Australian Startup CEO faces new troubles for fund raising?

As of September 2024, Australia is not officially in a recession, but it is facing significant economic challenges. The country has entered a per capita recession, where GDP per capita has declined for two consecutive quarters. While overall GDP is still growing slightly due to influx of new migrants (528,000 in 2022–23 to 395,000 in 2023–24), the forecasted 2024 GDP growth could be 1.3%!

Rising interest rates (current official cash rate is 4.35% and RBA may keep the rate in this level during...