Investment in Australian startups "has never been stronger": Top 20 deals revealed

Investment in Australian startups "has never been stronger": Top 20 deals revealed

Venture capital (VC) investment in Australian companies hit a record US$2.5 billion (AUD$3.4 billion) in the year to 1 July 2021, up from US$1.95 billion (AUD$2.7 billion) in the previous year, according to a new KPMG report.

The firm's Venture Pulse Report, which captures investment in startups across the world, reported a record 327 Australian VC investment deals over the financial year, which according to KPMG head of high growth ventures Amanda Price means the environment "has never been stronger".

"The investment environment for Australian high growth ventures has never been stronger with VC firms continuing to attract and deploy capital at a record rate," Price said.

"Alongside the continued progression of Australia's new unicorns, startups that have achieved a valuation of over $1 billion, we have also seen record seed rounds raised. Startups like Honey, Nourish Ingredients and Carted have attracted over $10 million of early stage funding.

"As we look to Australia's post-pandemic future, the emergence of these digital disruptors has massive potential to contribute to the nation's economy. You only have to look at the influence of their predecessors such as Atlassian to view the positive impact of home-grown Australian tech giants, creating jobs and wealth for the country."

In addition, the past three months have seen record levels of startup funding globally, with $157.1 billion raised across 7,687 deals.

"Worldwide, the past quarter has seen capital flow into startups at record levels," Price said.

"While fintech was the most attractive sector of investment in all regions of the world, health and biotech continued to see significant investment activity, in addition to areas such as EdTech, gaming and food delivery.

"With a significant amount of cash looking for investments, the VC market is expected to remain very robust over the coming quarters."

The top 20 Australian startup investment deals (1 July 2020 - 1 July 2021) (US$Mil)

Airwallex 100
Brighte 100
Athena 90
SafetyCulture 73
Canva 71
V2 55
Gilmour Space Technologies 46.7
Linktree 45
Horizon Power 44.5
Zeller 38.8
Avenue 37
Sendle 35
Employment Hero 34.9
RayGen 32.5
Integrity 31
Stake 31
Baraja 31
Morse Micro 30.3
Elenium Automation 26
Sea Forest 25.5

 

The top 20 Australian seed round deals (1 July 202 - 1 July 2021) (US$Mil)

Honey 12
Nourish Ingredients 11
Vop 10
Pyn 8
XY Sense 6.3
JigSpace 6.1
Vitruvian 6
VOW Foods 6
Hysata 5
Illuvium 5
myInterview 5
Okendo 5
Mindset Health 5
mod.io 4
PaidRight 3.8
Robobai 3.6
Ultra HPQ 3.5
Provectus Algae 3.24
Handdii 3
Unhedged 2.3

 

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