Techboard is very pleased to announce it has again been contracted by the Australian Government via the Department of Industry, Science, Energy and Resources to provide data on funding secured by Australian Startups and Young Technology companies.
In our recent Annual Report for FY20 we revealed that startup and tech funding in Australia remained generally strong despite COVID 19. Techboard data for the September quarter 2020 reveals a much less positive picture with funding levels generally lower across the board, with funding down 47% from the June quarter 2020. Overall funding levels however remained ahead of funding levels for the same period in 2019, up 25%.
The Techboard Team has been busy over recent months, ensuring that we continue to deliver the best Startup and Tech funding data to our subscribers, increasing the pace at which we can deliver that data and also working on a project to improve the Techboard platform to provide access to our data in a form where it is easier to interrogate, explore and discover insights. We are pleased to report that the first part of that project has been released, the all NEW Techboard Funding Event Search Engine incorporating our new integrated data architecture. The new search engine enables a funding centric search of our three major datasets of Companies, Funding Events and Funders/Investors (we capture much more than just private investment).
Techboard is pleased to be presenting its third Australian Startup and Young Tech Company Annual Funding Report for FY20. During FY20 Techboard captured 895 funding events for 726 Companies from 385 funders. The Techboard Team has been analysing this data, comparing it to our data for previous periods to extract insights, movements and trends. This report is the result of that analysis. Primary author on the report was Rafael Kimberley-Bowen, co-founder of Techboard.
Techboard are pleased to announce the Australian Angel Awards 2020 are open. The awards recognise and celebrate those active in the angel investment community and the importance of angel investment to the growth of the Australian startup and tech ecosystem and its broader impact on the Australian economy and community. Winners have been announced.
This is the second Month that Techboard has issued a Funding Bulletin giving a monthly breakdown and analysis of Australian Startup and Young Tech company funding. Until our first such bulletin last month we had been compiling and releasing our data on a quarterly basis since 2017. Back in April 2020 in order to enable us to deliver our insights to the Ecosystem and data to our data customers more rapidly and to track how the pandemic is impacting upon startup and tech funding almost as it happens we decided to move to monthly data collection and reporting.
Techboard is soon going to be compiling its funding data for June 2020 and undertaking a detailed analysis for our Annual report for the 2019/20 financial year which will contain much more detailed analysis of funding over the year, with Sectoral, State, funding type, dealsize and investor breakdowns and more. We are also soon going to be making some exciting announcements about improved access to Techboard Funding and Investor Data.
The funding and investor data underlying this Bulletin is now available to Techboard's Commercial Subscribers.
In order to provide greater insight into how the funding environment is evolving in the light of COVID 19 Techboard has started looking at funding data on a monthly basis. This release provides commentary on the first four months of funding data for 2020. More information on funding in the month of April is available in our first Monthly Funding Bulletin. The Funding Report for the March Quarter 2020 is available below.
Techboard recently held its first virtual Roundtable on funding options for Aussie Startups in the Covid era. We had assembled a panel from across a variety of funding types to try to gauge how the current environment was impacting on a variety of funding types available to Startups.
Our coverage of the Roundtable discussion will be in two parts. In Part 1 we will cover what the panelists were experiencing in the market across the different funding types. In Part 2 we will be covering some super useful tips for founders.