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An online wine retailer that has turned wine selling on its head has taken out the Telstra Victorian Business of the Year Award.More
Blue Sky Venture Capital, one of Australia’s largest tech start-up funds, has made its first investment in the southeast Asian market as it bids to tap into the take-up of e-commerce across the region in a $13.6 million funding round for Thailand-based aCommerce. The start-up is an ambitious regional play, acting as both an online platform and logistics partner to help brands, including L’Oreal, Adidas and Nestle, set up an online retail presence in countries across the area.More
When young entrepreneurs go to venture capitalists like Elaine Stead to fund their dreams, they have made a choice that will shape the course of their lives. “If they have a belief in their business idea, they’re happy to make that choice,” says Stead of Blue Sky Funds. Over the past decade, Blue Sky has funded 2500 entrepreneurs into the new economy through businesses in technology, food and agriculture, healthcare, education, retail and even a dunny business.More
“I was naïve about the effort required and the relentless nature of running a business” Michael Klim thought he had his new career figured out. But the Olympian turned managing director of Milk & Co found it was not so easy.More
Australian Financial Review – Telstra has acquired Melbourne-based developer, IT consultancy and Microsoft partner Readify to add to its growing portfolio of network enterprise, security and services business. The purchase is the second Microsoft partner that Telstra has bought this year, with the telecommunications giant understood to have paid $40 million for cloud migration services business Kloud in January.More
Morgans Adviser, Chris Titley interviewed Mark Sowerby yesterday in the latest episode of the Morgans Executive Series. The interview provides an insight into the history and growth of Blue Sky and highlights the guiding principles of the business.More
In business, much like in fairy tales, unicorns are rare, mythical creatures. The unicorn is the illusive fantasy of tech start-ups and investors searching for the next billion-dollar idea. Yet less than 0.1 per cent of start-ups will ever see their companies transform into these rare beasts. Elaine Stead is one such visionary. As Blue Sky Venture Capital director, Stead has been instrumental in the success of some of the coolest early stage businesses, including custom shoemaking website Shoes of Prey, which is among only a handful of Australian brands stocked in US retail giant Nordstrom, and e-commerce website Vinomofo, which aims to take the pretension out of fine wine.More
Friday 13 May 2016 – Blue Sky Alternative Investments Limited (ASX: BLA) has successfully raised approximately $45.1 million through a placement and the accelerated component of a one for ten entitlement offer to professional and sophisticated investors. This first stage of Blue Sky’s capital raising was heavily over-subscribed. All eligible shareholders will now be able to participate in the second stage of the capital raising, a one for ten non-renounceable entitlement offer to raise a further $21.7 million.More
The Australian – The skincare product company owned by former Olympic swimmer Michael Klim has followed the lead of vitamins giants Blackmores, Swisse and Nature’s Care by signing a distribution deal with the category killer of the pharmacy sector, Chemist Warehouse. The deal is expected to increase sales of Mr Klim’s Milk & Co products by 50 per cent over the next 12 months, helping the brand’s expansion into China. Export sales now represent about 25 per cent of revenue.More
Wednesday 11 May 2016 - Blue Sky Alternative Investments Limited (ASX: BLA) has this morning announced its intention to raise up to $67 million through a one for 10 entitlement offer to existing shareholders and a placement to institutional, professional and sophisticated investors. Shares will be issued under both the placement and the entitlement offer at $6.50, representing a nine per cent discount to the closing price of $7.16 on Tuesday 10 May 2016.More
The Australian – Innovative Toowoomba organic grain and flour processor Kialla Pure Foods has been part-sold to a private fund owned by listed Australian investment company Blue Sky Alternative Investments. The Blue Sky Agricultural Fund 3 bought 30 per cent of family-owned Kialla Foods, started from scratch by Quentin and Michelle Kennedy in 2005.More