The economy of Australia is 15th largest in world, with a nominal GDP of USD 1.950 trillion. Australia economy is dominated by its service sector, comprising 62.7% of the GDP and employing 78.8% of the labour force. China is the largest trading partner of Australia.
Australia has a thriving startup ecosystem supported by key factors like its location, access to sea routes with modernised ports, development of industries, developed cooperative banking sector, developed social market economy, rich in natural resources, highly efficient and strong social security system, also developed in exports top-ranked educational institutions and government regulations. The majority of Australia startups are located in Sydney and Melbourne.
We, at Tracxn, keep a track of the latest happenings in the world of startups and their associated ecosystems - including venture capital funds, private equity funds and investment banks amongst others.
In this edition, we have the ‘Soonicorn Club of AustraliaTech 2026’– an exclusive list of the most promising AustraliaTech startups that have also reached significant valuation milestones over the previous few years.