Startup investment continues to rise in 2020

By Dynamic Business · 30 July 2020 · Featured

Startup investment continues to rise in 2020

Australian Startups Receive Record Investment

Despite the pandemic, Australian startups saw a significant surge in venture capital investments in 2020. But what drove this unexpected boom, and what does it mean for the future of the industry?

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Summary

Startup investment in Australia hit new highs over the first six months of 2020, reaching US$944.7 million, up from US$627.3 million in H1 2019, according to KPMG’s Venture Pulse report. Despite the effects of the global pandemic, a record amount of venture capital was invested into Australian startups, with 92 deals recorded so far […]