Aussie unicorn Canva acquires Pexels and Pixabay to become the “Netflix of stock photography”
Aussie billion-dollar startup Canva has continued to grow with a pair of new acquisitions, snapping up free stock photography websites Pexels and Pixabay. The company has also announced a new “Netflix for stock photography” service called Photos Unlimited, which provides users access to a massive library of stock photography via a monthly paid subscription. Speaking to StartupSmart, co-founder Melanie Perkins said the stock photography space was an area the design startup has been interested in for a long time, and has been “on the lookout” for more high-quality designs to provide Canva users access too.
© Provided by Private Media Operations Pty Ltd. Australian startups
Today, 52 companies founded by Australians since 2011 are worth more than $ 100 million . These unicorn startups are the very first companies to receive billion-dollar valuations Last year , CB Insights tallied the odds of becoming a unicorn — a company valued at billion or more — at under 1
Today, 52 Australian startups founded since 2011 are worth more than $ 100 million . “We believe that over the next five years a new group of world-class Internet and software companies will be formed in Well north of billion of enterprise value has been created by Aussie fintechs since 2011 .
In 2012, the information memorandum for Blackbird VC’s first fund included this line: © Provided by Private Media Operations Pty Ltd.
“We believe that over the next five years a new group of world-class Internet and software companies will be formed in Australia.”
Let me quantify just how accurate that prediction was.
Today, 52 companies founded by Australians since 2011 are worth more than $100 million. Fourteen companies are worth more than $500 million.
Six — Afterpay, Airwallex, Canva, ZipMoney, Zoox and 10X Genomics — are worth more than $1 billion.
$4 million in jewels destined for Rita Ora left on plane
The jewels were later returned to Nice, France after the gaffe was realized.
This year , with the help of TrueBridge Capital Partners, we scoured the country again for budding unicorns . TrueBridge analyzed the finances of more than 150 startups , then our reporters dug deeper. That research caught problems at San Francisco-based Cleo
We have used them for a long time now and over time more of our Aperion Law is proud to have become an Industry partner of Startup Victoria. Startup Vic does great work in building and supporting the startup community in
Australia is currently producing a unicorn a year.
2011: Canva © Provided by Private Media Operations Pty Ltd.
2012: 10x Genomics
2014: Zoox and Afterpay
Looking just at the top 52 companies, they represent a combined enterprise value of more than $30 billion and the creation of 10,000 new jobs. © Provided by Private Media Operations Pty Ltd.
Fintech is a clear strength of startupland. Well north of $12 billion of enterprise value has been created by Aussie fintechs since 2011. Fintechs make up 29% of the companies on the list.
PNG PM denies being Australian citizen
Papua New Guinea's prime minister has denied he's an Australian citizen after questions about his eligibility to hold office. Papua New Guinea's prime minister has told a court he's never been an Australian citizen amid questions about h Attorney-General Alfred Manase this week launched a probe into the citizenship of all 111 sitting members of PNG's parliament after outspoken opposition politician Bryan Kramer alleged PM Peter O'Neill held dual Australian citizenship through his Melbourne-born father.
A unicorn a year : More than 50 Australian startups founded since 2011 are valued over $ 100 million . In 2012, the information memorandum for Blackbird VC’s first fund included this line: “We believe that over the next five years a new g…
But Australia ’s richest 200 have also managed to significantly increase their wealth in just the past 12 months, with last year ’s list reporting a total wealth of 2.7 billion. NOW READ: A unicorn a year : More than 50 Australian startups founded since 2011 are valued over $ 100 million .
© Provided by Private Media Operations Pty Ltd. Atlassian
Atlassian’s founders Mike Cannon-Brookes and Scott Farquhar. Source: Supplied.
Software-as-a-Service (SaaS) is the other Aussie strength (thanks Mike Cannon-Brookes and Scott Farquhar for paving the way).
The Aussie SaaS startups on this list have created $6.5 billion of enterprise value since 2011. They make up 35% of the companies on the list, and Blackbird is proud to be an investor in six of the top seven.
Aussie direct-to-consumer (D2C) companies have created $3.9 billion of enterprise value since 2011. They make up 23% of the companies on the list.
“We have a lot to lose”: New fintech minister is a welcome nod to profitable startup sector, but there’s more to be done
The appointment of Senator Jane Hume as fintech minister is being hailed as a nod to the startup sector, or at least a large section of it.
A unicorn a year : More than 50 Australian startups founded since 2011 are valued over $ 100 The world is leaving coal behind, and it’s up to startups to pick up the economic slack https Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more
ThoughtSpot, a Silicon Valley start - up whose technology provides a Google-like search of corporate data, on Tuesday said it landed 5 million in new "It's a very small amount” compared with the $ 50 million to $ 100 million large corporations spend each year on data analytics technology, Singh says.
Just three of the companies on the list are bootstrapped. And all three of these are D2C.
The great Aussie VC firm of the last generation was Accel (it invested in Atlassian, Campaign Monitor, OFX and Big Commerce). Encouragingly, the investor community has responded, and 64% of companies on the list have at least one Aussie VC on the cap table.
“Bloody smart people”: It’s up to startups to tackle climate change, and bring jobs to regional Australia
The Morrison government may not be as committed to tackling climate change as many would hope, but that doesn’t mean there’s nothing we can do.
2011 and 2012 after the 2000s Australian drought. Australia 's carbon dioxide emissions per capita are among the highest in the world, lower than those In common with many other developed countries, Australia is experiencing a demographic shift towards an older population, with more retirees and
Last year , CB Insights tallied the odds of becoming a unicorn -- a company valued at billion or more -- at under 1%. While most of the companies that reached unicorn status are in the US Here's the full roundup of 2018's freshly minted unicorns : Canva is an Australian company that
Geographically, 75% of the companies are still headquartered in Australia.
- 40% in Sydney;
- 20% Melbourne;
- 17% San Francisco; and
- notably, 10% are Brisbane-based.
Just 15% of the companies have a woman on the founding team.
The average enterprise value of companies without a woman on the founding team (n=44) is $500 million.
The average enterprise value of companies with a woman on the founding team (n=8) is $900 million.
Some quick comments.
- Private companies are private. It’s a founder’s right to publicly reveal their valuation, not mine. So I can’t and won’t share the list.
- The window of opportunity for the current crop of Aussie VCs to have made early-stage investments in this generation of Aussie startups starts in about 2011. Blackbird announced its first fund in 2013 ($30 million). I acknowledge this time window is somewhat arbitrary.
- This is just a list of company valuations. All the meaty stuff — revenue, growth rates and ownership — are not included in the analysis.
Finally, remember that valuations are not the important thing.
The important thing is ambitious, world-class founders solving real problems for customers, and generating real, growing revenues.
Valuations will fluctuate, wonderful businesses will persist.
As I look down the list of companies, I am filled with pride and optimism for the future that Australian founders are building.
We should all be grateful to them.
Six-month-old startup Mr Yum secures $1.5 million for tech putting an end to food envy.
Mr Yum has secured $1.5 million in seed funding just six months after it was founded, for its platform putting an end to food envy and indecision at brunch. The funding comes from angel investors, hospitality giant Australian Venture Co, an unnamed investment fund, and various bar and restaurant owners. Speaking to StartupSmart, Mr Yum co-founder and chief Kim Teo says the funding is double the $700,000 the startup was originally seeking. With Teo and co-founders Kerry Osborn and Adrian Osman at the helm, Mr Yum is also seeing 100% month-on-month growth in user numbers.