Series B Funded Startups in Australia
Across the 50 most recent disclosed Series B rounds in Australia, Linktree’s $110M (2022-03-16) is the clearest size outlier: the next-highest disclosed ro…
Across the 50 most recent disclosed Series B rounds in Australia, Linktree’s $110M (2022-03-16) is the clearest size outlier: the next-highest disclosed rounds are $94M for Morse Micro (2022-09-06) and $73M for Advanced Navigation (2022-11-17), placing Linktree well above the rest of the disclosed range. At the other end, the smallest disclosed amount is $3M, appearing for MGA Thermal (2024-12-03) and EVOS Energy (2024-07-08).
Date-wise, the list spans 2022-03-16 through 2026-02-22, with the newest entry being EatClub at $27M on 2026-02-22. Clustering is visible in late 2022 and mid-2022: several $20M–$46M rounds land in November 2022 (e.g., Ofload $40M on 2022-11-15; Buildkite $21M on 2022-11-15) and around September 2022 (including Morse Micro $94M on 2022-09-06 and Liquid Instruments $29M on 2022-09-13). Sector-wise, AI is one of the most repeated themes, showing up across multiple rounds such as Heidi Health ($65M, 2025-10-10), Relevance AI ($24M, 2025-05-06), Qsic ($25M, 2025-01-28), and HIVERY ($30M, 2022-07-14).
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Frequently asked
What’s the largest disclosed Series B round in this Australia list, and how extreme is it versus the rest of the disclosed amounts?
Linktree’s $110M (2022-03-16) stands out as the single largest disclosed round; the next-largest disclosed entries are Morse Micro at $94M (2022-09-06) and Advanced Navigation at $73M (2022-11-17). That gap places Linktree meaningfully above the rest of the disclosed range.
Are the smallest disclosed rounds clustered in time, or spread out across the period shown?
The smallest disclosed amount is $3M, shown by MGA Thermal ($3M, 2024-12-03) and EVOS Energy ($3M, 2024-07-08). These occur in 2024, not in the 2022-heavy cluster where some much larger rounds appear, indicating the low-end amounts are not concentrated at the temporal extremes.
Which round dates define the temporal edges of the 50-row slice, and what does that imply about recency?
The newest row is EatClub with $27M on 2026-02-22, while the oldest disclosed row is Linktree with $110M on 2022-03-16. That creates a multi-year spread rather than a single-year cohort, which matters when comparing current fundraising intensity to earlier periods.
Which sectors show over-representation by appearing in multiple entries, and can you cite concrete examples?
Artificial Intelligence (AI) appears repeatedly: Heidi Health ($65M, 2025-10-10), Relevance AI ($24M, 2025-05-06), Qsic ($25M, 2025-01-28), and HIVERY ($30M, 2022-07-14) are all Series B rounds in AI. Other sectors also recur (e.g., energy shows up with 5B Australia at $17M on 2022-12-15 and Evergen at $10M on 2022-06-22), but AI is the clearest repeated theme from the entries cited here.
Do any cities repeatedly host these rounds, suggesting geographic concentration within Australia?
Within the shown rows, Melbourne, Victoria and Sydney, New South Wales repeatedly appear across different sectors and deal sizes—for instance Melbourne lists EatClub ($27M, 2026-02-22) and Applied EV ($40M, 2026-01-27), while Sydney lists Ofload ($40M, 2022-11-15) and Shippit ($46M, 2022-05-03). The frequent repeats across otherwise unrelated companies suggest more than a single isolated cluster by geography.
Are there any undisclosed-amount patterns that affect how to interpret ‘largest’ comparisons?
Three entries in the 50-row slice have ‘undisclosed’ amounts: Goterra (Series B, 2023-12-08), OneQode (Series B, 2022-12-15), and Glaciem Cooling Technologies (Series B, 2022-07-28), plus Carbon Count (Series B, 2022-04-14) is also undisclosed. Because these amounts are missing, size-based conclusions rely on disclosed rounds only, making Linktree’s $110M (2022-03-16) the largest disclosed figure rather than necessarily the largest deal overall.
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