Top Fast-Growing Western Australia Startups to Watch [2023]

Have you ever wondered who is on the list of companies with the highest growth rates in Western Australia?

You’re not alone.

There are hundreds of companies founded there, and it can be challenging to keep track of the hottest new startups.

But don’t worry, we’ve got you covered. Here are the top 6 fast-growing startups in Western Australia that have top-tier venture capital funding.

Top 6 Fastest-Growing Startups In Western Australia

1) Power Ledger

Power Ledger has created a number of world-class blockchain energy applications, including a peer-to-peer energy trading platform.

Details of the startup:

• Started in: 2016
• Founders: Dave Martin, Jemma Green, Jenni Conroy, John Bulich
• Industries: Consumer Software, Energy, Renewable Energy
• Number of employees: 11-50
• Funding amount: $35,007,383
• Number of funding rounds: 2
• Number of investors: 6

You can find their website here.

2) Moodle

Moodle is a learning platform that is free and open-source software.

Details of the startup:

• Started in: 2002
• Founders: Martin Dougiamas
• Industries: E-Learning, Education, Open Source
• Number of employees: 11-50
• Funding amount: $6,000,000
• Number of funding rounds: 1

You can find their website here.

3) HealthEngine

Patients may search, book, and manage their medical appointments on HealthEngine, an online healthcare gateway.

Details of the startup:

• Started in: 2006
• Founders: Adam Yap, Dr Marcus Tan, Mike Cadogan
• Industries: Fitness, Health Care, Medical, Software, Wellness
• Number of employees: 101-250
• Funding amount: A$37,800,000
• Number of funding rounds: 4
• Number of investors: 8

You can find their website here.

4) Agworld Pty Ltd

Agworld Pty Ltd is a software solutions supplier for the agricultural business, providing a data capture and administration platform.

Details of the startup:

• Started in: 2009
• Founders: Doug Fitch, Matthew Powell
• Industries: Agriculture, Analytics, Enterprise Software, Farming, Software
• Number of employees: 51-100
• Funding amount: A$20,500,000
• Number of funding rounds: 4
• Number of investors: 3

You can find their website here.

5) Artrya

Artrya employs artificial intelligence to provide faster and more accurate Coronary Artery Disease diagnostics.

Details of the startup:

• Started in: 2019
• Founders: John Konstantopoulos
• Industries: Artificial Intelligence, Health Care, Health Diagnostics, Medical, Software
• Number of employees: 1-10
• Funding amount: $15,000,000
• Number of funding rounds: 1
• Number of investors: 5

You can find their website here.

6) Fleet Space Technologies

Fleet is a space firm with a lot of flexibility.

Details of the startup:

• Started in: 2015
• Founders: Flavia Tata Nardini, Matthew Pearson, Matthew Tetlow
• Industries: Internet of Things, Satellite Communication, Telecommunications
• Number of employees: 1-10
• Funding amount: $11,100,667
• Number of funding rounds: 2
• Number of investors: 7

You can find their website here.

FAQs

What Is The Average Investment In Western Australia?

Based on our research,for medium startup the average investment in Western Australia is between $200,000 to $1 million.

Is Western Australia A Good State To Start A Business?

Western Australia generally has a strong economy and business friendly environment, so it can be a good state to start a business.

How Many Startups Are There In Western Australia?

There are over 2,000 startups in Western Australia.