With a technologically advanced economy and a unique position in Asia-Pacific, Australia is the birthplace of many startups and tech companies. Thanks to a well-connected startup ecosystem, Australia has fostered the development of a number of local startups nationally and helped their international launch.
The startups listed hereafter are involved in a number of industries and businesses, but with a large number of companies operating through software or cloud-based platform, the importance of tech startups is clear. From professional platforms to FinTech, from artificial intelligence to e-commerce, Australian startups are engaged in the application of technology to new verticals, and the disruption of a broad range of industries.
Some of these companies are already famous in Australia, reaching a large share of the population with their products and services. Many startups are less famous, as they focus on small business niches and take charge of problems faced by specific professions, but some of them still have managed to become national leaders in their field or even players in the international business arena.
List of the 30 top funded startups from Australia
Here is the list of the top 30 best-funded Australian startups with details about each company, total amount of funds received by the company in US $ or A $, according to Crunchbase, as of May 30, 2019 (with A $ converted to US $ with the rate of 0.691 US$/A$), together with a direct link to the company’s website.
Quick links to the 30 best-funded startups of Australia
To facilitate your browsing in this long list, here are quick links to go directly to the details of any of the top 30 Australian startups.
Industry: Audio, Video – Total funding: $ 7.7 Million
Audinate provides professional digital audio networking technologies. Audinate’s platform, “Dante”, allow the transport of digital audio and video over standard data networking protocols. It ensures quality and interoperability between audio devices while reducing total costs of ownership.
Industry: Education, E-Commerce – Total funding: $ 7.7 Million
Zookal is a textbook rental and e-commerce platform. It provides an easier and cheaper alternative, allowing Australian price-conscious students to save up to 70% off on their required course materials. Through its online platform, Zookal also proposes a range of stationery products.
Industry: Marketing, Real Estate – Total funding: A$ 12.4 Million
ActivePipe is a marketing automation company specialized for the real estate industry. Through a range of digital products, ActivePipe helps real estate agencies and companies leverage their property databases and customers to automate property exposure, emailing and obtain insightful analytics.
Industry: Retail, E-Commerce – Total funding: $ 10 Million
Koala Mattress is an e-commerce company specialized in mattress, bed and home furniture. It provides a range of products designed and produced in Australia to be bought and delivered via e-commerce. Besides it also partners with the WWF to help preserve the Australian fauna and its habitat.
Industry: Financial Services, FinTech – Total funding: $ 10 Million
Timelio helps businesses access to funding and alternative investments. It provides solutions for invoice, trade and supply chain finance, and allows investors to lend capital to businesses and access a new method of alternative investment to fund businesses and professionals.
Industry: E-Learning, EdTech – Total funding: $ 10.2 Million
OpenLearning is an e-learning platform. Focusing on community, connectedness and student engagement, OpenLearning relies on social media to foster the collaboration of learners and peer feedback, while maintaining room for individuality. It also helps its educators to help deliver the best experiences to students.
Industry: Marketplace, Professional Services – Total funding: A$ 16.6 Million
Expert360 is a platform providing businesses on-demand access to experienced professionals in strategy, finance, marketing, operations and digital. It helps companies manage one-off or at scale project work be ensuring their needs are fitted with the right professionals in under 48h.
Industry: Analytics, Artificial Intelligence – Total funding: A$ 17.3 Million
Hyper Anna is a data analysis platform operating through artificial intelligence. It helps companies in the financial services, retail, FMCG, utilities, transportation, and government sectors use their data with a virtual assistant that writes code, analyzes data, produces charts and insights to increase sales, reduce expenses, forecast revenues, manage supply chains.
Industry: Brand Marketing, Online Platform – Total funding: $ 12.3 Million
Tribe is an influencer marketing marketplace connecting brands with influencers. Through its digital platform, Tribe allows brands to engage into two types of marketing campaigns: influencer marketing campaigns, letting influencers promote their products, and content campaigns, where Tribe creators provide content for brands to use in their own advertising channels.
Industry: Human Resources, Employee Benefits – Total funding: $ 12.7 Million
Employment Hero is a digital platform that allows managing human resources, payroll and employee benefits. It provides a range of products and services to Australian SMEs to reduce paperwork and compliance hassles, manage payments, communicate to staff and deliver employee benefits.
Industry: Real Estate, Online Platform – Total funding: $ 16.2 Million
OpenAgent is an online platform to find and compare real estate agents. It compares more than 30,000 real estate agents throughout Australia according to customer reviews and in-depth sales analysis in order to find the most suitable for home sellers according to their property and location.
Industry: Mobile Payments, Restaurants, Virtual Currency – Total funding: $ 18.8 Million
Liven is a mobile payment application specialized in cafés, restaurants, and bars and distributing rewards to its users. It allows businesses of the hospitality industry in Australia to incentivize customers to come and try their offer while distributing its own digital currency through rewards to customers who can then use it with Liven’s network of partners.
Industry: Marketplace, Professional Services – Total funding: $ 19.4 Million
Oneflare provides a marketplace to connect with home services providers. It allows users to complete a form with the details of a job while Oneflare matches the requests with suitable professionals. These professionals can then submit their price quotes for the job, which are then filtered by Oneflare and submitted to the users who can choose their best match.
Industry: Semiconductor, Internet of Things, Wireless – Total funding: A$ 29.2 Million
Morse Micro is a startup designing Wi-Fi chips for Internet of Things. With a team of expert engineers, Morse Micro designs smaller and cheaper silicon chips, with longer range and lower power consumption. They also propose chips that enable faster implementation on devices and better security.
Industry: Human Resources, Software – Total funding: $ 22.4 Million
Flare provides software to automate the hiring process of new employees, manage payroll, and other human resources function. It helps businesses of all sizes build their HR, payroll, perks and financial wellness platforms so that they can better engage their employees and increase their financial security.
Industry: Cloud Infrastructure, Cloud Data Services – Total funding: $ 25.9 Million
Megaport provides cloud products and services to support network connectivity. It offers a range of ports, virtual connections, virtual routing services, and global traffic sharing and sourcing platforms to connect digital services and data centers to the internet across the world.
Industry: Marketplace, Professional Services – Total funding: A$ 37.5 Million
Freelancer is a marketplace to hire freelancers and find freelance jobs. It allows employers to post their projects and quickly receive competitive bids from freelancers. Freelancer enables employers to find suitable candidates for web design, mobile app development, virtual assistants, product manufacturing, and graphic design among many others.
Industry: Health Care, Scheduling – Total funding: A$ 37.8 Million
HealthEngine is a digital platform allowing patients to easily find doctors, dentists and other medical specialists in Australia. Operating through a website and mobile app, HealthEngine also provides medical practitioners with technology to connect with patients and improve their experience.
Industry: Marketplace, Professional Services – Total funding: $ 26.5 Million
Airtasker is a marketplace allowing people and businesses to outsource tasks, find local services or hire flexible staff in minutes. It notably provides solutions to hire rated, verified, and reviewed professionals for business and administration, cleaning, delivery and removals, furniture assembly, marketing and design, home care and gardening.
Industry: Big Data, Cloud Data Services – Total funding: A$ 46.5 Million
Data Republic delivers a technology suite for data sharing that ensures security and privacy. It provides businesses with a comprehensive legal, governance and licensing workflow for data sharing, allowing data owners to benefit from sharing their data in a secure and private environment.
Industry: FinTech, Payments – Total funding: $ 32.3 Million
Assembly Payments is a payment platform enabling companies to accept, manage and disburse payments. It provides payments solutions for specific business lines, including marketplaces, platforms, and in-store cashiers. Making sure to remain at the top of its expertise, Assembly ensures to deliver a secure system that complies with regulatory standards.
Industry: Energy, Software – Total funding: $ 35 Million
Power Ledger is a technology company powering marketplaces to support renewable energy and carbon credits transactions. Relying upon the Blockchain technology, Power Ledger helps renewable energy asset owners connect to existing electricity distribution networks or micro-grids, and choose prices for their surplus energy.
Industry: Financial Services, Lending – Total funding: $ 40 Million
Lendi is an online platform to help Australians get home loans. It allows users to compare, choose and get approved for home loans online from more than 30 major lenders. Facilitating the acquisition of houses and to refinance loans, Lendi negotiates better loans for its users and also empowers them through its online tools and team of experts.
Industry: E-Learning, Corporate Training – Total funding: $ 43.7 Million
Go1 is a platform dedicated to help companies find, book and deliver their corporate training. Focusing on professional learning, Go1 has become a leader in online learning and education, and it has expanded beyond Australia to the United States, South Africa, Vietnam, the United Kingdom, and Malaysia.
Industry: E-Commerce, Fashion – Total funding: $ 44 Million
The Iconic is an e-commerce platform dedicated to fashion, sports and footwear in Australia and New Zealand. With men and women fashion from more than 1,000 brands, The Iconic aims at providing a premium online shopping experience with free shipping, fast delivery, and free returns.
Industry: Graphic Design, Professional Services – Total funding: $ 45 Million
99designs is an online platform letting anyone find designers for their logo and brand identity, video and animation, web and app design, advertising, clothing and merchandising. Collecting briefs from customers online, 99designs offers the services of its community of professional designers to deliver the clients’ requirements.
Industry: Financial Services, FinTech – Total funding: $ 46.1 Million
Uno is an online platform that allows users to search, compare, and settle home loans. Helping people make better financial decisions, Uno provides a set of tools and calculators to compare loans to acquire real estate property, evaluate refinancing opportunities, as well as a team of experts to provide advice, support, and guidance.
Industry: Financial Services, FinTech – Total funding: $ 71.1 Million
Spaceship is an investment platform dedicated to helping the younger generations invest and build wealth. Thanks to its financial portfolios, a diversified technology growth portfolio, and globally diversified portfolio, Spaceship provides investment opportunities directly through its online app.
Industry: Financial Services, Lending – Total funding: $ 96.7 Million
Prospa provides business loans to Australian SMEs. It grants small businesses access to finance through a simple, online application process. Be it for short term treasury or long term investments, Prospa delivers a range of innovative lending solutions to empower SMEs with one digital platform.
Industry: Graphic Design, Photo Editing – Total funding: $ 156.6 Million
Canva is a digital platform dedicated to graphic design, it helps users design logos, presentations, social media graphics, business cards and more. Thanks to a drag-and-drop design tool, pre-designed templates and a stock library of images, Canva enables its users to create professional graphic designs with a simple and easy online process.
Here are the top 30 best-funded startups from Australia. Did we forget any? Did you buy any product or service from them? Which one do you think provides the most useful product? Let us know in the comments below!