Start-ups swimming in venture capital
Seed funding for tech companies is plentiful right now, writes Asher Moses.
Whitney Komor, from the University of Sydney INCUBATE program, raised $1 million at the end of 2012 for her online event planning start-up TheBestDay. Photo: Supplied
Ask Melanie Perkins whether it's hard for Australian start-ups to find investors and she can only laugh - she's just closed a $3 million funding round before even launching her product.
Her firm, Canva, based in Sydney's Surry Hills, plans to unveil an online do-it-yourself professional-looking graphic design platform in May.
The Canva team: Cameron Adams, Cliff Obrecht and Melanie Perkins. Photo: Supplied
Australian entrepreneurs like Perkins are starting to find they can raise funds for their ideas without moving to the US.
''The funding climate for Aussie entrepreneurs has improved dramatically over the past few years,'' said Perkins.
One of Canva's investors is Blackbird Ventures, a new Australian venture-capital fund comprising capital sourced from 35 successful Australian tech entrepreneurs and other investors.
Niki Scevak, Bill Bartee and Rick Baker of Blackbird Ventures, a new $30 million VC fund for tech start-ups. Photo: Supplie