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Friday, October 11, 2024

Envato makes the lower for a 4th time as the one Australian tech firm in US VC a16z’s annual Market 100 rankings


Melbourne scale-up Envato is flying the flag for Australian tech as soon as once more within the annual listing of the world’s greatest marketplaces launched by a16z, the fund of legendary Californian enterprise capital agency Andreessen Horowitz. 

It’s the 4th version of a16z Market 100, and Envato, which stays privately owned, after it was based in a Bondi storage in 2006 by Collis and Cyan Ta’eed and Jun Rung, has made the lower each time. 

The a16z listing ranks the 100 largest consumer-facing market startups and personal corporations.

San Francisco grocery service Instacart as soon as once more topped the listing, with Valve – the proprietor of recreation market Steam – in second place, whereas the infamous and ethically doubtful ticket vendor, Viagogo, which has fallen foul of Australian authorities for ripping off prospects, and presently faces Excessive Courtroom authorized motion in New Zealand is No. 3 on the listing. 

Envato Market is the one Australian firm on the listing and certainly one of solely two from the Asia-Pacific area. US companies dominate 90% of the listing, with simply ten ranked marketplaces primarily based outdoors of the USA. 

There have been 34 new entries into the 2023 rankings, with expertise marketplaces in meals, journey and buying revealing an rising pattern beside work marketplaces.

Envato CEO Hichame Assi welcomed the continued recognition of the corporate’s success

“We’re very pleased with the longevity of Envato Market, which is approaching 17 years because it first began empowering creators world wide with a brand new approach to stage up their inventive tasks,” he stated. 

“Since day one, we’ve believed in creating real alternatives for creatives, making inventive success achievable and accessible for all. Envato Market has been a giant a part of that goal, and the neighborhood that helps it needs to be thrilled with this acknowledgment of their inspiration and dedication.” 

 



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