Country comparison
China vs Australia: startup funding compared
Since 5 June 2025, startups in China raised $28.3B across 64 rounds, 6.0 times Australia's $4.7B.
Capital raised running total by month
Where the money goes share of capital by sector
China
Australia
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | China | Australia |
|---|---|---|
| Investible | · | 8 |
| Qiming Venture Partners | 7 | · |
| Antler | · | 6 |
| EVP | · | 6 |
| IDG Capital | 6 | · |
| 5Y Capital | 5 | · |
| Airtree Ventures | · | 5 |
| OIF Ventures | · | 5 |
| Startmate | · | 5 |
| Airtree | · | 4 |
| Blackbird | · | 4 |
| Blackbird Ventures | · | 4 |
Startup hubs rounds and capital by city
China
Australia
Latest rounds
Questions
Which country raised more startup funding, China or Australia?
China. Since 5 June 2025, startups in China raised $28.3B across 64 rounds, against $4.7B across 113 rounds in Australia, 6.0 times more. That is 4.0% and 0.7% of all the capital FundraiseBase tracked worldwide over the period.
How many startup funding rounds were announced in China and Australia?
64 rounds in China and 113 rounds in Australia since 5 June 2025, about 4 and 6 a month.
Are startup rounds bigger in China or Australia?
The median round is $112M in China and $6.4M in Australia, and the average round $441M and $41.5M. The median shows the typical round; the average is pulled up by a few very large ones.
What is the biggest startup round in China?
The biggest startup rounds in China since 5 June 2025 are DeepSeek ($15B, 22 Oct 2026), Moonshot AI ($3.5B, Series F, 30 Jul 2026) and StepFun ($717M, 26 Jan 2026).
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).
Which sectors attract the most startup funding in China and Australia?
In China, AI ($23.8B, 84% of the capital), Robotics & Hardware ($2.1B, 8%) and Health ($765M, 3%) lead. In Australia, AI ($3.3B, 70% of the capital), Fintech ($399M, 9%) and Climate & Energy ($218M, 5%) lead.
Is China or Australia better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 27% of rounds in China and 58% in Australia. China recorded 6 Pre-Seed or Seed rounds and Australia 44 Pre-Seed or Seed rounds, with a median of $41.9M and $1.9M.
How much growth funding (Series B and later) goes to China and Australia?
Startups in China raised $6.1B in 19 Series B or later rounds, 22% of the country's capital. In Australia, $1B in 17 rounds, 22% of the capital.
Who are the most active startup investors in China?
Qiming Venture Partners (7 rounds, 2 led), IDG Capital (6 rounds, 5 led) and 5Y Capital (5 rounds) are the most active investors in China.
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.
Which investors back startups in both China and Australia?
No investor in FundraiseBase joined rounds in both countries yet.
Which cities lead startup funding in China and Australia?
Beijing leads China with $6.8B across 19 rounds, ahead of Shanghai ($1.2B). Sydney leads Australia with $2.4B across 36 rounds, ahead of Melbourne ($336M).
Which month brought the most startup funding?
In China, October 2026 ($15.5B). In Australia, August 2026 ($2.1B).
How much did startups in China and Australia raise in the last 90 days?
In the 90 days to 9 Nov 2026, startups in China raised $17.3B across 14 rounds and in Australia $94.1M across 6 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.