Australia: FoodByUs launches with $1.5m funding; Startupbootcamp’s Australia edition

Latest in the Australian startup scene saw Menulog co-founder launch FoodByUs with AU$2 million ($1.51 million) funding, while one of the world’s most prominent startup accelerator Startupbootcamp has announced entry into the Australian market next year.

FoodByUs gets $1.51m

Menulog co-founder Gary Munitz, alongside former Menulog lead developer Tim Chandler and Flipsters co-founder Ben Lipschitz, has launched FoodByUs following a AU$2 million ($1.51 million) funding from a group of high net worth angel investors and institutional investors. The liquidity injection came in the very early days of the startup, and was used to develop the idea from scratch.

FoodByUs is a sharing-economy based food delivery service with home-cooks in the user’s neighbourhood providing the food instead of restaurants.

The startup will take a 20 per cent commission for every transaction on the platform, with contributors having to pass a test prior to selling their services, in addition to being regulated. Consumers will be required to provide a rating after each order.

Officially launched in Sydney, it plans to expand across Australia in the coming months, with its next destination market being Melbourne.

Startupbootcamp to run in Australia in 2017

Startupbootcamp, one of the world’s largest global networks of industry-focused startup accelerators, has announced it will be running in Australia in 2017 following a government grant to open up a branch in Melbourne. Startupbootcamp was awarded the best accelerator of 2014 at the European Tech Startup Awards.

The Copenhagen-headquartered firm reportedly received around AU$600,000 ($451,000) from the LaunchVIC innovation fund in order to launch its program. The accelerator provides both investment and mentorship services, in addition to accelerating startups and connecting with with corporates.

Startupbootcamp was founded in Copenhagen in 2010 and runs 13 accelerator programs in 10 countries. Headquartered in London, the firm has had 350 startups use its services, with a reported 71 per cent subsequently raising an average of $750,000.

Its Australian edition will focus on Internet of Things (IoT) and data-tech startups, with A$20,000 ($15,000) invested in 10 separate startups, who will undergo a three month acceleration programme.

Currently, it is seeking out local business partners and will eventually be selecting startups for its first batch.

Also Read:

Australia: Spotlight Reporting closes $5m Series A, Proxy closes $1.6m seed

Australia: DoseMe closes Series A; One10 opens new accelerators; Mimecast sets up APAC HQ

Australia: Sydney’s Evergen raises $2.82m to market intelligent home energy solution

Alt funding, wealth mgmnt ripe for FinTech: Liolios

Startupbootcamp expands to US, launches New York edition

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.