.Australian start-ups have a solid image overseas for being actually very capital efficient-- a truth that is considerably cherished by global capitalists as the hangover coming from the era of gravy train lingers." Growth at all prices" is no more the catchcry of Silicon Valley, which is adapting to market conditions that Australian start-ups have actually had to make it through for years, where funding has actually not streamed as freely.
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Jayme Kwek, principal at Singapore-based Prosus Ventures, told Funding Concise previously this week that the fund is actively monitoring the Australian market for startup assets chances. He highlighted consumer and deeper technology as pair of locations of interest.But Kwek is not alone in his sentence, specifically in the areas that have actually caught his focus. Australian deeper specialist-- a field that has actually traditionally located it more difficult to secure local backing because of the high prices often needed to have to start-- is actually emerging as a group favourite amongst offshore VCs.