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Australian Angel Awards 2023 – brought to you by Techboard and Angel Loop

Techboard is pleased to be back with the Australian Angel Awards for another year, this time with a new partner, Angel Loop.

The purpose of these awards is to celebrate the contribution Angel investors make to the startup ecosystem and overall economy and community  in Australia. Angel investors not only provide their own money as capital to startups and early stage businesses, they are also generally active in their support of their investee companies, providing guidance, mentoring, introductions and more.

Entries for the Awards have been extended until Midnight on 8 November 2023.

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FUNDED FY23 – Australian Startup Funding in Review

Techboard is pleased to present its Latest Report, FUNDED 2023, Australian Startup Funding in Review including a follow up to our "Funding of Women-Led Ventures Report"

This report includes in depth analysis of Startup Funding in Australia with a strong emphasis on private funding including breakdowns by deal size, funding label, category and state. The report contains many breakdowns by founding team gender and also includes analysis of investors for FY23.

The report also introduces Techboard's new Fintech Funding Project aimed at putting unannounced deals under the spotlight.

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Techboard’s Fintech Funding Project

The funding events captured and reported on by Techboard are collected from public announcements and from direct reports to Techboard. Avid readers of Techboard's releases might have noticed a shift in the terminology we have been using and the increasing reference to "announced" deals. This is not only because we have long known that not all capital raises by Australian Startups are announced. We estimate that public announcements may account for less than 50% of private investments into Australian Startups in both number and dollar value and Techboard has been developing an approach to identify measure and reveal these unannounced investments.

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FUNDED June 2023 – Including a Teaser of Funded FY23

Welcome to our summary of Australian startup and tech company funding news for the month, FUNDED for June 2023.

FUNDED is out a little later than usual as the Techboard Team have been hard at work putting together FUNDED FY23 Australian Startup Funding in review which will be out next week.

For the month of June Techboard captured $309m worth of private investment from 79 deals.  To save you the effort of going back over previous editions of FUNDED this takes the total VC/private funding for the June quarter 2023 to $1.182b from 162 announced and reported deals and $2.193b from 284 announced and reported deals for H1 2023.  

For the record Techboard captured a total of 90 funding events for June, including 79 private investments, 3 public investments, 3 grants, one debt financing and 3 acquisitions. We created new profiles for 69 new companies, 22 new funders/investors and 100 new company founders.

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FUNDED May 2023

Welcome to our summary of Australian startup and tech company funding news for the month, FUNDED for May 2023.

Private investment levels from deals announced in May 2023 dropped from April's levels from $498m from 40 rounds down to $374m from 42 deals (noting we haven't had any angel deals reported to us for the month). This represents the lowest level of private investment captured for a May since 2019.  What should be noted is that there were no deals greater than $100m for the month and only megadeal of $50m or more. In fact, if we omit deals of over $100m, May had the largest amount of investment reported so far in 2023.

For the record Techboard captured a total of 95 funding events for May, including 42 private investments, 3 public investments, 45 grants and awards and 5 acquisitions. We created new profiles for 41 new companies, 31 new funders and 64 new company founders.

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FUNDED April 2023

Welcome to FUNDED for April 2023 our summary of Australian startup and tech company funding news for the month.

During the month of April  Australian startups announced they had collectively raised $498m from 40 private rounds. This was a substantial increase in dollar value from March which saw close to $206m from 49 deals (noting that we have added 14 rounds since the last edition of FUNDED... due to a delay in the reporting of generally smaller investments). Funding levels for the month were however buoyed massively by one funding round which accounted for 45% of the total value of the deals announced.

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FUNDED March 2023 – Including Q1 Funding Update

Welcome to this Month's FUNDED, also including an overview of funding for the March Quarter 2023.

As predicted in the February edition of FUNDED, March funding levels were quite subdued in part due to the fallout of the recent collapse of the Silicon Valley Bank as well as a number of other factors such the increase in interest rates and cost of living pressures. In March 2023 Australian startups announced they had collectively raised $204m from 36 private rounds. This was less than half the amount announced in February which saw $432m from 47 deals and even down from the usually slow January which saw $372m from 28 deals.

As a Quarter, Q1 2023 saw a little over a billion in private/VC investment with $1.010 billion from 111 deals. Read on for our breakdown of the quarter.

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FUNDED February 2023

FUNDED February 2023

Hey folks 👋

I’m Ryan, Techboard’s Data Analyst and I’m taking over this edition of FUNDED.

Australian tech startups collectively raised $426m in February 2023 from 44 private rounds, which around 50% more deals than in January.  

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FUNDED January 2023

Welcome to the January 2023 edition of FUNDED.  We are a little later than usual with this edition... we have been a little focussed on FUNDED 2022 and our new Fintech Funding Project. 

Australia’s tech scene kicked of the year with $451m in total funding for January, $379m of which comes from 30 venture capital deals. Almost half of that amount comes from one megadeals, Xpansiv’s $181m raise. January’s VC funding Funding levels were subdued as usual for a January with VC funding down $59m less than December 2022.

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