New South Wales is leading the nation in the number of venture capital deals done in the 2014 financial year, accounting for just over a third of companies receiving investment.
AVCAL data shows in the last financial year, $1.65 billion or 67% of private equity and venture capital investment (in dollar terms) was tipped into companies headquartered in NSW. Two of the biggest deals were registered in NSW, including US-based Platinum Equity’s acquisition of a 70% stake in Telstra’s listing business Sensis in February which valued the business at $649 million, and Campaign Monitors’ $US250 million funding deal.
Victoria came in second, accounting for 22% of investment, followed by Queensland with 11%.
AVCAL mapped out the geographical distribution of Australian investments over the past four financial years: