Published On: Fri, Sep 5th, 2014

BlueChilli Receives $5 Million for Start-Ups




BlueChilli, which has a thriving portfolio of start-ups, received $5 million in funding from Simon Hackett, Myer Family Investments and Internode founder. The funding will help nourish new start-ups, and BlueChilli management says it has had nearly 40 in its  portfolio.

BlueChilli was founded in 2012 by Sebastien Eckersly-Maslin and received backing from Domenic Carosa’s Future Capital Development Fund. BlueChilli has supported dozens of internet startups in the last two years, and management’s goal is for 100 startups by 2016. Hackett said the focus is on developing Australian startups; “While we wait for Australia to take concrete steps to support the growth of the local technology industry, I’ve been working with a number of early-stage Australian start-ups to help them reach their goals.”

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