Adam Marcus: Ledger

Stories naming Adam Marcus. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

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17 deals

2025 state of raising: $1.8 billion in – as late-stage deals boom

Tracxn figures show Australian tech funding reached $1.8 billion by mid-2025, powered by large late-stage rounds at Protecht, Airwallex, Harrison AI and Advancell, while seed and early-stage raising fell away sharply.

Unnamed stage $42m

Veteran Sydney software company that bootstrapped for 22 years cashes in with $445 million sale

Sydney risk-and-compliance software firm Protecht has sold a majority stake to US firm PSG Equity for US$280 million, giving Arrowroot Capital an exit three years after leading the bootstrapped company's first raise.

Startup Daily Tue 25 Mar 2025 Protecht PwC Arrowroot Capital Adam Marcus David Bergmark David Tattam

Adam Marcus

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2025 state of raising: $1.8 billion in – as late-stage deals boom

Veteran Sydney software company that bootstrapped for 22 years cashes in with $445 million sale