1. Karen Lawson takes on the top job at Slingshot. The former CEO of CareerOne will head the corporate startup accelerator after five months as head of innovation for its corporate Scaleup program.
“Slingshot plays a unique role in helping corporates innovate,” said Lawson. “Driving transformation is extremely challenging. It starts with us building the innovation capital within a business. Startup’s bring ideas, corporates bring scale. Enabling collaboration between these huge forces in our economy is how we turn ideas into impact, on a global scale.”
Since launching in 2012, companies in SlingShot programs now have a combined market capitalisation in excess of $60 million, creating 98 full-time jobs.
2. TruRating has secured another $16.5 million, bringing the company’s total raise to $23.85 million. The latest round was led by Sandaire, a global wealth manager, and private family investment group. The cash will go towards global markets expansion, as well as the development of new technology.
The announcement follows the point-of-payment rating fintech’s launch in the Australian market six months ago. Since then it has attracted more than 250,000 ratings from businesses across Australia.
3. Former Xero Australia MD Chris Ridd has joined the Moula board, the small business lending platform, as a non-executive director. Ridd joins the board of five executives, including Moula co-founders Aris Allegos and Andrew Watt, Sherman Ma, managing director of Liberty Financial and tech entrepreneur Nathan Cher.
4. Thankyou. has acquired an online magazine, as well as developing a new baby range, adding to a portfolio that includes water, food and sanitation products. The plan to turn Wonderful Mama is a social enterprise for mums, with 100% of the profits going to fund child and maternal health programs.
Thankyou co-founder and MD, Daniel Flynn says that if both new baby-related ventures do well Thankyou could more than double the amount it’s given to charity projects since 2008 – from $4.7 million at July 2016 to more than $10 million by the end of FY2018.
5. The Right.Fit has raised $750,000 in seed capital. The website, which connects brands and agencies with creative freelancers and talent, secured the cash from AirTree Ventures and to develop its in-house technology and grow the brand.
“We have experienced great traction early on and I am confident that we will continue to attract more users, all looking to simplify the way they work to achieve the best possible outcome in their work flow,” founder and CEO Taryn Williams said.
“Airtree Ventures have partnered with many of Australia’s leading marketplace businesses and have the expertise to help us grow rapidly. Working with them will allow us to ensure we are developing the best possible team for our Australian and New York offices as well as maximise other opportunities.”
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