Qoria Limited (ASX: QOR), the Perth-born technology company pioneering online safety and digital wellbeing solutions, has achieved a market capitalisation of more than A$1.166 billion as at close of business Friday (shares closed at 87.5 cents, up 7.36% on the day). This milestone cements Qoria’s status as Australia’s newest technology unicorn and places it in a very rare club of billion-dollar tech companies with Western Australian roots.
A Rare WA Tech Milestone
Qoria’s unicorn moment underscores how unusual it is for a company founded in Perth to scale to global billion-dollar status. Only a handful of WA-born tech names have ever achieved it:
- iiNet – founded in a Perth garage in 1993, grew into a national broadband provider before being acquired by TPG in a $1.56 billion deal in 2015.
- Nearmap – founded in Perth in 2008, later headquartered in Sydney, and taken private by Thoma Bravo in a A$1.055 billion transaction in 2022.
- Canva – co-founded by Perth-born Melanie Perkins, which has since grown into one of the world’s most valuable private tech companies, now headquartered in Sydney.
That makes Qoria’s achievement especially rare: it has not only surpassed a billion-dollar valuation but has done so while remaining headquartered in Perth, Western Australia.
From Personal Tragedy to a Global Mission
The story of Qoria is deeply personal.
Tim Levy, Managing Director and co-founder, recalls:
“I was deeply affected by the cyberbullying and subsequent suicide of my niece’s best friend. I couldn’t accept that my kids – anyone’s kids – could be living, learning and playing in a space that could be so inherently dangerous.”
This tragedy sparked a conversation with his close friend and fellow telco veteran Crispin Swan. Together, with Ben Trigger and Paul Robinson, they asked one critical question:
“Why can’t we protect our children in their digital lives as well as we can in their home lives?”
From that vision, Family Zone was born in 2015. Within a year, with no revenue but an urgent mission, the company listed on the ASX through a modest A$6 million IPO backed by Alto Capital.
The Road to Unicorn Status
The company’s journey over the past decade has been defined by resilience and purpose. From its early struggles to win investor support during mining-dominated markets, to scaling internationally against global competition, Qoria has steadily built both impact and value.
In FY25, Qoria reported:
- ARR of $145 million, up 25%
- EBITDA of $15.4 million, up 684%
- Revenue of $117.3 million, up 18%
- Industry-leading SaaS metrics, including >99% recurring revenue and net retention of 103%
- Inclusion in the ASX 300 Index
These achievements have underpinned its billion-dollar valuation, giving it the scale and recognition once considered impossible for a WA-based tech company.
Global Reach, Local Heart
Despite international expansion, Qoria has kept its base in Perth. Today, it employs 600 people across 10 countries, services 32,000 schools, supports 8 million parents, and protects 27 million children worldwide.
In FY25 alone, Qoria’s safety teams made critical, life-saving interventions every two hours, contacting schools and parents when children were at risk.
Reflections & Leadership
Tim Levy said:
“Crossing the billion-dollar mark is humbling. But what excites me most is not the valuation – it’s the recognition that child digital safety matters globally. From our beginnings in Perth to protecting millions of children worldwide, this milestone belongs to our founders, our teams, our investors, and above all, the children we serve.”
Chairman Peter Pawlowitsch added:
“This is more than a financial achievement; it is proof of clear vision, discipline and purpose. Qoria has joined the short list of WA tech ventures that have scaled globally – but unlike most, it remains firmly anchored in Perth while shaping the future of online safety.”
Looking Ahead
Qoria will continue to expand its global footprint and innovate in areas such as AI-powered monitoring, wellbeing analytics, and integrated safety platforms. It expects to deliver 20%+ revenue growth in FY26, further EBITDA expansion, and transition to free cash flow positive.
Levy concluded:
“Becoming a unicorn is a milestone worth celebrating. But the real legacy of Qoria will be measured in the millions of children whose digital lives are safer because of what we do. That is what drives us every day.”
ENDS
For more information, please contact:
David Tasker
Chapter One Advisors
T: +61 433 112 936
E: [email protected]
About Qoria
Qoria is the only truly global provider of digital safety and student wellbeing solutions. Qoria's innovative integrated suite of best-in-class tools supports the needs of both schools and parents and enables a unique collaboration between them. Australian based and ASX-listed, Qoria's innovations are rapidly being adopted by school communities globally.
Website: https://qoria.com