Canva's AI buy, SAVCF report & BFF grant axed

SummaryIn this week's episode of The Startup Retro, hosts, Will & Gemma delve into Canva's acquisition of Leonardo AI and feature an interview with Elli Hanson from Side Stage, one of Leonardo's investors. The hosts also discuss the South Australian Venture Capital Fund and the state government's independent report on its effectiveness and uncover the secret termination of the federal government's Boosting Female Founders (BFF) grant program. And to wrap up Gemma & Will highlight the latest startup raises, including Monty Compost, an industrial composting tool, and Slice, a bootstrapped fintech in the travel industry.Time Stamps00:00 Introduction and Welcome00:28 Canva Acquires Leonardo AI05:02 South Australian Venture Capital Fund Report09:00 Boosting Female Founders Program Termination15:37 Weekly Startup Raises28:31 KaaS RecommendationsLinksTo get all the links to the stories we mentioned in this episode, you can read this week’s Overnight Success newsletter. https://newsletter.overnightsuccess.vc/p/aussie-startup-vc-summary-3rd-august-2024HeadlinesCanva Acquires Leonardo AISAVCF Government ReportBoosting Female Founders Program TerminationStartup RaisesMonty CompostFounder: Ashley BaxterMonty Compost, an organic waste recycling/composting IoT device with analytics software, has secured $1M from Skalata and Antler (QIC).SliceFounders: Yannick Darmalingam and Farouk IsmailSlice, a Sydney-based fintech, has raised $7.5M in Seed funding from Peak XV Partners (formerly Sequoia Capital India & SEA) and a $10M debt facility from Roadnight Capital.KaaS - Knowledge as a ServiceGemma’s Pick 💁🏻‍♀️Podcast: The Journal - "Alexa is in millions of homes and Amazon is losing billions"Will’s Pick 💁🏻‍♂️Blog: The Big Guide to Fusion by Ben JamesSend feedback to the hostsGemma on LinkedInWill on LinkedInSponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.RipplingAre you a founder overwhelmed by HR, payroll, onboarding, and IT tasks? Simplify with Rippling: an all-in-one platform for your global workforce.Get 3 Months Free TeamifiedBuild a top-notch team fast with Teamified. Teamified offers fractional CTOs, contractors, and remote team members from the Philippines, India, or Sri Lanka. Cut hiring times by 50%.Get started The Day One NetworkThe Startup Retro is part of Day One, the podcast network...

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