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Unannounced investments in Australian Startup and Tech Companies 2025

Peter van Bruchem

Techboard is very pleased to publish our latest report: "Unannounced investments in Australian Startup and Tech Companies 2025: Enriching and Supplementing Data on Announced Investments With Insights From Analysis of Regulatory Data"

Techboard has been rolling out a new approach to capture a fuller picture of capital flows into Australian startups and tech companies utilising a blend of announced deal data and data sourced from Companies’ regulatory lodgements. This new approach which was piloted by Techboard in the fintech sector will greatly improve the level of data Techboard can provide on who and what is getting investment, who is investing and at what valuation. 

Techboard is building towards being able to confirm or validate unannounced investments requiring the purchase of significant amounts of data. In the interim Techboard has implemented a key part of the necessary data infrastructure to automatically track Australian companies' ASIC lodgements so they can discover when any of the 8300+ companies we are tracking issue shares. These share issues indicate that the companies may have secured investment. 

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Tracking Unannounced Investments: Building towards revealing the true scale of investments into Australia’s Growing Startup and Technology Company Ecosystem

Peter van Bruchem

PLEASE NOTE: THIS REPORT HAS BEEN SUPERSEDED BY OUR LATEST REPORT AVAILABLE HERE

We are pleased to publish our latest report: "Tracking Unannounced Investments: Building towards revealing the true scale of investments into Australia’s Growing Startup and Technology Company Ecosystem: 2018 to end August 2025".

This Report outlines the work Techboard has been doing to build the most comprehensive data service on Investment and investors in Australia’s startup, scaleup and technology companies. This will provide massively enhanced data on investment and investors in Australia's growing Startup and Tech Ecosystem, greatly in excess of what is currently available from any other provider of startup investment data.

This expanded data service can be particularly useful for Governments, Industry groups, service providers, investors and founders.

The approach Techboard is working to roll out derives from the approach piloted in the Fintech Funding Project undertaken by Techboard in 2023, culminating with the 2024 publication of The Fintech Funding Project 2023 REPORT: Shedding light on Investment into Australian Fintechs.

The trigger for producing the report is that Techboard has now implemented a solution to automatically track Australian companies' ASIC lodgements so we can discover when any of the 7500+ companies we are tracking issue shares as an indicator that they may have raised capital/secured investment.

The work underlying the preparation of this report represents the step before purchasing bulk company data from ASIC, as we did in the Fintech sector.

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Artificial Intelligence Funding Data Review FY18-FY25

Peter van Bruchem

We are pleased to present our latest publication "Artificial Intelligence Funding Data Review FY18-FY25" reviewing announced deal data collected by Techboard during FY25.  The large bulk of the charts contained in this review were prepared for the Tech Council of Australia in preparation for The Federal Government's Economic Reform Roundtable to be held at Parliament House on19 to 21 August 2025.

In this Funding Data Review we chart this growth with charts showing overall funding levels of AI companies compared to total funding, breaking down investment on a proportional basis and by deal size.

The Review details that the level of investment in Australian AI startups and scaleups is going through the roof and accounts for just under $1.5b of investment from the total of $3.5b captured by Techboard for the FY25 financial year.

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Australian Startup Funding in Review 2023 (With March 2024 update)

Peter van Bruchem

Techboard is pleased to present its Latest Report, Australian Startup Funding in Review 2023 which includes an update on the March Q 2024. 

This Review includes in depth analysis of Startup Funding in Australia including breakdowns by deal size, funding label, category and state. The Review contains many breakdowns by founding team gender. An interactive chart of average deal size per category and deal label is also provided.

Highlights from the Review and update:

2023

  • In 2023 Techboard captured $4.438 billion in Investment from 621 private announced investments. 
  • 2023's result was just over 50% lower than 2021's 's $8.991b and down 37% from the 2022 level of $7.047b.
  • In 2023 average deal sizes took a hit almost across the board, with the largest proportional drops being experienced in the later deal stages. In later deal stages, average deal sizes in 2023 had dropped to below levels seen in 2018, with Series B and earlier sitting at closer to 2020 levels or higher.
  • In 2023, New South Wales companies accounted for around two thirds of all investment.
  • Viewed on a per capita basis all states show a continued decline since 2021 or 2022 except the ACT who has experienced a continuing increase in funding (apart from the nil result in March Q 2024).
  • Climatetech was the most funded sector with $777m in announced private investments, closely followed by Fintech with $758m, with Healthtech coming in at $574m.
  • In 2023 solely women-founded ventures had their strongest year since 2020, capturing 3.88% of all private announced capital raised during the year from 12.58% of deals.

MarQ24

  • Startup investment in 2024 has started quite slowly with $761m captured from 82 deals announced during the quarter. This level is closely comparable to what was seen in the March Quarter of 2020, in terms of dollar value captured but from 27% fewer deals. The quarter was the slowest quarter since the Sept Q 2020 ($401m) but larger than every quarter pre-June Q 2019. In terms of number of deals March Q 2024 had the lowest quarterly number of deals captured by Techboard (going back to 2017).
  • In the March Quarter 2024, the dominance of NSW on a dollar basis had dropped to closer to 50%, with Victoria starting to close the gap, moving from around 18% to closer to 30% of all funds.
  • March 2024 was the best quarterly result for solely women-founded ventures for the last six years at 16.36% of all capital raised but behind the result of Sep Q 2017 (25.68%).

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Western Australian Startup Funding in Review 2023 (With March 2024 update)

Peter van Bruchem

Techboard is pleased to present its very first funding review focused on startup funding in Western Australia. 

This Review includes in depth analysis of Startup Funding in Western Australia including breakdowns by deal size, funding label and category. The review also contains many breakdowns by founding team gender.

This review can be read in conjunction with our National Funding Report, Australian Startup Funding in Review 2023.

Highlights from the Review and update include:

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

Peter van Bruchem

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.

The winners were announced in Perth on 7 December 2023.

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