The Australian startup investment environment has remained robust during the Pandemic Year, where VCs have raised record levels of funding from private and institutional sources. ( US$1.6 billion, up from US$1.48 billion in 2019 according to the latest KPMG Venture Pulse report.
Amanda Price - head of High Growth Ventures at KPMG notes that founders are entering 2021 with every opportunity to secure the funds they need to fuel their rapid growth - which is great for Job growth and the Australian Economy.
The quarterly research, which captures investment in startups across the world, reported 227 Australian VC investment deals over 2020, down from a record 285 in 2019
The larger investments included
- Site minder $70m
- Brighte 83.5m
- Canva 60m
- GO1 40m
- Safety Culture $70m
- Future space 40m
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