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1. TRACXN MONTHLY REPORT
JANUARY 2023
AUSTRALIA TECH

2. Australia Tech - January 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
2
Australia Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 7
Top Funded Business Models - last 1 year 9
Acquisitions 10
Recent News 11

3. Australia Tech - January 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Australia Tech Snapshot – January 2023
Australia Tech: Snapshot – January 2023
Note : "Investors" refers to "Institutional Investors" only
3
$91.4M
6
Overall Geo Stats
20
3
45
15
14
Funding Rounds $ Invested Analyst Picks
Elenium!@#
New Investors
SBS Holdings
Jesselson.com
Series A+ rounds Active Investors IPOs Acquisitions
FMH Group
InTouch Data
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Sydney
(5 Rounds, $29.3M)
Perth
(2 Rounds, $15M)
Brisbane
(1 Rounds, $2.5M)
Adelaide
(1 Rounds, $1.4M)
$27.4M - Series B
Q-Ctrl (2017, Pyrmont, $74M)
$12M - Seed
Rumin8 (2021, Perth, $17.4M)
$12M - Series B
FoodByUs (2015, Sydney, $23.5M)
$11M - Series A
myInterview (2014, Sydney, $17.5M)
Horizons Ventures
(1 Investments)
Entree Capital
(1 Investments)
Data Collective
(1 Investments)
Delivery Hero
(1 Investments)
Quantum Computing
Q-Ctrl
Online Grocery
FoodByUs
Food Tech
B2B E-Commerce
Market Size
Companies Covered 27,314
Funded Companies 3,642
Total Funding $21.5B
Funding in last 12 months $4.2B
Top Exits
IPOs 344
Acquisitions 927
Company Stage
Unicorns 9
Soonicorns 54
Minicorns 326
Editor Picks 1,803
Series A+ 691
Series C+ 112
Acqui-Hires 8
Deadpooled 2,589
Top Cities
Sydney (1,088 Rounds, $9.7B)
Melbourne (531 Rounds, $3.6B)
Top Investors
Artesian (127 Investments)
muru-D (58 Investments)

4. Australia Tech - January 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Australia Tech as of January 2023
Australia Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (January 2023)*
Q-Ctrl
(2017, Pyrmont, $74.0M)
$27.4M - Series B Salesforce Ventures
FoodByUs
(2015, Sydney, $23.5M)
$12.0M - Series B Base Capital
Rumin8
(2021, Perth, $17.4M)
$12.0M - Seed Breakthrough Energy
myInterview
(2014, Sydney, $17.5M)
$11.0M - Series A Aleph
AMO STORE
(2022, South Yarra, $10.2M)
$10.2M - Seed White Star Capital
Oh Baby Games
(2021, Sydney, $6.0M)
$6.0M - Seed Merit Circle
Ferronova
(2016, Salisbury, $9.1M)
$5.6M - Series B Artesian
Vedi
(2017, Perth, $3.0M)
$3.0M - Seed MSD Animal Health
Alii Technology Group
(2001, Brisbane, $4.1M)
$2.5M - Seed Maranello Capital
Complexica
(2014, Adelaide, $25.0M)
$1.4M - Series B Perennial
Mawson Infrastructure
Group
(2019, Sydney, $346K)
$327K - Seed
*Shows only the lead Investors

5. Australia Tech - January 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Australia Tech in January 2023
Australia Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
EARLY STAGE
$1.4M - Series B
Complexica (2014, Adelaide, $25.0M)
AI enabled software for optimizing sales and marketing
activities
Perennial
EARLY STAGE
$5.6M - Series B
Ferronova (2016, Salisbury, $9.1M)
Provider of magnetic probe based device of treatment
of multiple cancer
Artesian, Uniseed, Renew Pharmaceuticals
EARLY STAGE
$11.0M - Series A
myInterview (2014, Sydney, $17.5M)
Cloud-based video interviewing platform
Aleph, Entree Capital, Digital Horizon, Jesselson.com,
SeedIL Ventures, and 1 more
EARLY STAGE
$12.0M - Series B
FoodByUs (2015, Sydney, $23.5M)
Online B2B marketplace offering multi-category
grocery products
Base Capital, FJ Labs, Macquarie Group, Trawalla
Group
EARLY STAGE
$27.4M - Series B
Q-Ctrl (2017, Pyrmont, $74.0M)
Provider of cloud-based firmware to stabilise qubits
from quantum decoherence
Salesforce Ventures, Alumni Ventures, ICM, Mindrock
Capital, Data Collective, and 4 more
EARLY STAGE
Series A
Relectrify (2015, Melbourne, $1.2M)
Battery Management system for reusing batteries
Toyota Ventures, Creative Ventures
SEED STAGE
$327.0K - Seed
Mawson Infrastructure Group (2019, Sydney,
$346.3K)
Platform offering decentralized infrastructure for
financial solutions
SEED STAGE
$2.5M - Seed
Alii Technology Group (2001, Brisbane, $4.1M)
Cloud-based digital transaction management platform
for workflow automation
Maranello Capital
SEED STAGE
$3.0M - Seed
Vedi (2017, Perth, $3.0M)
Provider of practice management software for
veterinarians
MSD Animal Health, Companion Fund

6. Australia Tech - January 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Australia Tech in January 2023
Australia Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
SEED STAGE
$6.0M - Seed
Oh Baby Games (2021, Sydney, $6.0M)
Developer of blockchain-based games for multiple
platforms
Merit Circle, eGirl Capital, Synergis
SEED STAGE
$10.2M - Seed
AMO STORE (2022, South Yarra, $10.2M)
Online retailer offering multi-category grocery
products with ultra-fast delivery
White Star Capital, SBS Holdings, Shizen, D4V, Delivery
Hero, and 2 more
SEED STAGE
$12.0M - Seed
Rumin8 (2021, Perth, $17.4M)
Provider of methane emission control solutions for
livestock farmers
Breakthrough Energy, Sentient Impact Group, Prelude
Ventures, Harvest Road
SEED STAGE
Seed
Soprano Design (1994, Sydney)
Cloud-based enterprise mobile messaging application
Potentia
SEED STAGE
Seed
Bitwise (2019, )
Provider of analytics and insights for ​​​grapes and berries
farming
Sprint Ventures, Jelix

7. Australia Tech - January 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Australia Tech in January 2023
Australia Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
SBS Holdings
1 portfolio companies | Conglomerate invovled in logistics and real estate
industries
AMO STORE
Online retailer offering multi-category grocery products with ultra-fast
delivery
$10.17M Seed
Jesselson.com
1 portfolio companies | Single-family office focused on multiple investments
myInterview
Cloud-based video interviewing platform
$11.00M Series A
Prelude Ventures
110 portfolio companies | US focused early & growth stage VC firm
Rumin8
Provider of methane emission control solutions for livestock farmers
$12.00M Seed
ICM
3 portfolio companies | Corporate advisory firm
Q-Ctrl
Provider of cloud-based firmware to stabilise qubits from quantum
decoherence
$27.40M Series B
Trawalla Group
3 portfolio companies | Family office of Schwartz Family
FoodByUs
Online B2B marketplace offering multi-category grocery products
$12.00M Series B
Sentient Impact Group
1 portfolio companies | Infrastructure fund focused on clean energy,
regenerated land, and air sectors
Rumin8
Provider of methane emission control solutions for livestock farmers
$12.00M Seed
Breakthrough Energy
117 portfolio companies | Infrastructure fund focused on energy investments
Rumin8
Provider of methane emission control solutions for livestock farmers
$12.00M Seed
Shizen
3 portfolio companies | Shizen Capital
AMO STORE
Online retailer offering multi-category grocery products with ultra-fast
delivery
$10.17M Seed
Companion Fund
14 portfolio companies | Venture capital firm investing in the pet care industry
Vedi
Provider of practice management software for veterinarians
$3.00M Seed
Ocean Azul Partners
26 portfolio companies | Venture capital firm focused on seed and series A
stages in tech companies
myInterview
Cloud-based video interviewing platform
$11.00M Series A

8. Australia Tech - January 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Australia Tech in January 2023
Australia Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Digital Horizon
20 portfolio companies | Venture capital firm focused on fintech, edtech, and
SaaS sectors
myInterview
Cloud-based video interviewing platform
$11.00M Series A
Creative Ventures
26 portfolio companies | VC firm investing in deep technology startups
Relectrify
Battery Management system for reusing batteries
Undisclosed Series A
Maranello Capital
1 portfolio companies | Private equity firm focused on multiple sectors
Alii Technology Group
Cloud-based digital transaction management platform for workflow
automation
$2.50M Seed
Renew Pharmaceuticals
1 portfolio companies | Developer of therapeutics for cancer treatment
Ferronova
Provider of magnetic probe based device of treatment of multiple
cancer
$5.57M Series B
Delivery Hero
18 portfolio companies | Online platform offering food ordering and delivery
services
AMO STORE
Online retailer offering multi-category grocery products with ultra-fast
delivery
$10.17M Seed
Synergis
7 portfolio companies | Venture capital-backed accelerator focused on early-
stage startups
Oh Baby Games
Developer of blockchain-based games for multiple platforms
$6.00M Seed
D4V
24 portfolio companies | Venture capital firm focusing on Japanese startups
AMO STORE
Online retailer offering multi-category grocery products with ultra-fast
delivery
$10.17M Seed
NEXTBLUE
3 portfolio companies | Venture capital fund investing in early stage startups
AMO STORE
Online retailer offering multi-category grocery products with ultra-fast
delivery
$10.17M Seed
eGirl Capital
6 portfolio companies | Blockchain focused investment firm
Oh Baby Games
Developer of blockchain-based games for multiple platforms
$6.00M Seed
Harvest Road
1 portfolio companies | Infrastructure fund investing in agriculture sectors
Rumin8
Provider of methane emission control solutions for livestock farmers
$12.00M Seed

9. Australia Tech - January 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
9
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- PC and Console Core NFT Game Developers $780M 2 Immutable | $500M | Series D
2 ▲4
Human Resource Management Software for Small and
Medium Businesses
$130M 1 Employment Hero | $130M | Series F
3 -- Neuropathic Pain Treatment Devices $125M 1 Saluda Medical | $125M | Series F
4 -- SoC IoT $115M 2 Morse Micro | $95.1M | Series B
5 ▼-2 Collaborative Learning $100M 1 Go1 | $100M | Series D
6 -- Sales Incentive Management $75.0M 1 Performio | $75.0M | Series A
7 ▲13 Online Business Payments $72.8M 1 Zeller | $72.8M | Series B
8 ▼-1 Tools for Accountants $66.0M 1 Karbon | $66.0M | Series B
9 ▲50 Applicant Tracking Suite $61.0M 4 Reejig | $17.0M | Series B
10 ▲52 Marketplace For Trucking $60.0M 1 Ofload | $60.0M | Series B

10. Australia Tech - January 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Australia Tech in January 2023
Australia Tech: Acquisitions
10
Acq. Date Company Acquirer Deal Size
12 Jan 2023
FMH Group(2000, Moorabbin)
Provider of end-to-end transportation management solutions
Singapore Post $161.4M
20 Jan 2023
InTouch Data(2001, Brisbane)
Data analytics solution for the hospitality industry
myDigitalOffice
26 Jan 2023
ProvenDB(2018, Melbourne)
Cloud based platform offering database documentation solutions
OneSpan

11. Australia Tech - January 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Australia Tech in January 2023
Australia Tech:News
11
Exit News
.
● Apptio acquires cloud spend optimization startup CloudwiryGeekWire
.
● Octopus completes Bulb Energy takeover after year-long saga City A.M.
.
● SingPost CEO: The strategic acquisition of FMH is a key move Post&Parcel
.
● Snowflake acquires Myst, looks to build time-series forecasting capabilities
VentureBeat
.
● Knowit acquires the Danish IT consultancy firm MiracleKnowit
.
● Snowflake Announces Intent to Acquire Mobilize.Net’s SnowConvert to
Accelerate Legacy Migrations to the Data CloudBusiness Wire
.
● Valiantys sets strategy to strengthen its position in Europe by acquiring
kreuzwerker's Atlassian consulting b... CNW
.
● MyDigitalOffice acquires InTouch DataHotel Management
.
People News
.
● Newly Appointed Appen CEO and President To Accelerate Next Wave of
Enterprise AI AdoptionBusiness Wire
● Till Payments Sacks 120 Sydney Staff ChannelNews
.
● Performio Appoints Deanne Rhynard as Chief People Officer as it Expands its
Executive Team PR Newswire
.
● Booktopia Axe 40 Jobs, Shares Leap 32% ChannelNews
.
● Pacchia and Vollero Join ICR as Managing Directors in Special Situations
Practice Group ABFJournal
.
● Axiata appoints Maya Hari to board of directors The Star Online
.
Company News
.
● FDA clears Carina Biotech’s IND to begin colorectal cancer therapy trial Clinical
Trials Arena
.
● Netlinkz entering Thailand market under deal with ALT Telecom Stockhead

12. Australia Tech - January 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Explore more on Tracxn
Explore more about Australia Tech on Tracxn Platform
Australia Tech: Explore more on Tracxn Platform
12
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Australia
AI Companies in Australia
Fintech Companies Australia
Consumer Digital in Australia
Company Due Diligence
Detailed profile of Immutable
Competitors of Go1
Cap Tables of Employment Hero
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
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Upcoming Events
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Tracxn Blog
Global Sector Landscape

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