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Airtree Press: 2023 year in review
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From blue sky thinkers who’ve spotted a new gap, to the founders deftly navigating the rocky road to success.

Let’s talk about startups in 2023.

Great businesses are born out of challenging times.

It’s a sentiment you’ve probably heard a few times this year, including from yours truly. If you look at the Great Recession of the late 2000s, there are plenty of examples to prove this point: Airbnb, Venmo, WhatsApp and Slack.  

However, it’s hard to see the light at the end of the tunnel when you're in the thick of it–bank collapses, business closures, rising interest rates, customers and companies cutting spending, layoffs, and more. 

But the light is there.

We’ve compiled a handful of stories from the Airtree portfolio to showcase the triumphs of 2023. From the blue sky thinkers who’ve spotted a new gap, to the founders deftly navigating the rocky road to success, there’s a bunch of canny case studies to corroborate our sentiment. 

Some you may have read headlines about; others have flown under the radar. Either way, once you’ve had a read-through, you’ll get the feeling something’s in the water down under–Aussie and Kiwi founders are genuinely world-class, and we’re in for a treat in 2024 and beyond. 

Happy reading!

The Airtree team 🌳

Check out the stories below:

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Walking the Walk – Our Investment in Mr Yum
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How Airtree invested in Prospa’s $25m round reveals which startups get cash
Prospa’s addressable market is $20 billion in five years and any cursory glance at health, government, wealth or fintech will show up huge opportunities.
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Fighting financial crime – Our Investment in FrankieOne
After experiencing the pain of customer verification first-hand as a neobank, the FrankieOne team made a quick pivot to solve the problem
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Bringing predictive decision support to the paddock: our investment in Flurosat
We're always thinking about industries where Australia has a competitive advantage in developing world class disruptive software solutions such as agriculture.
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