Big pay raises: What startups are looking forward to in 2024.
Increased funding for female-led startups by 2024 could mark a turning point towards greater gender diversity in a funding environment still dominated by male founding teams It shows.
As Cut Through Ventures’ latest 123-page report showed, significant steps are still needed to rapidly increase the small percentage of funding that goes to women-led startups.
Startup funding status in 2024
How do Australia’s startup funding leaders feel about 2024? What are they excited about?
“We are actively looking for B2B SaaS investment opportunities for our third fund. Adoption rates have increased significantly over the past quarter as a number of class products have been introduced.” Georgie Turner, Tidal Partner
“Momentum is building so far in 2024, with more startups raising money, more startups failing rapidly, and late-stage funders returning to the market in droves. The amount of dry powder creates the risk that valuations will quickly return to their peak, reducing returns for long-term investors. Masu. 2024 should be a healthy year for venture capital, as investments made a decade (or more) ago are liquidated, increasing investor confidence and liquidity. ” – Ben Armstrong, Founder of Archangel Ventures
“Things haven’t changed much yet, but the winds are shifting. Despite a slower start than last year, we’re seeing an increase in activity virtually. There are currently 14 live opportunities on the platform; All offers are expected to close in May and we have a strong pipeline ahead.” – Matt Vitale, Birchal Co-Founder and CEO
“I am quietly optimistic about the quality of deal flow we are seeing within the Series A and Five V B2B SaaS sweet spot.The founders seem to have done a decent job of steadying the ship last year. , is now back in growth mode and is well positioned to raise capital from a position of strength. On the other hand, at the pre-seed and seed stages, from where I’m sitting, it looks like there’s quite a bit of competition for quality deals. Top quality opportunities command high valuations and attract significant investment capital. ” – Chris Gillings, Venture Capitalist at Five V Capital and Founder of Cut Through Venture
“We see 2024 as a year with a mix of optimism and a clear sense of anxiety. However, these above-beating founders are seeing high conviction and quick follow-on investments. Early-stage funds like Startmate, Skalata, Archangel, and Rampersand are off to a strong start to the year. I’m really looking forward to the next few years.” – Will Richard, Co-Founder of Overnight Success
Startup news today and every day
Today, Eloise Keating, the queen of Friday startup rap, reports on a successful week of startup funding. Nine Australian and New Zealand startups raise a total of $60.3 millionAmber Joseph’s edtech startup NextWork, and five other companies with female co-founders.
Eloise’s rap articles are among the most read articles each week. She has featured 61 Australian startups and four New Zealand startups so far this year, and in total she has raised $898.8 million.
Also today, our senior technology reporter Teagan Jones takes a deeper dive into one of those raises. In this week’s Neural Notewe interview Anshika Singh, the dynamic co-founder and CPO of the exciting AI-powered research and insights platform Outread.
Neural Notes is a must-read weekly column where Tegan distills the week’s most interesting and important AI news – essential insights for those leading businesses in 2024.
Today I introduced my profile. 10 raises you’re really looking forward to in 2024including Melbourne-based stars Prota Therapeutics and Ultra Violet.
And last but not least, Big changes for former Smart50 winner Atlassianas co-founder Scott Farquhar steps down as co-CEO.
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