Startups ranked by AI-estimated valuation
Australia’s 45 most valuable startups
A quarterly ranking of non-listed Australian startups that have already raised funds, established by artificial intelligence from public information. The market sets the value; our AI estimates it.
The market at a glance
45companies ranked
7companies on the radar
USD 3.3bnraised in 2025
390rounds in 2025
Australian startups raised AUD 5.1bn (USD 3.3bn) across 390 rounds in 2025, the third-biggest year on record, with AI-native companies taking more than AUD 1bn. The first half of 2026 reached about AUD 3.5bn, led by AI data centres (Firmus) and fintech (Airwallex). Sources: Cut Through Venture and Folklore Ventures, State of Australian Startup Funding 2025 (via Forbes Australia), Investor Daily (Q2 2026). Intention counters will be shown above a threshold of amount and number of Backers.
Listed benchmarks
Atlassian · Team collaboration software · Nasdaq · TEAMWiseTech Global · Logistics software · ASX · WTCPro Medicus · Medical imaging software · ASX · PMEREA Group · Property listings portals · ASX · REALife360 · Family location-sharing app · Nasdaq and ASX · LIF / 360
Not ranked: no intention is possible on a listed company.
National ranking · all sectors
Snapshot11 Oct 2026A snapshot taken on 11 Oct 2026
This ranking shows the startups as they stood on 11 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 7 Jan 2027.
Spotted a more recent round? Tell us →First edition: no movements yet.
This ranking shows the startups as they stood on 11 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 7 Jan 2027.
Spotted a more recent round? Tell us →First edition: no movements yet.
| # | Company | Sub-sector | Known funding | Estimated valuation (AI) · range | Pool of InterestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a local partner. Neither is an order nor a commitment to invest. Terms for Backers → |
|---|---|---|---|---|---|---|
| 1 | CanvaSydney · founded 2012US parent company (2025); HQ and operations in Sydney Annual recurring revenue of about USD 4bn, growing 35% (Feb 2026). An IPO is expected but no filing has been made. |
Software › online design platform | USD 600M+ (primary) raised Employee secondary sale · Aug 2025 at USD 42bn (Fidelity; JP Morgan Asset Management, US Equity Group) |
No equity round with a disclosed amount. Published valuation: USD 42bn (Aug 2025)Method |
Be the first | Back |
| 2 | FirmusLaunceston · founded 2019Holding company in Singapore; data centres and operations in Tasmania and Melbourne Valued at about USD 10.5bn in Aug 2026. Withdrew its planned ASX listing on 9 Oct 2026. Its USD 10bn Blackstone and Coatue facility is debt, not counted. |
AI › data centres and AI compute | USD 3bn+ raised Strategic equity round · about USD 2bn (AUD 2.8bn) · Aug 2026 (Coatue, Nvidia; Blackstone Tactical Opportunities, Jane Street) |
Last known equity round: Strategic equity round · USD 2bn · Aug 2026 (Coatue, Nvidia; Blackstone Tactical Opportunities, Jane Street) Published valuation: USD 10.5bn (Aug 2026)Method |
Be the first | Back |
| 3 | Employment HeroSydney · founded 2014 Annual recurring revenue estimated at about USD 163M (Jan 2025). Acquired Humi (Canada) in 2025. |
HR tech › HR and payroll for SMEs | USD 420M raised Series F · AUD 263M (USD 167M) · Oct 2023 (TCV; Insight Partners, AirTree, Seek, OneVentures), at nearly AUD 2bn |
Last known equity round: Series F · USD 167M · Oct 2023 (TCV; Insight Partners, AirTree, Seek, OneVentures) Published valuation: USD 1.2bn (Oct 2023)Method |
Be the first | Back |
| 4 | SafetyCultureSydney · founded 2004 Product sold as Mitti since Aug 2026. Valued at AUD 2.5bn (USD 1.65bn) in Sep 2024. 80,000 organisations as customers. |
Software › frontline operations | USD 250M+ raised Equity round · AUD 165M (USD 110M) · Sep 2024 (Airtree; Blackbird, Morpheus Ventures, Hostplus, HESTA), at AUD 2.5bn |
Last known equity round: Equity round · USD 110M · Sep 2024 (Airtree; Blackbird, Morpheus Ventures, Hostplus, HESTA) Published valuation: USD 1.6bn (Sep 2024)Method |
Be the first | Back |
| 5 | ImmutableSydney · founded 2018 Token sales are not counted. No equity round since 2022. |
Gaming › web3 game infrastructure | USD 280M+ raised Series C · USD 200M · Mar 2022 (Temasek), at USD 2.5bn |
Last known equity round: Series C · USD 200M · Mar 2022 (Temasek) Published valuation: USD 2.5bn (Mar 2022)Method |
Be the first | Back |
| 6 | MableSydney · founded 2014 General Atlantic is a large minority shareholder. Revenue of about AUD 100M at break-even (2025). |
Healthtech › home-care marketplace | USD 80M+ raised Equity round · about AUD 100M (USD 65M) · Sep 2021 (General Atlantic; Ellerston Capital) |
Last known equity round: Equity round · USD 65M · Sep 2021 (General Atlantic; Ellerston Capital)Method | Be the first | Back |
| 7 | Advanced NavigationSydney · founded 2012 Reported as valued at over 1bn after the round, currency not stated. More than 100,000 systems deployed. |
Deeptech › navigation and robotics systems | USD 200M+ raised Series C · AUD 158M (USD 110M) · Mar 2026 (AirTree; Quadrant PE, NRFC; Main Sequence, KKR, In-Q-Tel) |
Last known equity round: Series C · USD 110M · Mar 2026 (AirTree; Quadrant PE, NRFC; Main Sequence, KKR, In-Q-Tel) Published valuation: USD 1bn (Mar 2026)Method |
Be the first | Back |
| 8 | Heidi HealthMelbourne · founded 2019 Valued at USD 900M. The USD 240M from General Catalyst’s Customer Value Fund is revenue-linked financing, not counted. 2.8M patient visits a week. |
Healthtech › AI clinical assistant | USD 175M+ raised Series C · USD 100M · Sep 2026 (Blackbird; Phoenix Court, Point72, Headline) |
Last known equity round: Series C · USD 100M · Sep 2026 (Blackbird; Phoenix Court, Point72, Headline) Published valuation: USD 900M (Sep 2026)Method |
Be the first | Back |
| 9 | Gilmour Space TechnologiesGold Coast · founded 2013 Reported as Australia’s first space unicorn (about AUD 1bn). First orbital attempt in Jul 2025 failed after 14 seconds. |
Space › orbital launch vehicles | USD 235M raised Series E · AUD 217M (USD 145M) · Jan 2026 (NRFC, Hostplus; Future Fund, Blackbird, Main Sequence, QIC) |
Last known equity round: Series E · USD 145M · Jan 2026 (NRFC, Hostplus; Future Fund, Blackbird, Main Sequence, QIC) Published valuation: USD 670M (Jan 2026)Method |
Be the first | Back |
| 10 | Q-CTRLSydney · founded 2017 Customers include the Australian Department of Defence, SoftBank and Mitsubishi Chemical. |
Quantum › quantum control and navigation | USD 183M raised Series B extension · USD 59M · Oct 2024 (GP Bullhound; Lockheed Martin Ventures, NTT Finance), Series B total USD 113M |
Last known equity round: Series B with extension · USD 113M · Oct 2024 (GP Bullhound; Lockheed Martin Ventures, NTT Finance)Method | Be the first | Back |
| 11 | Harrison.aiSydney · founded 2018 Used in more than 1,000 facilities; 12 FDA clearances. |
Healthtech › radiology and pathology AI | USD 240M+ raised Series C · USD 112M (AUD 179M) · Feb 2025 (Aware Super, ECP, Horizons; NRFC, Blackbird) |
Last known equity round: Series C · USD 112M · Feb 2025 (Aware Super, ECP, Horizons; NRFC, Blackbird)Method | Be the first | Back |
| 12 | HysataWollongong · founded 2021 First commercial order in Aug 2026. ARENA grants not counted. |
Energy › green hydrogen electrolysers | USD 140M raised Series B · AUD 172M (USD 111M) · May 2024 (IP Group; POSCO, Templewater, CEFC) |
Last known equity round: Series B · USD 111M · May 2024 (IP Group; POSCO, Templewater, CEFC)Method | Be the first | Back |
| 13 | LinktreeMelbourne · founded 2016 Revenue of about USD 55M in 2024. |
Creator economy › link-in-bio platform | USD 166M raised Series C · USD 110M · Mar 2022 (Index Ventures, Coatue), at USD 1.3bn |
Last known equity round: Series C · USD 110M · Mar 2022 (Index Ventures, Coatue) Published valuation: USD 1.3bn (Mar 2022)Method |
Be the first | Back |
| 14 | Fleet Space TechnologiesAdelaide · founded 2015 Valued at more than AUD 800M (USD 520M). Used by more than 40 exploration companies, including Rio Tinto and Barrick. |
Space › satellite-connected mineral exploration | USD 165M raised Series D · AUD 150M (USD 100M) · Dec 2024 (Teachers’ Venture Growth; Blackbird, Hostplus, Horizons) |
Last known equity round: Series D · USD 100M · Dec 2024 (Teachers’ Venture Growth; Blackbird, Hostplus, Horizons) Published valuation: USD 520M (Dec 2024)Method |
Be the first | Back |
| 15 | Go1Brisbane · founded 2015 No round since 2022. Acquired Blinkist in 2023. |
Edtech › workplace learning content | USD 400M raised Equity round · USD 100M · Jun 2022 (SoftBank Vision Fund 2, Salesforce Ventures, AirTree, Madrona), at USD 2bn |
Last known equity round: Equity round · USD 100M · Jun 2022 (SoftBank Vision Fund 2, Salesforce Ventures, AirTree, Madrona) Published valuation: USD 2bn (Jun 2022)Method |
Be the first | Back |
| 16 | Culture AmpMelbourne · founded 2009 Revenue up 10.8% in FY25 with a net loss of AUD 37M; about 70 job cuts in Jul 2026; founder stepped down as CEO in Jan 2026. |
HR tech › employee engagement | USD 250M+ raised Series F · USD 100M · Jul 2021, at USD 1.5bn |
Last known equity round: Series F · USD 100M · Jul 2021 Published valuation: USD 1.5bn (Jul 2021)Method |
Be the first | Back |
| 17 | Octopus DeployBrisbane · founded 2012 Insight Partners is its only outside investor. Valued at AUD 883M (2024). Annual recurring revenue of AUD 80M (2024). |
Software › deployment automation | USD 200M raised Equity round · AUD 45M (USD 30M) · 2024 (Insight Partners) |
Last known equity round: Equity round · USD 30M · 2024 (Insight Partners)Method | Be the first | Back |
| 18 | ZellerMelbourne · founded 2020 Launched in the UK in Oct 2025. |
Fintech › payments for small merchants | USD 125M raised Series B · AUD 100M (USD 73M) · Mar 2022 (Addition, Spark Capital, Square Peg), at AUD 1bn |
Last known equity round: Series B · USD 73M · Mar 2022 (Addition, Spark Capital, Square Peg) Published valuation: USD 700M (Mar 2022)Method |
Be the first | Back |
| 19 | DeputySydney · founded 2008 Valued at more than USD 1.1bn (Mar 2024). Annual recurring revenue of USD 100M (2025). |
HR tech › shift scheduling | USD 170M raised Equity round · AUD 37M (USD 24M) · Mar 2024 (Express Employment Professionals) |
Last known equity round: Equity round · USD 24M · Mar 2024 (Express Employment Professionals) Published valuation: USD 1.1bn (Mar 2024)Method |
Be the first | Back |
| 20 | Samsara EcoCanberra · founded 2021 Offtake agreement with lululemon for 20% of its fibre needs (Jun 2025). |
Climate › enzymatic plastic recycling | USD 105M raised Series A extension · AUD 100M (USD 65M) · Jul 2024 (Temasek, Main Sequence; lululemon, Hitachi Ventures, DCVC) |
Last known equity round: Series A extension · USD 65M · Jul 2024 (Temasek, Main Sequence; lululemon, Hitachi Ventures, DCVC)Method | Be the first | Back |
| 21 | SkykraftCanberra · founded 2017 Ten satellites launched in 2023. |
Space › air traffic surveillance satellites | USD 65M+ raised Equity round · more than AUD 100M (USD 65M) · Oct 2023 (Foresight Australia, OPTrust, Main Sequence) |
Last known equity round: Equity round · USD 65M · Oct 2023 (Foresight Australia, OPTrust, Main Sequence)Method | Be the first | Back |
| 22 | Morse MicroSydney · founded 2016 Second-generation chip in mass production. |
Semiconductors › Wi-Fi HaLow chips | USD 190M raised Series C · AUD 88M (USD 59M) · Sep 2025 (MegaChips; NRFC, Blackbird, Main Sequence, Hostplus, UniSuper) |
Last known equity round: Series C · USD 59M · Sep 2025 (MegaChips; NRFC, Blackbird, Main Sequence, Hostplus, UniSuper)Method | Be the first | Back |
| 23 | ROLLERMelbourne · founded 2015 | Software › venue management for attractions | USD 80M+ raised Growth round · USD 50M · Oct 2025 (Insight Partners; J.P. Morgan) |
Last known equity round: Growth round · USD 50M · Oct 2025 (Insight Partners; J.P. Morgan)Method | Be the first | Back |
| 24 | Liquid InstrumentsCanberra · founded 2014 One source reports USD 70M for the round. |
Deeptech › software-defined test instruments | USD 100M+ raised Series C · USD 50M · May 2026 (Keysight, NRFC) |
Last known equity round: Series C · USD 50M · May 2026 (Keysight, NRFC)Method | Be the first | Back |
| 25 | VowSydney · founded 2019 Food safety approval in Australia and New Zealand in Jun 2025; CEO changed in Jun 2026. |
Foodtech › cultured meat | USD 55M+ raised Series A · USD 49.2M · Oct 2022 (Blackbird, Prosperity7) |
Last known equity round: Series A · USD 49.2M · Oct 2022 (Blackbird, Prosperity7)Method | Be the first | Back |
| 26 | Hypersonix Launch SystemsBrisbane · founded 2019 | Defence › hypersonic vehicles | USD 46M raised Series A · USD 46M · Oct 2025 (High Tor Capital; NRFC, QIC, Saab) |
Last known equity round: Series A · USD 46M · Oct 2025 (High Tor Capital; NRFC, QIC, Saab)Method | Be the first | Back |
| 27 | EverlabMelbourne · founded 2023 More than 20,000 patients (Jun 2026). |
Healthtech › preventive health | USD 52M raised Series A · AUD 65M (USD 45M) · Jun 2026 (Airtree; Plural, Left Lane Capital, b2venture) |
Last known equity round: Series A · USD 45M · Jun 2026 (Airtree; Plural, Left Lane Capital, b2venture)Method | Be the first | Back |
| 28 | me&uSydney · founded 2019 Formed by the merger of Mr Yum and me&u in Nov 2023. No round since. |
Hospitality tech › order and pay | USD 60M+ raised Series A · AUD 65M (USD 45M) · 2022 (Tiger Global), raised by Mr Yum before its merger with me&u |
Last known equity round: Series A (Mr Yum) · USD 45M · 2022 (Tiger Global)Method | Be the first | Back |
| 29 | ShippitSydney · founded 2014 No round since 2022. |
Logistics › delivery software for retailers | USD 75M raised Series B2 · AUD 65M (USD 43M) · May 2022 (Tiger Global, Tidal Ventures) |
Last known equity round: Series B2 · USD 43M · May 2022 (Tiger Global, Tidal Ventures)Method | Be the first | Back |
| 30 | Applied EVMelbourne · founded 2015 | Mobility › autonomous electric vehicles | USD 40M+ raised Series B · about USD 40M · Jan 2026 (NRFC; Barrenjoey, Japan Post Capital, Suzuki) |
Last known equity round: Series B · USD 40M · Jan 2026 (NRFC; Barrenjoey, Japan Post Capital, Suzuki)Method | Be the first | Back |
| 31 | OrdermentumSydney · founded 2014 Currency of the round reported differently by sources. Used by about half of Australia’s hospitality venues. |
Hospitality tech › B2B ordering and payments | USD 50M+ raised Equity round · AUD 55M (USD 36M) · May 2026 (Five V Capital) |
Last known equity round: Equity round · USD 36M · May 2026 (Five V Capital)Method | Be the first | Back |
| 32 | LorikeetSydney · founded 2023 Customers include Airwallex and Linktree. |
AI › customer support agents | USD 50M raised Series A · USD 35M (AUD 54M) · Aug 2025 (QED; Blackbird, Square Peg, AirTree) |
Last known equity round: Series A · USD 35M · Aug 2025 (QED; Blackbird, Square Peg, AirTree)Method | Be the first | Back |
| 33 | StakeSydney · founded 2016 No round since 2022. |
Fintech › share trading app | USD 65M raised Equity round · about AUD 50M (USD 33M) · 2022 |
Last known equity round: Equity round · USD 33M · 2022Method | Be the first | Back |
| 34 | VaxxasBrisbane · founded 2011 Grants and an AUD 40M R&D-backed loan not counted. |
Biotech › needle-free vaccine patches | USD 150M+ raised Series D · AUD 49.2M (USD 32M) · Aug 2025 (SPRIM; LGT Crestone, OneVentures, Hostplus) |
Last known equity round: Series D · USD 32M · Aug 2025 (SPRIM; LGT Crestone, OneVentures, Hostplus)Method | Be the first | Back |
| 35 | SploseAdelaide · founded 2016 More than 20,000 practitioners. |
Healthtech › practice management for allied health | USD 33M+ raised Series A · AUD 46M (USD 30M) · Feb 2026 (Spectrum Equity; Athletic Ventures) |
Last known equity round: Series A · USD 30M · Feb 2026 (Spectrum Equity; Athletic Ventures)Method | Be the first | Back |
| 36 | Omniscient NeurotechnologySydney · founded 2019 | Medtech › brain-mapping AI | USD 50M+ raised Series D · USD 27.2M (AUD 41.1M) · May 2026 (OIF Ventures, NRFC) |
Last known equity round: Series D · USD 27.2M · May 2026 (OIF Ventures, NRFC)Method | Be the first | Back |
| 37 | MarketplacerMelbourne · founded 2014 Currency of the round not confirmed. No round since 2021. |
E-commerce › marketplace software | USD 60M+ raised Equity round · AUD 38M (USD 27M) · Dec 2021 (Ellerston, Salesforce Ventures, Washington H. Soul Pattinson, W23) |
Last known equity round: Equity round · USD 27M · Dec 2021 (Ellerston, Salesforce Ventures, Washington H. Soul Pattinson, W23)Method | Be the first | Back |
| 38 | Stacked FarmSydney · founded 2016 Building its first US farm in California. |
Agritech › vertical farming | USD 30M+ raised Equity round · AUD 40M (USD 26M) · 2023; followed in Jan 2025 by AUD 150M of debt and equity (Magnetar, Tribeca), split undisclosed |
Last known equity round: Equity round · USD 26.4M · 2023Method | Be the first | Back |
| 39 | Relevance AISydney · founded 2020Sydney and San Francisco | AI › no-code AI agents | USD 37M raised Series B · USD 24M · May 2025 (Bessemer; King River, Insight Partners, Peak XV) |
Last known equity round: Series B · USD 24M · May 2025 (Bessemer; King River, Insight Partners, Peak XV)Method | Be the first | Back |
| 40 | BuildkiteMelbourne · founded 2013 | Software › CI/CD for developers | USD 49M raised Series B · USD 21M · Nov 2022 (OneVentures, AirTree) |
Last known equity round: Series B · USD 21M · Nov 2022 (OneVentures, AirTree)Method | Be the first | Back |
| 41 | Quantum BrillianceCanberra · founded 2019 | Quantum › diamond quantum accelerators | USD 40M+ raised Series A · USD 20M · Jan 2025 (Main Sequence, In-Q-Tel, NRFC, Breakthrough Victoria) |
Last known equity round: Series A · USD 20M · Jan 2025 (Main Sequence, In-Q-Tel, NRFC, Breakthrough Victoria)Method | Be the first | Back |
| 42 | CauldronOrange · founded 2019 | Foodtech › precision fermentation | USD 26M raised Series A2 · USD 13.25M · Mar 2026 (Main Sequence; Horizons, SOSV) |
Last known equity round: Series A2 · USD 13.2M · Mar 2026 (Main Sequence; Horizons, SOSV)Method | Be the first | Back |
| 43 | ArkeusMelbourne · founded 2020 Valued at AUD 100M post-money. Customers include BHP and Rio Tinto. |
Defence › AI sensing payloads for drones | USD 16M+ raised Series A · AUD 25M (USD 16M) · May 2026 (QIC Ventures; Folklore, Main Sequence) |
Last known equity round: Series A · USD 16M · May 2026 (QIC Ventures; Folklore, Main Sequence) Published valuation: USD 65M (May 2026)Method |
Be the first | Back |
| 44 | MarqoMelbourne · founded 2022 | AI › vector search for e-commerce | USD 17.8M raised Series A · USD 12.5M (AUD 19.4M) · Nov 2023 (Lightspeed; Blackbird, January Capital) |
Last known equity round: Series A · USD 12.5M · Nov 2023 (Lightspeed; Blackbird, January Capital)Method | Be the first | Back |
| 45 | PearlerSydney · founded 2019 More than 110,000 active customers (Aug 2026). |
Fintech › long-term investing | USD 15M+ raised Series A · AUD 16M (USD 10.5M) · Aug 2026 (Portage; Altered Capital, TEN13) |
Last known equity round: Series A · USD 10.5M · Aug 2026 (Portage; Altered Capital, TEN13)Method | Be the first | Back |
Back · Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a local partner. · Terms
Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Ranking established by Claude (Anthropic) from public information, following the published rules. A consensus of several AIs will apply from 1 December 2026. Eligibility: at least $1M raised in equity, non-listed company, main operations in Australia. Request a correction
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How to read this ranking
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Companies are ranked by AI-estimated valuation, highest first. The market sets the value; our AI estimates it.
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Rankings by sector
Four verticals at launch, more when the feasibility test allows.Coming soon · Top 10
Software & AI
Design, frontline operations, HR and payroll, AI agents and developer tools.
Coming soon · Top 10
AI infrastructure & deeptech
AI data centres, navigation systems, quantum, chips and hypersonics.
Coming soon · Top 10
Health
Clinical AI, care marketplaces, preventive health and vaccine patches.
Coming soon · Top 10
Space, climate & fintech
Launchers, satellites, hydrogen, enzymatic recycling and merchant payments.
ProptechEdtechAgritechInsurtechMobility
The Uback partner in Australia
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M&A boutique or capital raising adviser holding an AFSL from ASIC (Australian Securities and Investments Commission), the only party entitled to contact companies and structure deals. Uback remains a media: it ranks and aggregates intentions, it takes part in no transaction.
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Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call. Undisclosed amount: the round is confirmed by the press, not its amount.
- Splend · Mobility › car subscriptions for rideshare driversMinority stake · Jan 2025 (IFM consortium, 49%), amount undisclosed; funding mostly debtBack
- MCi Carbon · Climate › mineral carbonationStrategic round · Jan 2025 (Mitsubishi UBE Cement), amount undisclosedBack
- Edrolo · Edtech › secondary school coursesSeries B · AUD 40M · Jun 2022 (Blackbird)Back
- SunDrive · Energy › solar cell technologySeries B · AUD 21M · 2022 (Blackbird, Main Sequence)Back
- Athena Home Loans · Fintech › online home loansSeries C · 2021 (Square Peg, Hostplus), amount not confirmedBack
- Swyftx · Crypto › retail exchangeFunding rounds · amounts undisclosedBack
- Brighte · Fintech › finance for home energy upgradesEquity rounds · amounts not confirmed (AirTree, NAB, BOQ)Back
Born in Australia, based elsewhere
Companies of Australian origin whose main operations are now abroad: not ranked, shown with the law governing their shares.
- Airwallex · Fintech › global business accounts and payments
Founded in Melbourne in 2015; HQ in Singapore and San FranciscoSeries H · USD 320M · Jun 2026 (Addition), at USD 11bnBack - Rokt · Adtech › e-commerce checkout offers
Founded in Sydney in 2012; HQ in New YorkEquity and secondary round · Sep 2025 (Square Peg, TDM Growth Partners, Wellington), at about AUD 7.2bnBack - Diraq · Quantum › silicon spin-qubit processors
Spun out of UNSW Sydney in 2022; HQ in Palo Alto, R&D in SydneyEquity · AUD 20M · Feb 2026 (NRFC)Back
Not ranked
- Silicon Quantum Computing · Created by a consortium of governments, universities and corporates (federal government about one third)
- HotDoc · Majority stake taken by Potentia Capital in Feb 2026
- Eucalyptus · Acquired by Hims & Hers, completed in Jun 2026
- Rezdy / Checkfront / Regiondo group · Private-equity buyout and merger in 2024
- Prospa · Taken private by a Salter Brothers consortium in 2024
- Up Bank · Owned by Bendigo and Adelaide Bank
- Leonardo.Ai · Acquired by Canva in Jul 2024
- Envato · Acquired by Shutterstock in 2024
- Sendle · Shut down in Jan 2026, in liquidation since Feb 2026
- Carted · Closed in Oct 2025
- Tritium · Administration in 2024, then acquired by Exicom
- Who Gives A Crap · Consumer brand: its business does not rest on technology
The method in Australia
Calendar. Quarterly ranking, published on the 7th of January, April, July and October. Next edition: January 7, 2027.
Eligibility: at least $1M raised in equity, non-listed company, main operations in Australia.
Partner sought. M&A boutique or capital raising adviser holding an AFSL from ASIC (Australian Securities and Investments Commission).
Sources. Australian and international business and technology press (Australian Financial Review, SmartCompany, Startup Daily, Capital Brief, Forbes Australia, iTnews, TechCrunch, Bloomberg, Reuters), Cut Through Venture data, company and investor announcements.