Techboard: Fastbrick tops Techboard’s final Ranking for 2016
This is Techboard’s last ranking for 2016 and covers two ranking periods, since our last regular ranking on 25 November 2016. We skipped a fortnight for Techboard’s Night of nights Techboard 2016 and the release of our annual ranking which is available here. Have a great Christmas and we will be back with our Startup Ranking in 2017… and it will be going National.
Fastbrick Robotics is Techboard’s highest ranking company of the month. The recently ASX listed robotic bricklayer won the Mitsubishi Corporation WA Innovator of the Year award, and also completed a $8m capital raise from Hunter Hall Investment Management. The startup has been a strong performer all year, and was ranked sixth in the overall 2016 ranking.
“We have many things planned on the 2017 calendar that will define the direction of our Company. While we are pleased with everything we achieved in 2016, next year will be when we see the results of our hard work and we look forward to hitting our goals and achieving some great results for our stakeholders.” Mike Pivac, Fastbrick CEO
Cycliq is the second highest trending company, having just completed a reverse takeover of Voyager Global Group and raised $3.75 as part of the listing. The cycling camera/light maker captured significant mindshare and a nomination from our panel of experts.
“Taking Cycliq from Kickstarter to a public company has been quite the journey and something that we are very proud of. Our listing on the ASX recently was definitely a milestone and provides us with great opportunities to accelerate the business. While we expand our reach into new markets on a global scale, we continue to focus on products that meet cyclist’s needs and help them to be safer on the roads.” – Andrew Hagen, Cycliq CEO
Enably is ranked third, having raised $33.5m from New York hedge fund Corbin Capital Partners and Chicago investor Richard Driehaus. The fintech which was formerly known as Loan Ranger is looking to move away from the short-term lending space, and has raised the sizable investment (made up of debt and equity) to allow it to fund larger loans up to $10,000.
“Our recent round of funding has allowed us to enter the market strongly under the new enably brand and has made it possible for us to start funding loans up to $10,000 for terms of up to two years. Our goal is to grow fairly aggressively, so there will be further investment opportunities in the future. Nothing is off the table, we’re looking at how we can continue to innovate and in turn evolve our loan offering to enhance what we offer consumers Australia wide.” – Andrew Kirkwood, CEO Enably
Instatruck (fourth) completed a $500k angel round, and was one of nine startups sharing in $91k of WA government grants through Spur. The truck matching service was also one of 20 shortlisted apps at OzAPP Awards 2016, along with Cribber, FeedMee, Ovass, Storekat and Formalytics.
Like Instatruck, Formalytics has also been busy raising capital from angel investors. The football training app made it to the top five shortlisted apps at the OzApps Awards earlier this month. It also picked up a nomination from our Panel of Experts, and saw strong social media engagement.