Summary
In this week's episode of The Startup Retro, host Will Richards and standing in for Gemma Clancy this week, Cheryl Mack, dive into Uber's new partnership with Turo after shutting down its Car Next Door acquisition. They also discuss Premier Capital Partners' new fund, AirTrunk’s $23 billion sale, and Cheryl’s experience at the Startup Daily Awards. The episode also features a deep dive into Safe Ag Systems, an agtech safety platform. Plus, catch the latest startup raises and Will’s pick for Knowledge as a Service (KaaS).
Time Stamps
- 00:00 Introduction and Welcome
- 00:28 Uber pivots to Turo partnership
- 05:15 Premier Capital Partners new fund
- 10:22 AirTrunk’s $23 billion sale
- 13:45 Startup Daily Awards highlights
- 20:15 Startup Raises: Safe Ag Systems
- 28:10 KaaS Recommendations
Links
To access the links to the stories mentioned in this episode, check out this week’s Overnight Success newsletter. https://newsletter.overnightsuccess.vc/p/7th-september-2024
Headlines
- Australian Startup Financial Confidence Report 2024
- Airwallex Report
- Uber’s Turo Partnership
- Uber has partnered with Turo to let users rent peer-to-peer vehicles through the Uber app starting in 2025.
- Premier Capital Partners Fund
- Premier Capital Partners is launching a fund targeting mid-market tech companies with a size of $30-$50 million and a hard cap of $75 million. The fund will write cheques between $5-$20 million.
- AirTrunk Sale
- AirTrunk was sold to Blackstone and the Canada Pension Plan Investment Board for $23 billion, marking one of Australia’s largest acquisitions.
- AFR Article on AirTrunk Sale
Interview
In the interview, David Burt from UNSW Founders discusses the impact of Labor's proposed cap on international students and its potential effects on Australia's startup ecosystem, universities, and the broader economy.
Startup Raises
- Safe Ag Systems
- Founders: Katy Landt and Caroline Graham
- Safe Ag Systems, an agtech safety platform, raised $2.5 million to expand its reach to 10% of farm workers.
KaaS - Knowledge as a Service
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