About SaaS sector in Australia
The SaaS sector in Australia comprises 7.48K companies, including 1.05K funded companies having collectively raised $9.84B in venture capital money and private equity. Out of these, 637 are Series A+ funded, and 8 have achieved unicorn status.
SaaS sector in Australia has seen 379 acquisitions and 56 IPOs. This represents almost 5.8% of all such companies - which is higher than the 5.3% exit rate of tech companies in general.
This sector includes companies providing cloud-based, multi-tenant and subscription or on-demand B2B software applications.
All B2B software that offers cloud-based, multi-tenant solutions for business functions like Marketing, HR, Sales, Business Intelligence, etc are included in this sector. 1. All On-premise B2B software are excluded. 2. All companies that do not offer their own proprietary software are excluded. 3. Services and Consulting firms are also excluded. 4. Resellers are also excluded.
Top SaaS Companies in Australia
There are 7,483 SaaS startups in Australia which include Canva, Atlassian, Go1, SafetyCulture, Linktr ee. Out of these, 1,047 startups are funded, with 637 having secured Series A+ funding, and 8 achieving unicorn status.
Over the past 10 years, an average of 339 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Cambridge, The University of Sydney and Harvard University.
Here is the list of top SaaS startups in Australia
1. Canva
Cloud-based collaborative design platform. It enables users to create various digital content, including social media posts, presentations, and videos, through its drag-and-drop editor. The platform provides access to thousands of templates, photos, and fonts, and offers AI-powered tools for users to enhance design abilities. It allows users to edit images for presentations, invitations, posters, flyers, business cards, and more. The platform offers pre-designed templates and effects. It also provides a stock library of photographs, illustrations, and images.
Key facts about Canva
- Founded Year: 2012
- Location: Sydney (Australia)
- Stage: Series F
- Total Funding till date: $589M
- Investors: Blackbird Ventures, T. Rowe Price and 50 Others
- Latest Funding Round: Series F, May 01, 2024, $*****
- Tracxn Score: 82/100 What is this?
- Competitors Rank: 1 of 83 Competitors
2. Atlassian
Cloud-based enterprise collaboration suite solutions. It allows users to collaborate on multiple contents, track plans, and develop products. It offers tools for document collaboration, project and code management, idea generation, deadline tracking, employee engagement analytics, enterprise search, and more. It includes an issue-tracking solution and allows users to create branches, pull requests, and view commits. It provides software for internal IT and consumer service management, productivity tracking, and more. It is a tool available on the subscription based pricing model.
Key facts about Atlassian
- Founded Year: 2002
- Location: Sydney (Australia)
- Stage: Public
- Total Funding till date: $210M
- Investors: T. Rowe Price, Accel and 5 Others
- Latest Funding Round: Grant (prize money), Sep 09, 2020, $*****
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 2 of 1,795 Competitors
3. Go1
Cloud-based LMS platform for multi-industry. The product allows employers to manage the training portal and works on an aggregation model that enables users to add courses from the marketplace, create a new course with the company materials, or upload existing content. The platform provides solutions for government, enterprises, and content creators.
Key facts about Go1
Workplace safety management solutions for businesses. It enables users to digitise and enhance many operational areas by giving tools for inspections, audits, and checklists. The platform enables the digitization of processes, procedures, and rules, resulting in time and paper savings through data capture and report sharing. It also assists organisations in identifying, evaluating, and mitigating risks, optimising processes, and managing quality, safety, and compliance through the digitization of operations and the provision of inspection, audit, and checklist tools, among other things. It allows you to create mobile forms, conduct inspections, report and resolve issues, manage assets, and educate personnel.
Key facts about SafetyCulture
- Founded Year: 2004
- Location: Surry Hills (Australia)
- Stage: Series D
- Total Funding till date: $358M
- Investors: Blackbird Ventures, Insight Partners and 41 Others
- Latest Funding Round: Series D, Sep 09, 2024, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 1 of 1,212 Competitors
5. Linktr ee
Link in bio tool for creators and businesses. It enables users to consolidate multiple links to promote online presence across various platforms. It allows users to customize the appearance of the landing pages to match brands colors, fonts, and style, reinforcing visual identity and more. It helps users to create, curate, and sell links from Instagram, TikTok, Twitter, YouTube, and other social media profiles.
Key facts about Linktr ee
- Founded Year: 2020
- Location: Melbourne (Australia)
- Stage: Series B
- Total Funding till date: $166M
- Investors: Coatue, Index Ventures and 15 Others
- Latest Funding Round: Grant (prize money), 2025, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 1 of 557 Competitors
Companies founded year-on-year in the SaaS sector in Australia
623 SaaS startups in Australia were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 14 |
2024 | 94 |
2023 | 222 |
2022 | 206 |
2021 | 319 |
2020 | 623 |
2019 | 506 |
2018 | 450 |
2017 | 465 |
2016 | 497 |
Stage-wise distribution of SaaS sector companies in Australia
Out of the total 7,483 SaaS companies in Australia, 1,047 have secured funding. Among them, 637 have reached Series A or higher, and 517 to Series B or beyond.
Founded - 7,483
Funded - 1,047
Series A+ - 637
Series B+ - 517
Series C+ - 467
Company Stage | No. of companies |
|---|---|
Founded | 7,483 |
Funded | 1,047 |
Series A+ | 637 |
Series B+ | 517 |
Series C+ | 467 |
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Funding Trends in the SaaS sector in Australia
Total funding year-on-year in the SaaS sector in Australia
The SaaS sector in Australia saw a total funding of more than $8.99B in the last 10 years. The most amount of funding was in 2021 at more than $2.29B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $626M |
2024 | $810M |
2023 | $830M |
2022 | $1.88B |
2021 | $2.29B |
2020 | $783M |
2019 | $660M |
2018 | $520M |
2017 | $323M |
Recent Funding Rounds in SaaS in Australia
In the year 2025, till November 2025, SaaS companies in Australia have raised $678M in equity funding across 55 rounds.
In the same period last year (i.e. till November 2024), SaaS companies in Australia had raised $558M across 62 rounds.
So, 2025 has seen a 21.53% rise in funding in SaaS companies in Australia as compared to 2024.
Here are some recent, important funding rounds in SaaS companies in Australia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 1123 | Nov 21, 2025 | - | |
Seed | 2224 | Nov 13, 2025 | and 8 more | |
Seed | 5596 | Nov 12, 2025 | ||
Seed | 6027 | Nov 07, 2025 | ||
Series B | 3548 | Nov 07, 2025 |
Top Investors in SaaS in Australia
Felicis Ventures is the top investor in SaaS companies in Australia based on number of companies invested.
Here are some top investors in SaaS companies in Australia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Menlo Park (United States) | ||
San Jose (United States) | ||
Washington, DC (United States) | ||
Beijing (China) | - | |
Sydney (Australia) |
M&A activity in SaaS sector in Australia
In the year 2025, till December 2025, 31 acquisitions happened in SaaS sector in Australia. Last year, in 2024, a total of 43 acquisitions happened in SaaS sector in Australia.
Here are some recent, important acquisitions in SaaS sector in Australia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 18, 2025 | ||
Business Acquisition | Dec 05, 2025 | ||
Business Acquisition | Oct 20, 2025 | ||
Business Acquisition | Oct 13, 2025 | ||
Business Acquisition | Oct 10, 2025 |
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Acquisition trends in SaaS sector in Australia
Here are the acquisition trends in SaaS sector in Australia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | 26 |
2024 | 43 |
2023 | 47 |
2022 | 54 |
2021 | 55 |
2020 | 38 |
2019 | 32 |
2018 | 24 |
2017 | 18 |
2016 | 14 |
IPOs in SaaS in Australia
In the year 2022, till October 2022, 2 IPOs happened in SaaS sector in Australia.
Here are some recent, important IPOs in SaaS sector in Australia:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 06, 2022 | Australian Securities Exchange (ASX) | |
Mar 25, 2022 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Dec 16, 2021 | Australian Securities Exchange (ASX) | |
Nov 26, 2021 | Australian Securities Exchange (ASX) | |
Nov 19, 2021 | National Association of Securities Dealers Automated Quotations (NASDAQ) |
Colleges which produce the most SaaS companies in Australia
Companies founded by alumni from top colleges in the SaaS in Australia
Most number of SaaS startups in Australia have been founded by alumni from University of Cambridge, The University of Sydney and Harvard University.
College | No. of companies |
|---|---|
University of Cambridge | 10 |
The University of Sydney | 9 |
Harvard University | 8 |
University of Oxford | 8 |
The University of Melbourne | 7 |
The University of New South Wales | 7 |
Harvard Business School | 6 |
Massachusetts Institute of Technology | 6 |
IIT Delhi | 5 |
Imperial College London | 5 |
Total funding in SaaS companies founded by alumni from top colleges in Australia
In the last 10 years, The University of Melbourne graduates' SaaS companies in Australia have raised the most funding among top colleges. University of Oxford alumni are second, and Melbourne Business School alumni are third.
College | Total Funding |
|---|---|
The University of Melbourne | $1.13B |
University of Oxford | $468M |
Melbourne Business School | $375M |
The University of Sydney | $328M |
Harvard University | $260M |
The University of New South Wales | $149M |
University of Pennsylvania | $136M |
Kellogg School of Management | $132M |
University of California (Berkeley) | $112M |
University of Cambridge | $110M |
Top News in SaaS in Australia
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Safe & Green Holdings Enters Open Collaborative Framework With OneQodeNetworkNewsWire•Oct 01, 2025•Site-Safe, OneQode
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Safe & Green Holdings and OneQode Collaborate to Advance Infrastructure and Energy SolutionsWebDisclosure•Sep 08, 2025•Site-Safe, OneQode
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Ansarada Expands Middle East Presence with AI-Powered Dealmaking ToolsGulf Business•Sep 08, 2025•Ansarada
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Reckon delivers strong first half results, revenue up 16% to $33MAustralian FinTech•Aug 08, 2025•Reckon
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Reddit Accelerates Innovation and Slashes Build Times with BuildkiteBusiness Wire•Aug 05, 2025•Reddit, Buildkite
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Drop in haze, pollution contributes to China’s solar generation in Julypv magazine•Aug 01, 2025•Solcast
