Technology industry venture financing deals total $585.1m in Australia in Q2 2022

Total technology industry venture financing deals worth $585.1m were announced in the in Q2 2022, with $100m venture financing of Go1 being the sector’s biggest investment, according to GlobalData’s deals database.

The value marked a decrease of 30.2% over the previous quarter and a drop of 25.6% when compared with the last four-quarter average of $786.78m.

Australia held a 1.06% share of the global technology industry venture financing deal value that totalled $55.09bn in Q2 2022.

In terms of deal activity, Australia recorded 69 deals during Q2 2022, marking a decrease of 4.17% over the previous quarter and a a rise of 8.66% over the last four-quarter average.

Australia technology industry venture financing deals in Q2 2022: Top deals

The top five technology industry venture financing deals accounted for 41.04% of the overall value during Q2 2022.

The combined value of the top five venture financing deals stood at $240.13m, against the overall value of $585.1m recorded for the quarter.

The top five technology industry deals of Q2 2022 tracked by GlobalData were:

1) AirTree Ventures, Blue Cloud Ventures, Five Sigma, Madrona Venture Group, Salesforce Ventures and SoftBank Vision Fund 2 $100m venture financing deal with Go1

2) The $45.88m venture financing of Shippit by Mike Ford, Perennial Partners, SecondQuarter Ventures, Tidal Ventures I and Tiger Global Management

3) AirTree Ventures, Aware Super, Blackbird Ventures, HEST Australia(HESTA), NGS Super and Telstra Super $40m venture financing deal with Edrolo

4) The $30m venture financing of Zetaris by Exto Partners, Reach Markets, Seventy2 Capital Wealth Management and Vulpes Ventures

5) Colinton Capital Partners and OIF Ventures $24.25m venture financing deal with Clear Dynamics Pty

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