In the year of 2008, while VC funding were still majorly dominated by U.S. money ($28.8 billion invested in over 2550 deals in 2008), compared to international fund investments ($13.4 billion invested elsewhere), there has been an average 5% growth in the venture capital deals outside the US, mainly in China and Europe.

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VC funding has been shown to be positively related to a country’s individualistic culture.

Deal Culture (H2)

Foreign Capital (H1)

Venture capitalists invested some $29.1 billion in 3,752 deals in the U.S. through the fourth quarter of 2011, according to a report by the National Venture Capital Association. The same numbers for all of 2010 were $23.4 billion in 3,496 deals.

According to a report by Dow Jones VentureSource:

  • Venture capital funding fell to $6.4 billion in the US in the first quarter of 2013
  • 11.8% drop from the first quarter of 2012, and a 20.8% decline from 2011.
  • Venture firms have added $4.2 billion into their funds this year
  • Down from $6.3 billion in the first quarter of 2013
  • Up from $2.6 billion in the fourth quarter of 2012.

State of startups (H3)

The State of Startup Funding report found that in 2021, over AUD $10 billion AUD was invested into Australian and New Zealand startups across 682 deals. This represents a 3x increase from the $3.1 billion that was invested in 2020. Some notable Australian and New Zealand startup success stories include graphic design company Canva, In 2022, the largest Australian funds are Blackbird Ventures, Square Peg Capital, and Airtree Ventures. These three funds have more than $1 billion AUD under management across multiple funds. These funds have funding from institutional capital, including AustralianSuper and Hostplus, family offices, and sophisticated individual high-net-wealth investors.

Notable institutional funds  (H4)

Outside of the ‘Big 3’, other notable institutional funds include AfterWork Ventures, Artesian, Folklore Ventures, Equity Venture Partners, Our Innovation Fund, Investible, Main Sequence Ventures (the VC arm of the CSIRO), OneVentures, Proto Axiom, and Tenacious Ventures.

As the number of capital providers in the Australian and New Zealand ecosystem has grown, funds have started to specialise and innovate to differentiate themselves. For example, Tenacious Ventures is a $35 million specialised agritech fund, Several Australian corporates have corporate VC arms, including NAB Ventures, Reinventure (associated with Westpac), IAG Firemark Ventures, and Telstra Ventures.

Separate literatures (H5)

Developed to describe both natural capital and social capital. Such terms reflect a wide consensus that nature and society both function in such a similar manner as traditional industrial infrastructural capital, that it is entirely appropriate to refer to them as different types of capital in themselves. In particular, they can be used in the production of other goods, are not used up immediately in the process of production and can be enhanced (if not created) by human effort.

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