Brosa

The one that got away: After paying $230 million for Catch, Wesfarmers is shutting it down

Wesfarmers is closing Catch, the online retailer it bought for $230 million in 2019, citing local ecommerce competition; the story also recalls Catch's venture backers and Little Birdie's $30m stake, pause and rescue.

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Indifferent: AirTree & CBA-backed proptech handed to administrators after raise attempts fail

Property management startup Different has gone into administration with KPMG after failing to raise new capital, despite backing from AirTree and CBA's venture arm; the piece also recalls the failures of Milkrun and Brosa.

Online health brands startup Eucalyptus picks the online meat off the bones of Jenny Craig collapse

Eucalyptus buys Jenny Craig's online assets out of administration while stores shut; the health startup's recent raise and earlier rounds are recapped, alongside other distressed-brand acquisitions.

The administrators of The Daily Edited found a buyer in veteran retailer Bernie Brookes

Administrators KordaMentha sold monogrammed fashion label The Daily Edited to Bernie Brookes' BJM, price undisclosed, while Kogan.com separately bought collapsed furniture retailer Brosa for $1.5 million.

Kogan snaps up failed furniture retailer Brosa for $1.5 million

Kogan.com has bought collapsed online furniture seller Brosa out of administration for $1.5 million, promising to fulfil customer orders, while the piece recalls Brosa's earlier venture raises and Kogan's past distressed-brand purchases.

“White knight” Kogan scoops up collapsed furniture retailer Brosa for $1.5 million

Kogan has bought collapsed online furniture retailer Brosa out of administration for $1.5 million, a week after administrators KordaMentha were appointed, and will fund delivery of outstanding customer orders.

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AirTree Ventures and Bailador-backed ecommerce venture Brosa hits voluntary administration

Furniture ecommerce firm Brosa has entered voluntary administration with KordaMentha appointed and seeking buyers, after earlier venture raises from AirTree, Bailador and BMY Group.

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Online furniture retailer Brosa collapses into voluntary administration

Furniture e-commerce firm Brosa has entered voluntary administration after pandemic-era growth reversed, with administrators appointed to run a sale process; the article also recalls earlier backing rounds.

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AfterWork Ventures co-founders named in Forbes 30 under 30

The co-founders of Sydney venture firm AfterWork Ventures have been recognised on the Forbes Asia young leaders list, alongside other regional founders and investors; the firm earlier reached a $10 million first close on its fund.

Former Young Rich Lister scores $5 million for AdTech venture Linkby

OIF republishes AFR coverage of adtech startup Linkby raising $5 million in a seed round the fund led, profiling founder Chris Wirasinha, his Pedestrian TV sale, and Linkby's publisher advertising model.

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