Home topics news Credit: Melissa Walker Horn Funding | Investment News Funding | Investment Australian startups shine with record early-stage funding, overcoming a 30 pct slump in total funding Yajush Gupta February 8, 2023 The latest edition of The State Of Australian Startup Funding report by Cut Through Venture and Folklore Ventures is out, and the results show a surprising twist. Despite a decline in overall Australian startup funding by 30 per cent, the report found that the Pre-Seed and Seed stages saw a record number of deals in 2022. The report highlights that early-stage deals in these two stages are more competitive than ever, with 35 per cent of investors surveyed reporting this phenomenon. Furthermore, the report shows that more than 60 per cent of founders are optimistic about the future of funding in Australia, with plans to raise their next capital round in 2023. https://twitter.com/Folklorevc/status/1622703560730497024?cxt=HHwWgMDSkdCSgIUtAAAA These findings come as a much-needed boost to the confidence of founders and VCs in Australia, as recent market challenges have sparked doubts about the future of funding in the country. Equity funding dropped 30 pct in 2022 The latest data on equity funding for Australian startups show a 30 per cent drop in 2022, a trend slightly behind the global decrease. This decrease was due to a lower number of large deals over $50 million and fewer outlier deals at all stages, leading to a total 30 per cent drop in funding for Aussie startups, despite the number of deals remaining relatively