{"version":"1.0","type":"card","id":"b27b4ea7-37de-4dbe-a93e-8e043a4e31fa","url":"https://stacklist.com/card/b27b4ea7-37de-4dbe-a93e-8e043a4e31fa","title":"Australian sub-$5M rounds hit a six-year low while total capital rose 60%","source_url":"https://www.forbes.com.au/news/entrepreneurs/vc-funding-dries-up-for-australian-startups-even-as-ai-hype-grows/","note":"Cut Through Venture Q2 2026 data via Forbes Australia: just 31 sub-$5M rounds, a 44% drop and the lowest early-stage deal count since 2020 — against total capital up 60% year over year to $1.7B. The thesis in miniature: fewer doors, more money behind each one.","image":null,"stack":{"id":"f749507d-ba2d-4b0d-8e55-a1dbe6d71d62","title":"Signals Served #021 — Same Round, Different Market","url":"https://stacklist.com/c/finance/stack/f749507d-ba2d-4b0d-8e55-a1dbe6d71d62"},"created_at":"2026-07-27T19:43:53.996Z","updated_at":null,"aco":null,"_links":{"self":"/api/public/card/b27b4ea7-37de-4dbe-a93e-8e043a4e31fa.json","html":"https://stacklist.com/card/b27b4ea7-37de-4dbe-a93e-8e043a4e31fa","md":"/api/public/card/b27b4ea7-37de-4dbe-a93e-8e043a4e31fa.md","stack_json":"/api/public/stack/f749507d-ba2d-4b0d-8e55-a1dbe6d71d62.json"}}