Top Startups / January 18, 2022
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

Top Australian Startups To Watch in 2022

Australia is a country that is revered around the world for its beautiful scenes of nature and its laid back environment. The country, however, is not as well known for its bustling and growing startup ecosystem that generates many top startups. This is despite the fact that early stage funding in the country far eclipses the global averages and a mix of entrepreneurial spirit and the availability of VC funding has provided a great environment for Australian startups to grow and develop.


1. RealAR

Year Founded: 2019

HQ: Gold Coast, Queensland, Australia

Size: 1-10

Founders: Dan Swan, Keith Ahern

RealAR is an Australian 3D technology start-up that works with Augmented Reality software. The software is designed for use in real estate and allows sellers and buyers to envisage a property before it is built. 3D plans can be viewed through their app, so customers can understand the layout of the physical spaces.

They were founded in 2019 and with one seed funding round, the company raised $120,000. RealAR has two investors funding the start-up and was founded by Dan Swan and Keith Ahern. The headquarters are in Queensland Australia and the company employee size is between 1 and 10 people.

2. Marli

Year Founded: 2021

HQ: Melbourne, Victoria, Australia

Size: 1-10

Founders: Alireza Tayeb Nama

Marli is an eco-conscious technology start-up. They use technology to enable Food and Agriculture supply chains to work towards becoming carbon neutral. Using decentralised finance technologies and standardised carbon units, their aim is to help their customers reach carbon neutrality by 2035. The company addresses challenges the industry is facing whilst being sure to have predictable prices.

With three investors, Marli has managed to raise $416.4K in two funding rounds, and their latest funding came from a pre-seed round. It was founded in 2021 by Alireza TayebNama and has its headquarters in Melbourne Australia, with an employee size of 1-10 people.

3. Splashup

Year Founded: 2021

HQ: Sydney, New South Wales, Australia

Size: 1-10

Founders: Nathalie Rafeh, Vivek Bharadwaj

Splashup is a retail tech start-up. They are working to change the way we shop online by improving the customer experience. With this aim, they have created an e-commerce shopping experience engine that gives retailers the power to help their customers find what they are looking for and therefore increase their sales. They use artificial intelligence-powered technologies for search and recommendations.

Splashup received $310K Australian over one funding round and they have two investors. The start-up was founded by Nathalie Rafeh and Vivek Bharadwaj in 2021. The company has 1-10 employees and has its headquarters in Sydney Australia.

4. Employment Hero

Year Founded: 2014

HQ: Sydney, New South Wales, Australia

Size: 51-100

Founders: Ben Thompson, Dave Tong

Employment Hero is another Australian start-up to watch. It is a company working in the employment industry, providing an online platform to businesses. The platform functions as a human resources department, using HR software, financial services and payroll tools amongst other things. It provides businesses with an easy way to manage employee information and HR processes at a low price.

Having been founded in 2014 by Ben Thompson and Dave Tong, the start-up has raised a very impressive $165.4 million. This has been done through seven funding rounds since 2015 and the company has eight investors. The most recent funding round was in 2021 and brought in the largest amount raised at $140 million. The company has its headquarters based in Sydney Australia and has 51-100 employees.

5. WLTH

Year Founded: 2020

HQ: Brisbane, Australia

Size: 11-50

Founders: Brodie Haupt, Drew Haupt

WLTH is an Australian startup that was founded in 2020 and is currently headquartered in Brisbane, Australia. The company provides a digital financial platform that makes it easier for customers to get access to personal finance and the company also provides an array of solutions for businesses that includes lending, merchant facilities and more.

Since the business was founded, it has seen good success in attracting outside investment for growth and development. Across two rounds of funding, the business has managed to raise a total of $17.2 million to get the business to the next level.

6. YouPay

Year Founded: 2020

HQ: Springwood, Australia

Size: 11-50

Founders: Matt Holme

YouPay is a startup in Australia that was founded in 2020 and is currently located in Springwood, Australia. The company provides a solution for collaborative shopping. Users are able to shop on the internet and then send their cart to another person so that they can pay. This is perfect for making it easier to share the cost of shopping and getting gifts.

Since YouPay was founded in 2020, it has already attracted a good amount of outside investment. For example, the company has gone through two rounds of funding as it stands, with the most recent round being worth $2.9 million.

7. Loam Bio

Year Founded: 2019

HQ: Orange, New South Wales, Australia

Size: 11-50

Founders: Guy Hudson

Loam Bio is another Australian start-up to watch. Working in the biotechnology industry, the company develops tech that will help tackle the climate crisis. Their tech looks at using symbiotic microorganisms to inoculate crops. Their cutting-edge research in microbiology will help to make agriculture more productive whilst reducing carbon output. Loam Bio is researching the power of microbes and developing tech that will help to facilitate the use of them to grow food and life-saving medicine.

Guy Hudson founded Loam Bio in 2019 and has managed to raise $50 million Australian in funding. This was raised in two funding rounds, the first in 2020 and the second in 2021. The company's headquarters are in Orange, New South Wales, Australia and they have 11-50 employees.

8. Ascension Cloud Solutions

Year Founded: 2021

HQ: Wollongong, New South Wales, Australia

Size: 1-10

Founders: Conner Goldberg

Ascension Cloud Solutions is a company that works within many industries, including software, marketing, e-commerce, information technology, web development and more. They offer a comprehensive business package for their customers. Ascension Cloud Solutions creates branding and responsive websites, custom mobile and web applications alongside support and maintenance for pre developed apps. They have experts in all areas to help businesses thrive and develop within their industries.

Conner Goldberg founded Ascension Cloud Solutions in 2021 and the business currently has 1 to 10 employees. The headquarters for the company is in Wollongong, New South Wales, Australia.

9. 6clicks

Year Founded: 2019

HQ: Melbourne, Victoria, Australia

Size: 11-50

Founders: Andrew Robinson, Anthony Stevens, Louis Strauss

Another Australian start-up company is the legal technology business, 6clicks. 6clicks is a business that offers risk assessment and compliance services to its customers. It provides the platform to manage and complete these processes, allowing businesses to be regularly updating their risk assessment and checking their compliance. This helps a business to work within the law and run more smoothly. The whole system allows its customers to be protected and can help them understand their business even better.

The company's headquarters are in Melbourne, Victoria, Australia and is made up of around 11 to 50 employees. The founders are Andrew Robinson, Anthony Stevens, Louis Strauss and they founded the organisation in 2019. Since then, they have managed to gain $8 million Australian in funding, in four funding rounds.

10. Vacaay

Year Founded: 2019

HQ: Sydney, New South Wales, Australia

Size: 11-50

Founders: Pete McKeon

Vacaay is a technology platform that works in the travel industry. The business provides organisations with the ability to enlarge their reach, gaining new audiences and customers. It does this by collecting data about consumer travel behaviours. Holidayers can visit the Vacaay website and create an itinerary which then helps tourism boards to prepare and refine their marketing strategy. The website is made up of promotional content for different places in the world, to inspire the consumer on where to travel.

Vacay was founded in 2019 by Pete McKeon. It has its headquarters in Sydney, New South Wales, Australia and has around 11 to 50 employees. The tech company has raised $250,000 from one funding round in October 2019.

11. MGA Thermal

Year Founded: 2019

HQ: Newcastle, New South Wales, Australia

Size: 1-10

Founders: Alexander Post, Dylan Cuskelly, Erich Kisi

MGA Thermal is an Australian tech start-up in the thermal storage industry. MGA stands for Miscibility Gap Alloys and these are the basis for the company. MGA Thermal provides customers with an economical and efficient way of storing energy and heating. The miscibility gap alloys are what store the energy and are stacked into storage tanks. It is a renewable alternative for energy storage and is scalable.

The founders of MGA Thermal are Alexander Post, Dylan Cuskelly, Erich Kisi. Its headquarters are in Newcastle, New South Wales, Australia and there are 1 to 10 employees. Since it was founded in 2019, the business has raised $6.3 million in three funding rounds.

12. Provectus Algae

Year Founded: 2018

HQ: Noosaville, Australia

Size: 11-50

Founders: Nusqe Spanton

Provectus Algae is an Australian startup that was founded in 2018 and is currently based in Noosaville, Australia. The company is a bio-tech firm that makes use of algae to create high-value compounds in such a way that is better for the environment and helps a variety of different industries.

Since the business was founded, it has gone through two rounds of startup funding, with a total of five investors throwing their money behind the business. This has resulted in the company raising a figure of $11.3 Million in startup funding.

13. RelayPay

Year Founded: 2019

HQ: Sydney, New South Wales, Australia

Size: 1-10

Founders: Charlie Karaboga, Jordan Momtazi, Radek Ostrowski

RelayPay is another Australian start-up in the technology industry. They more specifically work in fintech, providing the bridge between traditional finance and new digital currency. RelayPay is working with the aim to make paying with cryptocurrency type finances, just as easy as with cash. They have created the first crypto to cash ATM withdrawal solution in Australia. With twenty currencies and forty countries currently being supported, the company believes to be the future for finance.

Charlie Karaboga, Jordan Momtazi and Radek Ostrowski founded RelayPay in 2019 with a headquarters in Sydney, New South Wales, Australia. The company has 1 to 10 employees and has raised $1.5 million through two funding rounds.

14. goPassport

Year Founded: 2020

HQ: Cairns, Queensland, Australia

Size: 1-10

Founders: Matt McKinley

Another tech start-up is the Australian based goPassport. The company has developed a platform for the travel industry that supports international border travel. The platform provides risk management and real-time guidance for travel. It was built to make travelling safer in a world dealing with a pandemic whilst supporting industries and therefore the economy. Their app for travellers helps inform users about border closures, hot spots and what to do when a plan changes. The app allows customers to understand clearly what government and health guidelines they need to follow whilst promising user privacy.

In May 2020 Matt McKinley founded goPassport and has since managed to raise $1 million Australian in funding in one funding round in October 2020. The company has 1 to 10 employees and has its headquarters in Cairns, Queensland, Australia.

15. Vpply

Year Founded: 2020

HQ: Sydney, New South Wales, Australia

Size: 1-10

Founders: Tom Lipczynski

Vpply is a tech company that is working in the recruiting industry. The Australian start-up is a web application that provides a new way of applying to jobs. Vpply offers candidates to apply to roles by submitting a video profile. This way, employers can view the applicants through a video library, understanding more about the applicants than just what is on paper. There is a job search tool within the service and users can create a profile. With over 1 million users, the platform is paving the way for personalised applications.

Tom Lipczynski founded Vpply in 2020 and currently has 1 to 10 employees. The headquarters are in Sydney, New South Wales, Australia.Vpply has managed to raise $213,500 Australian through one funding round in 2021.

16. Qwirk

Year Founded: 2020

HQ: Sydney, New South Wales, Australia

Size: 1-10

Founders: Cheryl Tyas

Qwirk is another Australian tech start-up in the recruiting industry. The company works specifically as a human resources recruitment department. Qwirk is designed to connect the most talented poeple and businesses in the digital, tech and creative industries.

The CEO and founder of Qwirk is Cheryl Tyas. It was founded in 2020 and has since had one funding round in January 2021. The headquarters are based in Sydney, New South Wales, Australia and the company currently has 1 to 10 employees.

17. Tiliter

Year Founded: 2017

HQ: Sydney, New South Wales, Australia

Size: 51-100

Founders: Chris Sampson, Marcel Herz, Martin Karafilis

Tiliter is a start-up company that works within the artificial intelligence industry, making computer vision more accessible. Their aim is to create easy to use and easy to build products so everyone can use them. The retail industry is where they use AI to improve the self-checkout experience. Tiliter is aiming to provide better services for scanning items with no barcodes at the checkout. They have AI products for scales, printers and checkouts.

Chris Sampson, Marcel Herz and Martin Karafilis founded Tiliter in 2017 and the headquarters are based in Sydney, New South Wales, Australia. The company has 51-100 employees. They have raised $5.3 million in three funding rounds.

18. Deployable

Year Founded: 2020

HQ: Brisbane, Australia

Size: 1-10

Founders: Sam Hussey

Deployable is an Australian startup that was founded in 2020 and is currently based in Brisbane, Australia. The company provides a no-code platform for businesses that allows them to easily build interactive and engaging interactions with their customers, which ultimately leads to better retention and a more healthy bottom line.

Despite only being founded fairly recently, the company has already secured investment through a funding round conducted in December 2021. During this round, the company received investment from a sole source for an unspecified amount.

19. Warrp

Year Founded: 2020

HQ: Melbourne, Australia

Size: 1-10

Founders: Matthew Ng, Roman Granovskyi

Warrp is a startup in Australia that was founded in 2020 and is currently based in Melbourne, Australia. The company is a technology development firm that specifically focuses on creating solutions for the metaverse and regularly uses technology like blockchain, cryptocurrencies and NFTs.

The business has had very recent success in securing startup funding to help the business to grow. This was achieved during a funding round in December 2021, where the company raised an unspecified amount from an unnamed investor.

20. Dcypher

Year Founded: 2019

HQ: Sydney, Australia

Size: 1-10

Founders: David Bain, Jake Angulo

Dcypher is an Australian startup that was founded in 2019 and is currently based in Sydney, Australia. The company provides a free investing app to its customers that allows them to invest in US stocks and a range of different cryptocurrencies. The aim is put control of data back in the hands of the users with a range of advanced tools.

Dcypher has found recent success with securing outside investment to grow the business, with a funding round taking place at the start of January 2022. This round resulted in the company raising an undisclosed amount of money from an undisclosed investor.

21. 23shout

Year Founded: 2019

HQ: Brisbane, Australia

Size: 1-10

Founders: Patrick McCallum

23shout is a startup in Australia that was founded in 2019 and is currently based in Brisbane, Australia. The company has created a platform for call centres that aims to reduce friction in these centres and improve efficiency. This comes with a range of features, including SMS, conference calls, task management, data management and voicemail.

Despite the fact that the business is fairly new, it has already managed to secure outside investment for growth and development. This was achieved during a seed funding round, where the company secured funding from a sole investor. The amount of money raised has not been disclosed.


FAQs

How Many Startups Are There in Australia?

The current estimates state that there are more than 17,000 startups in Australia, a large amount.

What Is The Average Investment in Australia?

The average investment in Australia will be greatly dependent on the location and the specific industry, however, in Sydney the average seed round is worth $525,000 and the average Series A round is worth $4 Million, both being above the global averages.

What Are The Strongest Sectors in Australia?

Australia is one of the major hubs in the world for Fintech startups, but it also should be stated that various other industries like mining, healthcare and more are also very strong.

Top Australian Startups To Watch...
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

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