Substack doubles down on uncensored ‘free speech’ with acquisition of Letter

Substack announced last week that it acquired Letter, a platform that encourages written dialogue and debate. The financials of the deal weren’t disclosed, but this acquisition follows Substack’s recent $65 million raise. Newsletters are all the rage — Facebook launched its exclusive, celeb-studded Bulletin platform last month, and Twitter acquired the newsletter startup Revue earlier […]

Employee engagement platform Culture Amp raises $100M at a $1.5B valuation

Culture Amp was founded in 2009 to let companies conduct anonymous employee surveys, but since then, its focus has expanded to helping employers turn the data they collect into action. The company announced today it has raised $100 million in Series F funding, led by returning investors Sequoia Capital China and TDM Growth Partners. The […]

Employment Hero gets $140M AUD Series E led by Insight Partners, grows valuation to $800M AUD

Employment Hero co-founders Ben Thompson and Dave Tong. Image Credits: Employment Hero Four months after announcing its last round, Employment Hero has closed another $140 million AUD (about $103 million USD) in funding. The Series E was led by Insight Partners, the venture capital firm known for its ScaleUp program to help tech companies accelerate […]

Dovetail, the venture studio that has worked with startups like Afterpay, is raising a new fund

Dovetail co-founders Ash Fogelberg and Nick Frandsen Based in Sydney and Auckland, Dovetail is a full-service venture studio that works closely with founders who have a great idea, but may lack technical backgrounds. Dovetail helps them build companies from the ground up, preparing them for growth and more funding. Founded in 2014, Dovetail’s success stories […]

E-commerce logistics startup Locad gets $4.9M seed round led by Sequoia Capital India’s Surge

E-commerce is booming in Southeast Asia, but in many markets, the fragmented logistics industry is struggling to catch up. This means sellers run into roadblocks when shipping to buyers, especially outside of major metropolitan areas, and managing their supply chains. Locad, a startup that wants to help with what it describes as an “end-to-end solution” […]

German government bodies urged to remove their Facebook Pages before next year

Germany’s federal information commissioner has run out of patience with Facebook. Last month, Ulrich Kelber wrote to government agencies “strongly recommend[ing]” they to close down their official Facebook Pages because of ongoing data protection compliance problems and the tech giant’s failure to fix the issue. In the letter, Kelber warns the government bodies that he […]

Rocket startup Gilmour Space raises $46M Series C to take its small launch vehicle to orbit

Australian rocket launch startup Gilmour Space Technologies is betting that bigger isn’t always better. The company has developed a small launch vehicle it calls Eris, a 25-meter (82 foot) rocket that can deliver a payload of up to 215 kilograms (474 pounds) to sun synchronous orbit. Now, it’s raised a $61 million AUD ($46 million […]

Australian fintech Zeller lands $50M AUD led by Spark Capital at a $400M AUD valuation

Zeller, a Melbourne-based fintech founded by former Square executives to serve small- to mid-sized businesses, has raised $50 million AUD (about $37.5 million USD) led by Spark Capital, the investment firm whose portfolio also includes Twitter, Slack and Coinbase. Zeller’s valuation is now $400 million AUD (about $301 million USD). The funding included participation from […]

Microsoft plans to launch dedicated Xbox cloud gaming hardware

Microsoft will soon launch a dedicated device for game streaming, the company announced today. It’s also working with a number of TV manufacturers to build the Xbox experience right into their internet-connected screens and Microsoft plans to bring cloud gaming to the PC Xbox app later this year, too, with a focus on play-before-you-buy scenarios. […]

Endua creates hydrogen-powered clean energy storage, using tech from Australia’s national science agency

Hydrogen-based generators are an environmentally friendly alternative to ones powered by diesel fuel. But many rely on solar, hydro or wind power, which aren’t available all the time. Brisbane-based Endua is making hydrogen-based power generators more accessible by using electrolysis to create more hydrogen and storing it for long-term use. The startup’s technology was developed […]