Tracxn - Geo - Australia & New Zealand Tech - Mar 2021

TRACXN MONTHLY REPORT
MARCH 2021
AUSTRALIA & NEW ZEALAND TECH

Australia and New Zealand Tech - March 2021 Copyright © 2021, Tracxn Technologies Private 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 15
Acquisitions 16
Recent News 19

Australia & New Zealand Tech Snapshot – March 2021
Australia & New Zealand Tech: Snapshot – March 2021
Note : "Investors" refers to "Institutional Investors" only
3
$314M
13 2
Overall Geo Stats
20
22
43
38
22
Funding Rounds $ Invested Analyst Picks
Linktree Upgraded
to SOONICORN
New Investors
d1.ventures
Hitachi Construction
Machinery
Series A+ rounds Active Investors IPOs
Mad Paws
Airtasker
Acquisitions
Xplore Wealth#@
Sensis#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Melbourne
(6 Rounds, $173M)
Brisbane
(4 Rounds, $49.7M)
Sydney
(4 Rounds, $45.2M)
Auckland
(4 Rounds, $45.2M)
$100M - Series D
Airwallex (2015, Melbourne, $502M)
$45M - Series B
Linktree (2016, Melbourne, $55.7M)
$38.7M - Series C
QBiotics (2000, Brisbane, $72.4M)
$34.7M - Series D
Employment Hero (2014, Sydney,
$59.5M)
AirTree Ventures
(2 Investments)
Main Sequence Ventures
(2 Investments)
Equity Venture Partners
(2 Investments)
Insight Venture Partners
(1 Investments)
Payments
Airwallex
Remittance
MarketingTech
Linktree
Wound Care
QBiotics
Market Size
Companies Covered 23,141
Funded Companies 3,316
Total Funding $13.2B
Funding in last 12 months $1.9B
Top Exits
IPOs 377
Acquisitions 785
Company Stage
Unicorns 5
Soonicorns 31
Minicorns 266
Editor Picks 1,476
Series A+ 627
Series C+ 121
Acqui-Hires 9
Deadpooled 1,972
Top Cities
Sydney (841 Rounds, $6.3B)
Melbourne (431 Rounds, $2.5B)
Top Investors
Artesian (110 Investments)
muru-D (63 Investments)

Investment Snapshot
Investment Snapshot of Australia & New Zealand Tech as of March 2021
Australia & New Zealand Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2021)*
Airwallex
(2015, Melbourne, $502M)
$100M - Series D Greenoaks
Linktree
(2016, Melbourne, $55.7M)
$45.0M - Series B Coatue
QBiotics
(2000, Brisbane, $72.4M)
$38.7M - Series C TDM Growth Partners
Employment Hero
(2014, Sydney, $59.5M)
$34.7M - Series D
Salesforce Ventures Impact
Fund
Baraja
(2015, Lindfield, $63.0M)
$31.0M - Series B Hitachi Construction Machinery
Zeller
$25.0M - Series A Addition
Karbon
(2014, Sydney, $20.3M)
$10.0M - Series A Five Elms Capital
ShoreTrade
(2018, Pyrmont, $10.0M)
$8.0M - Series A Investible
VendorPanel
$3.3M - Series B Ord Minnett
smrtr
(2018, Davidson, $2.5M)
$2.5M - Seed Stockland
SubQuery
(2020, , $1.8M)
$1.8M - Seed DeFi Alliance
*Shows only the lead Investors

List of Funding Rounds (1/3)
List of Funding Rounds in Australia & New Zealand Tech in March 2021
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
LATE STAGE
$34.7M - Series D
Employment Hero (2014, Sydney, $59.5M)
Cloud-based human resource management software
SEEK, Salesforce Ventures Impact Fund, One Ventures,
AirTree Ventures
LATE STAGE
$38.7M - Series C
QBiotics (2000, Brisbane, $72.4M)
Developer of small molecules discovered from the
plant extracts
TDM Growth Partners
LATE STAGE
$100.0M - Series D
Airwallex (2015, Melbourne, $502.0M)
Cross-border payment platform for businesses
Greenoaks, Grok Ventures, Skip Capital
LATE STAGE
Series E
Rocket Lab (2007, Auckland, $288.0M)
Developer of launch vehicles
Data Collective
LATE STAGE
PE
LABform (2009, Melbourne)
SaaS-based regulatory solutions for financial
institutions
Costa Asset Management
EARLY STAGE
$3.3M - Series B
VendorPanel (2008, Melbourne, $5.1M)
Source-to-contract platform for government, utilities
and corporates
Ord Minnett, Five V Capital, Equity Venture Partners,
Trent Donnelly, Adrian MacKenzie, and 3 more
EARLY STAGE
$8.0M - Series A
ShoreTrade (2018, Pyrmont, $10.0M)
Online B2B marketplace for seafood
Investible, LUXEM, Vulpes Invest
EARLY STAGE
$10.0M - Series A
Karbon (2014, Sydney, $20.3M)
Cloud-based workflow management software for
accountants
Five Elms Capital
EARLY STAGE
$25.0M - Series A
Zeller (2020, Melbourne, $31.3M)
Online payment solutions for businesses
Addition, Square Peg, Apex Capital

6
EARLY STAGE
$31.0M - Series B
Baraja (2015, Lindfield, $63.0M)
Developer of LiDAR sensors for autonomous vehicles
Blackbird Ventures, HESTA, InterValley Ventures,
Hitachi Construction Machinery, Regal Funds
Management, and 2 more
EARLY STAGE
$45.0M - Series B
Linktree (2016, Melbourne, $55.7M)
Cloud-based link management solutions provider
Coatue, Index Ventures, AirTree Ventures, Insight
Venture Partners
EARLY STAGE
Series A
RapidAIM (2018, Brisbane, $890.9K)
Precision pest management solutions
Tenacious Ventures
EARLY STAGE
Series A
SwarmFarm Robotics (2012, Brisbane, $3.2M)
Provider of autonomous robots for agricultural
applications
The Nature Conservancy
SEED STAGE
$500.0K - Seed
Vloggi (2017, Sydney, $750.0K)
Online crowdsourced video creation platform
SEED STAGE
$1.0M - Seed
CarClarity (2020, Surry Hills, $1.0M)
Comparison platform for car loans
Equity Venture Partners, Uno
SEED STAGE
$1.5M - Seed
LITT (2019, Perth, $1.5M)
Social platform offering live giveaways in AR
SEED STAGE
$1.8M - Seed
SubQuery (2020, , $1.8M)
Blockchain-enabled network for development of dApps
DeFi Alliance, , Hypersphere, Digital Finance Group,
SEED STAGE
$2.5M - Seed
smrtr (2018, Davidson, $2.5M)
Platform providing customer data platform to
enterprises
Stockland
SEED STAGE
$11.0M - Seed
Nourish Ingredients (2020, Brisbane, $11.0M)
Provider of fats and oils made of plant-based
alternative proteins
Main Sequence Ventures, Horizons Ventures

7
SEED STAGE
Seed
BQE Software (1995, Sydney)
Business management software for service providers
Serent Capital
SEED STAGE
Seed
Intrepid Travel (1988, Melbourne)
Provider of tour and travel services
Genairgy
SEED STAGE
Seed
MTB (2012, Truganina)
Online platform offering mountain bike products,
clothes & accessories
Odyssey Private Equity

New Investors (1/2)
List of New Investors in Australia & New Zealand Tech in March 2021
Australia & New Zealand Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
d1.ventures
5 portfolio companies | Limited information available
SubQuery
$1.80M Seed
Hitachi Construction Machinery
2 portfolio companies | Manufacturer of construction equipment
Baraja
$31.00M Series B
The Nature Conservancy
4 portfolio companies | Non-profit environmental organisation
SwarmFarm Robotics
Provider of autonomous robots for agricultural applications
Undisclosed Series A
Ord Minnett
1 portfolio companies | Wealth management firm
VendorPanel
Source-to-contract platform for government, utilities and corporates
$3.34M Series B
LUXEM
1 portfolio companies | LUXEM
ShoreTrade
$8.00M Series A
DeFi Alliance
4 portfolio companies | home - DeFi Alliance
SubQuery
$1.80M Seed
Greenoaks
79 portfolio companies | Stage-agnostic tech-focused VC Firm funding
companies in the US
Airwallex
Cross-border payment platform for businesses
$100M Series D
Salesforce Ventures Impact Fund
5 portfolio companies | Corporate VC focused on impact investing
Employment Hero
$34.65M Series D
thelao.io
4 portfolio companies |
SubQuery
$1.80M Seed
Genairgy
Genairgy – Happiness through sport
Intrepid Travel
Provider of tour and travel services
Undisclosed Seed

New Investors (2/2)
List of New Investors in Australia & New Zealand Tech in March 2021
Australia & New Zealand Tech: List of New Investors
9
Investor Company Info Round Amount Round Name
Uno
1 portfolio companies | Online broker for home loans
CarClarity
$1.00M Seed
InterValley Ventures
1 portfolio companies | Early stage VC fund investing in AI and ML startups
Baraja
$31.00M Series B
Serent Capital
28 portfolio companies | Venture capital firm investing in multiple sectors
BQE Software
Business management software for service providers
Undisclosed Seed
Hypersphere
3 portfolio companies | Hypersphere
SubQuery
$1.80M Seed
Vulpes Invest
11 portfolio companies | Early-stage tech and offline focused VC & PE firm
investing primarily in Asia
ShoreTrade
$8.00M Series A
Coatue
180 portfolio companies | Equity strategy focused hedge fund
Linktree
$45.00M Series B
HESTA
1 portfolio companies | Super fund for health and community services
Baraja
$31.00M Series B
Digital Finance Group
9 portfolio companies | Business group investing in blockchain and digital asset
startups
SubQuery
$1.80M Seed
Addition
19 portfolio companies | Limited information available
Zeller
Online payment solutions for businesses
$25.00M Series A
Stockland
1 portfolio companies | Real estate development and management company
smrtr
Platform providing customer data platform to enterprises
$2.50M 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 -- B2B Remittance $300M 3 Airwallex | $160M | Series D
2 --
Payments > Business Payments > Online Payments >
International
$300M 3 Airwallex | $160M | Series D
3 ▲35 Internet First Solar Financier $176M 2 Brighte | $100M | Series D
4 ▲1 Unified Identity and Access Management $121M 1 Auth0 | $121M | Series F
5 ▲1 PaaS > BaaS > Identity & Access $121M 1 Auth0 | $121M | Series F
6 ▲30 Wound Healing Drugs $63.7M 2 QBiotics | $38.7M | Series C
7 ▼-5 MarketingTech > Content Marketing > Content Creation $60.0M 2 Canva | $60.0M | Series D
8 ▼-5 Online Photos > Editing > Graphic Design Tools $60.0M 1 Canva | $60.0M | Series D
9 --
MarketingTech > Content Marketing > Content
Distribution > Link Management
$55.7M 2 Linktree | $45.0M | Series B
10 ▲27 Online Business Payments $52.3M 7 Airwallex | $160M | Series D

New Analyst Picks (1/4)
Interesting Companies identified by Analysts in Australia & New Zealand Tech in March 2021
Australia & New Zealand Tech: Analyst Picks
11
Upgraded to SOONICORN
Linktree (2016, Melbourne, $10.7M, Series A)
Transition Level, Index Ventures, Insight Venture
Partners and 4 other Investors
Employment Hero (2014, Sydney, $15.3M, Series C)
One Ventures, Partners For Growth, SEEK and 4 other
Investors
Baraja (2015, Lindfield, $32.0M, Series A)
HESTA, Perennial, Blackbird Ventures and 7 other
Investors
QBiotics (2000, Brisbane, $11.6M, Series B)
Developer of small molecules discovered from the
plant extracts
TDM Growth Partnersand
Upgraded to MINICORN
ShoreTrade (2018, Pyrmont, $2.0M, Seed)
Investible,LUXEM,Vulpes Investand
Upgraded to MINICORN
VendorPanel (2008, Melbourne, $1.7M, Series A)
Source-to-contract platform for government, utilities
and corporates
Microequities, Robert Phillpot, Ord Minnett and 9
other Investors
Added to Editor's Pick
RapidAIM (2018, Brisbane, $891K, Seed)
Precision pest management solutions
Future Food Asia,Main Sequence Ventures,Tenacious
Venturesand
LITT (2019, Perth, $1.5M, Seed)
Social platform offering live giveaways in AR
Sunfed World (2016, Auckland, $9.4M, Series A)
Brand of meat products
Quadrant Private Equity,Blackbird Ventures,K1W1
Investmentsand
EisenVault (2014, Delhi, $142K, Seed)
Cloud based document management system
Vidhi Gupta, 10000 Startups, Jwala Prasad Singh and 18
other Investors

12
Amino (2019, Auckland, Unfunded)
Developer of AI and cloud-based edge networks
Wildfire Energy (2016, Brisbane, $100K, Grant (prize
money))
Developer of biomass to syngas conversion technology
Government of Australia,Advance Queenslandand
CarClarity (2020, Surry Hills, $1.0M, Seed)
Uno,Equity Venture Partnersand
LABform (2009, Melbourne, Undisclosed, PE)
SaaS-based regulatory solutions for financial
institutions
Costa Asset Managementand
HAWK (1988, Nunawading, Unfunded)
Manufacturer of cloud-based industrial process
monitoring sensors
Onside (2015, Christchurch, Unfunded)
Provider of property management software for owners
and property managers
New Zealand Growth Capital Partnersand
Edduus (2013, Perth, Unfunded)
AI & blockchain-based platform providing teaching &
learning system
The Gap (2014, Tauranga, Unfunded)
Cloud-based business management and advisory
platform for accounting firms
MyHR (2020, Auckland, Unfunded)
Online HR management solution and HR consulting for
enterprises
Trucell Media (, Parramatta, Unfunded)
Enterprise digital signage platform
Renti (2019, Auckland, Unfunded)
SaaS-driven rental management platform for owners
and property managers
VitalSignRx (2008, Sydney, Unfunded)
Provider of a SaaS-based practice management
software for healthcare organizations

13
Energesse (2012, Sydney, Unfunded)
Cloud-based patient and population health
management software for healthcare organizations
dataSights (2016, Brisbane, Unfunded)
Cloud-based financial data consolidation and reporting
solution for businesses
Vet Radar (2018, Auckland, Unfunded)
Developer of cloud-based workflow management
software for vets
Australian Money Market (2007, Brisbane,
Unfunded)
Online direct investment marketplace for investing in
retail term deposits
Cogniom (2018, Brisbane, Unfunded)
Business data driven decision making platform
Yegal (2017, Sydney, Unfunded)
Enterprise on-demand paralegals marketplace provider
HtAG (2018, Annandale, Unfunded)
Property market analytics platform for home buyers,
investors & real estate professionals
Scanoma (2019, Perth, Unfunded)
Provider of an AI-based mobile app for monitoring skin
problems
Werkflo (2020, Sydney, Unfunded)
Trade management software suite for capital markets
TeleMedC (2014, Darra, Unfunded)
AI-based diagnostic solutions for retinal imaging and
eye screening
Work Points Play (2015, Melbourne, Unfunded)
Cloud-based employee recognition software for
enterprises
Relialytics (2018, Brisbane, Unfunded)
Cloud-based preventative maintenance platform for
the mining industry

14
Repfiniti (2018, Sydney, Unfunded)
AI-based platform offering fitness training solutions
COVIDSafe (, Canberra, Unfunded)
Mobile-based application for monitoring social
distancing through contact tracing
Checkliso (2020, Tauranga, Unfunded)
Provider of workplace safety management app for
COVID-19 restrictions
MTMO (, Sydney, Unfunded)
Cloud-based SMS marketing solutions provider

IPO Date Company IPO Mcap Exchange Ticker
26 Mar 2021
Mad Paws (2014, Sydney, $7.1M)
Open Marketplace for petsitters
$0.0B ASX:MPA
23 Mar 2021
Airtasker (2012, Sydney, $56.2M)
Online platform to hire local service professionals
$0.2B ASX:ART
IPOs
List of IPOs in Australia & New Zealand Tech in March 2021
Australia & New Zealand Tech: IPOs
15

Acquisitions (1/3)
List of Acquisitions in Australia & New Zealand Tech in March 2021
Australia & New Zealand Tech: Acquisitions
16
Acq. Date Company Acquirer Deal Size
01 Mar 2021
Xplore Wealth(2004, Sydney)
Practice management software
HUB24
01 Mar 2021
Sensis(2011, Melbourne)
Marketing services provider
Thryv
03 Mar 2021
Viostream(2002, Sydney, $8.0M)
Provides enterprise video streaming solutions
Blume Ventures
03 Mar 2021
Auth0(2013, Bellevue, $332.7M)
Cloud-based solutions for secure access control
Okta $6500.0M
05 Mar 2021
ArborSafe(2005, Mornington)
Provider of tree management systems
Civica
07 Mar 2021
Intrahealth(1997, Kogarah)
Provides clinical & practice management software
WELL Health $19.3M
08 Mar 2021
Alcami Interactive(2014, Sydney)
On-demand video interviewing solution for enterprises
Criteria Corp
11 Mar 2021
Seequent(2004, Christchurch)
Develops data visualization software
Bentley Systems $900.0M
17 Mar 2021
Intergrid(2014, Hornsby)
Colocation with DC Bare metal servers
5G Networks $3.0M
18 Mar 2021
Neto(2009, Brisbane)
Provider of suite solutions for B2B eCommerce
Maropost $60.0M

Acquisitions (2/3)
17
18 Mar 2021
Tantalus(1994, Fitzroy)
Video game devloperspecializing in core games
Keywords
19 Mar 2021
Oculo(2015, Melbourne)
Clinical communication platform for eye care professionals
Revenio
23 Mar 2021
Fitness Outcomes(2002, South Yarra)
Platform offering fitness meals delivery
Patties Foods
23 Mar 2021
PoweredLocal(2013, Prahran)
Customer location intelligence solutions provider
Hownd
24 Mar 2021
Earnd(2018, Sydney, $2.5M)
Financial wellness program for employees
Wagestream
24 Mar 2021
Ninja Kiwi(2006, Auckland)
Video Game developer targeting Mobile and Web platforms
25 Mar 2021
Helio Lending(2017, Melbourne)
Cryptocurrency-backed lending platform
CYIOS Corporation
27 Mar 2021
AviationTrader.com.au(1988, Hamilton Island)
Online marketplace for aircraft purchase
Sandhills Global
29 Mar 2021
Mortgage Choice Aust(1994, Sydney)
Financial products comparison platform.
REA Group $244.0M
30 Mar 2021
Uprise(2015, Kensington And Norwood, $0.3M)
Developer of a platform for mental wellness using AI
Integrated Behavioral Health

Acquisitions (3/3)
18
30 Mar 2021
Get Palace(1997, Auckland)
Property Management Software for real estate professionals.
MRI Software
31 Mar 2021
Baileys(1926, Kwinana)
Online platform offering farm inputs for residential and
commercial purposes
Love The Garden

Recent News (1/2)
Recent News in Australia & New Zealand Tech in March 2021
Australia & New Zealand Tech:News
19
Exit News
.
● Okta seizes Auth0 authentication platform for $ 6.5 billion Usine Digitale
.
● Rocket Lab to go public via a SPAC merger. PageOne
.
● Xero acquires Danish workforce management platform Planday ChannelLife
.
● Rocket Lab Nears Deal to Merge With Vector SPAC The Wall Street Journal
.
● Keywords Studios buys 85% stake in Tantalus Media for USD47 million
Morningstar
.
● Yellow Pages owner Sensis just sold for $260 million to a Nasdaq-listed US
software supplier Startup Daily
.
● Ceridian to Acquire Ascender, a Leading Human Capital Management Provider
Across 30 Countries in Asia Pacific ... Calgary Herald
.
● Sweden's MTG to buy New Zealand-based Ninja Kiwi for up to $186 million
Reuters
.
People News
.
● Snowflake appoints ex-VMware executive as APJ president ChannelLife
● Cyara Exceeds Growth Goals by 35%, Appoints New EMEA VP and Expands
Global Partner Program devops.com
.
Company News
.
● Sirtex Medical announces new SIR-Spheres® DOORwaY-90 Study: The first
prospective multicenter U.S.-based trial...CNW

Explore more on Tracxn
Explore more about Australia & New Zealand Tech on Tracxn Platform
Australia & New Zealand Tech: Explore more on Tracxn Platform
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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 Airwallex
Competitors of Canva
Cap Tables of Rocket Lab
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
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Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
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Upcoming Events
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Tracxn Blog
Global Sector Landscape

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