State of the Australian startup ecosystem in 2015
This post originally appeared on blog.up.co
Some of the key developments in the Australian startup landscape over the last year -
- Wotif (ASX-listed travel booking) was acquired by US-based Expedia for A$703 million
- Ezidebit (payments software) was acquired by US-based Global Payments for A$305 million
- Campaign Monitor (email marketing software) raised the largest single funding round by an Australian tech company (A$320 million from US VC funds led by Insight Venture Partners)
- Atlassian (collaboration tools for software developers) raised A$192 million from several US funds in preparation for an anticipated US public listing, valuing the company at A$4.2 billion. Atlassian also announced in Jan 2014 that it would domicile in the United Kingdom due to a combination of more favourable regulatory structures and greater access to investment.
- Aconex (construction software) listed on the ASX, raising A$140 million and valuing the company at A$312 million
- BigCommerce (e-commerce storefront software) raised a A$65 million funding round from US investors including SoftBank Capital and also Telstra Ventures, bringing the company’s total VC funding to A$162 million. BigCommerce is now headquartered in Austin, Texas.
- Temando (e-commerce fulfilment software) received a A$50 million strategic investment from European mail and shipping solutions company Neopost, giving Neopost a majority stake in the company
- Invoice2Go (mobile invoicing software) raised A$45m from US VC funds led by Accel Partners and Ribbit Capital
- DesignCrowd (design crowdsourcing) raised a A$6 million funding round led by Australian VC fund AirTree Ventures
- Nitro (cloud-based document editing) raised A$19 million from US VC fund Battery Ventures. Nitro moved from Melbourne to San Francisco in 2008 where it now employs 150 people.
- LIFX (WiFi-connected LED light bulbs) raised A$15.6 million from US VC funds led by Sequoia Capital following a successful Kickstarter crowdfunding campaign in which it raised A$1.7 million in six days
- Canva (design software) recruited Guy Kawasaki (chief evangelist and investor at Apple during late nineties)
- SafetyCulture (workplace safety software) raised A$2.1 million in a round led by Atlassian cofounder Scott Farquhar and Blackbird Ventures
- ingogo (taxi and mobile payments app) raised a A$9.1 million funding round, including $1.2 million from sophisticated investors through crowd equity platform VentureCrowd
- Culture Amp (employee analytics) raised A$8 million from two US VC funds (Felicis Ventures and Index Ventures) and one Australian fund (Blackbird Ventures)