Startup funding hits record, even as founders look offshore


Joseph Brookes
Senior Reporter

A massive raise by AI infrastructure company Firmus propelled Australian startup funding to its largest ever quarter, with $4.2 billion raised in total across 78 venture deals and 14 accelerator rounds.

But data to be released on Tuesday also shows worrying sentiment about the Albanese government’s tax changes, which include less generous capital gains tax discounts and changes to research and development incentives.

The changes have been blasted by tech …

Want to know how this story ends?

Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.

Already a member? Log in here

Do you know more? Contact James Riley via Email.

Related stories