Melbourne is among the top global cities for starting an entrepreneurial venture and is featured in various prestigious top startups list including Startup Genome’s Global Startup Ecosystem Report 2018. The city’s startup ecosystem has seen steady growth in the number of startups and investments both locally and internationally in recent years.
The tech sector in Melbourne has flourished and today is home to some of the best startups in the region.? Here are ten of these top Melbourne startups to watch out for in 2019. These startups are among the companies that participated in funding rounds this year.
Top Melbourne Startups to Watch out for in 2019
Melbourne based startup Judo Capital recently entered a debt agreement with Credit Suisse in November 2018 securing $350 million. The company is a fintech venture that offers lending services for SMEs in Australia to build their businesses. Its recent funding rounds have helped it create a launch pad for new developments in the coming year making it one of the top Melbourne startups for 2019. Judo Capital was co-founded by Alex Twigg, Chris Bayliss, David Hornery, Joseph Healy, Kate Keenan, and Tim Alexander in 2017 and is currently awaiting its license to function as a full-fledged bank. This top startup in Melbourne has total investments of $453.7 million in its kitty as of date.
Property Exchange Australia (PEXA) is making it easier to conduct property exchange with its online portal. It has become one of the top Melbourne startups for 2019 after its last round of funding.? This was the very first round of funding for the company; it raised $50 million venture capital from Commonwealth Bank of Australia. PEXA is a top startup in Melbourne that was established in 2010 and offers its services to all states and territories in the country. The platform is helping property buyers, and sellers find a secure, quick, and convenient way to conduct property transactions.
Culture Amp is a top startup in Melbourne offering employee engagement solutions. The company does this with its innovative platform which makes it easier for employers to take into account what their employees have to say and work on it. The Melbourne based startup has raised $40 million in its Series D round which was completed in July 2018.? The investors who participated in it include Skip Capital, Grok Ventures,? Sapphire Ventures, Index Ventures, Felicis Ventures, and Blackbird Ventures (lead investor). It has total funding worth $ 76.3 million and is one of the top Melbourne startups for 2019. Culture Amp was co-founded by Didier Elzinga, Douglas English, Jon Williams, and Rod Hamilton in 2011.
Melbourne based startup Nura is a trailblazing headphones company that is using the best of technology to create headphones that adapt to the user?s ear. Co-founded by tech and business veterans Luke Campbell, Kyle Slater, and Dragan Petrovic, this top startup in Melbourne has been in the spotlight from the day its establishment was announced in 2015. Till date, $21.9 million has been invested in this novel company that is among the top Melbourne startups for 2019. The last round was in November 2018 and was led by Blackbird Ventures and featured 10 other investors who helped raised AS $21 million.
4DX is a fast-growing med tech Melbourne based startup that is working on a solution to offer four-dimensional lung imaging technology for better diagnosis and treatment of lung cancer, a prevalent form of cancer in Australia.? The company is a contender for the top Melbourne startups for 2019 and is the brainchild of Andreas Fouras who founded the company in 2012. 4DX completed two funding rounds on the same day in July 2019. The Melbourne based startup secured a $10 million grant from the American Asthma Foundation,? Australian Research Council, and the National Health and Medical Research Council in one of the rounds.
The next company on our list of top Melbourne startups for 2019 is Artchain Global, a rapidly growing blockchain company. The startup specializes in synchronizing digital and offline art assets for whose collecting, trading or producing it.? Seed money of $4 million has been invested in this Melbourne based startup that will make trading and owning art a more streamlined and open process to avoid any counterfeit or any other kind of issues. Artchain Global was launched only this year by its founders Kay Sprague and Cameron MacQueen; it is one of the youngest companies among the top Melbourne startups for 2018.
HotDoc is a Melbourne based startup that has created a web platform for convenient appointment booking to see a doctor. The company was established in mid-2012 by Simon Holland and is on its way to becoming the market leader in its segment. The last of round funding for HotDoc has warranted it a place among the top Melbourne startups for 2019. It secured AS $5 million in Series B from lead investors Right Click Capital and AirTree Ventures in September this year. This is the second round of funding for the company so far.
Founded in 2016 by David Weiberg and Omer Molad, Vervoe is a rapidly growing AI based company among the top Melbourne startups for 2019. The company has got total investments of $4.5 million from two funding rounds till date. The most recent round helped Vervoe secure $3.5 million from Zachary Lewy, Ruslan Kogan, Jesse Hertzberg, and SEEK Limited (lead investor). The Melbourne based startup offers a top-notch recruiting software platform that makes it easier for employers and recruiters gauge how well a person performed in the interview. Vervoe has found a place among the top Melbourne startups for 2019 owing to the cutting edge tech services it offers.
Red Piranha was founded by Adam Bennett in 2015 and has established itself very well in this short span and has joined the ranks of top Melbourne startups for 2019. It has recently completed its first round of funding pocketing $2.5 million from the investors whose details are yet to be disclosed. The Melbourne based startup is a cybersecurity firm that offers dynamic protection solution tools that act as a one-stop solution for everything from threat detections to advanced threat intelligence. Ed Piranha?s developments and partnerships in the recent years have made it one of the top Melbourne startups for 2019.
Melbourne based startup CXi Software completed its Series A round of funding in July 2018. The company raised $2.3 million from this round which is also the very first round of funding for it. CXi software specializes in providing Saas for streamlining back-office operations by making them more automated.? Founded by S?amus ? Concheanainn in 2015, the company?s robust cloud-based platform has attracted a lot of attention after the Series A round of funding making it one of the top Melbourne startups to watch out for in 2019.
Every Melbourne based startup in this list has created a secure place for itself in the city’s ecosystem with the help of the numerous startup resource available. Only time will tell how many of these top Melbourne startups for 2019 can manage to impress in the coming year with the funds received.
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