Top 30 best-funded Australian startups 2020

With a technologically advanced economy and a unique position in Asia-Pacific, Australia is the birthplace of many startups and tech companies. Thanks to a well-connected startup ecosystem, Australia has fostered the development of a number of local startups nationally and helped their international launch.

The startups listed hereafter are involved in a number of industries and businesses, but with a large number of companies operating through software or cloud-based platform, the importance of tech startups is clear. From professional platforms to FinTech, from artificial intelligence to e-commerce, Australian startups are engaged in the application of technology to new verticals, and the disruption of a broad range of industries.

Some of these companies are already famous in Australia, reaching a large share of the population with their products and services. Many startups are less famous, as they focus on small business niches and take charge of problems faced by specific professions, but some of them still have managed to become national leaders in their field or even players in the international business arena. Having become successful through their innovative approach and their extensive reach into the national and global market, some leaders among these startups have also already reached the acclaimed “Unicorn” status, that is to say, a valuation of more than a billion US dollars.

For the complete list of the world’s unicorn startups, download our 580 Unicorn Startups Excel file which includes valuations, funds raised, known investors, websites link, descriptions, and much more information on each company,

Download the 580 Unicorn startups Excel

List of the 30 top-funded startups from Australia

Here is the list of the top 30 best-funded Australian startups with details about each company, the total amount of funds received by the company in US $ or A$, according to Crunchbase, as of May 2020  (with A$ converted to US $ with the rate of 0.648 US$/A$), together with a direct link to the company’s website.

For more information on other world-leading startups, check our series of posts on Top Startups, and for more information on the country, read our articles on Top Business Resources for Australia.

Shortcuts to each startup

To facilitate your browsing in this long list, here are quick links to go directly to the details of any of the top 30 Australian startups.  Be sure to also check the Top 10 Australian startups’ summary after the list!

30. Timelio

Industry: Financial Services – Total funding: $9.5 Million

Timelio helps businesses access to funding and alternative investments. It provides solutions for invoice, trade and supply chain finance, and allows investors to lend capital to businesses and access a new method of alternative investment to fund businesses and professionals.

Website: timelio.com.au

29. Koala Mattress

Industry: E-Commerce – Total funding: $10 Million

Koala Mattress is an e-commerce company specialized in mattresses, beds, and home furniture. It provides a range of products designed and produced in Australia to be bought and delivered via e-commerce. Besides it also partners with the WWF to help preserve the Australian fauna and its habitat.

Website: au.koala.com

28. Fleet

Industry: Telecommunications – Total funding: $11.1 Million

Fleet is a satellite connectivity company dedicated to the Internet of Things devices. It provides low-cost secure low-bandwidth satellite connectivity that enables a scalable, faster, simpler, and cheaper connection of Internet of Things devices. Thanks to its communication and space technology, it is ideal to support machine to machine data exchange and sensor networks.

Website: fleet.space

27. Hyper Anna

Industry: Data and Analytics – Total funding: A$17.3 Million

Hyper Anna is a data analysis platform operating through artificial intelligence. It helps companies in the financial services, retail, FMCG, utilities, transportation, and government sectors use their data with a virtual assistant that writes code, analyzes data, produces charts and insights to increase sales, reduce expenses, forecast revenues, manage supply chains.

Website: hyperanna.com

26. Cover Genius

Industry: Financial Services – Total funding: $11.6 Million

Cover Genius is an insurance distribution company. Working with insurance companies, it delivers insurance policies for travel, retail, auto, mobility, gig platforms, business services, and property through its end-to-end insurance platform, XCover. Thanks to this InsurTech platform, Cover Genius enables licensing and underwriting, and it allows claims to be paid instantly around the world.

Website: covergenius.com

25. Tribe

Industry: Enterprise Software – Total funding: $12.3 Million

Tribe is an influencer marketing marketplace connecting brands with influencers. Through its digital platform, Tribe allows brands to engage in two types of marketing campaigns: influencer marketing campaigns, letting influencers promote their products, and content campaigns, where Tribe creators provide content for brands to use in their own advertising channels.

Website: tribegroup.co

24. ClipChamp

Industry: Consumer Internet – Total funding: $15.3 Million

Clipchamp is a video creation platform aiming at making the creation of video easy and fun. It provides an in-browser application to help users create high-quality video content with free video editing tools, compressor, converter, and webcam recorder.

Website: clipchamp.com

23. OpenAgent

Industry: Real Estate – Total funding: $16.2 Million

OpenAgent is an online platform to find and compare real estate agents. It compares more than 30,000 real estate agents throughout Australia according to customer reviews and in-depth sales analysis in order to find the most suitable for home sellers according to their property and location.

Website: openagent.com.au

22. Valiant

Industry: Financial Services – Total funding: $17.3 Million

Valiant is a business loan marketplace. Through its online platform, it allows business owners and financial advisers to browse financial products and contact lenders. The goal of Valiant is to reduce the complexity and empower SMEs and financial advisers to find the most convenient loans that fit their needs.

Website: valiant.finance

21. Zookal

Industry: Education – Total funding: $17.6 Million

Zookal is a textbook rental and e-commerce platform. It provides an easier and cheaper alternative, allowing Australian price-conscious students to save up to 70% off on their required course materials. Through its online platform, Zookal also proposes a range of stationery products.

Website: zookal.com

20. Liven

Industry: Financial Services – Total funding: $18.8 Million

Liven is a mobile payment application specialized in cafés, restaurants, and bars and distributing rewards to its users. It allows businesses of the hospitality industry in Australia to incentivize customers to come and try their offer while distributing its own digital currency through rewards to customers who can then use it with Liven’s network of partners.

Website: liven.com.au

19. Morse Micro

Industry: Hardware – Total funding: A$29.2 Million

Morse Micro is a startup designing Wi-Fi chips for the Internet of Things. With a team of expert engineers, Morse Micro designs smaller and cheaper silicon chips, with longer range and lower power consumption. They also propose chips that enable faster implementation in devices and better security.

Website: morsemicro.com

18. Oneflare

Industry: Professional Services – Total funding: $19.4 Million

Oneflare provides a marketplace to connect with home services providers. It allows users to complete a form with the details of a job while Oneflare matches the requests with suitable professionals. These professionals can then submit their price quotes for the job, which are then filtered by Oneflare and submitted to the users who can choose their best match.

Website: oneflare.com.au

17. Outfit

Industry: Enterprise Software – Total funding: $21 Million

Outfit is a brand management platform. It aims at transforming how large organizations manage their brands. Through the creation of branded marketing materials, collaborative tools, and sharing solutions, Outfit helps create, manage brand assets libraries, and broadcast content with email, print, digital, and social media tools.

Website: outfit.io

16. Flare HR

Industry: Enterprise Software – Total funding: $22.4 Million

Flare provides software to automate the hiring process of new employees, manage payroll, and other human resources function. It helps businesses of all sizes build their HR, payroll, perks, and financial wellness platforms so that they can better engage their employees and increase their financial security.

Website: flarehr.com

15. Data Republic

Industry: Data and Analytics – Total funding: A$36 Million

Data Republic delivers a technology suite for data sharing that ensures security and privacy. It provides businesses with a comprehensive legal, governance, and licensing workflow for data sharing, allowing data owners to benefit from sharing their data in a secure and private environment.

Website: datarepublic.com

14. Freelancer

Industry: Professional Services – Total funding: A$37.5 Million

Freelancer is a marketplace to hire freelancers and find freelance jobs. It allows employers to post their projects and quickly receive competitive bids from freelancers. Freelancer enables employers to find suitable candidates for web design, mobile app development, virtual assistants, product manufacturing, and graphic design among many others.

Website: freelancer.com

13. HealthEngine

Industry: Health Care – Total funding: A$37.8 Million

HealthEngine is a digital platform allowing patients to easily find doctors, dentists, and other medical specialists in Australia. Operating through a website and mobile app, HealthEngine also provides medical practitioners with technology to connect with patients and improve their experience.

Website: healthengine.com.au

12. Expert360

Industry: Professional Services – Total funding: $26.1 Million

Expert360 is a platform providing businesses on-demand access to experienced professionals in strategy, finance, marketing, operations, and digital. It helps companies manage one-off or at scale project work by ensuring their needs are fitted with the right professionals in under 48h.

Website: expert360.com

11. Airtasker

Industry: Professional Services – Total funding: $26.5 Million

Airtasker is a marketplace allowing people and businesses to outsource tasks, find local services, or hire flexible staff in minutes. It notably provides solutions to hire rated, verified, and reviewed professionals for business and administration, cleaning, delivery and removals, furniture assembly, marketing and design, home care, and gardening.

Website: airtasker.com

10. Employment Hero

Industry: Enterprise Software – Total funding: $27.7 Million

Employment Hero is a digital platform that allows managing human resources, payroll, and employee benefits. It provides a range of products and services to Australian SMEs to reduce paperwork and compliance hassles, manage payments, communicate to staff, and deliver employee benefits.

Website: employmenthero.com

9. Assembly Payments

Industry: Financial Services – Total funding: $32.3 Million

Assembly Payments is a payment platform enabling companies to accept, manage, and disburse payments. It provides payment solutions for specific business lines, including marketplaces, platforms, and in-store cashiers. Making sure to remain at the top of its expertise, Assembly ensures to deliver a secure system that complies with regulatory standards.

Website: assemblypayments.com

8. Power Ledger

Industry: Energy – Total funding: $35 Million

Power Ledger is a technology company powering marketplaces to support renewable energy and carbon credits transactions. Relying upon the Blockchain technology, Power Ledger helps renewable energy asset owners connect to existing electricity distribution networks or micro-grids, and choose prices for their surplus energy.

Website: powerledger.io

7. Lendi

Industry: Financial Services – Total funding: $40 Million

Lendi is an online platform to help Australians get home loans. It allows users to compare, choose, and get approved for home loans online from more than 30 major lenders. Facilitating the acquisition of houses and to refinance loans, Lendi negotiates better loans for its users and also empowers them through its online tools and a team of experts.

Website: lendi.com.au

6. GO1

Industry: Education – Total funding: $43.7 Million

Go1 is a platform dedicated to help companies find, book, and deliver their corporate training. Focusing on professional learning, Go1 has become a leader in online learning and education, and it has expanded beyond Australia to the United States, South Africa, Vietnam, the United Kingdom, and Malaysia.

Website: go1.com

5. 99Designs

Industry: Professional Services – Total funding: $45 Million

99designs is an online platform letting anyone find designers for their logo and brand identity, video and animation, web and app design, advertising, clothing, and merchandising. Collecting briefs from customers online, 99designs offers the services of its community of professional designers to deliver the clients’ requirements.

Website: 99designs.com

4. Uno

Industry: Financial Services – Total funding: $46.1 Million

Uno is an online platform that allows users to search, compare, and settle home loans. Helping people make better financial decisions, Uno provides a set of tools and calculators to compare loans to acquire real estate property, evaluate refinancing opportunities, as well as a team of experts to provide advice, support, and guidance.

Website: unohomeloans.com.au

3. Spaceship

Industry: Financial Services – Total funding: $71.1 Million

Spaceship is an investment platform dedicated to helping the younger generations invest and build wealth. Thanks to its financial portfolios, a diversified technology growth portfolio, and a globally diversified portfolio, Spaceship provides investment opportunities directly through its online app.

Website: spaceship.com.au

2. Canva

Industry: Consumer Internet – Total funding: $241.6 Million

Canva is a digital platform dedicated to graphic design, it helps users design logos, presentations, social media graphics, business cards, and more. Thanks to a drag-and-drop design tool, pre-designed templates, and a stock library of images, Canva enables its users to create professional graphic designs with a simple and easy online process.

Website: canva.com

1. Judo Bank

Industry: Financial Services – Total funding: $1.5 Billion

Judo Bank is a bank and lender focusing on small and medium-sized companies. Relying upon its online platform and a team of dedicated relationship managers, Judo Bank is dedicated to delivering tailor-make financial solutions, providing business loans that exactly fit the needs of each SME.

Website: judo.bank

Summary: Top 10 Australian Startups 2020

To give you a quick overview of the largest startups from Australia in 2020, here is a synthesizing image regrouping the information of the top 10. Note that you can use this image to embed it on your website and other digital properties using the embed code below.

Embed code:

<a href="https://blog.disfold.com/top-australian-startups/" target="_blank" rel="noopener noreferrer"><img src="https://blog.disfold.com/wp-content/uploads/2020/05/top-10-australian-startups.jpg" alt="Top 10 Australian Startups 2020"></a>

Here are the top 30 best-funded startups from Australia. Did we forget any? Did you buy any product or service from them? Which one do you think provides the most useful product? Let us know in the comments below!