Australia's Venture Capital Deals Slide 30% From Record Year.

Australian startups raised A$7.4 billion ($5.1 billion) across 712 deals in 2022, down from A$10.6 billion across 731 deals in 2021, according to the annual State of Australian Startup Funding report by Cut Through Venture and Folklore Ventures. (Bloomberg) -- Venture-capital investments in Australia plunged by about a third in 2022, following the lead of listed global technology companies and venture markets. Six Australian startups hit the unicorn status in 2022, including social media startup Linktree, the report showed. [Extracted from the article]

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