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StrongRoom will be wound up as EVP names the startup's early investors as defendants in expanded legal action to recover $10.4 million - Startup Daily
EVP has added 20 more defendants, including earlier VC investors – taking the total to 32 – in its legal action to recover $10.4 million invested in StrongRoom AI. EVP has a freezing order over the company’s assets and during a case management hearing on Wednesday added the company’s other early investors, including Artesian Ventures,... Read more »
Quiet optimism for local startups as $17b VC warchest grows despite global private capital slowdown - Startup Daily
Australian VC assets under management climbed to A$17 b in 2024 – up 7 % despite a global fundraising slump – fuelled by AI deal‑flow, rising private‑wealth money and a surge of Millennial and Gen Z founders.
Airwallex's $465M raise brings its valuation close to $10 billion - Startup Daily
Among the investors for the latest round were the likes of Square Peg, DST Global, Lone Pine Capital, Airtree, Salesforce Ventures, Hostplus, NGS Super, and Blackbird – whose [$60 million investment was reported on earlier this month.