.Australian startups have a tough track record overseas for being unbelievably funding efficient– a truth that is actually significantly enjoyed by worldwide capitalists as the hangover from the period of easy money waits.” Growth in any way costs” is no more the catchcry of Silicon Lowland, which is actually conforming to market conditions that Australian start-ups have actually had to survive for many years, where financing has certainly not moved as easily. Advertising campaign. Ad.
Jayme Kwek, principal at Singapore-based Prosus Ventures, informed Funds Short previously recently that the fund is actively checking the Australian market for startup investment opportunities. He highlighted individual and deeper technician as pair of places of interest.But Kwek is not the only one in his conviction, specifically in the areas that have caught his focus. Australian deep tech– a sector that has generally found it harder to secure nearby backing because of the high costs usually needed to start– is emerging as a crowd favourite amongst offshore VCs.