The ranking puts Envato alongside some of the worlds most recognisable brands such as MasterClass, Udemy and InstaCart.
Envato has been named Australia's top independent online marketplace in an annual global ranking compiled by Silicon Valley venture capital firm Andreessen Horowtiz.
The a16z Marketplace 100 ranks the largest consumer-facing marketplace startups and private companies in the world. Envato was the only Australian company to make the top 100 this year, and improved its global ranking to 32, up 12 spots on last years list.
It puts Envato alongside some of the worlds most recognisable brands such as online education providers MasterClass and Udemy, grocery delivery service InstaCart, ticket booking service SeatGeek, and Valve, the owners of online games marketplace Steam.
Envato CEO Hichame Assi said the company’s ranking was pleasing recognition for the impact it was having internationally.
“We’re proud of this recognition of our growth and standing amongst other marketplaces. It solidifies our reputation as a leading independent brand supporting creativity around the world.”
“We are laser-focused on our global creative community each and every day, with thousands of creatives trusting us to help them bring their creative dreams to life.”
“We’re not comfortable with just being an Australian success story, and we expect that our future of growth 'will position for more global success in the future.”
Rankings authors D’Arcy Coolican and Brandon Barros noted that the success of marketplaces in 2020 was greatly impacted by the global pandemic.
“As 2020 drew to a close, however, many marketplaces proved to be extraordinarily resilient—a testament to the flexibility of the model. In a year when in-person interactions were heavily restricted and unemployment went through the roof, marketplaces allowed people to access the products and services they needed and, in many cases, monetize their own talents, services, and resources.
“The second edition of the Marketplace 100 offers a new perspective. The ranking is revealing not only in uncovering the top companies and categories of an unprecedented year but also in showcasing certain startups’ consistency since 2019.”