Spacer is a peer-to-peer marketplace for space — allowing people to rent out extra space in their homes or yards. Launched in October last year by former Deals Direct CEO Michael Rosenbaum, Spacer has now struck a deal with similar companies in Europe, sharing expertise and allowing it to focus on expanding into Asia. The company expects to have 1,500 active listings by June.
Institchu founders James Wakefield and Robin McGown left their corporate jobs to launch Institchu, an online store for tailored suits. The company now has showrooms in Sydney, Melbourne and Brisbane, and are planning to enter the US next.
Logistics startup Shippit offers services to both sides of online transactions — merchants can offer more flexibility and options for deliveries, consumers have more information about when and how their packages arrive. On top of thrilling at last year’s SydStart, Shippit has recently partnered with big names like Australia Post, TNT, Mail Call Courier, as well as 300 merchants.
4. Koala Mattress
Australian mattress startup had an amazing start to the year — announcing Australian cricket captain Steve Smith as an investor, and recording $1 million in sales in just 80 days. The company is now in the midst of a $5 million capital raising, as it looks to expand into China, America and Europe.
Canva raised $21 million late last year and topped five million users around the world. Even more recently, the startup has launched its platform in six languages, in a bid to reach 1 billion more users.
Just a few years after launching her e-commerce startup from her home, Stylerunner CEO Julie Stevanja is already gracing lists of top business leaders, and was named the Young Retail Entrepreneur of the Year at the World Retail Awards this year. The company was founded by Stevanja and her twin sister Sali Stevanja, and has grown steadily thanks to company culture and an emphasis on data.
Design crowdsourcing platform DesignCrowd saw $30 million in projects pass through its system in 2015, up from $20 million in the previous year. Since launching in 2008, the company has raised more than $12 million, using the money to expand its team, offerings and functionality — like translation services. 50% of revenue now comes from the United States.
Legal services platform LawPath raised $1.3million last year, as it expands its offering of customisable legal forms and other legal services. The company claims to have grown revenue by 800% and users by 400% year-on-year.
9. Shoes of Prey
Customisable shoe startup Shoes of Prey raised more than $20 million last year, as it grows its presence in the US, brings on more partners and moves into new verticals. The company is riding a wave of customisable fashion, which is increasingly drawing the attention of big business.
Starting as a joint venture between two Sydney developers, Proxima is a front runner in an incredibly lucrative market — geolocation. Geolocation allows users to get location-based services, content or advertising. The potential of geolocation is immense – from finding local deals to treasure hunts, but it’s also incredibly valuable to advertisers.