Australian VC transactions surpass $ 1.4 billion in November
The Andrews also had a good crack, bringing in nearly $ 450 million in 23 trades.
To put that into perspective, in January 2018, we revealed that venture capital transactions had grown from $ 465 million in total value in 2016 to $ 860 million in 2017, based on Right Click’s Internet DealBook figures. Capital.
Yes, you read that right – Australian founders called Chris made more money in 2021 than the entire local ecosystem just four years ago.
November’s numbers were no doubt bolstered by the $ 350 million capital raise of Queensland software company simPRO to K1 and Level Equity – a record for Aussie VC.
A cloud-based operations management system for industries with field workers like electrical, plumbing and security, simPRO’s increase was heralded with little fanfare, though all fingers are pointing to the company being the last to join the unicorn club.
Other big rounds include Airwallex’s $ 137 million raise and Mr. Yum’s $ 89 million Series A, led by US investor Tiger Global.
Just weeks into 2021, statistics from Cut Through Venture revealed that Australian start-ups and their Kiwi cousins had already raised $ 8.2 billion in the first 11 months.
VC sources suggest that there is still a lot of activity on the local scene, so the values of the December deals should look healthy.
As foreign funds like Tiger, Insight Partners, Felicis Ventures, General Catalyst, Sequoia Capital and Index Ventures have increasingly turned their attention to Australia, these values and transaction volumes put into perspective why Blackbird Ventures is raising a fund. over $ 1 billion in 2022, and Square Peg and AirTree are also attracting investors.