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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