Melbourne scale-up Envato once again flies the flag for Australian technology in the annual list of the world’s top marketplaces released by a16z, the fund of legendary Californian venture capital firm Andreessen Horowitz.
It is the 4th edition of a16z Marketplace 100and Envato, which remains privately owned, having been founded in 2006 in a Bondi garage by Collis and Cyan Ta’eed and Jun Rung made it every time.
The a16z list ranks the 100 largest consumer-focused market start-ups and private companies.
San Francisco grocery delivery service Instacart topped the list again, with Valve – the owner of game marketplace Steam – in second place, while the notorious and ethically questionable ticket seller, Viagogo, which is in violation of Australian authorities for ripping off customers, is currently facing charges Legal action at the Supreme Court in New Zealand is No. 3 on the list.
Envato Market iIt is the only Australian company on the list and one of only two of them the Asia Pacific region. US companies dominate 90% of the list, with only ten ranked marketplaces outside the US.
There were 34 new entries in the 2023 ranking, covering experience markets in food, travel and shopping reveal an emerging trend alongside work markets.
Envato CEO Hichame Assi welcomed the continued recognition of the company’s success
“We are very proud of the longevity of Envato Market, which is almost 17 years old started offering creators around the world a new way to take their creative projects to the next level.” he said.
“Since day one, we believe in creating real opportunities for creatives, making creative success achievable and accessible to everyone. Envato Market has been a big part of that goal, as well the community that supports it should welcome this acknowledgment of their inspiration and stake.”