State of the Australian startup ecosystem in 2015

Some of the key developments in the Australian startup landscape over the last year –

  • Wotif (ASX-listed travel booking) was acquired by US-based Expedia for A$703 million
  • Ezidebit (payments software) was acquired by US-based Global Payments for A$305 million
  • Campaign Monitor (email marketing software) raised the largest single funding round by an Australian tech company (A$320 million from US VC funds led by Insight Venture Partners)
  • Atlassian (collaboration tools for software developers) raised A$192 million from several US funds in preparation for an anticipated US public listing, valuing the company at A$4.2 billion. Atlassian also announced in Jan 2014 that it would domicile in the United Kingdom due to a combination of more favourable regulatory structures and greater access to investment.
  • Aconex (construction software) listed on the ASX, raising A$140 million and valuing the company at A$312 million
  • BigCommerce (e-commerce storefront software) raised a A$65 million funding round from US investors including SoftBank Capital and also Telstra Ventures, bringing the company’s total VC funding to A$162 million. BigCommerce is now headquartered in Austin, Texas.
  • Temando (e-commerce fulfilment software) received a A$50 million strategic investment from European mail and shipping solutions company Neopost, giving Neopost a majority stake in the company
  • Invoice2Go (mobile invoicing software) raised A$45m from US VC funds led by Accel Partners and Ribbit Capital
  • DesignCrowd (design crowdsourcing) raised a A$6 million funding round led by Australian VC fund AirTree Ventures
  • Nitro (cloud-based document editing) raised A$19 million from US VC fund Battery Ventures. Nitro moved from Melbourne to San Francisco in 2008 where it now employs 150 people.
  • LIFX (WiFi-connected LED light bulbs) raised A$15.6 million from US VC funds led by Sequoia Capital following a successful Kickstarter crowdfunding campaign in which it raised A$1.7 million in six days
  • Canva (design software) recruited Guy Kawasaki (chief evangelist and investor at Apple during late nineties)
  • SafetyCulture (workplace safety software) raised A$2.1 million in a round led by Atlassian cofounder Scott Farquhar and Blackbird Ventures
  • ingogo (taxi and mobile payments app) raised a A$9.1 million funding round, including $1.2 million from sophisticated investors through crowd equity platform VentureCrowd
  • Culture Amp (employee analytics) raised A$8 million from two US VC funds (Felicis Ventures and Index Ventures) and one Australian fund (Blackbird Ventures)

Startup Weekend comes to the Gosford Smart Work Hub

smart hub gosford 2   smart hub gosford

With spring just around the corner it seems fitting that the Gosford Smart Work Hub will be the site where new ideas will come to fruition as part of the Start Up Weekend Central Coast, September 18-20.

Already the home of innovation and collaboration, the Gosford Smart Work Hub will play host to budding entrepreneurs as they take over the facility to cultivate new businesses concepts for the future.

The Gosford Smart Work Hub is the perfect venue for Startup Weekend Central Coast, as it has all the technology to make the weekend a success. Access to the National Broadband Network, Wi-Fi, video conferencing as well as formal and informal meeting spaces and of course a kitchen and coffee where conversations occur and ideas are discussed.

Thank you to the Gosford City Council and the NSW Government as the Smart Work Hub is now a centre for innovation, entrepreneurship and growth right in the heart of Gosford and the Central Coast empowering local entrepreneurs, business people and teleworkers.


Fancy being a mentor for our startup weekend in September?

What is this about?

As a mentor or coach, you have the opportunity to share your knowledge with the startup community on the Central Coast

You may have heard that is coming to the Central Coast and we’re looking for mentors of many types; business people, designers, coders and marketers. Startup Weekend is a global collaborative movement that encourages people of all types to pitch or be part of a new startup project. It is run by enthusiastic volunteers and supporting businesses and organisations. Though we also need helpers of all sorts. In particular we need smart and wise heads that can guide our startup teams.
For more information check out the webiste, we think you’ll find we’re in a great space.

Do I need experience?

Yes you do. You may be experienced in a specific or a specialised part of business. If you remember how you felt when you were just starting out in your business that’s even better. We know you’ll understand the challenges that a new business startup faces. If you do we’re looking for you to help our startup weekend in Gosford on Sept 18-20.

What will mentors do?

Mentors are there to guide the startup teams over the course of the weekend. You won’t be expected to pick your favorite team, indeed you’ll be asked to spread your knowledge over all of the teams. Spend the weekend or just two hours, but your input will be of value to our startup teams, and you will meet lots of people too.

What sort of roles are these?

These are ‘for the love of it’ roles, in other words it’s voluntary.

Get involved

Please contact –

Article by David Abrahams