May 12, 2014 0 Comments
Australian companies continue to attract investment
Australian technology companies are continuing to raise funds in 2014 with hipages Group the latest company this week to join the likes of Campaign Monitor, Siteminder, SmartSparrow and SocietyOne in raising capital from industry and professional investors. hipages are aiming to take the stress out of finding a trusted tradie in Australia. The Australian building and home improvement market generates over $96bn of revenue a year spread across ~240,000 trades businesses in Australia, and hipages look set to continue to disrupt a large and growing market. The $6m capital injection came from Right Click Capital, Ellerston Capital, Australian Ethical Investment, KTM Capital, and Baillieu Holst as hipages plan to scale their network of 500,000 consumers and over 40,000 registered tradies.
Australian companies are continuing to innovate at a rate of knots, attracting the interest of global markets, investors and strategics, making it the seventh largest country by deal value in Internet DealBook’s 2013 Annual Report. How long will it be until we see the next billion dollar Australian tech exit?
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