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Metro area · Oceania

Sydney

Metro area · Australia · Pop. 5.2M · #29 city by EV

A public taster of the full Sydney ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

$208B+70%
Combined startup EV
$1.3B
VC invested (last 12mo)
2,089
Tracked startups
#56/ 199
Unicorns per 1M people · cities rank
🦄 Unicorns
18
18 live · +0 new in 2025 (incl. 0 new decacorns)
💎 Decacorns
5
$10B+ tier
🐎 Thoroughbreds
24
Top 1% growth · $500M+

Enterprise value · 2015–2025

Sydney grew 24.3× since 2015

Combined enterprise value of every tracked startup headquartered in Sydney that's still operating today — public and private companies combined, totalled by founding-year cohort.

0 $75B $150B $225B $300B Sydney · $208B 2015 2018 2021 2024 2025

Adjacent cities by EV

Startup funnel

Sydney's power-law funnel

From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.

Pre-Seed
423
Seed
355
Series A
270
Series B
124
Series C
67
Unicorn
14
Decacorn
5

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

Notable companies

Top private companies in Sydney

Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.

Decacorns $10B+ valuation 5
AtlassianAfterpayCanvaWiseTech GlobalAirTrunk
Unicorns $1B+ valuation 14
ImmutableEucalyptusTemple & WebsterBugcrowdNearmapAudinateAdvanced NavigationPet CircleSafetyCultureDeputyZipSiteMinderPlentiEmployment Hero
Thoroughbreds+ $100M+ revenue 23
AtlassianCanvaWiseTech GlobalZipIRENTemple & WebsterTyro PaymentsPet CirclePlentiEucalyptusSiteMinderOFXNuixMoneyMeLyka Pet FoodBugcrowdAirTrunkProspaImmutableSafetyCulture

Academia

Sydney's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Sydney.

University-linked startup formation
139
University spinouts
1,629
Total alumni-founded companies
1,114
Of which startups (<$15M raised)
388
Breakouts ($15M-100M)
127
Scaleups ($100M+)

Vs. similarly-sized ecosystems

How Sydney stacks up

Peers chosen from the same country (Australia), sized closest to Sydney by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.

Combined enterprise value
Sydney
$208B
$50.6B
$12.5B
$5.1B
$3.1B
EV growth (5-yr ×) vs current EV

Top overview

Australia — top cities

Top cities in Australia ranked by combined EV. Sydney's row is highlighted.

# Ecosystem Combined EV 5-yr EV growth Unicorns VC invested Tracked startups
1 Sydney $208B 14.1× 18 $1.3B 2,089
2 Melbourne $50.6B 4.8× 20 $1.5B 1,340
3 Brisbane $12.5B 4.9× 3 $117.3M 456
4 Perth $5.1B 7.2× 1 $42.6M 202
5 Adelaide $3.1B 12.3× 1 $58.9M 143

Premium analytics

What we don't show on this page (yet)

Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Sydney dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Sydney's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Sydney's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Sydney's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Sydney's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Sydney
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Sydney
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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