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.
December saw only 2 megadeals of greater than $50m, down from three in November. There was a slight increase in large sub $50m deals, with private investments of between $10m and $50m lifting from 9 to 10.
We have published our latest capture to the Techboard platform which is accessible to our commercial subscribers For access to our full data capture, sorted, catalogued and full searchable, inquire about a data subscription.
So what happened in December 2022?
Who’s been FUNDED?
The trend for December was firmly in the Health & biotech sector with 6 private raises netting $188m or 43% of total private investment for the month. The largest raise was a megadeal of thje month was Synchron, a braintech startup, which closed a $110m Series C raise. Read more...
Other significant Healthtech raises included Vaxxas, a vaccination biotech startup, which closed a $34m funding round (read more...),
Aravax, a peanut allergen biotech, which closes a $29.8m Series B raise (read more...) and BiomeBank, a biotech startup, that closed a $10.7m funding round (read more...)
In December Fintech took second rung to Healthtech with Tic:Toc, a morgtage tech startup, which closed a $54m Series D raise (read more...).
Other significant raises for November included:
Willow, a digital infrastructure startup, closes a $42m Series B raise. Read more...
Roller, a software startup, closes a $28.2m funding round. Read more...
5B, a solar array startup, adds $25m to its Series B raise. Read more...
Apromore, a business software startup, closes a $15.8m Series B raise. Read more...
Zetifi, a communication tech startup, closes a $12m Series A raise. Read more...
Pathzero, the emissions startup, adds another $8.6m to its 2021 Series A raise. Read more...
Other funding events for our paid subscribers:
(Our paid subscribers get access to many more funding events on the Techboard Platform)
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