Australian technology startup, BlueChilli Group, has received a $5 million investment thanks to Myer Family Investments and Internode founder, Simon Hackett.
The investment will help speed up the growth of providing services to early-stage technology startups, and to corporate customers seeking startup-like innovation.
BlueChilli was founded in 2012 by Sebastien Eckersley-Maslin. The company received backing from investor Domenic Carosa’s Future Capital Development Fund. Future Capital’s equity will also be acquired in the transaction. The value hasn’t been disclosed.
“We’ve been able to demonstrate a uniquely viable model for creating a thriving portfolio of more than 40 new tech startups in two years. The investment signifies their support for our plans to scale our model here and overseas,” BlueChilli founder and CEO, Sebastien Eckersley-Maslin, said.
BlueChilli stated it was on track to achieve a goal of delivering 100 new startup ventures by 2016.
Hackett said his investment reflected his interest in fostering the best avenues for growing the Australian tech startup economy.
“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 tech startups to help them reach their goals,” Hackett said.