The now $5.6 billion valued Australian e-commerce firm has also sealed a $457 million acquisition as it hurtles towards a possible IPO in 2026.
Bronwen Clune
VC and startup correspondent
Bronwen joined Capital Brief after working across the media and startups the last 15 years. She has also worked for both state and federal government helping foster innovation. She was part of the founding team at Culture Amp.
Contact Bronwen via email.
Venture capital firms are laying off staff and abandoning plans for new funds. Is it a necessary correction or a sign of structural problems in Australian VC?
Sydney startup Vow is slashing 25 jobs in a strategic pivot to manufacturing, as the cultivated meat pioneer gets closer to local regulatory approval.
Venture capital in Australia is facing its toughest test yet as major players restructure and smaller funds hibernate, but new registrations suggest some resilience in the sector.
The HR tech unicorn will attempt to crack the lucrative North American market through acquisition rather than organic growth.
Melanie Perkins has embraced "AI walks" — using voice AI to organise thoughts on the go. Founders are now tapping AI to boost productivity and even skip meetings.
Employment Hero CEO Ben Thompson has pushed his company to emulate Elon Musk's workplace philosophies — except on one policy which the Tesla CEO describes as "morally wrong".
Employment Hero’s mission is to simplify HR for businesses — but former staff say its own workplace is marked by confusion, pressure and sudden departures.
The rise of Hnry, a trans-Tasman pay-as-you-go accounting fintech, shows how personal solutions can effectively scale into significant businesses.
From mapping minerals beneath Earth’s crust to exploring the Moon’s subsurface, Fleet Space Technologies is broadening its ambitions with a substantial raise.
Balmain’s investment accelerates Caruso’s global expansion, as the fintech disrupts fund management with $15 billion in assets under administration.
Australia’s startup ecosystem is evolving, with 22% of ventures now classified as "deep tech", according to the 2024 Startup Muster report.
West Tech Fest has helped transform Perth's startup scene, attracting major east investors, global speakers and government support.
Techstars Sydney’s record-breaking women founder representation has sparked debate over gender equality — and exposed a clash between Australia’s top accelerators.
Startmate's $500 voucher prize for a women's leadership award has ignited fierce debate over how to meaningfully support female talent in technology.
Second-time founder Nathan Merzvinskis has raised one of the year's largest pre-seed rounds to build an AI-powered data enrichment platform.
Trump’s return to the White House is shaking renewables, but Australia’s climate tech leaders remain optimistic as they look to stronger partnerships with China.
Employment Hero has dismissed four employees for inappropriate behaviour at its ‘Global Gatherings’, where over 1,000 remote staff meet to align strategy and bond.
The Sydney-based startup is rapidly scaling its renewable energy marketplace model, aiming to deploy solar and batteries to 2,000 homes per month.
The former angel syndicate is raising a $100m fund to back female founders, who receive just 4% of Australia's venture funding.
The cap table and equity software provider has opened an office in Sydney and views Australia and its startup scene as a key growth market.
Our coverage of the $2 billion HR software company started with an off-colour joke. A deluge of current and former staff then came forth with far more significant concerns.
