TheBestDay, a Sydney spin-out, secures AU$1m ($1.05m) to launch its social planning tools service.

TheBestDay, a University of Sydney spin-out that provides social planning tools, has secured AU$1m to fund its launch from a seed round led by OneVentures.

Also joining the venture firm in participation were members of Sydney Angels and its Sidecar Fund.

The Australia-based firm, which is due to begin rolling out its product over the coming months, offers calendar tools driven by a social network. Users will be able to interact with one another to fluidly plan a time and…

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