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Billionaire Kroonenburg lands big valuation for AI ad agency Cuttable
Billionaire Kroonenburg lands big valuation for AI ad agency Cuttable

AU Financial Review

time4 days ago

  • Business
  • AU Financial Review

Billionaire Kroonenburg lands big valuation for AI ad agency Cuttable

The founder of online training-start up A Cloud Guru, sold to American education giant Pluralsight for $2 billion, is building a new artificial intelligence advertising venture, which has been valued at $44.5 million after raising money less than a month since its launch. Sam Kroonenburg founded A Cloud Guru with his brother Ryan in 2015, ultimately selling out in 2021. His new venture, Cuttable, uses AI to generate tailored social media advertising campaigns for small brands.

Xero preps monster capital raising for M mandates JPM, UBS
Xero preps monster capital raising for M mandates JPM, UBS

AU Financial Review

time24-06-2025

  • Business
  • AU Financial Review

Xero preps monster capital raising for M mandates JPM, UBS

The $30 billion accounting software giant Xero is expected to launch a blockbuster capital raising to fund M&A on Wednesday morning. Xero CEO Sukhinder Singh Cassidyis among the highest-paid CEOs on the ASX and is well regarded among investors. Louie Douvis Xero, the winner of the Sustainability Leaders list in the banking, superannuation and financial services category, is helping businesses small and large calculate their carbon footprint. A group of successful Australian entrepreneurs who have built 'unicorns' including Aconex, A Cloud Guru and Go1, have joined forces to form a new VC firm. See all Xero news

Billion-dollar tech founders turn investors with new $50m fund
Billion-dollar tech founders turn investors with new $50m fund

AU Financial Review

time09-06-2025

  • Business
  • AU Financial Review

Billion-dollar tech founders turn investors with new $50m fund

A group of Australian technology entrepreneurs who have built billion-dollar start-ups have joined forces to invest in a new $50 million venture capital fund, to back the next wave of local founders. More than 15 founders of so-called 'unicorn' start-ups, including Go1 co-founder Andrew Barnes, A Cloud Guru co-founder Sam Kroonenburg and former Aconex chief executive Leigh Jasper, have invested in Glitch Capital.

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