Hunting for Australian unicorns: This $12b business wants to find the next Atlassian

Multi-billion dollar marketing software startup Hubspot has its eye on the next Australian unicorn as it looks for investments for its recently launched venture fund.

Mr Lindsay oversees the $US30 million ventures fund, which was launched in December 2018 with an aim of contributing to early stage funding rounds of companies with ideas to help small businesses streamline the multitude of apps and data sets at their disposal."We look anywhere — those companies could be in the United States, they could be in APAC or in Australia," he said.

The next Atlassian to come up... we would love to be a supporter of that business, so we're on the lookoutThe fund looks to partner with other VC firms to contribute to companies at the start of their fundraising journeys. Hubspot joins the ranks of a growing number of global tech competitors turning their hand to investment.$50 million fund for Australian startups alone and $600 million in global startup funding initiatives.While concerns about access to capital are still rife, these investment options add to the tens of billions of dollars in funds that are sitting in private capital markets in Australia.

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