Successful Businesses and Startups in Australia
Australia has produced numerous well-known local startups and successful businesses over the past ten years that have helped to make the nation recognized worldwide.
Young Australian entrepreneurs who exploited profitable small company ideas to expand their concepts into startups in Australia and businesses are responsible for the majority of these companies. Australia has made significant strides toward developing a vibrant entrepreneurship culture.
Startups of Australia – Two well-known Australian cities, Melbourne and Sydney, which are included in the list of “Ranking of Startup Cities,” reflect the culture. Melbourne is ranked 36 and Sydney is ranked 24. (source: Startup Genome).
According to a Medium post, “In the last few years alone, there had been a six-fold increase in accelerators and a 900% surge in co-working spaces: there are now roughly 170 just in Victoria.
As a result, there are 15 co-working spaces available for every 100 tech firms in the area, and one accelerator for every 41 startups in the sector.
Startups in Australia focused on artificial intelligence, SAAS-based solutions, online learning platforms, and many more topics are thriving.
Young Australian entrepreneurs who exploited profitable small company ideas to expand their concepts into startups in Australia and businesses are responsible for the majority of these companies. Australia has made significant strides toward developing a vibrant entrepreneurship culture.
5 Most Successful Businesses and Startups in Australia
1. Canva
Founder(s): Cliff Obrecht, Melanie Perkins, and Cameron Adams
Market Capitalization: 2013
Founded: $40 USD billion valuation
Industry: Graphics and Design Industry
Canva is the best as successful, and startup in Australia. The real history of Canva begins in 2008 when Melanie Perkins was observing her students struggle with the software while teaching design at the University of Western Australia.
She came to the realization that “simplification” is the solution to the programming problem with design tools, just like businesspeople who seek remedies for everyday issues do.
It was one of those “Eureka” moments that would result in the founding of Canva, one of the most well-known Australian startups worldwide, and make Melanie one of Australia’s most successful businesswomen. At her mother’s house, she began the idea and carried it through with the aid of her partner.
It initially began as a test-run company creating school yearbooks. Following the brand’s receipt of finance from Lars Rasmussen. Young Australian entrepreneurs who exploited profitable small company ideas to expand their concepts into startups in Australia and businesses are responsible for the majority of these companies. Australia has made significant strides toward developing a vibrant entrepreneurship culture.
Canva’s Story of Growth
Co-founders Melanie Perkins, Cliff Obrecht, and Cameron Adams formally unveiled the product in 2012. Due to its simplicity and ease of usage, Canva quickly became well-known. One million people using Canva as of the end of 2014. 4 million users were added by the middle of 2015.
With an estimated value of over a billion dollars in 2018, Canva became Australia’s newest “unicorn” firm, and it’s still expanding. Canva currently has more than 10 million users worldwide, based on conservative estimates. The business’s present goal is to reach 3.2 billion (according to techcrunch.com).
2. Freelancer (Freelancer.com)
Founder(s): Matt Barrie
Market Capitalization: 2009
Founded: $1 billion
Industry: Freelancing and Crowdsourcing
One of the best startups in Australia is freelancing. Since Freelancer.com first went online in 2009, it has featured a variety of avatars. Nevertheless, they continued to provide excellent services to both clients and independent contractors, like myself.
I was just beginning my entrepreneurial adventure at the time they went on an acquisition binge, and I was looking for ideas on these platforms. They acquired every resource I used to search for projects, and I ultimately found their platform.
I myself have utilized their platform both as a client and a vendor. The site is comparable to some of the top platforms for freelancers worldwide. The business was founded in 2009, with offices in Canada, England, the Philippines, Argentina, and Indonesia, and its headquarters are in Sydney, Australia.
The business generates revenue by adding a commission fee to the projects that are given to businesses on the platform.
You must be wondering how a freelancing platform can be that large.
Let me barrage you with some fascinating statistics (hide now):
- A poll conducted in 2015 by Payoneer, a platform for sending and receiving money (think of it as a relative of PayPal), found that the average freelancer worked 36 hours per week at a rate of $21 and earned around $39,000 annually.
- That is a bloody lot of money for someone living in a nation like India, Pakistan, Bangladesh, or Indonesia, as I can attest to having lived my whole life there.
- When you examine the two statistics in a relative manner, you can see that profits have increased significantly over time in this market.
- A recent statistic is another eye-opening fact to help you understand the world of freelancing. According to a survey by Ziprecruiter (year – 2019), the average freelancer would make $58,032 if they worked 36 hours per week at $31 an hour. Upwork, one of Freelancer’s rivals, claims that 70% of people who quit their jobs to work freelance earn more money than they would do so while still employed
- As a result, the industry of freelancing has experienced tremendous development. It is undeniable that Freelancer, the largest freelancing and crowdsourcing marketplace in the world, has experienced tremendous success as a result of the expansion of the freelance industry on a global scale.
- Young Australian entrepreneurs who exploited profitable small company ideas to expand their concepts into startups in Australia and businesses are responsible for the majority of these companies. Australia has made significant strides toward developing a vibrant entrepreneurship culture.
Freelancer’s Growth Story:
Freelancing is the best Best Startup in Australia. Employers from more than 247 nations, regions, and territories can connect with one another through Freelancer. Over 31 million people are currently registered users of Freelancer.
Young Australian entrepreneurs who exploited profitable small company ideas to expand their concepts into startups in Australia and businesses are responsible for the majority of these companies. Australia has made significant strides toward developing a vibrant entrepreneurship culture.
3. Envato (Best Startups in Australia)
Founder(s): Collis Ta’eed, Cyan Ta’eed, Jun Rung
Funding/Estimated Wealth: $1 billion
Founded: 2006
Industry: Online Marketplace and Freelance Services
My first stop for finding artistic resources, such as WordPress themes, animation films, and plugins, is Envato. In actuality, a seller on Envato provided the theme that was used to create our website.
They also introduced me to Elementor, one of the greatest DIY WordPress editors.
If I hadn’t discovered Envato, I would have spent thousands of dollars hiring freelancers to complete my task. But none of that really matters. Let’s examine carefully what makes Envato unique. Currently, more than ten million users of Envato utilize the marketplace to buy and sell creative assets on Envato Market.
Young Australian entrepreneurs who exploited profitable small company ideas to expand their concepts into startups in Australia and businesses are responsible for the majority of these companies. Australia has made significant strides toward developing a vibrant entrepreneurship culture.
Envato’s Growth Story:
Envato Market, Envato Studio, Envato Tuts+, and Envato Elements make up Envato (the brand).
- Envato Tuts+ is a network for learning.
- Envato Studio is a platform that connects clients and hand-selected freelancers to complete projects in a creative environment.
- Envato Elements is a subscription service that offers unrestricted access to millions of ready-to-use graphic layouts, fonts, and other assets.
None of the aforementioned platforms have I used. But I have purchased WordPress themes from ThemeForest. Are you unsure what ThemeForest is?
Here are some details you might find intriguing: One of the top 300 most frequented websites in the world is ThemeForest.
Young Australian entrepreneurs who exploited profitable small company ideas to expand their concepts into startups in Australia and businesses are responsible for the majority of these companies. Australia has made significant strides toward developing a vibrant entrepreneurship culture.
4. Airtasker
Founder(s): Tim Fung, Jonathan Lui
Funding/Estimated Wealth: $255 million
Founded: 2012
Industry: Outsourcing
Another well-known Australian firm is Airtasker. The business operates as a marketplace that matches people looking for certain jobs to be completed with competent workers.
I have personally utilized Airtasker’s services quite a bit, and I can assure you that all of the vendors on their network have consistently produced top-notch work.
In fact, all of the renovation work we had done in our home when we recently moved in was completed by contractors we hired through Airtasker, and fortunately, none of them let us down.
Tim Fung and Jonathan Lui launched the business in Sydney that same year. The business was founded on the straightforward idea (problem) that time-pressed consumers would pay someone else to conduct their errands.
Why do we ask our friends and relatives to undertake all these kinds of jobs when there are so many people out there looking for more work and extra ways to generate money?, asks Fung (the current CEO of the company).
Young Australian entrepreneurs who exploited profitable small company ideas to expand their concepts into startups in Australia and businesses are responsible for the majority of these companies. Australia has made significant strides toward developing a vibrant entrepreneurship culture.
Airtasker’s Growth Story:
- The achievement of raising AUD 1.5 million two months after Airtasker’s launch allowed it to start expanding its services to include both enterprises and people.
- The company was valued at AUD 10 million when it raised an additional AUD 2 million for a total of $3.5 million by November 2013.
- TaskBox, a rival company, was acquired by Airtasker in February 2013.
- The odd jobs outsourcing company Occasional Butler, based in Melbourne, was acquired by Airtasker in July 2014. At the time, Airtasker claimed to have 130,000 community members and an annual task run rate of over $4 million.
5. Atlassian (Best Startups in Australia)
Founder(s): Mike Cannon-Brookes, Scott Farquhar
Funding/Estimated Wealth: $22.76 billion
Founded: 2002
Industry: Software Development
Atlassian was one business or startup in Australia that genuinely put on the map for global startups. Jira and Confluence are two of the top project management tools, both of which are produced by Atlassian. I’ve used Jira for years and can attest to its value, just like I can for all the other products mentioned above. It is safe to conclude that the Project Management solution was responsible for reintroducing the word “agile” to the field of Agile Project Management.
Young Australian entrepreneurs who exploited profitable small company ideas to expand their concepts into startups in Australia and businesses are responsible for the majority of these companies. Australia has made significant strides toward developing a vibrant entrepreneurship culture.
Atlassian’s Growth Story:
Atlassian was founded by Scott Farquhar and Mike Cannon-Brookes. Today, the business can list ANZ and NASA among its clients.
At the end of 2015, Atlassian raised 462 million dollars by going public at a price of 21 per share. Later, the business paid $425 million in early 2017 to acquire Trello and its project management tool. Atlassian reported revenue of US$2.1 billion in 2021 and had more than 230,000 clients in 190 countries.
With operations in the United States, the Netherlands, the Philippines, Japan, and India, it has grown into a multinational corporation.
Young Australian entrepreneurs who exploited profitable small company ideas to expand their concepts into startups in Australia and businesses are responsible for the majority of these companies. Australia has made significant strides toward developing a vibrant entrepreneurship culture.
The market capitalization of Atlassian had also reached new highs, reaching $US22.76 billion ($33 billion). According to Mike Cannon-Brookes, co-founder and co-CEO of Atlassian, “We are a cloud-first company, with more than 125,000 of our customers utilizing our cloud products and more than 90% of our net new customers each quarter choosing a cloud product.