Techboard is pleased to be able to present its Latest Report, FUNDED 2022, Australian Startup Funding in Review.
This edition of FUNDED is brief for two reasons, December was a little quiet and we have also been working on our latest report, FUNDED 2022 Australian Startup Funding in Review. December 2022 did not continue the growth trend we had seen from September through to November 2022 from the low in August this year. December saw $438m from 45 deals (including equity crowdfunding raises) are included) compared to $685m in November. Taking into account all funding types we captured 55 completed funding events totalling $546m. Find out more about FUNDED.
For the past two months Techboard has reported substantial month on month increases in private funding (of 140% and 33%) since the 9 month low in August this year. November showed marginal growth from October with $678m from 38 deals (or $685 from 49 deals if equity crowdfunding raises are included) compared to $665m in September. This is now the third month in a row suggesting a recovery in funding levels when looking at top line dollar amounts. Taking into account all funding types we captured 61 completed funding events totalling $757m and another 12 open and future funding events. Find out more about FUNDED.
So it is under six weeks to Christmas AND as an early Christmas present we have another edition of FUNDED covering October 2022. Just like Techboard reported in September, October has seen a big jump in private funding. For October we captured $661m from 99 announced deals up from $498.3m from 52 deals for September. This is the second month in a row which appears to suggest we are seeing a recovery in funding levels, with monthly funding in both dollars and deals reaching levels near the beginning of the last major growth phase we experienced in early to mid 2021 (see chart below). Taking into account all funding types we captured 146 completed funding events totalling $890m and another 25 open and future funding events.
Another quarter has come to a close, the end of the year feels like its coming awfully quickly AND we have another edition of FUNDED... Covering September 2022 and the September Quarter. September has seen a big jump in private funding with $498.3m from 52 deals or $501m from 57 deals if you include equity crowdfunding.
Are we seeing a recovery or is it too early to celebrate?
Welcome to August 2022 edition of FUNDED. In August we captured the lowest level of funding from announced deals since September 2020, arguably the start of the recent startup funding boom which ran from then until March this year. Private investments in August 2022 totalled $207m from 22 deals, or $213m if you add in six equity crowd-funding deals. This was down 56% from July's $461m and 67% from the $629m we saw in August 2021 back to pre-boom levels which have seen funding in August sitting between $109 and $237m.
This edition of FUNDED marks a milestone for Techboard and the beginning of a new financial year. We have published a full year of FUNDED updates and are now starting a new year afresh. We have also a full five years of funding data as Techboard began capturing funding data on a National basis way back in in July 2017.
This month we added 149 new funding events, 84 new companies, 37 new investors and 132 new company founders.
Paying subscribers can use our Funding Event Search Engine to access all of our startup and tech funding data by ten variables.