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Australia’s Startup Scene Is Booming, Here’s What You Should Know
- Published December 07, 2022 7:29AM UTC
- Publisher Osama Hassan
- Categories Capital Raising Tips
Total equity investment into startups more than tripled in 2021. More investors, from Australia and beyond, are investing in Aussie startups than ever before.
In other words, the world of capital raising is abuzz in Australia right now.
The State of Australian Startup Funding report just landed and here are some insights you should know:
🚀 90% of local investors expect investment activities to increase in 2022, and firms are doubling down by raising bigger funds and building larger teams of both investors and operators.
🌱 In 2021, the average seed round doubled, and later-stage average deal sizes all saw double-digit growth.
👨💻 Fintech and Enterprise Software are amongst the top investor picks for professional and angel investors for 2022. That said, CleanTech is a top priority for more than 38% of investors, and Blockchain/Web3 for 26% of investors.
🇦🇺 Australia is emerging as a hub for world-class startups. Overseas investors participated in one-quarter of all reported deals.
💸 92% of surveyed angel investors participate in an organised investment group, 84% have at some stage worked at a startup, and 28% expect to invest more in startups in 2022.
📊 Australian tech M&A broke records by hitting $10.8B, driven in large part by elevated activity by global buyers. However, the the number of Australian tech IPO deals increased only marginally from 2020, and most deals are now underwater following the significant Q4 21 / Q1 22 tech sell-off.
Check out the report from here: https://lnkd.in/gZDZYuUE
Thanks to the teams at Cut Through Venture and Folklore Ventures for making this report accessible to everyone in the industry.
Click here to view the original Linkedin post.
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