PitchBook: Australian startups raised $3.4B in 2024, down from 2021's $6.5B peak; 39% of early-stage capital in Australia came from overseas vs. 21% in the US (Benicia Tan/Bloomberg)

Benicia Tan / Bloomberg:
PitchBook: Australian startups raised $3.4B in 2024, down from 2021's $6.5B peak; 39% of early-stage capital in Australia came from overseas vs. 21% in the US  —  Australian startups lag far behind the US and China in funding raised despite the country's historical effectiveness at creating unicorns.