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Advent calls in bankers to assess options for Compass Education

Sources said Compass is making about $15 million to $20 million in annual EBITDA on the back of circa $50 million revenue. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Blackbird Ventures co-founder Rick Baker made the fund’s first investment in Canva 11 years ago.

Blackbird nets $800m payday from Canva share sale

“I hate selling even one Canva share … but it’s time for some of our earlier funds to take some profits off the table.”

  • Tess Bennett

Start-up deals fall to six-year low as tech winter persists

Just 66 Australian companies raised funds from venture capital investors in the first quarter of this year, and total funding has dropped 45 per cent year-on-year.

  • Tess Bennett

Woolworths partners with Tesco on $190m start-up investment fund

The global fund will be run from Sydney and counts retailer chains from Europe, Canada and South Africa among its investors.

  • Nick Bonyhady

IPO hopeful Lime avoids share bike graveyard

The company says Sydney and Melbourne are among its most profitable cities as it eyes resurrecting its aborted plans to go public.

  • Nick Bonyhady

Life360 shares soar on 5 million new tracking app users

The company has launched an ad business, making the number of users more important – even if they don’t pay.

  • Nick Bonyhady and Joanne Tran

Opinion & Analysis

At last, a gadget worthy of a bucket list

Imagine what you could do with a portable, 300-inch screen and Hisense’s new C1 projector.

John Davidson

Columnist

John Davidson

Change your doorbell, change your life

Amazon’s latest battery-operated Ring doorbell has a new feature that can change the way you think about doorbells.

John Davidson

Columnist

John Davidson

The new Surface computers Microsoft won’t let anyone review

There are many firsts around the Surface Pro 10 and Surface Laptop 6 coming out next week, and not letting journalists do reviews is only one of them.

John Davidson

Columnist

John Davidson

‘AI honeymoon is over’, Canva co-founder declares

Just two years after the last technology bubble burst, investors shouldn’t mistake AI tools that look like magic for a business model that is.

Nick Bonyhady

Technology writer

Nick Bonyhady

Technology reviews

At last, a gadget worthy of a bucket list

Imagine what you could do with a portable, 300-inch screen and Hisense’s new C1 projector.

  • John Davidson

Change your doorbell, change your life

Amazon’s latest battery-operated Ring doorbell has a new feature that can change the way you think about doorbells.

  • John Davidson
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More From Today

At last, a gadget worthy of a bucket list

Imagine what you could do with a portable, 300-inch screen and Hisense’s new C1 projector.

  • John Davidson

Yesterday

Honey Insurance chief operating officer Angelo Azar, with CEO and founder Richard Joffe and chairman Peter Tonagh. The company can now plan to spend $108m of funding.

Sydney start-up Honey Insurance lands blockbuster $108m US investment

After 305 meetings Honey has closed a huge series A funding round, but it had to head offshore to find the right investors.

  • Paul Smith
GoCatch founders Andrew Campbell and Ned Moorfield pictured in 2013, before they allegedly fell out over the company’s direction.

GoCatch was shedding passengers before UberX arrived, court told

Ned Moorfield, the co-founder of failed start-up GoCatch, has been grilled under cross-examination during the second week of a damages case against Uber.

  • Gus McCubbing
ASIC has closed its investigation into Nuix chief executive Jonathan Rubinsztein without making any negative findings.

Insufficient evidence to charge Nuix boss with insider trading: ASIC

The regulator has closed its probe into chief executive Jonathan Rubinsztein, whose share purchase coincided with a US company’s approach about an asset sale.

  • Nick Bonyhady

Change your doorbell, change your life

Amazon’s latest battery-operated Ring doorbell has a new feature that can change the way you think about doorbells.

  • John Davidson
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Nick Langton, right, chief executive of Alta Group Global which has debuted on the NYSE.

Aussie MMA start-up quietly lists in the US after $9.9m raise

Manly-based Alta Group, which runs a mixed-martial-arts training platform, has debuted on the New York Stock Exchange after raising $US6.5 million.

  • Tess Bennett
Qoria, formerly Family Zone Cyber Safety, is focused on cyber safety for children.

Qoria brings in RBC Capital Markets as US bidder comes calling

Listed cyber safety group Qoria (née Family Zone) has tapped RBC Capital Markets as its defence adviser.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
cyber security

Why companies are refusing to pay cyber ransoms

Fewer companies are giving in to cybercriminal demands, with around half suffering no adverse impacts.

  • Max Mason

This Month

Qoria, formerly Family Zone Cyber Safety, is focused on cyber safety for children.

US private equity firm K1 builds stake in Qoria; MS on the scene

It is believed K1 now has a call option over 15 per cent of the shares on issue, and the support of the company’s two largest shareholders.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
A security gate at the OpenAI offices in San Francisco.

How tech giants cut corners to harvest data for AI

The race to lead AI has become a desperate hunt for the digital data needed to advance the technology. To obtain it, tech companies including OpenAI, Google and Meta have cut corners, ignored corporate policies and debated bending the law.

  • Cade Metz, Cecilia Kang, Sheera Frenkel, Stuart A. Thompson and Nico Grant
Microservices are compact, specialised components of a larger software application - and are becoming increasingly vital.

Event-driven microservices enhance resilience and boost competition

Becoming increasingly vital: Microservices are compact, specialised components of a larger software application.

Sponsored 

by Synechron

GoCatch co-founder Andrew Campbell arrives at Court on the first day of the trial on Tuesday.

Uber and GoCatch stagger out for round two of court case

Nobody expected a clean fight when GoCatch called out Uber for huge damages, but startling details in the first week of the trial have left both sides wounded.

  • Paul Smith

The new Surface computers Microsoft won’t let anyone review

There are many firsts around the Surface Pro 10 and Surface Laptop 6 coming out next week, and not letting journalists do reviews is only one of them.

  • John Davidson
Cliff Obrecht: “All investors had the opportunity to sell and got the sell side fully met.”

Canva millionaires made as $US1.6b share sale completes

The design software giant has finalised the first tranche of a share sale it has signalled will reach $3.6 billion, with rich rewards for early staff and investors.

  • Nick Bonyhady and Tess Bennett
NewBook’s customers include ASX-listed Ingenia Communities.

Potentia Capital mulls exit at booking software group NewBook

Sources said the mid-market software and technology specialist is talking to bankers ahead of an exit later this year.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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GoCatch founders Andrew Campbell and Ned Moorfield pictured in 2013, before they allegedly fell out over the company’s direction.

Founder fights and investor fury exposed as Uber makes its case

Investors in fallen transport app GoCatch were alarmed by its lack of progress and wanted to sack its co-founders around the time UberX launched in Australia, private emails show.

  • Paul Smith
Spotify offers customers up to 15 hours of audiobook listening a month as part of their paid plan.

Spotify is increasing its prices again – and you can blame audiobooks

By the end of this month, the streaming giant will raise fees for the second time in a year in five markets, including the UK, Australia and Pakistan.

  • Lucas Shaw and Ashley Carman
A high-stakes antitrust trial has started as US prosecutors look to rein in Google’s power.

Google mulls charging for AI-powered search in major shift

The proposals would mark the first time any of the software group’s core product falls behind a paywall.

  • Madhumita Murgia and Richard Waters
Uber’s barrister has begun its defence against accusations it deliberately set out to harm GoCatch.

‘Not honourable, but lawful’: Uber justifies using spyware on rival

Uber’s lawyers said taking private data from its rival GoCatch was not like burglary, and compared its lawbreaking to publishers selling Lady Chatterley’s Lover.

  • Paul Smith
Before and After - Trish Miller is a patient of Eucalyptus, which is a company that offers compounded Ozempic.

Trish lost 25kg on replica Ozempic. She fears for patients like her

Patients like Trish Miller are afraid their weight loss will come to a halt as the regulator mulls a ban on replica anti-obesity drugs made by pharmacists.

  • Nick Bonyhady