Startups
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Australian startups warn CGT overhaul could blunt R&D tax incentive boost
Australian startup founders and tax advisers say proposed cuts to the 50 per cent capital gains tax discount risk undercutting an expected lift to the R&D Tax Incentive cap, days before Treasurer Jim Chalmers hands down the 12 May 2026 federal budget.
Sweden's Legora buys Melbourne legaltech Graceview, plans Australian build-out
Stockholm-based legal AI company Legora has acquired Melbourne regulatory-monitoring startup Graceview, its third bolt-on in three months and its first foothold in Australia. Terms were not disclosed.
Sydney cooling startup Enaxiom raises $A2.5m seed led by Epic Angels
Sydney climate-tech startup Enaxiom has closed an oversubscribed US$1.8 million seed led by Epic Angels to commercialise its HydroCool data-centre cooling system. Antler and BlackNova joined the round.
ASIC fines Canva $792,000 over late accounts as filings show $US242m loss
ASIC has fined Canva Group A$792,000 over the late lodgement of its 2024 accounts, with each of four entities paying A$198,000. The long-delayed filings show the Sydney design software company posted a US$242 million net loss on revenue of US$2.1 billion.