Business
Big bank-backed Data Republic collapses after failed funding round – The Australian Financial Review
ANZ, NAB and Singtel Innov8-backed data sharing start-up Data Republic has been placed in voluntary administration, but administrators are quietly hopeful a buyer…
The administrators will pursue a sale of the company and are encouraging interested parties to come forward.
The administrators are continuing to trade the business whilst they undertake an urgent appraisal of Data Republic, the administrators said in a statement.
The administrators will work closely with Data Republics employees, suppliers and customers to stabilise operations and to determine the appropriate strategy for the business. A recapitalisation and sale process will also be commenced…
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