Australia's startup ecosystem features 11 unicorn companies. The design platform Canva leads this group with a valuation of $42B.
Other companies in the space include blockchain gaming platform Immutable Systems, valued at $3B. Social media tool Linktree also appears on the list with a valuation of $1.3B.
Below is the full list of 11 Australia unicorn startups at this time.
Top 10 Most Valuable Australia Unicorns
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Get the Sheet for $50Canva created an online design platform that makes it easy for anyone to produce professional-quality visual communications. They are best known for a simple drag-and-drop interface and a vast library of templates that empower non-designers to create everything from logos to videos.
| Valuation | $42B (Joined January 2018) |
| Headquarters | Sydney, New South Wales, Australia |
| Year Founded | 2013 |
| Founders | Cameron Adams, Cliff Obrecht, Melanie Perkins |
| Funding Amount | $2.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | General Catalyst, 500 Global, Bessemer Venture Partners, Bond, Franklin Templeton |
Immutable provides a comprehensive platform for developing and launching web3 games on Ethereum. They focus on creating the infrastructure that enables fast, scalable gameplay and true digital ownership for players.
| Valuation | $3B |
| Headquarters | Sydney, New South Wales, Australia |
| Year Founded | 2018 |
| Founders | Alex Connolly, James Ferguson, Robbie Ferguson |
| Funding Amount | $277.4M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | CMT Digital, Coinbase Ventures, Airtree Ventures, BACKED VC, Temasek Holdings |
Employment Hero builds an all-in-one cloud platform to manage HR, payroll, and employee benefits. Their system is designed to automate administration and centralize employee data, making it easier for businesses to manage their people.
| Valuation | $2B (Joined October 2023) |
| Headquarters | Sydney, New South Wales, Australia |
| Year Founded | 2014 |
| Founders | Ben Thompson, Dave Tong |
| Funding Amount | $521.5M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | Insight Partners, Salesforce Ventures, Airtree Ventures, Partners for Growth, TCV |
Go1 operates a corporate e-learning platform for on-demand employee training and professional development. They are known for an extensive content library that aggregates courses from top providers, helping companies easily upskill their teams.
| Valuation | $2B (Joined July 2021) |
| Headquarters | Brisbane, Queensland, Australia |
| Year Founded | 2015 |
| Founders | Andrew Barnes, Chris Eigeland, Chris Hood, Vu Tran |
| Funding Amount | $413.7M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Insight Partners, Endeavor Catalyst, Madrona, Y Combinator, Salesforce Ventures |
SafetyCulture offers a mobile-first operations platform that helps frontline teams manage safety and quality standards. Their core application digitizes inspections and checklists, enabling workers to report issues and resolve them on the spot.
| Valuation | $2B (Joined May 2021) |
| Headquarters | Sydney, New South Wales, Australia |
| Year Founded | 2004 |
| Founders | Luke Anear |
| Funding Amount | $355.1M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Airtree Ventures, Blackbird Ventures, Tiger Global Management, Insight Partners, Index Ventures |
Culture Amp builds an employee experience platform designed to help companies collect, understand, and act on staff feedback. They are best known for combining powerful analytics with behavioral science to give HR leaders actionable insights into their company culture.
| Valuation | $2B (Joined July 2021) |
| Headquarters | Melbourne, Victoria, Australia |
| Year Founded | 2009 |
| Founders | Didier Elzinga, Douglas English, Jon Williams, Rod Hamilton |
| Funding Amount | $257.5M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | Blackbird Ventures, Sapphire Ventures, Index Ventures, HSG, Salesforce Ventures |
Latitude Financial Services provides a range of consumer finance products to customers in Australia and New Zealand. They are known for offering personal loans, credit cards, and insurance, alongside buy now, pay later plans with major retail partners.
| Valuation | $2B |
| Headquarters | Docklands, Victoria, Australia |
| Year Founded | 2015 |
| Founders | — |
| Funding Amount | A$300M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | — |
| Top Investors | Shinsei Bank |
Linktree offers a platform that helps creators and brands consolidate their online presence into a single, shareable link. Their widely-used link-in-bio tool makes it simple for audiences to discover all of a user's content in one place.
| Valuation | $1.3B (Joined March 2022) |
| Headquarters | Collingwood, Victoria, Australia |
| Year Founded | 2016 |
| Founders | Alex Zaccaria, Anthony Zaccaria, Gilbert Campbell, Nick Humphreys |
| Funding Amount | $167.4M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Airtree Ventures, UK Space Agency, Index Ventures, Coatue, Insight Partners |
Deputy builds an all-in-one workforce management solution for businesses with hourly employees. Their platform simplifies scheduling, timesheets, and communication, helping companies better manage their teams.
| Valuation | $1B |
| Headquarters | Sydney, New South Wales, Australia |
| Year Founded | 2008 |
| Founders | Ashik Ahmed, Steve Shelley |
| Funding Amount | $159.5M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Corporate Round |
| Top Investors | EVP, IVP, Express Employment Professionals, OpenView, Square Peg Capital |
Firmus Technologies creates high-performance AI Factories that use advanced liquid-cooling designs for optimal energy use. These specialized data centers are built to maximize AI token output while minimizing operational costs for large-scale AI development.
| Valuation | $1B |
| Headquarters | Saint Leonards, Tasmania, Australia |
| Year Founded | 2019 |
| Founders | Oliver Curtis, Tim Rosenfield |
| Funding Amount | A$330M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Private Equity |
| Top Investors | The Pratt family, Ellerston Capital, Regal Funds Management, NVIDIA, Archibald Capital |
The Remaining Unicorn Founded in Australia
The ten most valuable companies are just one part of Australia's growing startup scene. Another key player is making big moves in finance, having raised well over a billion dollars.
This company is another great example of the strong businesses being built down under. Here is a look at the final unicorn shaping Australia's future.