Atlassian Accels: Raising a $60m First Round

Sydney-based enterprise software developer Atlassian has closed a $60 million first round of funding from tier one Silicon Valley VC firm, Accel Partners.

This is really great news firstly for the Australian entrepreneurial ecosystem as it shows the calibre of the folks we are spawning and secondly for one of the most savvy young entrepreneurs I’ve had the pleasure of interacting with – Mike Cannon-Brookes. He has a bright future ahead!

I first wrote about Atlassian back in 2006, at which point they were doing about $15m in annual revenue. For the last financial year this had increase to $59 million.

You can listen to a talk Mike did in 2008 at Innovation Bay here.

More coverage: TechCrunch, Sydney Morning Herald

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