I took the liberty of taking an extra week off last given the slower news and funding cycle - so this week is a wrap up of the last fortnight.

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Short and sweet to round out the year, with just the two funding rounds announced. As expected at this time of the year, most companies are likely opting to hold till the new year picks up again in mid to late January before publicly announcing.

It’s been interesting to compare funding activity in December year on year.

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ICYMI - this week I launched the first edition of a new annual series; This Year in Australian Startups.

You can check out the wrap up below, featuring some of Australia’s best minds in tech.

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This week I republished two articles and wrote a new one as part of a longer piece I’ve title ‘The Battle for Online Groceries in Australia’.

In the last couple of years we've seen the rise and fall of Send, Voly, and Quicko - this left MILKRUN left standing as the last player.

They were then faced with a consolidation of their own, not immune to the pos…

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ICMYI or are wondering why something looks different with the newsletter/website it’s because it is different!

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So this is actually edition #95, not #94 in case you’ve been counting - turns out I double counted #86 by mistake!

If you’re in Sydney this week make sure to come along the Startup Palette Show on Thursday where the topic this is all about scaling successful consumer businesses.

A great lineup of speakers including;

• Elli Hanson: Co-Founder of Flaus (TIME M…

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Lots of travel this week and more planned ahead next week so it’ll be light on the writing front in today’s edition, as it will be for next week too. Instead I’ll be doing a monthly write up in the first edition of December.

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Not the biggest news week, and I’ve been on the road myself (literally). Driving down from Sydney to Melbourne, and I think I’ve cracked the perfect time to leave, especially with a 2 year old for any other parents that might be reading this.

We beat the traffic to get out Sydney and got a good 2-3 hours on the motorway before the little one woke up - o…

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A busy weekend with family visiting - mostly involving me running around (attempting to) my daughter and niece, so short and sweet just with the updates below :)

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We are back to our regularly scheduled programming after about 2 months of Last Week in Australian Startups. If you have strong opinions about keeping it to Monday’s let me know and I’ll take into consideration for 2025.

So this week’s biggest news pieces have been…

1. WiseTech founder Richard White embroiled in scandals finally resigns

I’ve counted, on av…

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A big week for Australian tech, plenty of news circulating on all that happened at SXSW and the Startmate demo day which I won’t repeat. I was fortunate to be able to attend the Remarkable Tech Demo Day where 5 startups from the 2024 Global Cohort were able to showcase what they’ve been building.

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Cut Through Venture released the Q3 2024 recap last week (see full report here), the tl;dr is on page 5 but here’s some of my observations from the report;

Q3 2024 saw total funding drop significantly compared to the previous quarter, hitting a multi-quarter low of $695M. Despite this decline, total deal announcements increased, indicating continued inve…

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A quiet news cycle last week leading up to the Labour day public holiday today in NSW. Nothing to report on in detail but another healthy week of funding with $60M raised.

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$76.42M raised last week across 6 rounds (below) - another steady week and I imagine we’ll see more of these weeks come before the year closes.

The main driver will be startups looking to announce rather than deals not being done. There’ll be plenty of deals done in late Q4 this year that likely won’t get announced till early 2025.

Acquisitions continue t…

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Results of the poll last week below, so another ‘last’ week in Australian startup edition for your inbox.

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I’ve been out of action most of the weekend with a sinus infection unfortunately, so I haven’t had the time to go as deep into some of the interesting news pieces this week. I think I’ll still get to them over the next month or so as there’s some interesting angles to breakdown.

It’s also a few times now that TWIAS has gone out on a Monday - personally …

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I was away this weekend and as with most trips you always think you have more time than you actually do when you get back home, hence the day late post and a quick round up on the key ASX updates in tech;

• Appen reduces losses by $25.5m, share price regains ground lost from Google contract termination (BNA)

• Dubber at risk of insolvency as auditors flag 'ma…

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The tech consolidation continues with M&A across the board - this week it’s Sitemate that has acquired Nomad Fleet.

As with most initiatives in the post ZIRP era, it’s profitability driving these types of decisions. But consolidation isn’t just limited to M&A, it’s also internal within a company. This week Uber announced it’s shutting down it’s car shari…

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$53.05M in funding this week Hapana ($17.3M), Aglow ($1.25M) , Kinoxis Therapeutics ($14.5M), DeCarice (Undisclosed) and Proto Axiom ($20M).

I also missed Apromore’s funding from last week of $22.9M, taking the total funding last week to $48.75M.

It’s been a busy week and nothing this week has warranted the time for a thorough deep dive - but two piece of…

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