ANZ Tech Monthly Report: $356M Invested in May 2021

TRACXN MONTHLY REPORT
MAY 2021
AUSTRALIA & NEW ZEALAND TECH

Australia and New Zealand Tech - May 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 16
Acquisitions 17
Recent News 18

Australia & New Zealand Tech Snapshot – May 2021
Australia & New Zealand Tech: Snapshot – May 2021
Note : "Investors" refers to "Institutional Investors" only
3
$356M
15 1
Overall Geo Stats
20
10
68
52
29
Funding Rounds $ Invested Analyst Picks
Stake Upgraded to
SOONICORN
New Investors
Brex
commencer.com
Series A+ rounds Active Investors IPOs
EonX
Acquisitions
SmartCap
Technologies#@
Medipass#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Sydney
(10 Rounds, $152M)
Melbourne
(6 Rounds, $50.9M)
Brisbane
(3 Rounds, $14.5M)
Auckland
(1 Rounds, $6M)
$90M - Series D
Athena (2017, Sydney, $200M)
$76.5M - Series C
SafetyCulture (2004, , $262M)
$40M - Series C
Stake (2009, Sydney, $40M)
$25M - Series B
mx51 (2020, , $25M)
AirTree Ventures
(3 Investments)
Carthona Capital
(3 Investments)
Tiger Global Management
(2 Investments)
CommBank
(2 Investments)
Alternative Lending
Athena
Field Force Automation
SafetyCulture
GRC Software
Investment Tech
Stake
Market Size
Companies Covered 24,420
Funded Companies 3,433
Total Funding $13.5B
Funding in last 12 months $2.2B
Top Exits
IPOs 387
Acquisitions 809
Company Stage
Unicorns 4
Soonicorns 32
Minicorns 281
Editor Picks 1,579
Series A+ 646
Series C+ 125
Acqui-Hires 9
Deadpooled 2,049
Top Cities
Sydney (863 Rounds, $6.6B)
Melbourne (437 Rounds, $2.1B)
Top Investors
Artesian (114 Investments)
muru-D (62 Investments)

Investment Snapshot
Investment Snapshot of Australia & New Zealand Tech as of May 2021
Australia & New Zealand Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (May 2021)*
Athena
(2017, Sydney, $200M)
$90.0M - Series D Square Peg
SafetyCulture
(2004, , $262M)
$76.5M - Series C Insight Venture Partners
Stake
(2009, Sydney, $40.0M)
$40.0M - Series C Tiger Global Management
mx51
(2020, , $25.0M)
$25.0M - Series B Mastercard
Little Birdie
(2020, Melbourne, $23.2M)
$23.2M - Series B CommBank
Amber Electric
(2017, Melbourne, $32.5M)
$20.0M - Series B CommBank
Zoomo
(2017, Sydney, $28.0M)
$12.0M - Series A AirTree Ventures
Comestri
(2018, Carlingford, $11.7M)
$11.7M - Series B Moelis Australia
Pyn
(2019, Sydney, $10.2M)
$8.0M - Seed Andreessen Horowitz
Console
(1992, Brisbane, $7.5M)
$7.5M - Series B Pipeline Capital
Portainer
(2016, Auckland, $7.2M)
$6.0M - Series A Bessemer Venture Partners
*Shows only the lead Investors

List of Funding Rounds (1/3)
List of Funding Rounds in Australia & New Zealand Tech in May 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
$40.0M - Series C
Stake (2009, Sydney, $40.0M)
Trading platform for stocks & ETFs
Tiger Global Management, Zego, Funding Circle, Brex,
Checkout.com
LATE STAGE
$76.5M - Series C
SafetyCulture (2004, , $261.7M)
Mobile audit solution for workplace safety
management
Insight Venture Partners, Index Ventures, Blackbird
Ventures, Tiger Global Management
LATE STAGE
$90.0M - Series D
Athena (2017, Sydney, $200.0M)
Online mortgage platform for home loans
Square Peg, AustralianSuper, Macquarie, Apex Capital,
Hostplus, and 3 more
EARLY STAGE
$2.5M - Series A
Josef (2017, Melbourne, $3.5M)
Legal automation platform
Carthona Capital, LegalTech
EARLY STAGE
$4.0M - Series A
Qsic (2012, Melbourne, $4.0M)
Music streaming solutions for businesses
Carthona Capital
EARLY STAGE
$5.0M - Series A
Travello (2014, Brisbane, $9.9M)
Online platform to book outdoor tours & activities
Andrew McEvoy, Jim Goldburg, Phil Gunter
EARLY STAGE
$5.0M - Series A
eleXsys (2012, Enoggera, $5.0M)
Provider of AI-driven smart grid solutions
Angel Investment Network
EARLY STAGE
$5.4M - Series A
iVvy (2009, Varsity Lakes, $6.8M)
Cloud-based event venue management software
provider
Thorney Investment Group
EARLY STAGE
$6.0M - Series A
Portainer (2016, Auckland, $7.2M)
Open source based management UI for Docker host or
Swarm cluster
Bessemer Venture Partners, Movac, Sonae IM
EARLY STAGE
$7.5M - Series B
Console (1992, Brisbane, $7.5M)
Cloud-based property management and trust
accounting software
Pipeline Capital, Macquarie Group

6
EARLY STAGE
$11.7M - Series B
Comestri (2018, Carlingford, $11.7M)
Platform offering eCommerce solution to merchants to
sell their products
Moelis Australia
EARLY STAGE
$12.0M - Series A
Zoomo (2017, Sydney, $28.0M)
Developer of electric bicycles
AirTree Ventures, CEFC, Maniv Mobility, Wisdom VC,
Contrarian Ventures, and 1 more
EARLY STAGE
$20.0M - Series B
Amber Electric (2017, Melbourne, $32.5M)
Power distribution company
CommBank
EARLY STAGE
$23.2M - Series B
Little Birdie (2020, Melbourne, $23.2M)
Online platform offering vouchers and prizes
CommBank
EARLY STAGE
$25.0M - Series B
mx51 (2020, , $25.0M)
Merchant acquiring solutions for banks
Mastercard, , Artesian, Acorn Capital
SEED STAGE
$170.0K - Seed
Livac Pty (2010, Melbourne, $170.0K)
A retraction device which retracts the liver in
laparoscopic surgery
Southern Angels
SEED STAGE
$196.1K - Seed
Greener (2006, Sydney, $196.1K)
Provider of solutions to offset the carbon footprint
SEED STAGE
$1.0M - Seed
Unhedged (2020, Sydney, $1.0M)
AI-based algorithmic investment platform and hedge
fund strategies for investors
SEED STAGE
$1.0M - Seed
Subly (2020, Sydney, $1.2M)
Video subtitling solutions provider
AI Startup Incubator, Loyal VC, Wayra
SEED STAGE
$1.0M - Seed
Rental Heroes (2018, Melbourne, $1.0M)
SaaS-driven maintenance management software for
properties
Investible, Hustle Fund, Artesian, Morten Birk Belling

7
SEED STAGE
$1.8M - Seed
LawVu (2015, Tauranga, $8.0M)
Legal project management tool
Shasta Ventures, AirTree Ventures, New Zealand
Growth Capital Partners
SEED STAGE
$2.0M - Seed
PetCloud (2014, Brisbane, $2.0M)
App-based marketplace for pet care services
SEED STAGE
$3.0M - Seed
Driva (2019, , $3.0M)
Online lending marketplace for auto financing
Carthona Capital, Stephen Dash, Nicolas Scudamore-
Smith
SEED STAGE
$4.0M - Seed
Kanopi (2019, Collingwood, $4.0M)
Software suite for the insurance industry
Holland Insurance Group, Folklore Ventures, Paul
Hunyor
SEED STAGE
$8.0M - Seed
Pyn (2019, Sydney, $10.2M)
Employee communication tool
Andreessen Horowitz, Accel, Ryan Sanders, Scott
Farquhar
SEED STAGE
Seed
handle.fi (2020, Sydney)
Online exchange platform for multi-currency stable
coins
Kosmos, , YBB Foundation, Blockpact, , and 12 more
SEED STAGE
Seed
eleXsys (2012, Enoggera, $5.0M)
Green Angel Syndicate
SEED STAGE
Seed
Sophisticated Cocktail (2020, Sydney)
Platform offering ready-to-drink cocktails
SEED STAGE
Seed
QuickaPay (2019, Sydney)
Invoice management software for businesses
Thorn Group

New Investors (1/2)
List of New Investors in Australia & New Zealand Tech in May 2021
Australia & New Zealand Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Brex
3 portfolio companies | Corporate credit card and expense management
solutions for businesses
Stake
$40.00M Series C
commencer.com
1 portfolio companies |
mx51
$25.00M Series B
Kosmos
4 portfolio companies | Venture capital fund investing in blockchain-based
startups
handle.fi
Online exchange platform for multi-currency stable coins
Undisclosed Seed
YBB Foundation
4 portfolio companies | Venture capital firm investing in early stage blockchain
startups
handle.fi
Undisclosed Seed
Thorn Group
1 portfolio companies | SMEs loans provider
QuickaPay
Undisclosed Seed
Sonae IM
32 portfolio companies | Tech focused VC firm investing in geographies such as
Portugal and the US
Portainer
Open source based management UI for Docker host or Swarm cluster
$6.00M Series A
Mastercard
59 portfolio companies | Payment card network for businesses
mx51
$25.00M Series B
Wisdom VC
4 portfolio companies | VC firm investing in early-stage planetary health
startups
Zoomo
Developer of electric bicycles
$12.00M Series A
Southern Angels
1 portfolio companies | Angel network focused on multiple sectors
Livac Pty
A retraction device which retracts the liver in laparoscopic surgery
$170K Seed
genblock.capital
7 portfolio companies |
handle.fi
Undisclosed Seed

New Investors (2/2)
List of New Investors in Australia & New Zealand Tech in May 2021
Australia & New Zealand Tech: List of New Investors
9
Investor Company Info Round Amount Round Name
Double Peak
1 portfolio companies | Single family office investing in multiple sectors
handle.fi
Undisclosed Seed
Angel Investment Network
11 portfolio companies | Private market investment platform
eleXsys
$5.02M Series A
Exnetwork Capital
3 portfolio companies | Exnetwork Capital
handle.fi
Undisclosed Seed
Wayra
8 portfolio companies | Sector agnostic startup accelerator
Subly
$1.00M Seed
Sunsuper
1 portfolio companies | Superannuation fund in Australia
Athena
Online mortgage platform for home loans
$90.00M Series D
Animocabrands
19 portfolio companies | Mobile games developer focusing on franchise based
casual games
handle.fi
Undisclosed Seed
LegalTech
2 portfolio companies | Provider of legal services
Josef
$2.50M Series A
Loyal VC
12 portfolio companies | Venture capital fund investing in tech startups
Subly
$1.00M Seed
OKEX
18 portfolio companies | Exchange platform for cryptocurrencies
handle.fi
Undisclosed Seed
Zego
1 portfolio companies | Online usage-based auto insurance provider for
individuals & fleet owners
Stake
$40.00M Series C

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 ▲39 Internet First Solar Energy Projects Financing $176M 2 Brighte | $100M | Series D
2 -- Continuous Deployment $173M 1 Octopus Deploy | $173M | Series D
3 -- Continuous Deployment $173M 1 Octopus Deploy | $173M | Series D
4 ▲6 Workforce Health & Safety Compliance $147M 3 SafetyCulture | $76.5M | Series C
5 ▲6 Field Safety and Inspection $147M 3 SafetyCulture | $76.5M | Series C
6 ▼-2 Graphic Design Tools $131M 2 Canva | $71.0M | Series E
7 -- Unified Identity and Access Management $121M 1 Auth0 | $121M | Series F
8 <> 0 Internet First Residential Mortage Loans $90.0M 1 Athena | $90.0M | Series D
9 ▲52 Online Business Payments $64.8M 6 Zeller | $25.0M | Series A
10 ▲28 Wound Healing Drugs $63.7M 2 QBiotics | $38.7M | Series C

New Analyst Picks (1/5)
Interesting Companies identified by Analysts in Australia & New Zealand Tech in May 2021
Australia & New Zealand Tech: Analyst Picks
11
Upgraded to SOONICORN
Stake (2009, Sydney, $40.0M, Series C)
Checkout.com, Tiger Global Management, Brex and 3
other Investors
Upgraded to MINICORN
Console (1992, Brisbane, $7.5M, Series B)
Cloud-based property management and trust
accounting software
Valor Equity Partners,Pipeline Capital,Macquarie
Groupand
LawVu (2015, Tauranga, $1.8M, Seed)
Legal project management tool
AirTree Ventures,New Zealand Growth Capital
Partners,Shasta Venturesand
Qsic (2012, Melbourne, $4.0M, Series A)
Music streaming solutions for businesses
Carthona Capitaland
Josef (2017, Melbourne, $1.0M, Seed)
Carthona Capital, Startmate, Jelix and 3 other Investors
Pyn (2019, Sydney, $2.2M, Seed)
Employee communication tool
Accel, Scott Farquhar, Skip Capital and 3 other
Investors
iVvy (2009, Varsity Lakes, $1.2M, Angel)
Cloud-based event venue management software
provider
Thorney Investment Group,Springboard Enterprisesand
mx51 (2020, , $25.0M, Series B)
Mastercard, Acorn Capital, Rampersand and 3 other
Investors
Little Birdie (2020, Melbourne, $23.2M, Series B)
Online platform offering vouchers and prizes
CommBankand

12
NanoLayr (2009, Auckland, $6.0M, Series A)
Provider of ceramic nanofibers
Tin Shed Ventures, Movac, Elizabeth Hagans and 8
other Investors
Kanopi (2019, Collingwood, $4.0M, Seed)
Software suite for the insurance industry
Holland Insurance Group,Folklore Ventures,Paul
Hunyorand
Added to Editor's Pick
Vantari VR (2018, Sydney, Undisclosed, Seed)
Provider of VR based surgical planning solutions for
healthcare professionals
Slingshot, Epic Games, HCF and 3 other Investors
2XU (2005, Melbourne, Undisclosed, PE)
Internet first brand offering performance sportswear
for men and women
L Catterton,Tanarra Capitaland
QuickaPay (2019, Sydney, Undisclosed, Seed)
Antler,LVT Capital,Thorn Groupand
PetCloud (2014, Brisbane, $2.0M, Seed)
App-based marketplace for pet care services
Livac Pty (2010, Melbourne, $170K, Seed)
A retraction device which retracts the liver in
laparoscopic surgery
Springboard Enterprises,Southern Angelsand
Rush Gold (2016, Sydney, Unfunded)
App-based alternative investment platform focused on
gold investments
Rental Heroes (2018, Melbourne, $1.0M, Seed)
SaaS-driven maintenance management software for
properties
Artesian, Morten Birk Belling, Investible and 2 other
Investors
Applied EV (2015, Croydon North, $2.0M, Grant
(prize money))
Developer of programmable and autonomous-solar
powered electric vehicle platform
Investible,Australian Renewable Energy Agencyand

13
handle.fi (2020, Sydney, Undisclosed, Seed)
Online exchange platform for multi-currency stable
coins
OKEX, Double Peak, LD Capital and 15 other Investors
Mapizy (2014, Perth, Unfunded)
Provider of property analytics solution for residential
and commercial properties
AgriStartand
HempGro (2018, Busselton, Unfunded)
Producer of hemp seeds
AgriStartand
Property Space (2010, Sydney, Unfunded)
Provider of rental management software for owners
and rental managers
AssetWhere (2020, Sydney, Unfunded)
Cloud-based digital twin-based building management
solution for commercial spaces
Med Estate (2016, Gold Coast, Unfunded)
Online clinical treatment rooms searching tool for
healthcare professionals
Incisive Medical Systems (1984, Christchurch,
Unfunded)
Online administrative task management software for
healthcare organizations and providers
Cordel (2012, Newcastle, Unfunded)
AI-enabled platform offering track monitoring and
inspection solutions
EUX (2020, Sydney, Unfunded)
Cloud-based data analytics software solution provider
CapitalFX (2010, Sydney, Unfunded)
Online trading platform for capital market assets
3DAnatomica (2015, Sydney, Unfunded)
Online e-learning tool for healthcare professionals
zenphi (2020, Melbourne, Unfunded)
Cloud-based no-code business workflow automation
software provider

14
Driiv (, Gold Coast, Unfunded)
SaaS-driven advertising management solution for auto
dealers
MakerBot (2009, Scoresby, Unfunded)
Manufacturer of diversified cloud-based 3D printing
solutions
Zipline (2020, Newcastle, Unfunded)
Platform offering solutions for lead generation
Telo (2018, Auckland, Unfunded)
Platform offering conversational analytics solutions
AURA Health (2013, Port Noarlunga, Unfunded)
Online practice management software for healthcare
professionals
Xempla (2018, Melbourne, Unfunded)
Provider of maintenance management software for
commercial spaces
Caia (2019, Sydney, Unfunded)
Online community platform for women to discuss
reproductive problems
Clever Planning with Geology (2020, Glenelg,
Unfunded)
Provider of a cloud-based digital twin for the earth
Canada Trials (2005, Unfunded)
Online information platform for clinical trials
Konnekt (2013, Chelsea, Unfunded)
Online platform providing communication services for
seniors and disabled people
Pro Cloud SaaS (2020, Sydney, Unfunded)
Cloud-based IT software reseller
5s Systems (2019, Christchurch, Unfunded)
Cloud-based low code business process management
system

15
SAM (2019, Sydney, Unfunded)
AI-based platform offering sales analytics solutions to
enterprises
The Paediatric Nurse (2015, Southport, Unfunded)
Social networking platform for pediatric healthcare
professionals
Funeral Buddy (, Brisbane, Unfunded)
Cloud-enabled platform offering solutions for funeral
homes
iNSPIRETEK (2020, Brisbane, Unfunded)
Mobile-based application for fitness and health
monitoring
Xpon (2019, Sydney, Unfunded)
Cloud-based customer data platform
Bidio.ai (2020, Melbourne, Unfunded)
Cloud and AI-based software for procurement
management
EZFacility (2003, Unfunded)
Provider of fitness center management software for
professionals
Swift (, Melbourne, Unfunded)
Developer of a device for the treatment of HPV warts
Conjoint.ly (2013, Sydney, Unfunded)
Cloud-based survey building software solution provider

IPO Date Company IPO Mcap Exchange Ticker
27 May 2021
EonX (2014, Camberwell, )
Loyalty program and payment solution for consumers and
businesses
CSE:EONX
IPOs
List of IPOs in Australia & New Zealand Tech in May 2021
Australia & New Zealand Tech: IPOs
16

Acquisitions
List of Acquisitions in Australia & New Zealand Tech in May 2021
Australia & New Zealand Tech: Acquisitions
17
Acq. Date Company Acquirer Deal Size
05 May 2021
SmartCap Technologies(2011, Brisbane)
Fatigue Monitoring system
Wenco
10 May 2021
Medipass(2015, Melbourne)
An price transperency solution for practitioners, patients, and
insurers in the healthcare booking and payments market
Tyro $22.5M
10 May 2021
Whitecoat(2013, Sydney)
Online platform to book appointment with doctors
11 May 2021
InteractSport(1999, Melbourne)
Online competition and participant management systems for
sports organizations
Sportradar
18 May 2021
Soprano Design(1994, Sydney)
Enterprise mobile messaging application
LINK Mobility $434.6M
18 May 2021
Timely App(2012, Dunedin, $6.1M)
Cloud-based appointment and billing management solution
EverCommerce
21 May 2021
ehub Health(2016, Sydney)
Online mental health training programs for employees
Dialogue
24 May 2021
TimeBase(1995, Sydney)
Cloud-based legal search engine provider for Australian legislation
FiscalNote
26 May 2021
Scancam(2013, Perth, $0.5M)
Provider of anti fuel theft technology
SenSen $6.5M
27 May 2021
Loadshift(2007, Windsor)
Online marketplace for heavy haulage services
Freelancer $5.9M

Recent News (1/2)
Recent News in Australia & New Zealand Tech in May 2021
Australia & New Zealand Tech:News
18
Exit News
.
● Australia Stock Exchange listed BNPL Fintech Zip to Acquire Twisto, UAE’s
Spotii Crowdfund Insider
.
● Auth0 CEO Eugenio Pace on the $6.5 billion deal with Okta and his advice for
entrepreneursGeekWire
.
● Wenco acquires SmartCap miningmagazine.com
.
● PEXA shareholder Link says KKR offers over $2.3 billion deal for realty firm
Reuters
.
● Dialogue Makes Acquisition As Fellow Québec Startup Foko Retail Bought By
Michigan-based Firm BetaKit
.
● iVvy Announces AUD$7m (U.S. $5.4m) pre-IPO Investment Round to
Accelerate Global Growth PR Newswire
.
● NZ's Timely bought by US-based EverCommerce Reseller
.
● Sportradar to acquire InteractSportResearch Live
.
People News
.
● eCommerce Industry Veteran Bob Schwartz Joins Marketplacer Board of
Directors Business Wire
.
● Customer Experience Personalization Innovator, Fanplayr, Announces
Appointment of Three New Board Members eNewsChannels
.
● Emersion makes ‘aggressive’ partner push with Vai Le as first channel chief
Reseller
.
● Richelle Parham named President of Global E-Commerce and Business
Development at Universal Music Group Music Business Worldwide

Explore more on Tracxn
Explore more about Australia & New Zealand Tech on Tracxn Platform
Australia & New Zealand Tech: Explore more on Tracxn Platform
19
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 Canva
Competitors of Rocket Lab
Cap Tables of SafetyCulture
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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ANZ Tech Monthly Report: $356M Invested in May 2021

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ANZ Tech Monthly Report: $356M Invested in May 2021