Techboard has released its first Quarterly Funding Report. With a focus on funding deals involving Western Australian startups and tech companies, the report highlights the diversity of deal types which concluded over the past three months.
WA averaged two deals a week over the period. One third of the 25 total deals were angel or seed rounds for unlisted companies, belying the claims that it is hard for startups to raise money in Perth.
At the larger end of the market the top three deals (in value), which made up 62% of the overall total amount raised, were funded overseas. These included a $43m Canadian bid for a spinout of medicinal cannabis company MMJ Phytotech, and a $34m debt and seed equity round for fintech Enably, funded in the US.
The report only includes deals announced or confirmed in the October to December 2016 quarter, involving startups and tech companies which are eligible for a listing on Techboard.
The report is available for purchase in two forms:
· The Summary Funding Report is available for download for $99 – containing an itemised list of companies, amounts raised and deal types.
· The Detailed Funding Report is available for download for $249 – containing in addition to the above additional information on the company, a description of the funding event and identity of the investors where available.