Those who complain that Australia’s internet startup sector lacks the
venture capital it needs to get off the ground might need to eat their
words: A new seed fund dubbed ‘Startmate’ just opened its doors and is
looking to dole out funding packages and mentoring.
Dubbed Startmate, the fund has been created by Homethinking founder Niki Scevak — who has also been involved in a number of other startups such as the BookmarkBox. The fund surfaced today at the Tech23 event held in Sydney, which highlights 23 up and coming companies and connects them with investors, mentors and the press.
The list of those involved in the fund — contributing money and advice — reads like a who’s who of Australia’s startup sector. Former Realestate.com.au chief Simon Baker is also involved, as well as the two founders of local firm Atlassian, which recently took $60 million in funding from US VC firm Accel Partners – Mike Cannon-Brookes and Scott Farquhar.
To read the full, original article click on this link: Delimiter – Got a startup idea? Startmate’s got the money
Author: Renai LeMay
