Business
Sequoia, Blackbird rule the roost as tech funding grows despite COVID fears – Sydney Morning Herald
The Australian technology sector scooped up $6.9 billion in funding for the 2020 financial year despite COVID-19 jitters hitting the market.
The Australian technology sector has sailed through the COVID-19 pandemic relatively unscathed, with global player Sequoia and local heavyweight Blackbird leading the pack of venture capital firms pumping billions into the sector.
With $6.9 billion flowing into the sector, funding levels in the 2020 financial year were slightly ahead of 2019, which recorded $6.8 billion in funding. It was also almost double that of 2018, according to startup data compiler Techboard.
Sydney-based Blackbird Vent…
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