Changing Lifestyle: Australian Startups In 2023

1. Changing Lifestyle:Australian Startups In 2023

2. From tropical beaches to aboriginals, cute koalas, rolling wines, and lush rainforests, there’s nowhere like Australia. Brands like Gleam and Canva are first-hand examples. Currently, the numbers look pretty impressive, with more than 1800 neo-age brands making an impact. The reasons aren’t obscure enough to scan.

3. A. A rock-solid economy: Australia is the 13th among large economies that haven’t witnessed recession for over a couple of decades. Also, this nation has a pretty low unemployment rate and shows stable growth. B. Strong and uncompromised VC funding: With more than 100 VC firms investing in Australia, coupled with incubators and accelerators, startups are blessed with early-stage boost-ups. C. Proactive support from the government: Whether it’s small grants or the ambitious Startup Year Program launched in 2022 aimed at bringing more entrepreneurs to the mainstream market, there’s no dearth of motivation.

4. Here’s a look at 10 promising Australian startups in 2023 that can impact the Aussie lifestyle.

5. The company at a glance Key People: Benjamin Humphrey, Bradley Ayers Location: Sydney Number of employees: 51-100 Area of focus: Customer Research Similar organizations: POTLOC, Crowd Analyzer, and Tetra Insights Dovetail is 2017 Australian marketing startup operating out of Sydney. Since they began, Dovetail has been through some high-profile funding, including a $63 Million Series A round led by Accel in 2022.

6. Athena Another 2017-born Aussie startup, Athena, is headquartered in Sydney and is a rising star in the fintech space. As a solution provider organization, they help individuals accelerate their home loan repayment and simplify the process of purchasing a home.

7. By connecting homeowners and prospective homeowners with ethical investors, Athena has been able to successfully address the most pressing demands. The company set a new record for the largest fundraising ever achieved by an Australian company in May 2021 (a whopping $90 million). The company at a glance • Key People: Michael Starkey, Nathan Walsh, Rex V. Job • Location: Sydney • Number of employees: 101-250 • Similar organizations: Lendi, Grapple, Shift

8. Eucalyptus Eucalyptus came into existence in 2019. Over the years, the company has helped at least 250,000 patients receive improved healthcare support. Eucalyptus has also successfully secured funding through multiple rounds, including a notable $42 Million Series C round in January 2022.

9. The company at a glance Key People: Alexey Mitko, Benny Kleist, Charlie Gearside, Tim Doyle Location: Haymarket Number of employees: 51-100 Area of focus: Healthcare Similar organisations: Tendo, Syllable, Pera Labs

10. OCR Labs OCR Labs had a humble beginning in 2014. OCR Labs has also secured multiple rounds of funding, including a Series B in February 2022 ($30 Million raised).

11. OCR Labs The company at a glance: Year Founded: 2014 HQ: Sydney, New South Wales, Australia Size: 11-50 Key People: Daniel Aiello, Matthew Adams Similar companies: Onfido, Jumio

12. As a technology-driven lender, Judo is essentially a neobank specializing in financing solutions for small and medium-sized enterprises. As of January 2020, Judo Bank has successfully extended loans worth $1B to Australian small businesses, while also accumulating $1B in digital retail term deposits.

13. Marketplacer Marketplacer has an impressive track record, having played a crucial role in the development and implementation of more than 100 Marketplaces, and successfully connecting over 16,000 businesses globally. The company at a glance • HQ: Melbourne • Year founded: 2007 • Key people: Jason Wyatt, Sam Salter • Number of employees: 101-250 • Similar companies: Yo! Kart, Yelo, Logicbroker

14. Mr Yum Mr. Yum’s platform is totally web-based which means you will never have to download an app. Simply scan a QR code, and voila! You have the Mr Yum menu right on your screen. The company at a glance: • HQ: Collingwood • Year founded: 2018 • Key People: Adrian Osman, Andrei Miulescu, Kimberly Teo • Number of employees: 11-50 • Similar companies: Onfleet, Open Tables

15. Relectrify As a 2015 startup, Relectrify is headquartered in Melbourne and specializes in enhancing batteries and optimizing their performance. Their innovative technology allows for the complete utilization of each cell’s capabilities, resulting in improved efficiency. Additionally, it also reduces costs by generating AC output without the need for an external reverter. Relectrify has successfully secured multiple funding rounds, including a significant investment from Energy Innovation Capital, although specific financial details of this latest round remain undisclosed.

16. Sendle As a pioneer in carbon-neutral services in the Australian courier industry, Sendle certainly is a one-of-a-kind startup helping small to medium-sized Australian businesses as well as online retailers. Sendle also successfully secured financing of $35 million in a 2021 Series C funding led by AP Ventures, backed by Afterpay, along with returning investors like Federation, Full Circle, and NRMA.

17. As a digital healthcare company, HealthMatch aims to revolutionize the process of connecting patients with clinical trials. The Aussie startup uses advanced machine learning technology to match patients in real time with trials aligned to specific medical profiles. Alongside, the extensive use of artificial intelligence, it helps analyze clinical data.