StartupGenome recently published its Global Startup EcoSystem Report 2019. That report included two Australian Cities, Sydney and Melbourne. The Report found that Sydney had slipped 6 places down in its top 30 ranking to 23rd and named Melbourne as a Challenger Ecosystem, on the cusp of breaking into the top 30 ranking.
Since publishing our funding report for the March Quarter 2019 on 1 May 2019, over ten stories have been published on the report by startup, general and business media channels here in Australia and overseas.
Techboard is pleased to present its latest startup and young tech funding report for the quarter ending 31 March 2019. This quarter on the lead up to the Australian Federal Election we decided to do more analysis of our numbers than usual for our 'minor' reports and we identified a number of trends that may provide some cause for concern.
It has been well reported by Techboard and others that the level of funding for Australian Startups and Tech has been on the rise so for this International Women’s Day we decided to undertake a partial analysis of our funding data to see how female founded startups fared in the last year.
NOTE: since this post was published we discovered that Judo Capital's Chief Marketing Officer Kate Keenan was also a co-founder. Given that Judo Capital had the largest funding event we captured for 2018, a $350m debt facility AND a $140m capital raise... this has thrown our figures out just a little... Taking the percentage of funding going to female founded companies to 19.9% of funding events over $5m .... and the percentage of large scale private investment from the previously reported 15.4% to 26.5%.
US-based data company CB Insights recently reported that VC investment in Australian Fintech had grown from $67m in 2017 to $343 million in 2018. While this does show massive growth in funding for Australia’s fintech sector, data from Australian Startup Data Company Techboard indicates that this represents a significant understatement of the sector’s growth. (Edited). Read More
Techboard is pleased to present its Report into funding secured by Australian Startup and Young Tech Companies in the quarter ending 31 December 2018. During the December quarter 2018 Techboard identified over 160 funding events across a broad range of funding types ranging from accelerator program funding, acquisitions, equity crowdfunding, major debt instruments (sometimes called venture debt), grants (including awards and prizes), initial coin offerings, initial public offerings and reverse takeovers, ASX placements and private investment (including angel, VC and other large-scale private investment).
The report reveals that Australian Startups and young tech companies received $1.066B in funding during the December 2018 quarter. The quarter was strong in general with a small reduction in funding from the September Q 2018, but a significant increase from the Dec Q 2017 ($762m) by almost 40%.
On Thursday 13 December we held our first ever Techboard Roundtable, an event aimed at getting the conversation around the future of funding for Western Australian Startups and Tech Companies into the public arena and highlighting Techboard's Funding Data. We had an awesome panel of ten experts representing the different funding types and a great audience an exceptional facilitator in Stephen Carroll from our partners RSM. Our friend Jurgen van Pletsen of Niche Interview recorded the entire session for posterity.
EVENT COMPLETED - SEE VIDEO OF EVENT
We are very pleased to be introducing the inaugural Techboard Roundtable in which our experts will be discussing the future of funding for Western Australian Startups. The concept of the roundtable is effectively closing the loop on the panel session... joining the ends together ... with the conversation driven by our experts around the table. We are hoping this will be the first of many, with our second one in planning for Sydney in Q1 2019.