Access to the largest data set on Australian startup funding. Understand the capital flows shaping the Australian startup landscape.
The State of Australian Startup Funding Report examines the largest data set available on the Australian startup funding landscape. In 2024, the report gathered contributions from close to a thousand individuals and companies for their insights on the state of the Australian startup funding market.
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Key insights from the 2024 report
Total funding
$4.0
billion
Up 11% on 2023
Total reported deals
41
4
Down 12% on 2023
Most funded sectors
Fintech
$947M
Climate / Cleantech
$609M
Biotech / Medtech
$347M
Most funded states
NSW
65% of funding
VIC
19% of funding
QLD
6% of funding
Investors most excited about
Artificial Intelligence
Enterprise Software
Healthtech
Biggest deals
Funding to teams with at least one female founder
15%
Down from 18% in 2023
Funding to female-only founders
2%
Down from 3% in 2023
Deals involving with at least one female founder
27%
Up from 25% in 2023
Deals involving female-only founders
9%
Down from 10% in 2023
Investors reporting a failed portfolio company
55%
Up from 42% in 2023
Investors who believe activity to increase in 2025
51%
Down from 67% in 2023
Founders who plan to raise in the next year
74%
Down from 75% in 2023
Founders who are confident they’ll raise next round
80%
Down from 83% in 2023
