Australia is home to a thriving startup ecosystem, and over the past few years, a number of local companies have achieved unicorn status, with valuations of over $1 billion.
One of the most well-known unicorn startups in Australia is Canva, a graphic design platform that allows users to create professional-quality designs without any prior design experience. Founded in 2012, the company has a valuation of $15.2 billion and has become a major player in the design software industry.
Another Australian unicorn startup is Atlassian, a software company that offers tools for project management, collaboration, and issue tracking. Founded in 2002, the company has a valuation of $13.3 billion and is used by millions of teams around the world.
Top 20 Unicorns Startups in Australia
Here are the top 20 unicorn startups in Australia, based on their valuation:
- Canva: Canva is a graphic design platform that allows users to create professional-quality designs without any prior design experience. Valuation: $15.2 billion.
- Atlassian: Atlassian is a software company that offers tools for project management, collaboration, and issue tracking. Valuation: $13.3 billion.
- Prospa: Prospa is an online lender that provides small business loans. Valuation: $1.3 billion.
- Airwallex: Airwallex is a financial technology company that provides cross-border payment solutions for businesses. Valuation: $1.6 billion.
- Deputy: Deputy is a cloud-based employee scheduling and time and attendance management platform. Valuation: $1.2 billion.
- Airtasker: Airtasker is an online and mobile marketplace that allows users to outsource tasks and find local services. Valuation: $1 billion.
- Brighte: Brighte is a financial technology company that provides home improvement financing for homeowners. Valuation: $1 billion.
- Redbubble: Redbubble is an online marketplace for artists and designers to sell their products, including clothing, accessories, and home decor. Valuation: $1 billion.
- SafetyCulture: SafetyCulture is a safety and quality management platform for businesses. Valuation: $1 billion.
- OpenAgent: OpenAgent is a real estate platform that helps homeowners find the best real estate agents in their area. Valuation: $1 billion.
- Expert360: Expert360 is a platform that connects businesses with freelancers and consultants. Valuation: $1 billion.
- Tyro Payments: Tyro Payments is a provider of EFTPOS terminals and merchant services for small and medium-sized businesses. Valuation: $1 billion.
- Karbon: Karbon is a cloud-based practice management platform for small and medium-sized accounting firms. Valuation: $1 billion.
- CultureAmp: CultureAmp is a platform for employee feedback and performance management. Valuation: $1 billion.
- BRICKX: BRICKX is an online platform for investing in residential property. Valuation: $1 billion.
- Hireup: Hireup is a platform for finding and booking disability support workers. Valuation: $1 billion.
- Invoice2go: Invoice2go is an invoicing and expense tracking app for small businesses. Valuation: $1 billion.
- HealthEngine: HealthEngine is a platform that helps patients find and book healthcare appointments. Valuation: $1 billion.
- Huddle: Huddle is a cloud-based collaboration platform for businesses. Valuation: $1 billion.
- GoCardless: GoCardless is a direct debit payment processing platform for businesses. Valuation: $1 billion.
These are just a few examples of the thriving unicorn startups in Australia. The country has a strong entrepreneurial culture and a supportive ecosystem for startups, which has contributed to the success of these companies. It is likely that more Australian startups will achieve unicorn status in the coming years.
Overall, the success of these unicorn startups in Australia shows the potential for high-value businesses to emerge in markets outside of Silicon Valley. As the startup ecosystem continues to mature in Australia, it will be interesting to see which companies will rise to the top and achieve unicorn status.