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- 20SEP2021-MON
20SEP2021-MON
Funding roundup September 13 – September 17: Canva hits $40b, SiteMinder announces pre-IPO funding and Ellerston Capital’s Prospection raises $45m
Monday 20th September 2021
Funding roundup September 13 – September 17:
Canva announces $40 billion valuation fuelled by $200 million raise
SiteMinder announced a pre-IPO funding round of over AU$100m
Ellerston Capital’s Prospection raises $45 million in Series B
Shouta announces $1 million seed round
Gaming startup Immutable raises $82 million series B
Healthcare data analytics startup raises $45 million series B
Carbon capture opportunity for Australian farmers
Australian farmers play a crucial role in determining Australia’s climate future. The wellbeing of the Australian agriculture sector is fundamentally linked to the wellbeing of the environment. With a lack of action from the government, many Australian farmers are shouldering the challenge of taking #RealClimateAction.
How to benefit from the third-party marketplace ‘revolution’
We are on the cusp of a third-party marketplace ‘revolution’ that will change the eCommerce landscape for good. Businesses, including global retailers and outfits like J. Crew, Urban Outfitters, Netflix and SurfStitch; for-purpose initiatives like ‘Buy from the Bush’ and ‘Global Sisters’; and even industry innovators like celebrity chef Shane Delia with Providoor and Sean ‘Diddy’ Combs with SHOP CIRCULATE; are jumping at the opportunity to be ahead of the curve, and here’s why.
As a result of a series of lockdowns across the country, the number of people employed in Australia dropped by 146,300 in August. However, the Australian Bureau of Statistics reported that the unemployment rate fell to 4.5 percent from 4.6 percent as a result of a drop in the participation rate of those working or looking for jobs to 65.2% from 66%. In the month, total hours worked declined by 3.7% or 66 million hours. Bjorn Jarvis, ABS head of labor statistics, said the most recent data covered the first two weeks of August and included the prolonged lockdown in NSW, additional lockdowns in Victoria, Queensland, and the ACT, as well as a number of adjustments in restrictions.
The government says the reforms will reduce the number of low-quality rooftop solar installations. Reforms include giving the regulator more powers and bringing in new reporting requirements. The review makes 13 recommendations that, according to the government, will minimise the number of low-quality installations and unethical operators. According to the review, biometrics could be used to certify that someone who has been accredited is performing installations.
Retail sales in the United States unexpectedly surged in August, likely driven by back-to-school shopping and government child tax credit payments, thereby tempering expectations for a severe downturn in economic growth in the third quarter.
According to Reuters, Facebook is taking a more severe approach to shut down coordinated groups of real-user accounts participating in certain damaging actions on its platform, employing the same strategy its security teams use against campaigns utilising fake accounts.
According to several media sources, the Indian government’s plan to divest itself of the state-owned airline Air India may finally take off. At the end of the deadline for submitting financial proposals on September 15, some well-known names including Tata and SpiceJet were said to be in the running. According to Asian News International, Tata Sons and SpiceJet chairman Ajay Singh would likely submit offers for the airline in his personal capacity.
