Queensland startup Guvera abandons the Australian market and loses its CEO

"Embattled Queensland music streaming startup Guvera will be quitting the Australian market in order to focus on “emerging” regions. It comes as its chief executive and co-founder Darren Herft has left the company, to be replaced by fellow co-founder Claes Loberg in an interim capacity. Guvera’s future has been in doubt after its planned $1.4 billion IPO was blocked by the ASX. The company has since placed two of its subsidiaries into administration and is currently undertaking an emergency capital raise." Read more

Denham Sadler StartupSmart 29 July 2016