Venture Capital (VC) firms provide capital to startups with long-term growth potential. Over the last decade, Australia has seen exponential growth in the number of startups and VC funds launched, a few of which have become world-renown.
VC firms are different from angel investors, startup accelerators, and private equity. This article focuses on venture capital firms in Australia and was last updated on 30 October 2022. If I'm missing a fund, please let me know and I'll add it.
1835i is ANZ Banking Group's external innovation and venture capital partner. They invest in and partner with fintechs that are focused on homeowners, small and medium sized businesses, trade and capital flows, and transforming businesses through data, analytics and digital technologies.
They do more than provide capital. They add meaningful value to their portfolio companies through their ability to bring significant partner relationships with ANZ and access to their extensive customer base.
808 Ventures was founded in 2016 by Gary Macbeth and Art Caisse. 808 are now established as a global team with a presence in three key time zones: Silicon Valley, London, and Perth (-8, 0,+8).
They focus on early-stage technology investments, participating in early growth rounds, and backing world-class entrepreneurs to help them build the exceptional companies.
Acorn Capital believes emerging Australian companies provide investors with the ability access attractive financial returns and portfolio diversification, whilst delivering a positive economic benefit to the broader Australian economy.
Their investment philosophy is to generate long-term outperformance through their distinctive research and investment capabilities and to identify attractive opportunities in less efficient markets. Acorn Capital targets the management of small to emerging company portfolios for clients in a way that:
- is founded on structured, fundamental investment research;
- makes full use of the business and financial markets experience of Acorn Capital’s Board and executive personnel; and
- is professionally and academically rigorous.
AfterWork Ventures is a community-powered, industry-agnostic VC fund investing in Australian and New Zealand-based startups that have $100m+ revenue ambition. They invest at the earliest stages, once you're ready to turn "after work" into "work."
Their investment process is imbued with a deep respect for founders' time, intel, and courage. Startup founders are frequently subject to hellish, drawn-out due diligence processes, only to be unceremoniously knocked back despite their best efforts.
Their commitment is to turn up for founders, and they have designed a highly transparent process that adds value at every step.
Their community is rallied around a shared goal: to invest in the next generation of Australia and New Zealand startups at the very earliest stage, and then support them on their long and arduous journey from improbability to outlier success.
AirTree Ventures is a venture capital fund focused on investing in the best Australian and New Zealand technology founders.
AirTree's mission is to back founders from the very start with strong conviction. They're long-term partners and give founders an unfair advantage to turn their audacious visions into reality. They've partnered with over 80 of the fastest growing and most impactful tech companies that are transforming a wide variety of industries.
Alberts Impact Capital
Alberts Impact Capital is a fifth generation Australian family business investing in the next generation of pioneers. They're private, patient capital who invest in impact driven pioneers, solving pressing problems, right from the start from first cheque through Series A and beyond.
They work to scale businesses that are working to create a better world, think:
- Arts, music and entertainment
- Environmental sustainability
- Mental health and well-being
Their core impact investment beliefs are:
- Purposeful drives profitable
- It takes time to build a great business
- Loyalty and long-term relationships compound
- Integrity is the bedrock for progress
- In the pioneering Australian spirit
Alchemy Ventures is an ESVCLP Fund focused on investing in early to late stage mining, financial, agricultural, and consumer technology opportunities originating from Australia and the Asia Pacific Region.
They look for businesses with a clear competitive advantage, the ability to scale in their sector globally or nationally, and a disruptive approach with a strong team.
They invest from Seed, Start-up (pre-revenue, but traction) and into Early Expansion phases and expect 60-90% of their investments will be in the early expansion stage of development, with the remaining 10-40% in the earlier stages. They generally invest between $100,000 - $5 Million and look for strong equity positions and back this up with board representation and protections for shareholders.
Ultimately, they look for businesses with strong exit potential, where they can work with the management team to build success.
Alium Capital Management
Alium Capital Management focuses on investing in private & public companies with a particular focus on providing late stage funding to technology and innovative companies intending to list on the ASX in the future.
They're bottom up investors with a deep understanding of business and value creation. Investing in companies requires interaction with management, competitive analysis and understanding catalysts that create value. The ethos of the firm is also embedded in risk management with a razor focus on managing downside risk, at all times.
Allectus Capital invests in exceptional founders with a strong mission to disrupt existing industries through world class technology. They invest across the capital spectrum with a Series A and Series B focus for revenue generating companies of US$1m+ ARR. They also invest in high conviction early stage and later stage on a very selective basis.
Their initial cheque is normally between US$2-10m and they look to support portfolio companies with further investment where they have gained relevant traction and additional guidance is beneficial.
Antler backs founders from the very beginning—whether it’s pre-team or even pre-idea—and continuing to support them on their company’s journey to greatness.
They are there when a founder is at the starting line, when everything is possible and nothing is certain. And they are still there after they make their first investment, as a long-term partner providing advice, introductions, resources, and follow-on funding—all the way to their exit.
Apex Capital is an investment firm which provides venture capital to exceptional founders who are revolutionising the financial services landscape.
Apex Capital was established over a decade ago and is wholly owned by its principals, each of whom have a wealth of experience from having worked across multiple continents with leading global firms in financial services, as well as having developed and operated their own start-up businesses.
They aim to invest at a relatively early stage in the growth of a business — a pivotal time for founders and their companies — providing their capital, time, know-how and network. They believe investing in the financial services sector demands:
- Industry Focus: Specialist field requiring deep technical, operational and regulatory knowledge
- Familiarity: Real world (not theoretical) experience of the challenges to scaling a financial service business
AraCapital is an Australasian “Private Capital” firm, targeting expansion capital and management buyout investments up to around $50 million enterprise value. AraCapital aims to generate attractive returns for all stakeholders, by growing small to medium private businesses into institutional “investor ready” enterprises.
Archangel is an early-stage venture capital fund investing in Australian startups. They work with great technology founders and investors to build game-changing companies together.
Despite record levels of capital flowing into venture in recent years, large VCs deploy the majority of their funds at Series A or later. Archangel is different, deploying most of its funds in pre-seed and seed stage investments, and its people, investment strategy, and culture are built around sourcing the very best early-stage deals and assisting those founders to build better companies in their formative first years.
Arowana has grown from its Australian roots into a global B Corporation with operating companies and investments in electric vehicles, renewable energy, vocational and professional education, technology and software, venture capital, and impact asset management.
Arowana's principal strategy is is focussed on investing in secondaries of technology-enabled companies globally. This is in partnership with selected family office co-investors.
Artesian was founded in 2004 by Jeremy Colless, Matthew Clunies-Ross & John McCartney as a global alternative investment management firm specialising in public and private debt, venture capital, and impact investment strategies.
Artesian invests in technology startups that can deliver outsize returns and impact at scale by solving the world’s critical problems. They're one of the Asia Pacific region’s most active early-stage venture capital investors, with a portfolio of over 625 startups (pre-seed to Series A) focused on climate, agrifood, health, artificial intelligence & robotics, education, and gender equality.
Their later-stage continuation funds (Series B to growth) invest in the top startups from this unique pre-screened and de-risked pipeline and provide additional co-investment opportunities to our LPs.
AS1 Growth Partners
AS1 Growth Partners is a private multi-family investment office based in Sydney, Australia. They focus primarily on growth stage technology investments in both private & public markets and take an active partnering approach with our portfolio companies and funds.
They're happy to roll-up our sleeves and share our experience and insights across strategy & growth initiatives, corporate development (IPO, M&A, capital-raising), Board & Management recruitment and investor relations.
Aura Ventures is an early stage venture capital firm backing the creators of category defining technology companies. They invest in technology startups from pre-seed to series A.
They're also founders who understand that company building can be like pushing a boulder up a hill. They've partnered with companies such as Catapult, Shippit, and Lygon as one of the first VC cheques in.
Australian Unity Future of Healthcare Fund
Australian Unity Future of Healthcare Fund focuses on delivering long term capital growth and increasing the wellbeing of Australians by investing in the future healthcare needs of Australians.
Typical investment categories include: new preventative and remedial approaches, technology, devices, biotechnologies, life sciences, pharmaceutical advancements; new or expanded services businesses, and; the built-form capacity necessary to meet the future health and wellbeing needs of Australians.
Backit Ventures backs early-stage founders to shake up their game-changing tech businesses. They're massive supporters of early-stage technology founders and love rolling the sleeves up to help make them succeed.
Bailador is a growth capital fund focused on the information technology sector, managed by an experienced team with demonstrated sector expertise. They make $5-20m equity investment into companies with a proven business model, established revenues, and excellent growth prospects.
The companies they invest in typically share the following characteristics:
- 2-6 years of operation
- Run by the Founders
- Proven business model with attractive KPIs
- Ability to generate repeat revenue
- International revenue generation
- Huge market opportunity
- Require capital to grasp this opportunity
Beachhead is a venture capital firm investing in high-growth Australian companies looking to grow larger, go further and achieve more. They seek early stage businesses with the passion and ideas to go all the way. We are looking for people with self-belief, perseverance and some rat cunning.
The majority of their investments will be in the $200k- to $1m range where the business already has a product, team and, most importantly, customers. Each of the partners of Beachhead have built a successful business and sold it. They're not investment bankers. They have varied, but complementary skill sets, and together form a powerful team.
Black Nova Venture Capital
Black Nova invests in the next generation of B2B tech startups. The Black Nova team is made up of founders, investors, experts, executives, and dreamers who are there to help founders along their startup journey.
They invest predominantly in Australian and B2B SaaS companies at the pre-seed, seed, and Series A stages. They're comfortable investing in pre-revenue businesses and are excited about the opportunity to provide the initial investment to ambitious founders.
Black Sheep Capital
Black Sheep Capital partners with world-leading founders to accelerate the transition of innovative ideas from concept to world-leading companies.
They focus on identifying exceptional founders with deep domain expertise building scalable technology companies. We’re willing to provide hands-on support from day one to day done – this is what sets us apart from the rest.
Blackbird invests in every type of technology from software to space, unified by the biggest ambitions. They invest in wild hearts with the wildest of ideas, right at the beginning.
Blackbird has a portfolio worth over $10B of more than 90 portfolio companies, including some of the most successful Australian and Kiwi startups such as Canva, Culture Amp, Eucalyptus, Safety Culture, and Zoox.
They've written a lot about what they love, so check out their blog if you want some more information about them. In particular, you should read about their mission and values, operating principles, master plan, and what they look for in founders.
Bombora provides invests in high-growth pre-IPO companies and listed equities. Their strategy is to partner with management teams of rapidly growing businesses and inject a combination of capital and expertise.
Boson Ventures backs visionary founders that aim to build and grow businesses into truly transformational enterprises. They focus on Seed Stage companies but are also open to Pre-Seed. They like to see you have some customer tractions to prove the hyperthesis embedded in the business.
Depending on the round size and the performance of the company, they will do a follow-on in Series A, but will let the larger funds support companies in the later rounds.
Brandon Capital is Australasia's leading life science venture capital firm, with a strong global presence supported by key partnerships and team members across the United Kingdom and the United States.
Through collaboration and investment, they transform promising medical research breakthroughs into medical therapies that improve patients' lives. We have supported more than 50 start-up companies to date, the majority of which were founded by them.
From early-stage seed investment through to expansion capital, they support life science companies from proof-of-concept through to commercialization.
Breakthrough Victoria is an independent company that manages a $2 billion investment fund set up by the Victorian Government to make Victoria a global innovation leader.
They support people and innovations from the first spark of an idea right through to companies with ambitions for large scale growth. And bring together investors, research institutions, governments and companies to commercialise great ideas and innovations that create jobs in emerging industries and deliver prosperity for Victoria over the next decade and beyond.
BridgeLane commenced investing in technology in 2010, subsequently launching the Tank Stream brands to kick start a technology start-up sector within Australia.
Part investors, part entrepreneurs, they don’t wait for investment opportunities, they go out and create them for themselves. Their talented multidisciplinary team are experts at spotting the emerging trends that are shaping the future of agriculture, property, and technology.
This approach combines the security of investment in more traditional categories, with the high growth potential of more innovative business models.
Cardinia Ventures supports ambitious technology founders across Australia and the US. They invest in software and hardware companies throughout a wide range of sectors from Pre-seed to Series A.
Carthona Capital was founded in 2014 when a group of like-minded venture investors came together to invest on a deal-by-deal basis.
Since then, Carthona Capital has shifted to a more traditional venture capital fund structure and is now deploying its third fund with approximately $400m in funds under management from a mix of Institutional (Superannuation), Family Office, and High Net-worth investors.
Ellerston has been actively involved in private company investments since 1999, managing early-stage investments in Seek, Carsales, and others through PBL and its affiliates.
In 2011, they launched the Ellerston Special Opportunities Platform to give their investors the opportunity to co-invest with them in unlisted Australian businesses on a deal-by-deal basis.
In 2016, they launched Ellerston Ventures Partnership LP, their first fund dedicated to private company investments. Ellerston Ventures is an Early Stage Venture Capital Limited Partnership (ESVCLP), a structure with significant tax incentives.
Five V Capital
Five V Capital is a growth partner to some of Australia and New Zealand’s leading companies. They invest across private equity and venture capital strategies, with A$1.4 billion in Funds Under Management across six funds. They're a certified B-Corporation with a formalised commitment to balance profits with purpose.
In their venture capital strategy, they invest in innovative, high growth Australian and New Zealand technology businesses ready to scale. They back companies with strong and passionate founders, going after large addressable markets, with products that resonate with customers, and strong unit economics.
They focus on investing in Series A and Series B stage opportunities, with a target initial investment range of $1m to $10m. They back companies across multiple rounds to support them through their stages of growth.
Flying Fox Ventures
Flying Fox Ventures are early-stage capital propelling Australian & New Zealand companies across the globe. They're looking for amazing people who deeply understand the challenges around them and are breaking the mold on how to solve them.
Folklore believes in the power of founder vision and the potential of teams, right from the start.
Startups are not small-big companies; they're an uninsulated journey into the unknown. As former founders and builders, they've lived the ups and downs of this journey.
They understand what it takes to move mountains, firefight, celebrate small wins, and do that day after day, year after year.
Their ambition is to be the investors they wished they had, to be a tight-knit team for their founders, a coach in the corner, and a long-term investor.
Galileo Ventures is an Aussie seed VC fund that does things differently. They invest in first-time founders in their first rounds, often before anyone else. They offer more money and hands-on support at seed.
They understand emerging founders, and aren't your average VC, with under 35-year-old, LGBT-identifying founding partners. They've built companies, accelerators and worked with hundreds of founders, just like you.
GBS Venture Partners
GBS was founded in 1996 and invests in young businesses developing and commercializing products that, when combined with the right management and finance, will make a significant difference in patients' lives and deliver financial returns for their investors.
Their areas of particular interest and expertise include human healthcare, biotechnology product development, and life science start-ups. In particular, recent investments have included biological or small molecule therapeutics, medical devices, and diagnostics.
Grok Ventures is the private investment company of Atlassian co-founder and co-CEO Mike Cannon-Brookes. They back world-class teams solving big problems to shape a better future and invest in fast-growing technology-enabled businesses.
They're private, long-term focused, patient capital and participate in early to late-stage funding rounds.
H2 Ventures are Australia's leading early-stage investors in financial services, data, and artificial intelligence.
Investing in founding teams from day zero, they become partners for life, providing more than just money. They bring networks, mentoring, and operational guidance to bold early-stage entrepreneurs with game-changing ideas in Fintech, Data, and AI.
Jelix is an Australian venture capital funds manager. They back daring founders to make the world better by investing in diverse technologies from quantum computing and renewable energy to traditional B2B SaaS.
They recognize founders as the beating heart of their business and have constructed a portfolio of 29 startups over their first five years by investing themselves and building a syndicate for each investment.
Main Sequence is a venture capital firm designed for deep tech. They have over $500m under management from lean-in LPs who help their portfolio prosper and their co-founder is Australia's $1.3b annual budget science agency – CSIRO.
They are investing in difficult-to-build companies others struggle to support. They invest from seed to Series B, starting their journey as early as possible, driving advantage into their portfolio.
M.H. Carnegie & Co
M.H. Carnegie & Co is an alternative asset manager, managing funds in excess of $900m across eight platforms, with a successful track record since its establishment in 2011. They invest across a broad range of asset classes including venture capital, private equity, real estate, and debt.
Their differentiated approach is a focus on building platform businesses with leaders in their industries. These leaders bring a wealth of sector knowledge and networks, which alongside their team's deep financial expertise adds substantial value to their investment platforms, creating industry-leading companies and attractive returns for investors.
Metagrove Ventures backs passionate & diverse early-stage founders building the future of industry destined for the world stage. Early-stage investing is their game and they're here to support founders looking to upend the status quo with a global vision from day one.
Their primary objective is to back diverse, passionate and never-say-die founders to become world-class entrepreneurs who can leverage technology to build global companies and disrupt industries right from the early stages, and support them fully on their journeys.
NAB Ventures is a venture capital fund supporting entrepreneurs globally in their quest to build leading technology companies. Their partners have founded, led, and invested in technology companies for two decades in Australia and the United States.
They leverage NAB’s core capabilities, driving customer insights, and solutions via its deep understanding of customer data along with the inherent bank capabilities of trust, security, and identity management.
One Ventures is one of Australia's leading venture capital firms, with over $500 million in funds under management.
But they do more than invest. They work with companies to take them to that all-important next stage, by actively shaping their future. Their portfolio has companies with truly innovative products tackling multi-billion-dollar world problems, from needle-free vaccinations to next-generation learning technologies to virtual communications.
Reinventure exists at the third horizon of growth, focused on creating options in future businesses through venture investment and a strategic relationship with their largest limited partner, Westpac Banking Corporation. With $150m to invest in FinTech and adjacent areas, they uncover, invest in, and nurture scalable early businesses that will be the future of the industry.
Once they invest, their job is to add value to their ventures in the best way they can, through operational experience and networks, and by unlocking maximum synergy values between the ventures and Westpac. Westpac is keen to understand emerging trends, acquire know-how from great entrepreneurs, and co-create in areas that can benefit from the complementary skillsets both parties bring.
Sapien Ventures believes big things can happen from small places.
A 90 percent chance of failure on a transformative project equals a 10 percent chance of transforming the world — The future and their admiration belongs to those dreamers who think of these unreasonable possibilities, who aren’t afraid of the high probability of failure, and who take, bold and, radical risks. They are willing to change the world by imagining what’s possible.
So, what comes next for reinvention? Public transportation? Education? Healthcare? Food? Cities? Communications? Companionship? Financial system? Imagine the possible — and take it from impossible to improbable to possible, but then again unlikely to plausible to probably to real!
SideStage backs the thinkers, dreamers, and builders blending creativity with technology to create the next generation of culture-defining companies.
As founders themselves, they understand the wild rollercoaster of growing and scaling global companies. Living and breathing the highs and lows. They've done it all before. They love getting their hands dirty. And now, they're here to help others do it too.
They bring together and connect creators with like-minded, experienced investors, founders, and operators who share their time, experience, and networks to help founders thrive.
Skip Capital is a private investment fund that was founded by Kim Jackson and Scott Farquhar, co-founder and co-CEO of Atlassian. They invest in high-growth technology companies and love to back phenomenal teams with unique experience, and a passion for solving a big problem.
They also invest in future-aware infrastructure projects in areas like wind, solar, waste processing, recycling, food, and data infrastructure.
They're a long-term investor and invest at any stage from seed to late-stage.
Southern Cross Venture Partners
Southern Cross Venture Partners backs promising entrepreneurs to build successful companies with global potential. Their funds are currently focused on technology, energy, and resources at the seed, early and growth stages.
They are uniquely placed to help entrepreneurs looking to expand globally, with a presence in the United States, Australia, and Asia, through partnerships with SBCVC. They assist their entrepreneurs by catalyzing the right connections, bringing the lessons of experience, acting as a trusted partner, and sharing in the vision of their entrepreneurs to build great companies.
Square Peg Capital
Square Peg Capital invests in emerging technology companies across the Internet economy from their bases in Australia, Singapore, and Tel Aviv.
They were founded on the belief that technology would transform every industry in the world–and that brilliant, ambitious founders would sit at the heart of this change. They're squarely focused on helping founders succeed.
Telstra Ventures invests in what's next, right now. Their global sphere of knowledge drives their investment thesis across all industries. They serve on the boards of some of the most innovative technology companies in the world.
They see global trends as they are emerging, and combine this knowledge with data, lots of data, to know where the world is heading during the next seven-to-ten years.
TEN13 is Australia’s largest venture syndicate, fuelling ambitious founders and their tech startups. They back global startups early on their journey, with a core focus on APAC, US, and Africa, with cheque sizes ranging from $250k — $10 million.
Founded by Steve Baxter and Stew Glynn, TEN13 is changing the model of venture capital from black-box 10-year VC funds to deal-by-deal venture investing at scale. They've fuelled over 40 exciting companies, including Clipchamp (acquired by Microsoft), Go1 (Australia's most recent unicorn), Chipper Cash (Africa's most valuable startup), Mr Yum (3rd largest Series A), Carted, and Delegate Connect, to name a few.
Tenacious Ventures support and invest in early-stage innovators in agrifood. They look for bold founders committed to solving big problems. They're Australia's first and only dedicated agrifood tech VC fund.
They lead early-stage investments with high-conviction and hands-on support to help agrifood tech startups grow.
They believe in a future where the global food and agriculture system is sustainable, profitable for farmers, and able to adapt to the changing needs of consumers.
Tidal Ventures invests from seed to growth behind product-led founders bound for international markets. Its mission is to help founders build momentum as bold and courageous product-led companies.
They believe in being generous with their knowledge, so they can fill the gaps for their founders and loan them the expertise to scale up big and make it globally their own way.
All their companies have a product-first mentality and effortlessly full others into their vision and story. They make the waves that power the tide.