About SaaS sector in Sydney, Australia
The SaaS sector in Sydney, Australia comprises 2.38K companies, including 434 funded companies having collectively raised $4.86B in venture capital money and private equity. Out of these, 229 are Series A+ funded, and 3 have achieved unicorn status.
SaaS sector in Sydney, Australia has seen 116 acquisitions and 22 IPOs. This represents almost 5.8% of all such companies - which is higher than the 4.3% exit rate of tech companies in general.
This sector includes companies providing cloud-based, multi-tenant and subscription or on-demand B2B software applications.
SaaS sector is also known as SaaS Solutions, Advanced SaaS or Digital SaaS.
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 Sydney, Australia
There are 2,380 SaaS startups in Sydney, Australia which include Atlassian, Employment Hero, Secure Code Warrior, Apptio, SiteMinder. Out of these, 434 startups are funded, with 229 having secured Series A+ funding, and 3 achieving unicorn status.
2026 has seen the creation of 138 SaaS startups in Sydney, Australia. Over the past 10 years, an average of 113 new companies have been launched annually. Notably, several of these startups have been founded by alumni of The University of Sydney, The University of New South Wales and Harvard University.
Here is the list of top SaaS startups in Sydney, Australia
1. Atlassian
Developer of collaboration software and tools for various professional teams. The company provides project management, knowledge sharing, and IT service management solutions. It offers tools for software development, strategic planning, and team communication. The software supports agile methodologies, bug tracking, and DevOps practices. The company aims to enhance team productivity and streamline workflows across different industries.
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: 86/100 What is this?
- Competitors Rank: 1 of 1,282 Competitors
Provider of end to end HR, payroll and benefits management platform. The platform offers a unified solution for managing the entire employee lifecycle, from recruitment and onboarding to payroll processing and benefits administration. It streamlines HR processes, automates tasks, and provides tools for managing employee data, compliance, and performance. The platform also includes features for time and attendance tracking, employee engagement, and learning and development.
Key facts about Employment Hero
- Founded Year: 2014
- Location: Sydney (Australia)
- Stage: Acquired
- Total Funding till date: $460M
- Investors: Seek, One Ventures and 8 Others
- Latest Funding Round: Series F, Oct 19, 2023, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 5 of 4,066 Competitors
Provider of secure code learning platform for software development teams. The platform offers hands-on missions and contextual tools for developers to build secure software. It delivers resources for self-paced learning, customized curriculums, skills assessments, and coding tournaments. The platform helps development teams measure and improve their security framework.
Key facts about Secure Code Warrior
- Founded Year: 2015
- Location: Sydney (Australia)
- Stage: Series C
- Total Funding till date: $101M
- Investors: Paladin Capital, Goldman Sachs Investment Partners and 7 Others
- Latest Funding Round: Series C, Jul 13, 2023, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 1 of 1,275 Competitors
4. Apptio
Cloud spend management platform for enterprises. It enables users to connect multi cloud, hybrid, or saas infrastructure with cloud financial management solutions to monitor and control the costs. It allows users to allocate cloud spending across products, cost centers, business units, and more. Offering includes IT planning, resource management, program management, and more.
Key facts about Apptio
- Founded Year: 2007
- Location: Bellevue (United States)
- Stage: Acquired
- Total Funding till date: $136M
- Investors: Shasta Ventures, T. Rowe Price and 14 Others
- Latest Funding Round: Conventional Debt, Mar 23, 2018, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 1 of 395 Competitors
5. SiteMinder
Provider of a hotel commerce platform for marketing, sales, and management. The platform empowers hotels to grow their business from a single location. It offers tools for guest acquisition, revenue management, and guest experience enhancement. The platform provides integrations for property management, revenue management, and central reservation systems.
Key facts about SiteMinder
Companies founded year-on-year in the SaaS sector in Sydney
138 new startups have been founded so far in 2026 in the SaaS sector in Sydney. 156 SaaS startups in Sydney 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 |
|---|---|
2026 | 138 |
2025 | 68 |
2024 | 68 |
2023 | 87 |
2022 | 91 |
2021 | 109 |
2020 | 156 |
2019 | 136 |
2018 | 147 |
2017 | 130 |
Stage-wise distribution of SaaS sector companies in Sydney
Out of the total 2,380 SaaS companies in Sydney, 434 have secured funding. Among them, 229 have reached Series A or higher, and 173 to Series B or beyond.
Founded - 2,380
Funded - 434
Series A+ - 229
Series B+ - 173
Series C+ - 149
Company Stage | No. of companies |
|---|---|
Founded | 2,380 |
Funded | 434 |
Series A+ | 229 |
Series B+ | 173 |
Series C+ | 149 |
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Funding Trends in the SaaS sector in Sydney
Total funding year-on-year in the SaaS sector in Sydney
The SaaS sector in Sydney saw a total funding of more than $4.28B in the last 10 years. The most amount of funding was in 2022 at more than $938M. There has been a total funding of $352M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $352M |
2025 | $490M |
2024 | $316M |
2023 | $478M |
2022 | $938M |
2021 | $715M |
2020 | $362M |
2019 | $249M |
2018 | $294M |
2017 | $90M |
Recent Funding Rounds in SaaS in Sydney
In the year 2026, till August 2026, SaaS companies in Sydney have raised $352M in equity funding across 18 rounds.
In the same period last year (i.e. till August 2025), SaaS companies in Sydney had raised $394M across 24 rounds.
So, 2026 has seen a 10.77% drop in funding in SaaS companies in Sydney as compared to 2025.
Here are some recent, important funding rounds in SaaS companies in Sydney:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 1402 | Aug 13, 2026 | ||
Seed | 6672 | Jul 28, 2026 | ||
Seed | 7349 | Jul 08, 2026 | ||
Series D | 3848 | May 29, 2026 | and 3 more | |
Series C | 3233 | May 22, 2026 |
Top Investors in SaaS in Sydney
Artesian is the top investor in SaaS companies in Sydney based on number of companies invested.
Here are some top investors in SaaS companies in Sydney:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sydney (Australia) | ||
New York City (United States) | ||
Beijing (China) | - | |
Fort Worth (United States) | - | |
New York City (United States) | - |
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M&A activity in SaaS sector in Sydney
In the year 2026, till July 2026, 5 acquisitions happened in SaaS sector in Sydney. Last year, in 2025, a total of 14 acquisitions happened in SaaS sector in Sydney.
Here are some recent, important acquisitions in SaaS sector in Sydney:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 20, 2026 | ||
Business Acquisition | May 19, 2026 | ||
Business Acquisition | Apr 08, 2026 | ||
Business Acquisition | Apr 08, 2026 | ||
Business Acquisition | Jan 27, 2026 |
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Acquisition trends in SaaS sector in Sydney
Here are the acquisition trends in SaaS sector in Sydney:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 5 |
2025 | 14 |
2024 | 12 |
2023 | 11 |
2022 | 12 |
2021 | 24 |
2020 | 9 |
2019 | 12 |
2018 | 7 |
2017 | 3 |
IPOs in SaaS in Sydney
In the year 2021, till December 2021, 3 IPOs happened in SaaS sector in Sydney.
Here are some recent, important IPOs in SaaS sector in Sydney:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 16, 2021 | Australian Securities Exchange (ASX) | |
Nov 17, 2021 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Nov 08, 2021 | Australian Securities Exchange (ASX) | |
Dec 14, 2020 | Australian Securities Exchange (ASX) | |
Feb 14, 2020 | Australian Securities Exchange (ASX) |
Colleges which produce the most SaaS companies in Sydney
Companies founded by alumni from top colleges in the SaaS in Sydney
Most number of SaaS startups in Sydney have been founded by alumni from The University of Sydney, The University of New South Wales and Harvard University.
College | No. of companies |
|---|---|
The University of Sydney | 6 |
The University of New South Wales | 5 |
Harvard University | 4 |
Bayes Business School | 3 |
IIT Delhi | 3 |
INSEAD | 3 |
University of California (Los Angeles) | 3 |
University of Cambridge | 3 |
University of Oxford | 3 |
Harvard Business School | 2 |
Total funding in SaaS companies founded by alumni from top colleges in Sydney
In the last 10 years, The University of Sydney graduates' SaaS companies in Sydney have raised the most funding among top colleges. Harvard University alumni are second, and The University of New South Wales alumni are third.
College | Total Funding |
|---|---|
The University of Sydney | $265M |
Harvard University | $206M |
The University of New South Wales | $148M |
University of Pennsylvania | $132M |
University of Oxford | $94.4M |
Stanford University | $67.2M |
University of Cambridge | $37.9M |
University of Edinburgh | $31.2M |
Cornell University | $27.5M |
Kellogg School of Management | $27.5M |
Top News in SaaS in Sydney
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Employment Platform Extends Leeds United PartnershipInsider Media•Aug 21, 2026•Leeds United, Employment Hero
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Alcami Announces Strategic & Operational Investments at Tennessee FacilityContract Pharma•Jun 18, 2026•Alcami Interactive
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GBST powers Novia Global's SaaS transition with Composer platform upgradeAustralian FinTech•Jun 02, 2026•GBST
