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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