A snapshot into some of the big startup and venture stories last month:

The big get bigger

  • Atlassian crossed US$500 million in quarterly revenue
  • Amazon’s Australian revenue doubled during 2020 to surpass $1.2 billion
  • Canva’s making acquisitions – acquired two European startups (we have seen Safety Culture and other startups making acquisitions too)

People movers

  • Jeff Bezos is stepping down from his role as CEO of Amazon leaving the business in the hands of AWS boss Andy Jassy
  • Former AWS ANZ boss Paul Migliorini has joined Our Innovation Fund
  • Ex-Vend CEO Alex Fala has become the CEO at Syft
  • Andrew Bassat is stepping down from his role as SEEK’s CEO after co-founding and leading the business for 23 years.
  • Former Commbank boss Ian Narev is taking over the reigns

Biggest raises of the month

  • Fast raised US$102 million, led by Stripe and Lee Fixel’s (former Tiger Global investor) Addition
  • Trade Ledger raised $24 million from US and UK VC
  • Lexer raised $33.5m led by Blackbird and King River Capital
  • Employment Hero reportedly raised A$45m from SEEK, Airtree and OneVentures

Exits

  • Intuit acquired TradeGecko and OneSaaS
  • BikeExchange IPOd (Airtasker, Vinomofo, Madpaws and more on the way)
  • Elevio has been acquired by Danish customer support platform,
  • Dixa SPACs are hunting down under – Patrick Grove leading one

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Author Tobi Skovron

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