Fishburners, the Sydney co-working space that grew into one of Australia’s most influential startup communities, has entered voluntary administration.
The administration spells an uncertain future for the not-for-profit, which evolved from a single hub in Ultimo to a community spanning over 35,000 entrepreneurs.
Documents listed by the Australian Securities and Investments Commission show Fishburners appointed Phil Quinlan and Gayle Dickerson of KPMG as administrators on Wednesday.
In a statement, the voluntary administrators confirmed they will continue trading Fishburners, as they “undertake an immediate assessment of the business, in tandem with an accelerated sale and recapitalisation process”.
The board of…