It’s been a huge year for capital raising in Australia, with record-breaking raises galore and the creation of a new Aussie unicorn.
The past 12 months has seen three startups raise more than $100 million, and an additional five that have raised more than $50 million.
By comparison, the biggest capital raise on our list in 2017 was $64.7 million, going to online conveyancing company PEXA. That’s a decent amount of money, sure. But had that raise been closed in 2018, it would only have made fourth place on the list.
Average investment size in Australia is increasing. KPMG Enterprise’s Venture Pulse Q3 2018 report revealed an increase in investment into Australian startups, while the number of deals completed remained the same.
At the time, Benjamin Chong, partner at Right Click Capital, told StartupSmart while the increase in funding reflects a maturing of the market, “we’ve got to make sure we continue to look after the very early stage”.
These are the biggest capital raises of 2018. Read more
Stephanie Palmer-Derrien – Startup Smart – 17 Dec 2018