Australian startup funding shows mixed recovery amid global headwinds
Two leading startup data providers have painted a complex picture of Australia’s venture capital landscape in 2024, with total funding showing modest improvement despite ongoing structural challenges.
Australian startups raised approximately $4 billion in venture capital during 2024, navigating an increasingly intricate funding environment. International investors became more active, while local venture firms struggled to raise capital.
Techboard reported total startup funding of $4.106 billion across 477 deals — a 7% decline from 2023 — while the State of Australian Funding 2024 report, compiled by Cut Through Venture and Folklore Venture, recorded $4 billion across 414 deals, representing an 11% increase.
Despite methodological differences both reports ranked 2024 as a significant year, with Techboard’s Australian Startup Funding in Review placing it fourth-highest on record and the State of Australian Funding 2024 ranking it third.
Read the full article: https://www.capitalbrief.com/article/australian-startup-funding-shows-mixed-recovery-amid-global-headwinds-ba513763-bb2e-4957-a4f4-a7f7c49af2ae/preview/
