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2021 was a great year for startup investments in Australia & New Zealand

News • 27th Jan 2022 • 1 Min Read

2021 was a great year for startup investments in Australia & New Zealand

TechnologyHR TechnologyFunding & Investment

Author: Drishti Pant Drishti Pant
1.1K Reads
In 2021, investment rounds in Australia and New Zealand topped $9.6 billion, according to preliminary data from Cut Through Venture, a newsletter tracking startup ecosystem funding data in the ANZ region.

The startup ecosystem in Australia and New Zealand (ANZ) has been rapidly evolving. In December, the funding and investment deals hit $1.3 billion, marking December as the fourth ‘unicorn month’ of 2021. With deals in Q4 edged above $3.3 billion, ANZ had the second-biggest quarter of startup funding. 

The majority of the local funding came in the last months of the year. In the first quarter, 2021 saw $1.5 billion invested and in the second quarter that increased to $1.8 billion.

In the next quarter, it further doubled, with $3.6 billion invested. In September, more than $1 billion was announced in Aussie startups in one eight-day period alone. Despite the pandemic and harsh lockdowns, venture and early-stage investment in ANZ could be seen reaching record highs.

Some of the large deals in the last months of the year include SimPRO’s $487 million raise and Rokt’s $458 million Series E. Canva’s $273 million raise, Go1’s unicorn-making $272 million Series D, and Octopus Deploy’s $223 million round, were some of the other notable fundings from 2021. 

The year was also good for the HR and work tech startups. Employment Hero secured $140 million AUD (about $103 million USD) in funding. Culture Amp, an Australia-based employee analytics platform, raised $100 million. 

As more and more organisations adopt digital ways of working and doing business, the startup ecosystem in the two countries is poised for more growth. 

Read More

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