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About Cicada Innovations

Cicada Innovations, an accelerator and incubator program founded in 2000, is based in Sydney, Australia. With a presence in 5 countries, it has supported around 88 startups in sectors like Enterprise Applications, High Tech. As of Jan 2026, Cicada Innovations has 1 unicorn under its belt and has witnessed 19 portfolio exits. Most notable companies in its portfolio include Regrow, Bugcrowd and Happy. The program is backed by a team of 27 people who primarily support Seed startups based in Australia. Its latest investment was a $3.5M Seed round in Lleaf on Sep 13, 2022, which also saw participation from Alfa Ventures and UNSW Sydney.
Key Metrics
Founded Year
2000
Location
Sydney, Australia
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
Unicorn in Portfolio

Cicada Innovations' List of Top Investments

Cicada Innovations has a portfolio of 88 companies, one of which is a Unicorn. Their most notable investmentis in DoclinkTheir portfolio spans across Australia, United States, China and 2 more locations. They have invested in Enterprise Applications, High Tech, Food and Agriculture Tech and 27 other sectors, across stages such as Seed stage. Here is the list of top investments by Cicada Innovations:
AI-powered platform for resilient agriculture, emissions reduction, and supply chain sustainability. This is a technology company offering a climate action platform that empowers organizations to achieve sustainability goals through regenerative agriculture. The platform provides sustainability insights, rigorous scope 3 analysis, and actionable carbon reduction plans. It delivers measurable, reportable, and verifiable (MRV) progress against sustainability commitments. The company utilizes artificial intelligence (AI) and remote sensing to trace emissions, plan high-ROI sustainability investments, and report sustainability progress. It supports various sectors, including consumer goods, retail, agribusiness, and the public sector, enabling them to build resilient supply chains, meet sustainable commodity demands, and generate certified carbon assets. The platform helps turn sustainability commitments into audit-ready results, facilitating credible impact reporting and claims. It is a B2B SaaS platform.

Key facts about Regrow

  • Founded Year: 2016
  • Location: Durham (United States)
  • Stage: Series B
  • Total Funding till date: $60.7M
  • Employee Count: 103 as on Dec 31, 2023
  • Investors: M12, SE Ventures and 28 Others
  • Latest Funding Round: Series B, Mar 26, 2025, $*****
  • Highlight: Editors' Pick
Crowdsourced web application security testing platform. It provides crowd-powered pen testing solutions that enable users to identify security issues in the applications. The platform offers web, API, mobile, IoT, and network penetration testing. Features include attack surface management, penetration testing, vulnerability disclosure, and more.

Key facts about Bugcrowd

Provider of centralized maintenance, asset, and property management software solutions. The platform offers tools for service requests, unit turnover, preventative maintenance, and scheduling. It facilitates capital project oversight, fixed asset tracking, and property budgeting. The software also supports property inspections, resident satisfaction initiatives, and reporting.

Key facts about Happy

Develops a cloud-based platform for management of drone-gathered data. It enables post-processing of data, as well as sharing it. It also provides various collaboration features. The target market includes both commercial drone operators and enterprises that use drone-based data and services.

Key facts about Propeller Aerobotics

Cloud based platform offering third party risk management software. The platform features include vendor risk assessment and management, cyber risk management, configuration management, automated security questionnaires, protecting the brand, intellectual property, and customer data, IT compliance management, vulnerability management, and more.

Key facts about UpGuard

Cicada Innovations' Investments by Stage

Cicada Innovations has made 2 investments in Seed stage with an average round size of $3.5M.

Cicada Innovations' Investments by Sector

Cicada Innovations has a diverse portfolio, with companies operating in the Energy Tech, Enterprise Applications, Environment Tech, Food and Agriculture Tech and Real Estate and Construction Tech. Notably, it has invested in 65 Tech companies, 64 Enterprise (B2B) companies, 31 Software companies and at least 18 companies focusing on Saas.
Here are Cicada Innovations' investments by sector:
Sector
No. of Investments
Energy Tech
1
Enterprise Applications
1
Environment Tech
1
Food and Agriculture Tech
1
Real Estate and Construction Tech
1
Others
1
Breakdown of Cicada Innovations' investments by sectorsEnergy Tech (1)Enterprise Applic... (1)
Note: We have considered here, only first round of investments

Cicada Innovations' Investments by Geography

Cicada Innovations has made most investments in Australia (2).

Cicada Innovations' recent investments

Cicada Innovations has not made any investment in 2026 so far.
Here are the most recent investments by Cicada Innovations:
Date
Company
Location
Round Details
Round Amount
Co-Investors
Sep 13, 2022
Australia
Seed
4629
Feb 28, 2019
Australia
Seed
4498
-

Unicorns in Cicada Innovations' Portfolio

Cicada Innovations has 1 unicorn in its portfolio - Bugcrowd. The most recent unicorn in their portfolio is Bugcrowd which became a unicorn in 2024, 2 years before Cicada Innovations first invested in it.
Here is a list of unicorns in Cicada Innovations' portfolio:
Tracxn Score
Company
Short Description
Founded year
Sector
Location
Company Stage
First Investment/ Acquisition Details
69
Crowdsourced web application security testing platform
2012
San Francisco
Series E
bvuxd{p

IPOs and Publicly Listed companies in Cicada Innovations' Portfolio

9 of Cicada Innovations' portfolio companies have become public. Tetratherix got listed on the Australian Securities Exchange (ASX), in Jun 2025 at marketcap of $95.3M and Gelion Technologies got listed on the London Stock Exchange (LSE) at marketcap of $214M.
Here are Cicada Innovations' portfolio companies that went public:
Company
IPO Date
First Invested on
First Round of Investment
Round Size
Jun 30, 2025
-
-
1367
Nov 30, 2021
-
-
8679
Aug 25, 2021
-
-
3675
Jul 21, 2021
-
-
9787
Oct 23, 2020
-
-
1082

Acquired companies in Cicada Innovations' Portfolio

10 companies from Cicada Innovations' portfolio have been acquired. The most recent acquisition were ezyCollect in Oct 2025 by Sidetrade.
Here are Cicada Innovations' portfolio companies that got acquired most recently:
Company
Acquisition Date
First Invested on
First Round of Investment
Round Size
Oct 13, 2025
-
-
3491
Feb 27, 2024
-
-
8979
Jan 11, 2022
-
-
4445
Nov 12, 2021
-
-
1191
Jun 01, 2018
-
-
7870

Team profile of Cicada Innovations

Cicada Innovations has a team of 27 members including 11 Partners, 3 Venture Partners and 11 Principals located in Australia and Ireland. Cicada Innovations' team does not sit on the board of any company as of now.
Here is a list of top team members in Cicada Innovations:
Name
Designation
Location
Board Memberships
Contact Details
Partner
Sydney
-
Partner
Sydney
-
-
Partner
Sydney
-
-
Partner
Sydney
-
-
Partner
Sydney
-
-
Partner
Sydney
-
Partner
Sydney
-
Partner
Sydney
-
Partner
Westmead
-
Partner
Ultimo
-
-
Partner
Sydney
-
-

Co-investors of Cicada Innovations

Over the past 7 years, 3 investors have co-invested in Cicada Innovations's portfolio companies. This includes funds and angels.

  • Top Co-investors of Cicada Innovations3 investors entered a company along with Cicada Innovations. These include investors like Alfa Ventures (1 company).

Recent News related to Cicada Innovations

Cicada HealthTech Hub launches in Western SydneySmartCompanyApr 02, 2024Cicada Innovations
Cicada Innovation's EMERGE 2020!CaluminoDec 22, 2020Calumino, Cicada Innovations
View all news related to Cicada Innovations

FAQs about Cicada Innovations

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