From www.abc.net.au: The number of unicorn startups in Australia has significantly increased, surging from one in 2018 to eight by 2024, with most based in Sydney.

Notable companies include Canva, Pet Circle, Employment Hero, SafetyCulture, and Immutable.

The growth of these startups reflects a stronger ecosystem attributed to supportive cultural changes and the influence of successful entrepreneurs like Atlassian founders Scott Farquhar and Mike Cannon-Brookes.