In order to provide greater insight into how the funding environment is evolving in the light of COVID 19 Techboard has started looking at funding data on a monthly basis. This release provides commentary on the first four months of funding data for 2020. More information on funding in the month of April is available in our first Monthly Funding Bulletin. The Funding Report for the March Quarter 2020 is available below.
This is the second part of the writeup of Techboard’s Roundtable: Funding options for Aussie Startups. See Part 1: How Covid is affecting the available funding options for Startups.
In a wide ranging discussion our panel had some very useful advice for startup founders on issues including what founders should focus on in their communications with potential investors, timing of fundraising, company valuation and mechanisms to delay a valuation.
Techboard recently held its first virtual Roundtable on funding options for Aussie Startups in the Covid era. We had assembled a panel from across a variety of funding types to try to gauge how the current environment was impacting on a variety of funding types available to Startups.
Our coverage of the Roundtable discussion will be in two parts. In Part 1 we will cover what the panelists were experiencing in the market across the different funding types. In Part 2 we will be covering some super useful tips for founders.
Techboard has been monitoring the growth of the Startup and Tech Ecosystem in Australia since 2017. We track all sorts of funding events, including venture capital and other private investment, public investment via the ASX, venture debt, equity crowdfunding and more. We have been tracking the growth of the ecosystem. Unfortunately in the era of COVID 19 it looks like we might soon have to track its temporary leveling or even decline.
The Department of Industry Science Energy and Resources recently put out the latest edition of the Venture Capital Dashboard tracking the sector going back as far as 2004. This is compiled based on data that venture funds who are part of two government programs are required to report to the Department. Here at Techboard we were interested to see how our data capture compared to what was reported to the Department (who by the way was Techboard's first data customer) and thought you might be too.
The December quarter of 2019 saw Techboard capture 187 funding events from 175 companies with a total value of $1.718 Billion, making it the third highest funded quarter to date but the highest for private investment recorded by Techboard with the total amount of reported private investment totalling $891m. Some standout funding events occurred in the December quarter but overall the quarter was most notable for an increased number of larger investments, particularly above $20m in value, reflecting the increasing maturity of the market.
In the September quarter Techboard captured 214 funding events for 204 companies, totaling a disclosed $976.4 million funding. Techboard’s funding data for the September Q 2019 is now available to commercial subscribers.