Techboard's second Roundtable event took place on 3 July 2019 at Spacecubed's Riff. At this Roundtable the panelists addressed the question of "Does WA need a $100m VC Fund". The video from that Roundtable is now available.
As part of its series of Roundtables presented by Techboard and RSM we are pleased to announce our third Roundtable event and its first in Sydney is taking place on 6 August in Partnership with RSM and Startcon at Freelancer HQ. At this Roundtable the panelists will be discussing the Future of Funding for Australia's Startups. Read about the Roundtable series.
[EDITED] VIDEO NOW AVAILABLE
Techboard's second Roundtable event is taking place on 3 July 2019 at Spacecubed's Riff. At this Roundtable the panelists will be addressing the question of "Does WA need a $100m VC Fund". We have also set a date for our first Roundtable in Sydney on 6 August 2019. Registrations for the Sydney event are now LIVE
Following on from a successful pilot in Perth in December 2018 Techboard and RSM come together again to present a series of Techboard Roundtable events. Techboard Roundtables are a new twist on a panel session where we have panelists around a table having a facilitated conversation on a topic related to startup and tech funding, informed by Techboard’s data all in front of a live audience.
StartupGenome recently published its Global Startup EcoSystem Report 2019. That report included two Australian Cities, Sydney and Melbourne. The Report found that Sydney had slipped 6 places down in its top 30 ranking to 23rd and named Melbourne as a Challenger Ecosystem, on the cusp of breaking into the top 30 ranking.
Techboard is pleased to present its latest startup and young tech funding report for the quarter ending 31 March 2019. This quarter on the lead up to the Australian Federal Election we decided to do more analysis of our numbers than usual for our 'minor' reports and we identified a number of trends that may provide some cause for concern.
Techboard is pleased to report that international payments fintech start-up Airwallex has raised $100m USD in Series C round led by DST Global. This represents a significant funding event not just for the company but for the Australian Ecosystem, with Airwallex joining Canva in the very exclusive Australian unicorn's club.
This funding round will be captured in Techboard's upcoming funding report for the March Quarter 2019 which will be published early April. Techboard funding reports include deals reported in the startup and more traditional press as well as transactions that are reported to Techboard. Techboard also now provides commercial subscribers with access to its funding data.
It has been well reported by Techboard and others that the level of funding for Australian Startups and Tech has been on the rise so for this International Women’s Day we decided to undertake a partial analysis of our funding data to see how female founded startups fared in the last year.
NOTE: since this post was published we discovered that Judo Capital's Chief Marketing Officer Kate Keenan was also a co-founder. Given that Judo Capital had the largest funding event we captured for 2018, a $350m debt facility AND a $140m capital raise... this has thrown our figures out just a little... Taking the percentage of funding going to female founded companies to 19.9% of funding events over $5m .... and the percentage of large scale private investment from the previously reported 15.4% to 26.5%.
US-based data company CB Insights recently reported that VC investment in Australian Fintech had grown from $67m in 2017 to $343 million in 2018. While this does show massive growth in funding for Australia’s fintech sector, data from Australian Startup Data Company Techboard indicates that this represents a significant understatement of the sector’s growth. (Edited).