Colleen Hagerty | Popular Science
Colleen Hagerty is an independent journalist specializing in covering disasters, climate change, technology, and politics. She’s been writing about technology for Popular Science since 2021.
Stay updated with breaking news from Cut Through. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Colleen Hagerty is an independent journalist specializing in covering disasters, climate change, technology, and politics. She’s been writing about technology for Popular Science since 2021.
The latest figures on Australian tech start-up funding show only $661 million was raised in the first three months of 2023, a huge drop on the previous quarter.
More than a third of Australian start-up investors reported at least one portfolio company collapsing in 2022, while valuations fell by an average of 29 per cent.
New data from KPMG and Techboard suggest Australian start-ups fared better than their global counterparts in 2022, but no one is expecting a market bounce back in 2023.
Some early investors and employees have sold shares in Bruce Buchanan’s e-commerce technology company Rokt, with the round valuing the company at $US2.4 billion.