Feeds

Carosa invests in more Oz online start-ups

VC activity heats up: is this what a bubble sounds like?

Build a business case: developing custom apps

Funding for Australian web ventures is gathering pace with Internet company accelerator, Future Capital Development Fund (FCDF), investing in a further three online operations.

Serial online entrepreneur Domenic Carosa launched the fund in 2010 and is its executive chairman.

Typically the fund invests between $AU100,000 and $AU500,000 in each venture, taking a significant minority stake and helps with advising and building the company.

“We continue to find new economy investment opportunities that have the potential to transform old economy business models. These are exciting businesses operated by passionate founders with strong potential to transform their respective markets,” he said.

The three ventures are agricultural and product tender site TheFarmTrader.com.au; waste removal booking system RentABin.com.au and cloud based business management solution for health and fitness professionals GetMeInform.com.au. The trio join the nine online and technology companies that FCDF have invested in over the last 18 months.

“Each offers simple but compelling services that drive down costs while delivering convenience and value for their respective customers. We welcome these companies to the Future Capital investment family,” Carosa said.

Last month the Fund raised $5 million to invest in the next round of emerging ventures. Carosa has been in the US raising capital and discussing the possibility of a dual listing of the fund next year which would aim to raise between $20 million to $30 million. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.