in Business Insider‘s AU Tech 100, and Nuheara announcing a $5 million capital raising to fund production of its IQbuds. 


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