Top Tech Startups In Australia 2020

Source:

https://tracxn.com/d/soonicorn-awards/top-startups-in-australia-tech-2020#SpeeDx


Australia is the 14th largest economy, with a nominal GDP of USD 1.37 trillion. Australian economy is dominated by its service sector, comprising 62.7% of the GDP and employing 78.8% of the labour force. Australia has the eighth-highest total estimated value of natural resources, valued at USD 19.9 trillion.

Australia has a thriving startup ecosystem supported by key factors like its location, rich natural resource reserves, access to sea routes with modernised ports and government regulations. Majority of Australian startups are located in Sydney, Melbourne and Brisbane.

Australia has over 12.7K+ Tech startups, including 260+ public ones, with Damstra Technology, Prospa, Tyro & Whispir going public in the recent past .

We, at Tracxn, keep a track of the latest happenings in the world of startups and their associated ecosystems – including venture capital funds, private equity funds and investment banks amongst others.

In this edition, we have the ‘Soonicorn Club of Australia 2020’– an exclusive list of the most promising Australia Tech startups that have also reached significant valuation milestones over the previous few years.

 

Unicorns

Unicorns, with their valuations exceeding the billion dollar mark, and even multi-billion mark in a few cases, represent the elite of the Vietnam tech startup sector.

Snowflake

Canva

Campaign Monitor

Airwallex

 

Soonicorns

The Soonicorns – soon to be Unicorns – are the handful of highly valued startups which have successfully grown out of their nascency to attract valuations of over a few hundred millions. Watch out for these companies in the coming years as they take on the journey to becoming the elite Unicorns.

Culture Amp

Saluda Medical

Deputy

BizCover

Airtasker

Rokt

Volt Bank

Athena

SafetyCulture

SocietyOne

Secure Code Warrior

Compass

A Cloud Guru

Moula

SiteMinder

Sendle

Cyara

Smart Sparrow

Tritium

 

Minicorns

The Minicorns – are the high growth early stage ventures (Series A+). Watch out for these companies as they take the business to the next level, by scaling up for the accelerated growth.

SpeeDx

Lendi

Go1

Baraja

simPRO

Employment Hero

MoneyMe

Harrison

Nura Headphones

Data Republic

Practice Ignition

RateSetter Australia

Huddle Insurance

EnGeneIC

Plexus Legal

Propeller Aerobotics

Fluent Commerce

Cluey

Outfit

Spaceship

Symple

Morse Micro

PractiFI

Brighte

Gilmour Space Technologies

Oneflare

Nimble

Bionic Vision Technologies

Ansarada

Myriota

Thinxtra

DGraph

Valiant

AgriWebb

Humanforce

Tic:Toc

Redback Technologies

Marketplacer

Car Next Door

Tribe

Local Measure

Q-Ctrl

Immutable

AquaSpy

Lumi

RedEye Apps

Xinja

Verrency

Medical Ethics

Kira Biotech

Hyper Anna

Booktopia

Enboarder

ActivePipe

Assembly

PayRight

Critical Links

Kasada

ORIGO Education

Agworld

Fleet space

Elenium

Clipchamp


Detailed List


Snowflake

Data warehouse for cloud and analytics

Disclosed Funding

USD 1.41B

Snowflake offers data warehouse for cloud and analytics. The company offers a relational ANSI SQL data warehouse which allows users to update, delete, run analytical functions, transactions, and complex joins. Its product processes queries at a faster rate using columnar database engine based on advanced optimization. It is used for accelerating analytics, modern data sharing, security, compliance, and anti-fraud solutions. Offers a fully-managed service with a pay-as-you-go model. The company serves the finance, healthcare, media & entertainment, retail, gaming, and education industries. Clientele includes Adobe, Akamai, EA, Logitech, OverStock and Sony Pictures. Partners include Tableau, Microsoft, Databricks, Informatica, and AWS.

Company Overview

Founded 2012
Location San Mateo (United States), Sydney (Australia)
Investors Dragoneer Investment Group, Salesforce, Altimeter Capital and 9 Other Investors
Founders
  • Thierry Cruanes
  • Marcin Zukowski
  • Benoit Dageville

Canva

Online photo editing and graphics creation tool for professionals

Disclosed Funding

USD 264M

Canva is an online photo editing and graphics creation tool that allows professionals to create graphics for presentations, invitations, posters, flyers, and business cards among others. Features include pre-designed templates and graphics, a stock library of photographs, illustrations, and imagery, text addition, photo enhancer, blur, vignette, grids, icon, frames, stickers, badges, texture, and others.

Company Overview

Founded 2012
Location Sydney (Australia)
Investors Blackbird Ventures, Bessemer Venture Partners, Sequoia Capital and 24 Other Investors
Founders
  • Melanie Perkins
  • Cameron Adams

Campaign Monitor

Email marketing platform provider

Disclosed Funding

USD 251M

Campaign Monitor provides an email marketing platform with customizable templates, A/B testing, dynamic content, social sharing, and mobile-ready capabilities. It can be integrated with Shopify, Salesforce, Facebook, Magento, Woo Commerce, and others. The platform is available on a subscription-based pricing model. Customers include Flight Centre, The Drake Hotel, Morning Brew, Rip Curl, Glam Corner, and others.

Company Overview

Founded 2004
Location San Francisco (United States), Nashville (United States), Sydney (Australia)
Investors Insight Venture Partners, Accel
Founders
  • Dave Greiner
  • Ben Richardson

Airwallex

Cross-border payment platform for businesses

Disclosed Funding

USD 202M

Airwallex offers a cross-border payment platform for sellers to collect international payments from their customers in the latter’s local currency. The amount is deposited into the merchant’s account in his/her own currency after the exchange at the mid-market rate. Provides live FX rates and a single platform for currency exchange and payout. Offers API that can be integrated into the existing infrastructure to power foreign exchange, payments, and collection.

Company Overview

Founded 2015
Location Hong Kong (China), Melbourne (Australia)
Investors DST Global Solutions, Sequoia Capital, Tencent and 10 Other Investors
Founders
  • Lucy Yueting Liu
  • Jack Zhang

Culture Amp

SaaS-based employee surveying platform

Disclosed Funding

USD 158M

Culture Amp is the developer of a SaaS application of employee surveys, including engagement, recruitment and onboarding surveys. Users can create 180-degree and 360-degree surveys to capture employees feedback. Once a survey is prepared, employees are sent a link and asked to answer approximately 40 or 50 questions. Survey questions typically take the form of a five-point agreement scale, of which employees are asked to determine how strongly they agree with a statement about their current employer or workplace conditions. Offers subscription-based pricing model based on the number of users. Its customers include Airbnb, Pandora, Adobe, Pinterest, and Warby Parker, among others.

Company Overview

Founded 2010
Location Melbourne (Australia)
Investors Sequoia Capital, TDM Growth Partners, Global Founders Capital and 7 Other Investors
Founders
  • Jon Williams
  • Didier Elzinga
  • Douglas English
  • Rod Hamilton

Saluda Medical

Neuromodulation device for chronic pain management

Disclosed Funding

USD 125M

Saluda Medical is a medical devices company focused on developing treatments for chronic pain management. Its device, Evoke, is a closed-loop neuromodulation device that stimulates the spinal cord for pain relief. The technology features a bio-amplifier design that records the response of neurons to stimulation (called electrically evoked compound action potentials or ECAPS) and adjusts itself to respond in an appropriate way. Compared to traditional spinal stimulation devices, which require manual adjustment and unpleasant experiences while coughing or moving the head, Evoke’s auto-adjusting system provides better pain relief.

Company Overview

Founded 2010
Location Artarmon (Australia)
Investors Boston Scientific, Redmile Group, Medtronic and 4 Other Investors
Founders
  • John Parker

Deputy

Contingent workforce management solution

Disclosed Funding

USD 106M

Deputy is a contingent workforce management solution. The product modules include Scheduling Software and Time Tracking Software. The features of the product are creating and scheduling workforce, recording and tracking employee time, employee communication, leave management, etc. The product is offered for industries such as retail, logistics, customer services, hotel & resorts, hospitality, healthcare, etc. The clientele includes Amazon, Uber, Nike, NASA, Rapha, etc. The product is available in the Google Play Store and the Apple App Store.

Company Overview

Founded 2008
Location Sydney (Australia)
Investors OpenView, IVP, Square Peg Capital and 1 Other Investors
Founders
  • Ashik Ahmed

BizCover

Quote comparison platform for business insurance

Disclosed Funding

USD 89M

BizCover is an online quote comparison platform for small business. It offers insurance quotes for Professional Indemnity, Public Liability, Management Liability, Cyber Liability from over 9 insurance carriers.

Company Overview

Founded 2008
Location Surry Hills (Australia)
Investors AUB Group
Founders
  • Michael Gottlieb

Airtasker

Online platform to hire local service professionals

Disclosed Funding

USD 56M

Airtasker is an online lead generation marketplace that connects people with local services professionals. Users need to post requests that include the type of service, requirements and expected budget over the platform. Service providers send quotes from which customers can choose to award the task based on the applicant’s profile, task history, and ratings. Services mentioned over the platforms include home repair, cleaning, home improvements, tutoring, courier delivery, handyman among others. The mobile app is available for download from the Play Store and App Store.

Company Overview

Founded 2012
Location Sydney (Australia)
Investors Firemark, Seven West Media, Exto Partners and 10 Other Investors
Founders
  • Tim Fung
  • Jonathan Lui

Rokt

E-commerce Marketing Technology

Disclosed Funding

USD 83M

Rokt makes e-commerce smarter, faster and better. When customers are buying online, they increasingly expect more personalized and relevant experiences. Rokt uses real time data and decisioning to deliver the next best action for each person in each Transaction Moment™. Founded in Sydney, Rokt now operates in the US, Canada, UK, France, Germany, Australia, New Zealand, Singapore, The Netherlands, Spain and Japan. Our clients include Live Nation, Staples, Groupon, GoDaddy, Expedia, Wells Fargo, Vistaprint and HelloFresh. Rokt unlocks the hidden potential in every single Transaction Moment™.

Company Overview

Founded 2012
Location Sydney (Australia), New York City (United States)
Investors TDM Growth Partners, Square Peg Capital, John Ho and 5 Other Investors
Founders
  • Bruce Buchanan
  • Justin Viles

Volt Bank

Digital-only bank

Disclosed Funding

USD 82M

Volt Bank is a digital-only bank. The bank suggests ways to save money and supports customers on their financial journeys. As of Apr 2019, the platform is in stealth mode.

Company Overview

Founded 2018
Location Sydney (Australia)
Investors KPMG, Collection House, Rajah Blue Holdings
Founders
  • Luke Bunbury
  • Steve Weston

Athena

Home loan provider

Disclosed Funding

USD 80M

Athena is a direct lender of home loans. The company works by partnering with super funds to fund residential home loans at a lower spread than banks. As of May 2018, the platform is in stealth mode.

Company Overview

Founded 2017
Location Sydney (Australia)
Investors Square Peg Capital, AirTree Ventures, Hostplus and 7 Other Investors
Founders
  • Michael Starkey
  • Nathan Walsh

SafetyCulture

Mobile audit solution for workplace safety management

Disclosed Funding

USD 77M

SafetyCulture provides mobile-first audit solution for enterprises to manage workplace safety and maintain compliance requirements. The product iAuditor offers customizable inspection checklists, reporting, and insights and automate workflows for better team collaboration. It caters to multiple industries including construction, retail, hospitality, leisure, aviation, manufacturing, F&B, transport & logistics, and mining industries. The pricing is based on a subscription model. Winner for best Data Access and Collection and best IT or Business Tool at the Tabby Awards 2014. Clientele includes Shell, Marriott, British Airways, London City Airport, Accor Hotels, BHP Billiton and others.

Company Overview

Founded 2004
Location Sydney (Australia)
Investors Blackbird Ventures, Index Ventures, Morpheus Ventures and 3 Other Investors
Founders
  • Luke Anear

SocietyOne

Online personal P2P unsecured loans

Disclosed Funding

USD 55M

SocietyOne is an Australian P2P lending platform. It enables individuals to borrow money from individual investors without the intermediation of a bank or financial institution. Qualified borrowers can request up to $35,000 in unsecured personal loans at rates determined by their credit history. Approved applications are listed on the platform for verified investors to assess and bid on. Once terms are agreed and accepted by the parties, SocietyOne handles the funds management and servicing of every loan on behalf of the matched borrowers and investors.

Company Overview

Founded 2011
Location Sydney (Australia)
Investors News Corp Australia, Reinventure Group, Global Founders Capital and 6 Other Investors
Founders
  • Greg Symons
  • Matt Symons

Secure Code Warrior

Online gamified training platform for secure coding

Disclosed Funding

USD 51M

Secure Code Warrior provides an online gamified training platform for secure coding. Caters to financial institutions, telecommunications providers and global technology companies. Offers self-paced training and allows the learners to monitor their progress and gain real-time advice. The training includes real-life customizable online assessments. Also offers hints and allows developers to earn points and collect badges, with anonymized leaderboards for teams. Provides interactive scenarios focussed on security weaknesses across C#, Java, Ruby, Android & iOS. Offered on a monthly subscription model based on the number of users.

Company Overview

Founded 2015
Location Sydney (Australia)
Investors Goldman Sachs, AirTree Ventures, Paladin Capital and 4 Other Investors
Founders
  • Matias Madou
  • Pieter Danhieux
  • John Fitzgerald

Compass

Web-based school management platform

Disclosed Funding

USD 41M

Compass Education (trade name of JDLF International) offers web-based school management platform. Features include attendance and roll marking, semester and progress reporting, news feed, calendaring, staff, student and parent portal, online payments, curriculum builder, parent-teacher interviews, behavior management, budgeting and purchase orders. Accessible on PC, tablet, and mobile. Apps are available for iOS platform.

Company Overview

Founded 2009
Location Melbourne (Australia)
Investors Advent Partners
Founders
  • Lucas Filer
  • John de la Motte

A Cloud Guru

AWS certification courses and training provider

Disclosed Funding

USD 40M

A cloud Guru is an online training provider for AWS certification programs. Course offering includes AWS Clout Training, AWS Associate Certification, AWS Certified Solutions Architect Professional, and others. Courses are made up of 5-20 minute bite-sized video and timed practice exams to simulate exam conditions. The platform also has a forum for AWS discussions with peers. Claims that 500K+ users have taken the courses. Also, offers training for enterprise teams on a subscription-basis charging $495 per user per year.

Company Overview

Founded 2015
Location Twickenham (United Kingdom)
Investors Bain Capital, AirTree Ventures, Elephant Venture Capital and 3 Other Investors
Founders
  • Sam Kroonenburg
  • Ryan Kroonenburg
  • Anthony Stanley

Moula

Online lending platform for unsecured business loans to SMBs

Disclosed Funding

USD 39M

Moula is an Australia-based online lending platform for working capital loans of up to $100,000 to SMBs. The usual tenor for loans is 6 months, however it can be further extended on a case-to-case basis.

Company Overview

Founded 2013
Location Melbourne (Australia)
Investors Liberty, Escala Partners, Acorn Capital and 2 Other Investors
Founders
  • Aris Allegos
  • Andrew Watt
  • Piers Moller

SiteMinder

Cloud-based software suite for hotels

Disclosed Funding

USD 35M

SiteMinder provides a suite of cloud-based software solutions to independent hotels and hotel chains. Product offerings include a channel manager (helps users manage their inventory/monitor rates across various distribution channels), a booking engine (enables hoteliers to take bookings directly on their website), a hotel website builder, a BI & analytics solution, and a Global Distribution System (GDS enables transactions between hotel & OTAs). The solutions can be integrated with PMS and other third-party systems via APIs. Clients include Choice Hotels, Best Western, Hyatt, Minor Hotels, and Sercotel Hotels among others.

Company Overview

Founded 2006
Location Sydney (Australia)
Investors BlackRock, AustralianSuper, Ellerston Capital and 7 Other Investors
Founders
  • Mike Ford
  • Mike Rogers

Sendle

Courier aggregator providing door to door delivery service

Disclosed Funding

USD 32M

Sendle is an offset delivery service provider, offering door-to-door parcel pickup and delivery services to cities in Australia. It has a flat rate pricing plan. Services can be booked and tracked online. Payment for the services can be made by the sender or the receiver. It provides a timeframe for delivery and also allows users to ship items to a email address and confirm location later. Sendle uses a network of delivery providers based around Australia to pick up and deliver packages, utilising courier services and making use of idle resources.

Company Overview

Founded 2014
Location Sydney (Australia)
Investors Federation Capital, Giant Leap Fund, Rampersand and 4 Other Investors
Founders
  • Sean Geoghegan
  • James Chin Moody
  • Craig Davis

Cyara

Omnichannel customer experience testing platform

Disclosed Funding

USD 25M

Cyara provides omnichannel customer experience testing and monitoring platform. Provides a platform which allows users to design and test the customer experience across multiple customer interaction media channels, and across the entire technical architecture. Solutions include IVR and speech performance, contact center, voice biometrics, web interactions testing, and monitoring. It also provides active monitoring of the customer’s environment from self-service applications to the agent desktop. Clients include Google, AT&T, Vodafone, Godaddy, and American Express.

Company Overview

Founded 2006
Location Redwood City (United States), Melbourne (Australia)
Investors PeakSpan Capital, Greenspring Associates, Cordish Dixon Private Equity Partners
Founders
  • Luan Tran
  • Alok Kulkarni
  • Bonny Malik

Smart Sparrow

Online learning management system for universities

Disclosed Funding

USD 24M

Smart Sparrow is an online adaptive learning management platform which allows teachers and developers to create, manage and analyze content. Provides pathways for students to direct them towards materials so that they can have a clear understanding. Offers feedback to clear misconception. Can be integrated with any modern LMS. Performs analytics to provide real-time analysis on student data. Teachers can share content with colleagues worldwide to enhance collaboration on learning methods. Works on a premium model which can be purchased by an institution or a single teacher. It has a partnership with OpenLearning.

Company Overview

Founded 2011
Location San Francisco (United States), Sydney (Australia)
Investors ACT, Moelis & Company, One Ventures and 4 Other Investors
Founders
  • Dror Ben-Naim

Tritium

Electric vehicle charging solutions

Disclosed Funding

USD 14M

Tritium is an Australia based company focused on developing charging solutions and components for electric vehicles. The company develops Veefil range of electric vehicle fast-charging stations. These stand-up stations are compatible with both CHAdeMO and SAE type of connectors. The company also develops battery management systems and control equipment for electric vehicles.

Company Overview

Founded 2001
Location Brisbane (Australia)
Investors Gilbarco, Brian Flannery, St Baker Energy Innovation Fund and 2 Other Investors
Founders
  • Paul Sernia
  • David Finn

SpeeDx

Provider of qPCR-based molecular diagnostics platform

Disclosed Funding

USD 52M

SpeeDx is a molecular diagnostics company developing a novel, highly sensitive qPCR-based assay platform for sensitive and robust detection and quantification of pathogen nucleic acids. The company’s products are all based on its proprietary PlexZyme technology where primers amplify target nucleic acid sequences and produce amplicons which serve as a template for PlexZyme formation. PlexZyme enzymes are catalytic DNA complexes which assemble in the presence of target and cleave universal probes. Once PlexZyme enzymes are formed, universal probes bind and enzymatic cleavage of the probes between the fluorophore and quencher dye pairs generates fluorescence which is exploited for the detection and/or quantification of the target nucleic acid in real time. The company currently has multiplexed assays for HSV-1 and -2, VZV and Syphilis, and detecting the presence of Mycoplasma genitalium as well as antibiotic resistance. Similar assays for detecting Gonorrhoea and respiratory viruses are in the development pipeline.

Company Overview

Founded 2009
Location Sydney (Australia)
Investors Northpond Ventures, NSW Health
Founders
  • Alison V Todd
  • Elisa Mokany

Lendi

Online home loans platform

Disclosed Funding

USD 38M

Lendi is an online platform for home loans. The platform allows customers to search, choose and settle their home loans online. Users can submit a home loan application, upload & verify documents, get approved and settle the loan via the platform. They can choose loans from over 30 lenders.

Company Overview

Founded 2013
Location Sydney (Australia)
Investors ANZ, Matthew Tripp, Bailador and 1 Other Investors
Founders
  • Mark Kalajzich
  • Sebastian Watkins
  • David Hyman
  • Martin Lam

Go1

Employee Training Software

Disclosed Funding

USD 33M

Go1 offers employee training software. Organizations using GO1 can customise their own white-labelled training portal by either adding courses from GO1’s marketplace or creating their own with company materials. Instead of a generic 50-slide PowerPoint presentation about why listening is important, a GO1 course might feature a TED Talk by an Army general followed by two multiple-choice questions about how his story applies to your job.Companies can upload any PowerPoint or web document to GO1, which automatically converts it into an HTML format that employees can download.

Company Overview

Founded 2015
Location Brisbane (Australia)
Investors M12, Larsen Ventures, SEEK and 15 Other Investors
Founders
  • Andrew Barnes

Baraja

LiDAR sensors for self-driving vehicles

Disclosed Funding

USD 32M

Baraja is focused on the research and development of LiDAR sensors for self-driving vehicles. It has developed a spectrum-scan LiDAR that can scan different angles instantaneously by varying the color or wavelength of the laser. The system consists of “Sensorheads” and a central processing box named as “LiDAR Engine”.

Company Overview

Founded 2015
Location Lindfield (Australia)
Investors Sequoia Capital, Blackbird Ventures, Main Sequence Ventures’ CSIRO Innovation Fund and 1 Other Investors
Founders
  • Cibby Pulikkaseril
  • Federico Collarte

simPRO

Cloud-based field service management software solution

Disclosed Funding

USD 31M

simPRO is a cloud-based field service management software solution. The solutions offered are field service management, operations management, employee management, etc. The features of the product are scheduling & dispatching, reporting, project management, asset management, fleet tracking, etc.

Company Overview

Founded 2002
Location Eight Mile Plains (Australia)
Investors Level Equity
Founders
  • Stephen Bradshaw

Employment Hero

Human resource management software suite provider

Disclosed Funding

USD 31M

Employment Hero offers a cloud-based human resource management software suite. It offers features for recruitment, onboarding, document management, reporting, time & attendance, performance review, employee self-service, payroll and more. It based in Australia and some of the customers include Finder.com.au, Intech Credit Union, Holiday Inn, and more.

Company Overview

Founded 2012
Location Sydney (Australia)
Investors One Ventures, SEEK, AirTree Ventures and 3 Other Investors
Founders
  • Dave Tong
  • Ben Thompson

MoneyMe

Lending Platform for Payday loans

Disclosed Funding

USD 30M

Moneyme offers short term loans from $200 up to $2000. Loan period will typically be 1 month for up to $1000 or 2 months for larger amounts or depending on your ability to repay. They utilize safe, fast Money Buddy technology, which securely obtains 90 days of bank statements online in seconds with read-only access. They will set up direct debits on user’s payday and send him a reminder that it’s coming. They cap all fees and costs at 50% of the loan amount. It doesn’t cost anything to reschedule payments within the loan term, users need to provide 24 hours notice.

Company Overview

Founded 2013
Location Sydney (Australia)
Investors Fortress Investment, Evans and Partners
Founders
  • Steve Bannigan

Harrison

Provider of artificial intelligence system for multiple diagnostic analysis

Disclosed Funding

USD 29M

Harrison.AI provides a system for multiple diagnostic analysis. The company offers a platform which is based on deep learning artificial intelligence. The platform helps with services like predictive pregnancy from time-lapse video and fundoscopic images, along with tuberculosis case analysis and canine parvovirus infection.

Company Overview

Founded 2017
Location Sydney (Australia)
Investors Blackbird Ventures, Horizons Ventures, Skip Capital and 2 Other Investors
Founders
  • Aengus Tran
  • Dimitry Tran

Nura Headphones

Headphones that automatically tune to user’s profile

Disclosed Funding

USD 27M

Nura has developed headphones by integrating a unique soundwave technology that automatically measures user’s hearing and then adapts music according to that in 60 secs. The device offers an Immersion mode that works by splitting melodic sounds to an in-ear speaker and the base sounds to an over-ear tactile driver which delivers sound through the skin. The mobile app creates a profile for each user and allows the user to change the device settings manually. The company has raised more than $1.8M on Kickstarter.

Company Overview

Founded 2015
Location Melbourne (Australia)
Investors Blackbird Ventures, AirTree Ventures, SOSV and 4 Other Investors
Founders
  • Kyle Slater

Data Republic

Secure data exchange platform

Disclosed Funding

USD 27M

Data Republic is a marketplace that connects data-rich organizations with insight-seeking analysts on a privacy compliant exchange platform. Only anonymous and de-identified data can be uploaded or exchanged on its platform. In addition to the data marketplace, the company offers Exchange as a Service-facilitation of a two-way exchange of data; and Data Analytics as a Service- a secure data analytics infrastructure for companies which can leverage leading technology and industry experts to solve business problems.

Company Overview

Founded 2015
Location Sydney (Australia)
Investors Singtel Innov8, Singapore Airlines, ANZ and 7 Other Investors
Founders
  • Paul McCarney
  • Danny Gilligan

Practice Ignition

Cloud software package for accountants

Disclosed Funding

USD 27M

Practice Ignition connects businesses with their accountants. It is a saas platform built for the accounting vertical – transforming into a CRM. Practice Ignition manages client creation, workflow deployment, invoicing and payments. Pricing depends on the number of clients and number of users. It ranges from $79/month (upto 100 active clients and upto 2 users) to $699/month (upto 2000 active clients and upto 20 users).

Company Overview

Founded 2011
Location Sydney (Australia)
Investors Tiger Global Management, Craig Winkler, Right Click Capital and 5 Other Investors
Founders
  • Dane Thomas
  • Guy Pearson

RateSetter Australia

Peer-to-peer lending site in Australia

Disclosed Funding

USD 26M

RateSetter is a peer-to-peer lender. It connects lenders who want a better return on their money with creditworthy borrowers who want a simple, competitive personal loan. In the United Kingdom the RateSetter platform claims to have facilitated over A$700 million in peer-to-peer loans.

Company Overview

Founded 2014
Location Sydney (Australia)
Investors Five V Capital, Clean Energy Finance
Founders
  • Ben Milsom
  • Glenn Riddell
  • Daniel Foggo

Huddle Insurance

Online distribution platform for car, travel and renters insurance with instant claims

Disclosed Funding

USD 25M

Huddle Insurance is a provider of car and travel insurance across Australia. Has developed an AI-based chatbot which is able to provide instant approval of insurance claims, with funding in an hour. Additionally, when the claims are low, surplus profit is used by Huddle to strengthen communities. The insurance is underwritten by Hollard. Plans to launch a renters insurance product, not yet launched as of Jan’18.

Company Overview

Founded 2016
Location Sydney (Australia)
Investors AirTree Ventures, Alium Capital Management, Seven West Media and 1 Other Investors
Founders
  • Jason Wilby
  • Jonathan Buck

EnGeneIC

Specialty company that develops and commercializes concepts in the targeted delivery of chemotherapeutics for cancer drugs

Disclosed Funding

USD 25M

EnGeneIC develops and commercializes novel concepts in the targeted delivery of chemotherapeutics for cancer drugs in-vivo. The company’s drug/siRNA delivery vehicles offer a range of choices for optimizing the delivery of clinically meaningful drug and siRNA doses to target cancer cells in-vivo. Its lead technology platform, EDV utilizes antibody-targeted, bacterially derived, non-living “nano cells” to release high concentrations of chemotherapeutic agents, molecularly targeted drugs, and RNA-interference molecules directly into targeted tumor cells. In doing so, EDV nanocells enable current cancer treatments to be more potent and far less toxic, while also offering a potential new means for treating drug-resistant cancers. Their pipeline includes six products in phase1 and one in pre-clinical stage

Company Overview

Founded 2000
Location Lane Cove (Australia)
Investors GRT Capital Partners, Foley Ventures, Foley & Lardner and 3 Other Investors
Founders
  • Jennifer MacDiarmid
  • Himanshu Brahmbhatt

Propeller Aerobotics

Develops a cloud-based platform for management of drone-gathered data

Disclosed Funding

USD 24M

Propeller Aerobotics provides a cloud platform for post-flight data management for drone-collected data. The Propeller Aero cloud platform enables post-processing of data, as well as sharing it. It also provides various collaboration features. The target market for Propeller Aero includes both commercial drone operators and enterprises that use drone-based data and services. The company is a Startmate Accelerator graduate.

Company Overview

Founded 2014
Location Surry Hills (Australia)
Investors Blackbird Ventures, Costanoa Venture, Accel and 6 Other Investors
Founders
  • Rory San Miguel
  • Francis Vierboom

Fluent Commerce

Cloud-based backend management solutions for omnichannel retailers

Disclosed Funding

USD 23M

Fluent Commerce provides cloud-based backend management solutions for omnichannel retailers. Its features include order & inventory management, shipping & fulfilment, returns management, reporting & analytics and more. Its software solution integrates with retailers’ existing online platforms and enables click & collect, ship from store, omnichannel returns and fulfilment management and more. Clients include Target, eBay, Samsung, Westfield and more.

Company Overview

Founded 2013
Location Surry Hills (Australia)
Investors Arrowroot Capital, Blue Sky Ventures, Qualgro GP and 3 Other Investors
Founders
  • Mehdi Fassaie

Cluey

Tutoring platform for students

Disclosed Funding

USD 22M

Cluey offers a tutoring platform for students. Provides live sessions, learning content, real-time feedback, and student’s progress report. Tutoring is offered for maths and English. The learning programs comply with the Australian curriculums. Students are matched to tutors based on student’s age, educational stage, ability, learning goals and more. Tutoring is conducted via real-time video and audio utilizing virtual whiteboard.

Company Overview

Founded 2018
Location Sydney (Australia)
Investors Allectus Capital, Pangaea Impact Investments, Quartet Ventures
Founders
  • Michael Allara

Outfit

Content management platform

Disclosed Funding

USD 22M

Outfit is a brand automation and marketing production platform for organizations. It allows brands to create, collaborate and deliver digital and print marketing materials. Enables users to store and manage digital asset library of approved imagery, logos and graphics from one platform. It ensures that the content is in compliance with the company’s style guide and prevents brand placement alteration or use of any unapproved logos. Allows designers to create dynamic and customizable content using HTML and CSS or using pre-existing templates. It integrates with Salesforce, Marketo, Pricefinder, Asset Bank, Email on Acid, Dropbox and Pendula.

Company Overview

Founded 2013
Location Brisbane (Australia)
Investors Five Elms Capital, Equity Venture Partners, Microequities
Founders
  • Bruce Stronge

Spaceship

Super Fund focusing on technological companies

Disclosed Funding

USD 21M

Spaceship is a Super Fund with a focus on technological companies. It offers a thematic investment platform which enables users to invest savings in the portfolios of technology companies. Offers Global Index and Growth X funds comprising of Australian and International shares. It charges administrative fees based on the investment amount.

Company Overview

Founded 2016
Location Sydney (Australia)
Investors AirTree Ventures, New Enterprise Associates, Sequoia Capital and 9 Other Investors
Founders
  • Helen Norton

Symple

P2P lending platform

Disclosed Funding

USD 21M

Symple is a P2P lending platform focused on personal loans. Private investors contribute capital into Symple’s Managed Investment Scheme (MIS) and capital held within the MIS is used to fund loans that are approved via Symple’s lending platform. The interest rate varies from 5.99% to 21.99% p.a. based on application information and credit history of the user.

Company Overview

Founded 2018
Location Hawthorn (Australia)
Investors Costa Asset Management, National Australia Bank
Founders
  • Bob Belan
  • Paul Byrne

Morse Micro

Provides WiFi chips to enable IoT Applications

Disclosed Funding

USD 20M

Morse micro is a stealth mode startup which claims to be enabling mass market IoT adoption. It is doing so with next the generation wireless connectivity chips. These are based on the 802.11 and Wi-Fi Alliance standards for various IoT applications. It claims to be a lean fabless semiconductor company.

Company Overview

Founded 2016
Location Sydney (Australia)
Investors Main Sequence Ventures’ CSIRO Innovation Fund, CSIRO and 7 Other Investors
Founders
  • Michael De Nil
  • Andrew Terry

PractiFI

Salesforce based CRM platform for the wealth management industry

Disclosed Funding

USD 20M

PractiFi is a CRM platform for wealth managers in the insurance, investment and retirement sectors. It is built on Salesforce and aims to drive customer engagement and service in the wealth management industry based on technical expertise. The platform is aimed at integrating CRM, registry, policy administration, and telephony systems for financial advice practices.

Company Overview

Founded 2013
Location Sydney (Australia)
Investors Updata, Equity Venture Partners, Microequities
Founders
  • Glenn Elliott
  • Adrian Johnstone

Brighte

Zero interest payment facility in the solar financing segment

Disclosed Funding

USD 20M

Brighte works on credit analysis and customer payables which follow solar financing and provides consumers with affordable payment plans to pay for solar and smart home technology with ‘zero interest’. Provides zero-interest loans for amounts up to $30K and repayment terms up to 60 months for buying a product from one of the empanelled vendors. Loan decisions are granted instantly.

Company Overview

Founded 2016
Location Sydney (Australia)
Investors AirTree Ventures, Skip Capital, Qualgro GP and 5 Other Investors
Founders
  • Katherine McConnell

Gilmour Space Technologies

Develops UAVs, rockets and space technologies

Disclosed Funding

USD 19M

Gilmour Space Technologies is a technology company that designs and develops rocket engines, UAVs and simulators. Gilmour Tech’s UAVs are medium-to-heavy fixed-wing drones with VTOL capabilities. Its rocket engine is a low-cost small rocket called Rasta that runs on 3D-printed solid fuel. The company’s simulators are built for training purposes. The company is also working on developing a Mars habitat and a suborbital space plane for its sister company Gilmour Space Corporation.

Company Overview

Founded 2012
Location Pimpama (Australia)
Investors Main Sequence Ventures’ CSIRO Innovation Fund, Blackbird Ventures, 500 Startups and 4 Other Investors
Founders
  • James Gilmour
  • Adam Gilmour

Oneflare

Lead generation platform for local service provider

Disclosed Funding

USD 19M

Oneflare is an online platform that connects customers with home-care service providers through a simple tendering platform. Customers request a home service online, receive multiple prices quotes from interested businesses and hire the best based on price, qualifications and customer feedback. Charges business on pay-per-quote or monthly subscription basis, no percentage commission. More than 45k local businesses use the platform  and has booked over $50 million worth of job requests across Australia. Bought Renovate Forum, Australia’s largest online renovation community with over 40k members, Jul 2014.

Company Overview

Founded 2012
Location Sydney (Australia)
Investors Domain Group, Microequities, Les Szekely and 5 Other Investors
Founders
  • Marcus Lim
  • Adam Dong

Nimble

Online platform for short term loans

Disclosed Funding

USD 18M

Nimble provides short term loans of up to $1,600 which can be paid back over weeks. It charges 20% of the principal amount as the fee and 4% of principal amount per month as the interest charges. It also provides a prepaid Nimble Visa card which can be used to load funds independently or by directly receiving the nimble fund in the card.

Company Overview

Founded 2005
Location Gold Coast (Australia)
Investors Acorn Capital, Monash Investors, Damien Waller and 2 Other Investors
Founders
  • Sean Teahan
  • Greg Ellis

Bionic Vision Technologies

Developing visual prostheses to restore vision to the blind

Disclosed Funding

USD 18M

Bionic Vision Technologies (BVT) is a privately held Australian company developing visual prostheses to restore vision to the blind. BVT is developing suprachoroidal positioned retinal prostheses for restoring vision to the blind and the potential to slow the progression of retinal degeneration. BVT products are based on intellectual property generated by Bionic Vision Australia; a national consortium that was supported by the Australian Research Council through its Special Research Initiative in Bionic Vision Science and Technology. BVT’s shareholders include State Path Capital Limited, BVI, UOM Commercial Ltd, NewSouth Innovations, Bionics Institute, Centre for Eye Research Australia, NICTA IPR, The Royal Victorian Eye & Ear Hospital, Western Sydney University, and the Australian College of Optometry. The BVT product pipeline consists of two generations of devices which aim to increase mobility and independence of patients and give increasing visual acuity. The devices operate by electrically stimulating the remaining retinal cells in patients with retinal degeneration.

Company Overview

Founded 2015
Location Carlton South (Australia)
Investors China Huarong Asset Management

Ansarada

Secure Virtual Data Rooms

Disclosed Funding

USD 18M

Ansarada is a global provider of virtual data rooms that are used by the world’s leading companies, investment banks, legal and advisory firms in business transactions such as M&A, joint ventures, fundraising and other due diligence based projects. The platform can be accessed from any browser on any device and has features like archiving, support for 13 languages and 24/7 customer support. The company has had over 10000 deals done on its platform that are over $1 trillion in value. The company also hosts an M&A game for people to play and learn about M&A.

Company Overview

Founded 2005
Location Sydney (Australia)
Investors Ellerston Capital, Belay Capital, Australian Ethical Investment and 2 Other Investors
Founders
  • Rachel Riley
  • Daphne Chang
  • Sam Riley
  • Andrew Slavin

Myriota

M2M connectivity solutions for remote applications

Disclosed Funding

USD 18M

Myriota provides M2M connectivity solutions through its satellite technology. Its technology offers cost effective solutions to enable remote device connectivity and focusses on high-value small data as an alternative to expensive, power hungry broadband satellite solutions. Its solutions find applications with farmers, resource companies, environmental agencies, governments, defense agencies and industries with remote operations that have a strong demand for remote machine-to-machine connectivity.

Company Overview

Founded 2015
Location Adelaide (Australia)
Investors Main Sequence Ventures’ CSIRO Innovation Fund, Boeing and 4 Other Investors
Founders
  • Alex Grant
  • David Haley

Thinxtra

Provides network solutions for IOT Applications in Australia and New Zealand

Disclosed Funding

USD 18M

Thinxtra is an IOT network operator based on Sigfox technology. It brings network, products, services and solutions to customers having machine-to-machine (M2M) communication needs, or themselves providing M2M products and solutions to their own customer base. It operates in Australia and New Zealand.

Company Overview

Founded 2015
Location Alexandra (Australia)
Investors CEFC, Rakon, Adcock Private Equity
Founders
  • Sam Sharief
  • Patrick Sieb

DGraph

Open-Source Distributed Graph Database

Disclosed Funding

USD 18M

DGraph is an open-source, native and distributed graph database developed for real-time, low-latency and high throughput query flow. Data distribution is designed to minimize the network calls that makes it directly proportional to the complexity of the query and not the number of results. Allows scaling of the database from a single laptop to terabytes of data via commodity hardware. Naturally provides joins. Written entirely in Go language.

Company Overview

Founded 2015
Location Sydney (Australia)
Investors Redpoint Ventures, Bain Capital Ventures, Blackbird Ventures and 4 Other Investors
Founders
  • Manish Jain

Valiant

Aggregator for business loans

Disclosed Funding

USD 17M

Valiant is an Australia-based aggregator for business loans. It helps businesses find suitable lenders for working capital, equipment finance, invoice financing, purchasing property.

Company Overview

Founded 2015
Location Sydney (Australia)
Investors ANZ, Salesforce Ventures, Carthona Capital and 4 Other Investors
Founders
  • Richard Cotton
  • Alex Molloy

AgriWebb

Livestock Management Platform

Disclosed Funding

USD 16M

AgriWebb is a complete solution aimed at the livestock production industry. AgriWebb provides a tablet computer with its software which helps cattle farmers plot out their lands, moderate weights and health of cattle and monitor their movements, remotely. A sub-product, Trough Sentry, which is a low-cost water level sensor helps farm owners check trough water levels through the tablet. They also provide a platform for listing and buying stock for cattle through their online portal AggriWebb Saleyard.

Company Overview

Founded 2013
Location Sydney (Australia)
Investors Wheatsheaf Group, Telstra, Government of Australia and 4 Other Investors
Founders
  • John Gargher
  • Justin Webb
  • Kevin Baum

Humanforce

Human resource management software suite provider

Disclosed Funding

USD 16M

Humanforce offers human resource management software suite. Solutions include biometrics-based time and attendance management, rostering and scheduling, absence management, employee and manager self-service portals, timesheet based payroll management, KPI based performance management and compliance management and reporting. It claims to have more than 800 clients across 6,500 locations around the world, including Quantas, TGI Friday and Hertz.

Company Overview

Founded 2002
Location Sydney (Australia)
Investors Accel-KKR
Founders
  • Bruce Mackenzie

Tic:Toc

Online home loan platform

Disclosed Funding

USD 16M

Tic:Toc is an online home loan platform. Offers fixed-rate & variable-rate home loans for people buying homes to live in or as an investment property. Offers loans with 80% LVR with an interest starting from 3.64% for a duration of up to 30 years. Users have to pay 20% as deposit/equity for the property they are interested to acquire. Users need to provide their basic details online to apply for a loan.

Company Overview

Founded 2015
Location Adelaide (Australia)
Investors Genworth, La Trobe Financial, Bendigo Bank and 1 Other Investors
Founders
  • Anthony Baum

Redback Technologies

Develops Solar power packs for home

Disclosed Funding

USD 16M

Redback Technologies manufactures Smart Hybrid systems of solar power packs which helps the user go completely off-grid and use in-house power for regular use. During day the battery pack is charged using solar and at night it is discharged for home use. The batteries can even be charged from the grid is required and power from the battery can even be discharged/sold to the grid.

Company Overview

Founded 2015
Location Brisbane (Australia)
Investors CEFC, Right Click Capital, Energy Queensland and 1 Other Investors
Founders
  • Philip Livingston

Marketplacer

Fully Hosted Solution to create a tailored marketplace

Disclosed Funding

USD 15M

Marktplacer, formerly called The Exchange Group, is a SaaS solution that allows people to build large scale online customised niche marketplaces by providing customers with access to content marketing services, web store platforms, SEO optimisation, as well as CRM and KPI reports. The company has created successful marketplaces including BikeExchange, TiniTrader, House of Home, Outdoria, and more. The platform has more than 20 million users with more than 340k products online offered from around 100k sellers as of June 2016.

Company Overview

Founded 2007
Location South Melbourne (Australia)
Investors Gerry Ryan
Founders
  • Jason Wyatt
  • Sam Salter

Tribe

Influencer marketplace

Disclosed Funding

USD 15M

Tribe is an influencer marketplace where brands and social influencers can connect. Brands can post a brief to an influencer segment aligned to their product and invite the type of influencer it would like the spread the message. Influencers who like the style of the content would submit a post of approval. Brands would quote a price and the influencer could accept or decline the offer. Brands pay the influencers for the posts they purchase.

Company Overview

Founded 2013
Location South Melbourne (Australia)
Investors Keith Weed, Exto Partners, Gresham House Ventures and 8 Other Investors
Founders
  • Jules Lund

Local Measure

Location based social media monitoring platform

Disclosed Funding

USD 15M

Local measure offers a location based social media monitoring platform for brands to monitor single or multiple locations for real time stream of social media content being posted there. Using its proprietary algorithm and based on the collected content brands can segment followers by influence, loyalty, language or keyword to find and understand the distinct groups of people.

Company Overview

Founded 2011
Location Surry Hills (Australia)
Investors
Founders
  • Jonathan Barouch

Q-Ctrl

Firmware to stabilise qubits from quantum decoherence

Disclosed Funding

USD 15M

Q-Ctrl, a spin-off of the Australia Research Council for Engineered Quantum Systems (EQuS), is developing a firmware to stabilise qubits from quantum decoherence. The technology uses engineering-inspired transfer functions to provide realistic error budgeting, closed-loop control stabilisation techniques for mitigating hardware errors, and advanced control protocols to reconstruct sensor features and provide quantum clock stabilisation. The tool is claimed to have its performance validated in the University of Sydney’s quantum computing laboratory.

Company Overview

Founded 2017
Location Sydney (Australia)
Investors Square Peg Capital, Sierra Ventures, Horizons Ventures and 3 Other Investors
Founders
  • Michael Biercuk

Immutable

Developer of blockchain-based video games with player owned assets

Disclosed Funding

USD 15M

Immutable is a developer of blockchain-based video games with player-owned assets. The company specializes in developing core games such as card, MMO, FPS, etc. It has developed a competitive card game “Gods Unchained”. The company also provides an open-source platform for developers to create immutable assets such as card, skins, weapons, etc. Provides peer to peer marketplace for players where they can buy, sell and gift in-game items.

Company Overview

Founded 2018
Location Surry Hills (Australia)
Investors Naspers, Galaxy Digital, Apex Capital
Founders
  • James Ferguson
  • Robbie Ferguson

AquaSpy

Sensor probes and software for soil moisture monitoring

Disclosed Funding

USD 15M

AquaSpy provides soil moisture monitoring sensor probes and software to analyze moisture & nutrient level of soil up to a depth of 48-inches in an increment of 4-inch. The probe consists of 12 sensors spaced at 10-centimeter which measures the electrical conductivity of the soil to determine the number of salts, minerals & fertilizer present in the soil. The sensor data is monitored in the software platform and also calculates yield efficiency score to find the effect of process control. Users can use the data insights to manage the irrigation and fertilizer application in the field. Can be accessed from smartphones, iPhones & laptop.

Company Overview

Founded 1998
Location Adelaide (Australia)
Investors Emerald Technology Ventures, Armilar Venture Partners and 6 Other Investors
Founders
  • Peter Moller

Lumi

Unsecured and small business loans provider

Disclosed Funding

USD 15M

Lumi provides online unsecured and small business loans to Australian registered SMEs with a minimum turnover of $50,000. The user needs to provide business bank details and address proof. 2.5% of establishment fee would be charged which is deductible at the time of settlement. Focused on hospitality, retail, trades and labour, health and wellness, professional service providers and franchises.

Company Overview

Founded 2018
Location Bondi (Australia)
Investors Follow The Seed, RTL Group Investments
Founders
  • Yanir Yakutiel

RedEye Apps

Cloud-based engineering and architecture drawing collaboration and management

Disclosed Funding

USD 14M

RedEye develops web and mobile applications for engineering and architecture drawing management solutions. Users can organise, find, markup, approve and share drawings on the go. Also allows users to pin their drawings, documents and data to their location on the map. Some of the clients include Urragh, Snowy Hydro, CBO Telecommunications, Waterline Projects etc. Has mobile apps for iOS and Android devices.

Company Overview

Founded 2012
Location Brisbane (Australia)
Investors Energy Innovation Capital
Founders
  • Randall Makin
  • Wayne Gerard

Xinja

Australian-based neo bank

Disclosed Funding

USD 14M

Xinja is developing an Australian-based neo bank. Allows the users to open their account online and track their expenses and make bill payments. Provides pre-paid cards and free international ATM withdrawals. Leverages AI technology to provide financial advice to the user.

Company Overview

Founded 2017
Location Sydney (Australia)
Investors Equitise
Founders
  • Van Le
  • Eric Wilson
  • Peter Makris
  • Verity Froud

Verrency

Payment solutions for banks

Disclosed Funding

USD 14M

Verrency provides payment solutions for banks. The solutions allow the banks to offer points redemption programs without merchant integration, virtual cards, account aggregation, merchant-funded rewards etc. Customers can set roundups for their purchases add it to charities or savings. Also offers APIs for service providers to integrate their payment system with banks.

Company Overview

Founded 2016
Location Melbourne (Australia)
Investors Plug and Play Tech Center, Alium Capital Management
Founders
  • David Link

Medical Ethics

Developer of small molecule based therapeutics for the treatment of wounds

Disclosed Funding

USD 14M

Medical Ethics is developing small molecule based therapeutics for the treatment of acute wounds. The company’s lead product candidate Medi-Solfen Human used against venous leg ulcers is a sterile formulation which is in Phase 2 clinical trials. The company is also developing therapeutic products for wound treatment in animals.

Company Overview

Founded 2004
Location Melbourne (Australia)
Investors Dechra
Founders
  • Charles Olsson
  • Allan Giffard
  • Meredith Sheil

Kira Biotech

Developer of immunomodulatory drugs to treat immune diseases

Disclosed Funding

USD 14M

Kira Biotech is a developer of immunomodulatory compounds for the treatment of immune system disorders. The lead compound is KB31 which is a selective immune-cell depleting monoclonal antibody that is used to target activated immune cells and causes induction of immune tolerance to restore homeostasis.

Company Overview

Founded 2019
Location Brisbane (Australia)
Investors One Ventures, IP Group, Advance Queensland
Founders
  • Georgina Clark

Hyper Anna

Machine learning for data analytics and visualization

Disclosed Funding

USD 14M

Hyper Anna provides machine learning solution for enterprises to gather, analyze, visualize data and gain insights for better decision-making. It consumes data generated across various activities and different formats within the enterprise and enables users to query the data using natural language.  It uses ML/NLP to understand the past behavior and predict results of future actions.

Company Overview

Founded 2016
Location Sydney (Australia)
Investors Sequoia China, AirTree Ventures, Westpac and 4 Other Investors
Founders
  • Natalie Nguyen
  • Sam Zheng Fiaa

Booktopia

Online retailer of books

Disclosed Funding

USD 13M

Booktopia is an online retailer of books, eBooks, audiobooks, magazines, DVDs, and stationeries. It sells books across various categories such as fiction, non-fiction, academic, and more. It was listed in “Business Review Weekly Fast 100”.

Company Overview

Founded 2003
Location Lidcombe (Australia)
Investors Su Ming Wong, John Sampson, Su-Ming Wong
Founders
  • Steve Traurig

Enboarder

On-boarding solution

Disclosed Funding

USD 13M

Enboarder is an on-boarding solution for enterprises. Helps customers share company culture with new hires using rich media and connect managers/team with hire before day one. Employers can create workflows for effective on-boarding and set reminders for both managers and employees. Customers include HealthEngine, Randstand, Deloitte, KPMG, Bupa etc.

Company Overview

Founded 2015
Location Sydney (Australia)
Investors Greycroft Partners, Next Coast Ventures, Stage 2 Capital and 1 Other Investors
Founders
  • Brent Pearson

ActivePipe

Marketing platform for real estate industry

Disclosed Funding

USD 12M

ActivePipe offers a marketing platform for real estate professionals to engage with prospects and customers. Products include Send, a newsletter building tool for building and sending professional newsletters; Auto, a marketing automation solution for real estate industry to define triggers, predictive lead scoring, integration with CRM, etc.

Company Overview

Founded 2013
Location Glen Iris (Australia)
Investors Firemark, Second Century Ventures, National Australia Bank and 3 Other Investors
Founders
  • Ashley Farrugia

Assembly

Escrow payments for marketplaces

Disclosed Funding

USD 12M

Assembly Payments (previously known as) PromisePay is a simple and secure escrow payment service that collects, holds and releases payments based on agreed project milestones. Milestone payments are collected from clients before work starts, where they sit with PromisePay for safekeeping. Once the work is delivered and approved, contractors are paid almost instantly. Clients are assured results for their money, and contractors are assured payment for their work. Incubated at SixThirty accelerator.

Company Overview

Founded 2013
Location Melbourne (Australia)
Investors Invest Victoria, Carsales, Mark Harbottle and 5 Other Investors
Founders
  • Simon Jones
  • Simon Lee

PayRight

Purchase financing solutions provider

Disclosed Funding

USD 12M

PayRight provides purchase financing solutions. The company provides merchants with a buy now, pay later payment option to offer their customers. Customers can choose the loan term, deposit and repayment frequency. Allows merchants to offer payments plans of up to $20,000.

Company Overview

Founded 2016
Location Hawthorn East (Australia)
Investors Escala Partners, Henslow
Founders
  • Piers Redward

Kasada

Anti-bot net and web scrapping protection for websites

Disclosed Funding

USD 11M

Kasada is a cyber security startup focused on delivering website security to the businesses. Anti-bot net and web scrapping protection for websites. The product Kasada Polyform platform protects against bot attacks by bot traffic detection, identification, and mitigation. The solution is hosted on the cloud and the website owners are required to submit their domains and update the DNS record to initiate monitoring & protection.

Company Overview

Founded 2014
Location Sydney (Australia)
Investors Main Sequence Ventures’ CSIRO Innovation Fund, Reinventure Group, Our Innovation Fund and 1 Other Investors
Founders
  • Sam Crowther
  • Greg Crowthe

ORIGO Education

Blended curriculum for math

Disclosed Funding

USD 11M

ORIGO Education provides K-5 math instructional materials and provides solutions according to local curricula through cloud-based learning management system called Stepping Stones. Program provides a blended curriculum program of online resources along with traditional printed materials. Professional development videos are embedded within the online program for teachers. As of Sept, 2015, platform is used by 500k+ students in 100+ districts across the US.

Company Overview

Founded 1997
Location Brisbane (Australia)
Investors Blue Sky Alternative Investments, Fortitude Investment Partners
Founders
  • James Burnett
  • Calvin Irons

Agworld

Software for precise farm monitoring over the cloud

Disclosed Funding

USD 11M

AgWorld is a SaaS company offering software package for precision farm monitoring including crop monitoring, shows the complete farm mapped on the screen of handheld devices like tablets and smartphones and enables the farmers to record the status of the crops and check the agronomists advice in real time. Available on iOS as of Jan 2016.

Company Overview

Founded 2007
Location Perth (Australia)
Investors RELX Group, Yuuwa Capital, REV
Founders
  • Doug Fitch
  • Matthew Powell

Fleet space

Connecting IOT with a huge fleet of tiny satellites

Disclosed Funding

USD 11M

Fleet space designs , develops and operates nanosatellites to form satellite communication network. They reduced cost of satellites further reducing risk associated with space. Their fleet is ideal for connecting devices and sensors in industries such as oil & gas, mining, agriculture, transport and logistics, science and research, environmental monitoring as well as consumer IoT applications and simple communications.

Company Overview

Founded 2015
Location Sydney (Australia)
Investors Momenta Partners, Horizons Ventures, Grok Ventures and 6 Other Investors
Founders
  • Flavia Tata Nardini
  • Matthew Pearson

Elenium

Integrated solutions to automated airport operators

Disclosed Funding

USD 11M

Elenium provides integrated hardware & software solution to automate and streamline airport operations. The company offers kiosks and its corresponding software for airlines & airports to manage passenger processing (check-in, automated boarding pass generation, & baggage dropping) and cargo management. Clients include Cathay Pacific, Delta Airlines, Qantas, Virgin Atlantic, Bangalore International Airport, and Hong Kong International Airport among others.

Company Overview

Founded 2004
Location Tullamarine (Australia)
Investors Acorn Capital, CiBUS Group, Harris Carlson Lawyers and 1 Other Investors
Founders
  • Aaron Hornlimann

Clipchamp

Online video creation platform

Disclosed Funding

USD 11M

Clipchamp has a simple mission: make video easy. Providing all the tools to help anyone seamlessly become a creator of awesome video content, Clipchamp is the go-to video platform for small business and mid-large enterprise, educational organisations, influencers and creatives from around the globe. Their in-browser solution allows anyone to create high-quality, engaging videos, without relying on expensive equipment, complicated software or any previous video production experience. Their platform integrates all steps from editing, compression, conversion, recording and sharing to create awesome videos.

Company Overview

Founded 2013
Location Brisbane (Australia)
Investors TEN13, Tola Capital, Steve Baxter and 1 Other Investors
Founders
  • Alexander Dreiling
  • Soeren Balko
  • Tobias Raub
  • David Hewitt

Selection Process

The Soonicorn Club comprises of Unicorns – companies with over $1 billion valuation, Soonicorns – companies with high valuation and good chances of soon becoming Unicorns, and Minicorns – early-stage companies that have the potential to be Unicorns in the long term.

Tracxn Soonicorn Club provides a handpicked selection of high potential and high growth companies. The shortlisting is based on a combination of multiple publicly available signals and detailed analysis of the company by our internal sector specialist teams. The companies that make the cut are the ones that show promising performance on multiple parameters – market size, investment by marquee investors, execution excellence and future growth prospects.

That’s all folks!! To know more, visit tracxn.com