Australia’s Venture Capital Deals Slide 30% From Record Year
Buildings at night in Sydney, Australia.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
Venture-capital investments in Australia plunged by about a third in 2022, following the lead of listed global technology companies and venture markets.
Australian startups raised A$7.4 billion ($5.1 billion) across 712 deals in 2022, down from A$10.6 billion across 731 deals in 2021, according to the annual State of Australian Startup Funding report by Cut Through Venture and Folklore Ventures. The research was sponsored by JPMorgan Chase & Co., Silicon Valley Bank, Deloitte, Google Cloud and Sling & Stone.