Tracxn - Geo Monthly - Australia and New Zealand Tech - Jan 2022

TRACXN MONTHLY REPORT
JANUARY 2022
AUSTRALIA & NEW ZEALAND TECH

Australia and New Zealand Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
Australia & New Zealand Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 8
Top Funded Business Models - last 1 year 10
New Analyst Picks 11
IPOs 14
Acquisitions 15
Recent News 17

Australia & New Zealand Tech Snapshot – January 2022
Australia & New Zealand Tech: Snapshot – January 2022
Note : "Investors" refers to "Institutional Investors" only
3
$659M
10 3
Overall Geo Stats
20
13
76
23
25
Funding Rounds $ Invested Analyst Picks
Dovetail Upgraded
to SOONICORN
New Investors
OKX
Paka
Series A+ rounds Active Investors IPOs
Beforepay
My Foodie Box
Acquisitions
Vesper Marine
Easi
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Sydney
(12 Rounds, $238M)
Melbourne
(4 Rounds, $394M)
Brisbane
(2 Rounds, $10M)
Auckland
(2 Rounds, $3.9M)
$350M - Series B
Cyara (2006, Redwood City, $375M)
$75M - Series A
TradeSquare (2020, Sydney, $77.5M)
$75M - Series A
Milkrun (2015, Sydney, $83.2M)
$63M - Series A
Dovetail (2016, Sydney, $71M)
Tiger Global Management
(2 Investments)
Grok Ventures
(2 Investments)
NGC
(2 Investments)
Y Combinator
(1 Investments)
Customer Service Software
Cyara
B2B E-Commerce
TradeSquare
Online Grocery
Milkrun
MarketingTech
Dovetail
Market Size
Companies Covered 27,726
Funded Companies 3,675
Total Funding $19.4B
Funding in last 12 months $5.6B
Top Exits
IPOs 356
Acquisitions 851
Company Stage
Unicorns 7
Soonicorns 51
Minicorns 305
Editor Picks 1,837
Series A+ 691
Series C+ 122
Acqui-Hires 8
Deadpooled 2,173
Top Cities
Sydney (933 Rounds, $8.5B)
Melbourne (460 Rounds, $3.7B)
Top Investors
Artesian (118 Investments)
New Zealand Growth Capital
Partners (57 Investments)

Investment Snapshot
Investment Snapshot of Australia & New Zealand Tech as of January 2022
Australia & New Zealand Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (January 2022)*
Cyara
(2006, Redwood City, $375M)
$350M - Series B K1 Investment Management
TradeSquare
(2020, Sydney, $77.5M)
$75.0M - Series A Tiger Global Management
Milkrun
(2015, Sydney, $83.2M)
$75.0M - Series A Tiger Global Management
Dovetail
(2016, Sydney, $71.0M)
$63.0M - Series A Accel
EstimateOne
(2008, Melbourne, $25.0M)
$25.0M - Series B Saniel Ventures
Buildxact
(2010, Melbourne, $33.0M)
$18.5M - Series A Regal Funds Management
Explorate
(2016, Brisbane, $7.5M)
$7.5M - Series A Equity Venture Partners
Liftango
(2015, Sydney, $8.1M)
$7.5M - Series A Maven Capital Partners
Send Payments
(2018, Southport, $5.0M)
$5.0M - Series A
STEPN
(2004, Sydney, $5.0M)
$5.0M - Seed Sequoia Capital
Bombora Wave Power
(2011, Bentley, $8.4M)
$4.8M - Series B Mitsui OSK Lines
*Shows only the lead Investors

List of Funding Rounds (1/3)
List of Funding Rounds in Australia & New Zealand Tech in January 2022
Australia & New Zealand Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
EARLY STAGE
$4.8M - Series B
Bombora Wave Power (2011, Bentley, $8.4M)
WEC from wave pressure on the sea floor
Mitsui OSK Lines
EARLY STAGE
$5.0M - Series A
Send Payments (2018, Southport, $5.0M)
Global currency transfer platform focused on
individuals and businesses
EARLY STAGE
$7.5M - Series A
Liftango (2015, Sydney, $8.1M)
Online ridesharing & on-demand bus technology
provider
Maven Capital Partners, GUD, Taronga, Transdev,
Scottish Enterprise
EARLY STAGE
$7.5M - Series A
Explorate (2016, Brisbane, $7.5M)
Offers a marketplace for freight transportation
Equity Venture Partners, Explorate, Leigh Jasper, Ricki
Friede
EARLY STAGE
$18.5M - Series A
Buildxact (2010, Melbourne, $33.0M)
Cloud-based software for builders and subcontractors
Regal Funds Management, Possible Ventures,
Shearwater, WHSP, SecondQuarter Ventures, and 2
more
EARLY STAGE
$25.0M - Series B
EstimateOne (2008, Melbourne, $25.0M)
Tender management platform for commercial projects
Saniel Ventures, Potentia
EARLY STAGE
$63.0M - Series A
Dovetail (2016, Sydney, $71.0M)
Cloud based user research and collect data platform
Accel, Blackbird Ventures, Felicis Ventures, Grok
Ventures, Didier Elzinga, and 3 more
EARLY STAGE
$75.0M - Series A
Milkrun (2015, Sydney, $83.2M)
Online platform offering grocery delivery services
Tiger Global Management, AirTree Ventures, Skip
Capital, Grok Ventures
EARLY STAGE
$75.0M - Series A
TradeSquare (2020, Sydney, $77.5M)
Online B2B marketplace for multi-category products
Tiger Global Management

6
EARLY STAGE
$350.0M - Series B
Cyara (2006, Redwood City, $375.0M)
Omnichannel customer experience testing platform
K1 Investment Management
SEED STAGE
$125.0K - Seed
Wagetap (2019, Sydney, $125.0K)
Online platform for earned wages
Y Combinator
SEED STAGE
$900.0K - Seed
Frankie (2019, Auckland, $900.0K)
Cloud-based maintenance management software for
property managers
Icehouse Ventures
SEED STAGE
$1.3M - Seed
saasguru (2021, Sydney, $1.3M)
SaaS & AI-based marketplace providing certification
exam preparation solutions
Square Peg, Black Nova
SEED STAGE
$1.5M - Seed
Geora (2019, Randwick, $1.5M)
Provider of blockchain-based data-sharing solutions
across the agricultural value chain
Tenacious Ventures, National Australia Bank, Flying Fox
Ventures
SEED STAGE
$1.9M - Seed
RentBetter (2016, Sydney, $1.9M)
Online rental property management software for
landlords
SEED STAGE
$2.0M - Seed
Fertil (2019, Adelaide, $2.0M)
Provider of micro-3D printed pod for the treatment of
infertility
Horizons Ventures
SEED STAGE
$2.3M - Seed
Yesports (2021, Sydney, $2.3M)
Online esports engaagment platform for gamers
Kosmos Ventures, , NGC, Polygon Studios, Kernel
Ventures, and 1 more
SEED STAGE
$2.5M - Seed
iNSPIRETEK (2020, Brisbane, $2.5M)
Mobile-based application for fitness and health
monitoring
Investible, Vu Tran, Matthew Browne, David Shein,
Emma Mactaggart

7
SEED STAGE
$2.7M - Seed
Kula A.I (2015, Sydney, $2.7M)
Cloud-based recruitment automation software
Global Founders Capital, Venture Highway, Together
SEED STAGE
$3.0M - Seed
MetaDojo (2021, Auckland, $3.0M)
NFT-based trading platform for digital games
Digital Finance Group, Walsh Wealth Group, NGC, OKX,
LD Capital, and 7 more
SEED STAGE
$4.5M - Seed
Checkbox (2017, Sydney, $6.3M)
Workflow automation and document generation
solution for businesses
Tidal, Surge
SEED STAGE
$5.0M - Seed
STEPN (2004, Sydney, $5.0M)
Mobile app for tracking running activities
Sequoia Capital, Openspace Ventures, Lemniscap, , Zee
Prime Capital, and 11 more
SEED STAGE
Seed
Strong Room (2017, Melbourne)
Provider of 3D facial mapping technology for
biometrics solutions
COPYRIGHT TYSON
SEED STAGE
Seed
reask (2018, Sydney)
Risk management solutions for insurers
Tencent, SV Angel
SEED STAGE
Seed
Umall (, Lidcombe)
Online offering multi-category grocery supplies
Today Media Group

New Investors (1/2)
List of New Investors in Australia & New Zealand Tech in January 2022
Australia & New Zealand Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
OKX
9 portfolio companies | Financial services platform offering trading and wallet
MetaDojo
$3.00M Seed
Paka
8 portfolio companies | PAKA, Web3.0 DAO fund
MetaDojo
$3.00M Seed
Mitsui OSK Lines
1 portfolio companies | Funds of fund focused on multiple sectors
Bombora Wave Power
WEC from wave pressure on the sea floor
$4.82M Series B
Solana Capital
11 portfolio companies | Diversified asset management firm
STEPN
$5.00M Seed
SecondQuarter Ventures
2 portfolio companies | Venture capital firm focused on tech companies
Buildxact
$18.50M Series A
Kernel Ventures
7 portfolio companies | Ventures capital firm and incubator focused on
blockchain projects
Yesports
$2.25M Seed
Maven Capital Partners
149 portfolio companies | Private equity investment firm operating across the
UK
Liftango
Online ridesharing & on-demand bus technology provider
$7.47M Series A
Shearwater
1 portfolio companies | Manufacturer of dive computers for divers
Buildxact
$18.50M Series A
Walsh Wealth Group
2 portfolio companies | Provider of blockchain and cryptocurrency development
services
MetaDojo
$3.00M Seed
Together
3 portfolio companies | Venture capital firm focused on early stage investment
in tech companies
Kula A.I
$2.70M Seed

New Investors (2/2)
List of New Investors in Australia & New Zealand Tech in January 2022
Australia & New Zealand Tech: List of New Investors
9
Investor Company Info Round Amount Round Name
Jsquare
8 portfolio companies | Venture capital-backed incubator focused on blockchain
startups
MetaDojo
$3.00M Seed
goodgamelabs.gg
1 portfolio companies |
MetaDojo
$3.00M Seed
Altonomy
14 portfolio companies | Digital assets trading, advisory, and asset management
platform
MetaDojo
$3.00M Seed
Venture Highway
78 portfolio companies | India focused VC firm
Kula A.I
$2.70M Seed
M13 Company
34 portfolio companies | Family office of Carter and Courtney Reum
STEPN
$5.00M Seed
Solar Eco Fund
11 portfolio companies | Blockchain focused investment firm
STEPN
$5.00M Seed
Transdev
5 portfolio companies | Provider of mobility services
Liftango
Online ridesharing & on-demand bus technology provider
$7.47M Series A
Black Nova
1 portfolio companies | Black Nova
saasguru
SaaS & AI-based marketplace providing certification exam preparation
solutions
$1.30M Seed
NFT
5 portfolio companies | NFT-based network for digital art and games
MetaDojo
$3.00M Seed
mozaikcapital.com
3 portfolio companies | Investment advisory firm
Yesports
$2.25M Seed

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.
10
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲7 Graphic Design Tools $271M 2 Canva | $200M | Series F
2 ▲7 Presentation Tools $271M 2 Canva | $200M | Series F
3 ▼-2 Business Banking $174M 1 Judo Bank | $174M | Series D
4 -- Continuous Deployment $173M 1 Octopus Deploy | $173M | Series D
5 ▲23 HRMS for SMBs $138M 2 Employment Hero | $103M | Series E
6 -- Online Pet Products Retailers $125M 1 Pet Circle | $125M | Series B
7 -- Business Payments Solutions $105M 3 Till Payments | $80.0M | Series C
8 -- Senior Caregivers Marketplace $100M 1 Mable | $100M | Series C
9 -- Employee Engagement Platforms $100M 1 Culture Amp | $100M | Series F
10 -- Hotel Reservation Management Software $100M 1 SiteMinder | $100M | Series D

New Analyst Picks (1/3)
Interesting Companies identified by Analysts in Australia & New Zealand Tech in January 2022
Australia & New Zealand Tech: Analyst Picks
11
Upgraded to SOONICORN
Dovetail (2016, Sydney, $4.0M, Seed)
Cloud based user research and collect data platform
Accel, Felicis Ventures, Blackbird Ventures and 6 other
Investors
Upgraded to SOONICORN
Milkrun (2015, Sydney, $75.0M, Series A)
Online platform offering grocery delivery services
Tiger Global Management, AirTree Ventures, Skip
Capital and 2 other Investors
Upgraded to MINICORN
Liftango (2015, Sydney, $675K, Seed)
Online ridesharing & on-demand bus technology
provider
Maven Capital Partners, Transdev, Taronga and 6 other
Investors
Explorate (2016, Brisbane, Undisclosed, Seed)
Offers a marketplace for freight transportation
Equity Venture Partners, Explorate, Leigh Jasper and 3
other Investors
Kula A.I (2015, Sydney, $2.7M, Seed)
Venture Highway,Together,Global Founders Capitaland
Send Payments (2018, Southport, $5.0M, Series A)
Global currency transfer platform focused on
individuals and businesses
G1 VENTURESand
Added to Editor's Pick
Simply Wall St. (2014, Sydney, $600K, Seed)
Stock data visualization platform.
Sydney Angels, AWI Ventures, Artesian and 3 other
Investors
Mentorloop (2016, Melbourne, $552K, Seed)
Mentorship software for individuals and companies
Blackbird Ventures, Rampersand, Folklore Ventures
and 3 other Investors
reask (2018, Sydney, Undisclosed, Seed)
Risk management solutions for insurers
Tencent,SV Angeland
Hello Driven (2017, Sydney, $700K, Seed)
Provider of an AI-based virtual coach for enterprises
and individuals
FirstWatch, Giant Leap Fund, Pangaea Impact
Investments and 1 other Investors

12
saasguru (2021, Sydney, $1.3M, Seed)
SaaS & AI-based marketplace providing certification
exam preparation solutions
Square Peg,Black Nova,Antlerand
Shop You (2017, Sydney, $2.5M, Seed)
Online platform for AI-enabled virtual shopping
Investibleand
Cascade Strategy (2012, Sydney, Unfunded)
Strategy design and project management platform
RelayPay (2018, Sydney, Undisclosed, Seed)
Online exchange and payment solutions for
cryptocurrency
XBTO Humlaand
EpiSoft (2005, Sydney, $1.0M, Seed)
Cloud-based EMR with integrated research software
for hospitals
Stuffed With Plush Toys (2006, Unfunded)
Online gifting platform offering plush toys for various
occasions
Biza (2017, Sydney, Unfunded)
Open banking compliance solution
Roar Educate (2006, Hobart, Unfunded)
Provider of a safe browsing solution for students
Pestrol (1999, Sydney, Unfunded)
Online retailer for private label pest control products
The Good Plant Co (2019, Brisbane, Unfunded)
Online platform offering ornamental plants for home
growers
Siddhi Capitaland
Robochat (2017, Auckland, Unfunded)
Platform offering chatbots for generating leads
SEND (2020, Sydney, Unfunded)
Online platform offering multi-category grocery
supplies

13
Web Surveys (1998, Sydney, Unfunded)
Platform offering software to create surveys

IPO Date Company IPO Mcap Exchange Ticker
17 Jan 2022
Beforepay (2019, Sydney, )
App-based payment solutions for individuals
$0.1B ASX:B4P
07 Jan 2022
My Foodie Box (2017, Maylands, )
Platform offering meal kit delivery services
$0.0B ASX:MBX
28 Jan 2022
Firebrick Pharma (2012, Melbourne, )
Developer of therapeutics to treat respiratory infections
$0.0B ASX:FRE
IPOs
List of IPOs in Australia & New Zealand Tech in January 2022
Australia & New Zealand Tech: IPOs
14

Acquisitions (1/2)
List of Acquisitions in Australia & New Zealand Tech in January 2022
Australia & New Zealand Tech: Acquisitions
15
Acq. Date Company Acquirer Deal Size
03 Jan 2022
Vesper Marine(2007, Auckland)
Developer of marine asset protection and collision avoidance
technology
Garmin International
09 Jan 2022
Easi(2014, Melbourne)
App-based food delivery service
HungryPanda Panda Takeaway $35.9M
10 Jan 2022
Vision6(2001, Brisbane)
Email Marketing, Social Marketing and SMS Marketing | Vision6
Constant Contact
11 Jan 2022
BUY@HOME(, Melbourne)
Online platform for food ordering and delivery
HungryPanda Panda Takeaway
11 Jan 2022
Looop(2013, Melbourne, $2.0M)
Mobile based micro-learning
360Learning $20.0M
11 Jan 2022
Envizi(2004, Sydney)
Energy intelligence for utility customers, meter monitoring
IBM
13 Jan 2022
LanternPay(2015, Manly)
Cloud-based payment platform
National Australia Bank
18 Jan 2022
Retail Express(2006, Brisbane)
Retail POS software solutions
Maropost $39.9M
19 Jan 2022
Moxion(2012, Auckland)
Dailies creation and sharing platform
Autodesk
19 Jan 2022
Utilibill(2005, South Yarra)
Billing and payment platform for utilities and telcos
AMCS

Acquisitions (2/2)
List of Acquisitions in Australia & New Zealand Tech in January 2022
Australia & New Zealand Tech: Acquisitions
16
Acq. Date Company Acquirer Deal Size
19 Jan 2022
Car Next Door(2012, Sydney, $15.3M)
P2P Car Renting Markteplace
Uber
28 Jan 2022
Yellowfin International(2003, Melbourne)
Business Intelligence Solutions
Idera
31 Jan 2022
Dist(2018, Gymea)
Cloud based container distribution solution provider
Octopus Deploy

Recent News (1/2)
Recent News in Australia & New Zealand Tech in January 2022
Australia & New Zealand Tech:News
17
Exit News
.
● IBM Acquires Envizi to Help Organizations Accelerate Sustainability Initiatives
and Achieve Environmental Goals CNW
.
● AMCS Acquires Utility Billing Software Company Utilibill TELECOMDRIVE
.
● Buy now, pay later firms Zip, Sezzle confirm merger talks Reuters
.
● Garmin acquires Vesper Marine, terms undisclosed Seeking Alpha
.
● Rocket Lab acquires SolAero Holdings for $80M to boost space solar cell
productionTechCrunch
.
● Startups Hungrypanda Acquires Easi To Strengthen Asian Food Delivery
retailnews.asia
.
● London’s learning management system Looop acquired by 360Learning for
$20 million Tech.eu
.
● Hexagon strengthens its life-of-mine solutions portfolio with the acquisition of
MinnovarePR Newswire
.
People News
.
● Sendle appoints first MD for Australia Post&Parcel
.
● Snowflake appoints Sanjay Deshmukh as new Senior Regional Vice President
Express Computer
.
● Whispir appoints Wissner as marketing chief iTWire
.
● Alkami: Announces Alex Shootman as Chief Executive Officer FinTechInShorts
.
Company News
.
● Megaport announces expansion to Mexico to provide Kio Networks with direct
access to networks as a service (Na... Business Wire
.
● Airwallex debuts payment services in Singapore Electronic Payments International
.
● NZ-based healthcare messaging platform Celo Health launches in the US
MobiHealthNews
.
● Pharmaxis Receives Approval For Phase 2 Study Of Its Cancer Drug In Liver
Cancer Proactive
.
● FDA approves Cochlear Nucleus Implant for unilateral hearing loss MassDevice

Explore more on Tracxn
Explore more about Australia & New Zealand Tech on Tracxn Platform
Australia & New Zealand Tech: Explore more on Tracxn Platform
18
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Australia and New Zealand
AI Companies in Australia and New Zealand
Fintech Companies Australia and New Zealand
Consumer Digital in Australia and New Zealand
Company Due Diligence
Detailed profile of Employment Hero
Competitors of Rocket Lab
Cap Tables of Go1
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
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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Tracxn - Geo Monthly - Australia and New Zealand Tech - Jan 2022

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