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The latest report from Australian Startup and Young Technology community engagement & discovery platform Techboard has revealed that funding for the new technology sector is at a high.

The latest Startup & Young Tech Companies Funding Report is the sixth quarterly funding report published by Techboard and the fifth with multi-state coverage. Techboard will be publishing its first annual funding report for the 2017/18 financial year later this year.

Highlights this quarter include:

  • NSW companies contributed most to the increase, and South Australia experienced significant increases in funding levels
  • Largest Crowdfunding went to local company Flowhive raising over $19m AUD on indiegogo
  • Largest VC investment went to Canva with a $50m round led by Sequoia China with Blackbird Ventures and Felicis Ventures, giving the company a valuation of US$1b
  • Largest individual funding event went to Splend (which offers vehicle rentals for Uber drivers) with $220m debt funding
  • Largest sectors were travel, health/biotech and Fintech

You can access the full report here

 

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