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bluechilli.com

Founded Year

2017

Stage

Grant | Alive

Total Raised

$5.18M

Last Raised

$180K | 6 yrs ago

About BlueChilli Group

BlueChilli Group partners with entrepreneurs to help build, grow and invest in their new tech startup businesses. BlueChilli has created a unique working environment for new businesses to grow. In a BlueChilli incubator users will be joined by like-minded entrepreneurs, be supported by BlueChilli mentors and have access to their own development staff.

BlueChilli Group Headquarter Location

Level 2 50 York Street

Sydney, New South Wales, 2000,

Australia

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Latest BlueChilli Group News

Former AFL player's startup floats on ASX after spat with BlueChilli and cancelled reverse listing

Dec 9, 2016

Email MELBOURNE, AUSTRALIA – JUNE 12: Joel MacDonald of the Lions takes the ball in front of James Hird of the Bombers during the round twelve AFL match between the Essendon Bombers and the Brisbane Lions at the Telstra Dome on June 12, 2004 in Melbourne, Australia. (Photo by Nick Laham/Getty Images) A former AFL player’s startup has floated on the Australian Securities Exchange today, after a reverse listing fell through earlier this year. Retired Brisbane and Melbourne player Joel Macdonald has raised $5 million through the IPO for his logistics software company GetSwift, giving it a market capitalisation of $25 million. Business Insider can reveal that GetSwift attempted to reverse list on the ASX in April through mining company Global Geoscience. The transaction had gone as far as being announced to the market and the presentation of an analyst briefing before the deal was cancelled in May. GetSwift executive chairman Bane Hunter said the reverse listing was not carried through as the company decided to seek fresh investors. “After consideration and seeing the growth trajectory of the business and our traction abroad, we thought this would be a more compelling story for a new round of investors as opposed to those already invested in Global Geosciences,” he told Business Insider. “It turned out to be a good decision as we closed our roadshow early and were four times oversubscribed.” Business Insider has contacted Global Geoscience for comment. GetSwift provides software that manages dispatching and delivery services for the “last mile” to the customer’s door. With a motto of “Dispatch like Uber, track like Dominos, set routes like FedEx”, the company says it solves four problem areas: visibility, dispatch, routing and tracking. Last year, under its previous name Swift, the startup made headlines for signing a big-name US customer , believed to be grocery industry challenger Instacart. The IPO prospectus claims the platform is currently used by more than 200 customers in more than 50 countries across more than 30 verticals. However, the prospectus also reveals the revenue for 2015-16 financial year only added up to $107,554 and that the company copped a $462,536 net loss. The IPO has given early backer BlueChilli a reported $1.2 million exit after its CEO Sebastien Eckersley-Maslin and Macdonald fell out in a very public spat earlier this year. Eckersley-Maslin resigned from the GetSwift board amid accusations that a missed meeting caused the company’s IPO to be delayed by 28 days. Macdonald told SMH at the time Eckersley-Maslin was “overcommitted” and that it was “disappointing” that GetSwift “didn’t see that same level of assistance, commitment and support from Sebastien [compared to other BlueChilli staff]”. Before that episode, Macdonald had defended BlueChilli against detractors. Eckersley-Maslin defended his and BlueChilli’s contribution to GetSwift in comments to the AFR this morning. “We created his brand, raised his funds, built his product, built his team and supported his technology. Our equity stake of 25 per cent was commensurate with this significant effort and investment of our team, working with Joel as a sole founder after he parted ways with his co-founders,” he told the AFR . “I ended my relationship with GetSwift when its vision, values and ethics no longer aligned with mine.” Macdonald, who played a total of 124 AFL games before retiring in 2013 , dipped his toes into the startup world with beer delivery service Liquorun. The logistics system from that venture was commoditised into GetSwift, for which he moved to New York before moving the headquarters to Melbourne this year in anticipation of a public listing. Follow Business Insider Australia on Facebook , Twitter , and LinkedIn Tagged In

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  • When was BlueChilli Group founded?

    BlueChilli Group was founded in 2017.

  • Where is BlueChilli Group's headquarters?

    BlueChilli Group's headquarters is located at Level 2, Sydney.

  • What is BlueChilli Group's latest funding round?

    BlueChilli Group's latest funding round is Grant.

  • How much did BlueChilli Group raise?

    BlueChilli Group raised a total of $5.18M.

  • Who are the investors of BlueChilli Group?

    Investors of BlueChilli Group include Queensland Government, Simon Hackett and Myer Family Investments.

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