A Sydney, Australia-based journalist, Michael Lee covers a gamut of news in the technology space including information security, state Government initiatives, and local startups.
A gym-equipped workspace, AU$40,000, and access to Telstra experts are among the benefits selected startups will receive.
As part of the acquisition, the startup will no longer accept new signups to its product.
Benefits from the merger include better mining of data, increased investment in hiring technology, and better platform tools.
Proposed changes to Australia's R&D tax credit and early stage investment programs have been dismissed, leaving the startup industry without a break.
Coinbase's Series B comes shortly after Aussie startup Coinjar gets its own AU$500,000.
The latest round of funding almost matches the efforts of all of its Series B round contributors.
The company has decided on a local exchange rather than a US one to contribute to the local startup ecosystem.
Airtasker is focusing on temporary recruitment and growing its mobile platforms.
After listing on the Australian Stock Exchange, local outsourcing business Freelancer.com has tripled in its opening value.
With just 12 months under its belt, Pocketbook can now add $500,000 to its bankroll following keen interest from local backers.