Country comparison
Australia vs Italy: startup funding compared
Since 5 June 2025, startups in Australia raised $4.7B across 113 rounds, 2.6 times Italy's $1.8B.
Capital raised running total by month
Where the money goes share of capital by sector
Australia
Italy
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | Australia | Italy |
|---|---|---|
| CDP Venture Capital | · | 29 |
| Vento | · | 11 |
| 360 Capital | · | 8 |
| Investible | 8 | · |
| United Ventures | · | 8 |
| Antler | 6 | · |
| EVP | 6 | · |
| Italian Founders Fund | · | 6 |
| Airtree Ventures | 5 | · |
| Club degli Investitori | · | 5 |
| OIF Ventures | 5 | · |
| Startmate | 5 | · |
Startup hubs rounds and capital by city
Australia
Italy
Latest rounds
Questions
Which country raised more startup funding, Australia or Italy?
Australia. Since 5 June 2025, startups in Australia raised $4.7B across 113 rounds, against $1.8B across 117 rounds in Italy, 2.6 times more. That is 0.7% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.
How many startup funding rounds were announced in Australia and Italy?
113 rounds in Australia and 117 rounds in Italy since 5 June 2025, about 6 and 7 a month.
Are startup rounds bigger in Australia or Italy?
The median round is $6.4M in Australia and $3.8M in Italy, and the average round $41.5M and $15.3M. The median shows the typical round; the average is pulled up by a few very large ones.
What is the biggest startup round in Australia?
The biggest startup rounds in Australia since 5 June 2025 are Firmus ($2B, 7 Aug 2026), Firmus Technologies ($505M, Growth, 6 Apr 2026) and Firmus Technologies ($326M, 14 Nov 2025).
What is the biggest startup round in Italy?
The biggest startup rounds in Italy since 5 June 2025 are Exein ($270M, 15 Sept 2026), Bending Spoons ($270M, Growth, 30 Oct 2025) and AAVantgarde Bio ($141M, Series B, 3 Nov 2025).
Which sectors attract the most startup funding in Australia and Italy?
In Australia, AI ($3.3B, 70% of the capital), Fintech ($399M, 9%) and Climate & Energy ($218M, 5%) lead. In Italy, AI ($544M, 30% of the capital), Enterprise software ($358M, 20%) and Health ($335M, 19%) lead.
Is Australia or Italy better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 58% of rounds in Australia and 57% in Italy. Australia recorded 44 Pre-Seed or Seed rounds and Italy 52 Pre-Seed or Seed rounds, with a median of $1.9M and $2.3M.
How much growth funding (Series B and later) goes to Australia and Italy?
Startups in Australia raised $1B in 17 Series B or later rounds, 22% of the country's capital. In Italy, $461M in 8 rounds, 26% of the capital.
Who are the most active startup investors in Australia?
Investible (8 rounds, 2 led), EVP (6 rounds, 2 led) and Antler (6 rounds, 2 led) are the most active investors in Australia.
Who are the most active startup investors in Italy?
CDP Venture Capital (29 rounds, 10 led), Vento (11 rounds) and United Ventures (8 rounds, 6 led) are the most active investors in Italy.
Which investors back startups in both Australia and Italy?
5 investors joined rounds in both countries. The most active: Playground Global (1 in Australia, 1 in Italy), Left Lane Capital (1 in Australia, 1 in Italy), Baillie Gifford (1 in Australia, 1 in Italy), T. Rowe Price (1 in Australia, 1 in Italy) and a16z speedrun (1 in Australia, 1 in Italy).
Which cities lead startup funding in Australia and Italy?
Sydney leads Australia with $2.4B across 36 rounds, ahead of Melbourne ($336M). Milan leads Italy with $976M across 53 rounds, ahead of Rome ($381M).
Which month brought the most startup funding?
In Australia, August 2026 ($2.1B). In Italy, October 2025 ($474M).
How much did startups in Australia and Italy raise in the last 90 days?
In the 90 days to 12 Nov 2026, startups in Australia raised $94.1M across 6 rounds and in Italy $391M across 12 rounds.
Where does this data come from?
FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.