Tenmile is a dedicated health technology investment business owned by Tattarang, one of Australia’s largest private investment groups.
With an initial capital allocation of $250 million, we act fast and with confidence, investing without some of the constraints of other venture capital funds.
Focused on supporting and building early-stage companies, we have the know-how, networks and evergreen capital to partner through all stages of growth.
With team members in Perth, Sydney and San Franscisco, we seek to address unmet needs in human health and support the development of a globally significant health science and technology sector in Australia.
Healthcare is a global challenge requiring global solutions.
Building an Australian sector means understanding international markets and trends and bringing international know-how and technology to Australian patients.
We leverage extensive local and international networks to help establish and promote the companies in which we invest, connecting them to resources that will fuel their growth.
Our remit is broad, spanning all health technology and sciences with some specific areas of interest in digital health, immunology, oncology, microbial resistance and the microbiome.
If you have a good idea and a strong business case that helps solve an unmet medical need, promotes health equity or delivers affordable, sustainable healthcare, we encourage you to apply!
Our team is driven for your success.
Tenmile’s team of business builders, specialists and experienced investors believe in the power of health technology to improve quality of life and drive better health outcomes for all.
Its trusted advisors and domain experts are united by a quest to develop and scale a health technology and sciences sector in Australia and inspire future generations of visionary innovators.
OUR VALUES
Tenmile is driven by a set of values
- Humility: Be vulnerable, take risks to trust others.
- Courage and Determination: NEGU – we never ever give up.
- Empowerment: Go to your leader for advice, not permission.
- Enthusiasm: Be the most positive person in the room.
- Family: Support each other, always be kind.
- Frugality: Think of ways we can do things better, faster, cheaper, safer.
- Generating Ideas: Always be on the lookout for breakthroughs.
- Integrity: Do what you say you’re going to do.
- Safety: Look out for your mates and yourself.
- Stretch Targets: Always be uncomfortable with your level of challenge.
DIVERSITY
Diverse management teams make good investments. For every investment we make, we seek to understand the differential impact of a product or service by gender. We actively support female founders and encourage female participation in board and executive roles, in line with our company values.
In conjunction with Tattarang, we are thrilled to be a corporate partner in Women in Leadership Development (WiLD), a program providing Australian women in science, technology, engineering and maths (STEM) with the qualifications, skills and networks needed to attain senior leadership and board positions.
ESG
At Tenmile we not only consider the Environmental, Social and Governance (ESG) risks and opportunities associated with each investment, but we also encourage and support our investees to improve their ESG risk management and develop more sustainable business practices.
To assess overall performance of potential investees, ESG factors are considered (in addition to financial performance) at the first stage of the investment lifecycle and formally at investment decision stage. This informs our ongoing investment strategy, including active monitoring, management and reporting.
For our earliest stage companies and founders, we can offer advice on sustainability and ESG opportunities, so they are incorporated from the beginning.