Australia Dealbook:Right Click Capital joins Draper alliance; Fishburners opens China branch

The latest in the dealscape in Australia has seen Sydney startup Sendle secure A$5 million in funding, while Right Click Capital has become the first  startup from that country to join Tim Draper’s US$1.8b global investor alliance, even as startup hub Fishburners is opening their China office in Shanghai.

Right Click Capital joins Draper Venture Network

Leading US venture capitalist Timothy Draper has partnered with Right Click Capital (RCC) in an effort to enter the Australian startup scene.

Right Click Capital is a Sydney-based investment firm that specialises in identifying and investing in early-stage Internet-based businesses. It has joined the Draper Venture Network (DVN), a global investor firm alliance encompassing 450 investments and collective assets of $US1.6 billion. The basis of the partnership was laid at the SXSW conference earlier this year, where RCC partner Ari Klinger met with Draper.

This alliance, giving RCC investors co-funding partnership while having the firm’s portfolio businesses presented with international funding options, aims to facilitate access to international networks and opportunities for RCC’s startups.

Draper, having previously invested in the likes of Skype, Hotmail, Baidu or Tesla, had earlier this year raised a US$190m seed fund, with 75 per cent of the funds dedicated to Silicon Valley investments and 25 per cent to be deployed for international investments.

Fishburners open Shanghai co-working space

Australia’s largest startup hub, non-profit co-working space Fishburners, is opening a 50-seat coworking space in Shanghai, their first in China.

The Sydney-based coworking space provider, launched in 2011 and having to this date worked with 620 Australian startups including transport app goCatch and crowdsourcing web platform DesignCrowd, aims to connect Australian businesses to the Chinese market.

In an interview with Technode, Fishburners CEO Murray Hurps shared his belief in the success many of the Australian startups that he hosts can achieve in China, “10-12%” of which are focused on “big data, IoT, health, education or fintech”, though it depends on the ability to work with “local partners”. Fishburners founder Peter Davidson, having moved to China three years ago, and will help with the launch of the Shanghai office.

Read Also:

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.