Kic co-founder and CEO Laura Henshaw is handing over the reins to serial founder Jane Martino, who will lead the company through a major wellness expansion.
The wealthiest people under 40 are now worth a combined $31.7 billion, led by Canva duo Melanie Perkins and Cliff Obrecht, who topped the list for the sixth year.
The investment is the latest in start-up plays from the family that sold its OTR petrol station empire to Viva Energy in a $1.2 billion deal two years ago.
The former co-founder of Crust, who is now behind the chain Zeus Street Greek, believes it will have up to 400 stores within a decade – with 150 planned by 2030.
A Melbourne fund manager that’s backed Silicon Valley’s hottest AI start-ups has joined forces with JPC Group to launch a $60 million property tech fund.
Global payments giant Airwallex has raised the second-biggest ever local VC funding round, its valuation soaring 30 per cent in six months to $US8 billion ($12 billion).
While most family empires crumble by the third generation, the Coopers are entering their sixth, armed with a new boss and a strict rule book for the next heirs.
Katrina Leslie avoided attention for years, but her software firm Swipejobs did not. It drew in a who’s who of big backers, with plans for an IPO this year.
