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Black Nova Group

blacknovagroup.com

About

We're an early stage venture capital limited partnership championing the next generation of B2B technology startups in Australia and New Zealand. Investing in ambitious founding teams at pre-seed, seed and series A funding.

An open letter to startups Hello, it’s nice to meet you.

We are Black Nova VC, a team of founders, turned investors. We have successfully built and exited companies and we can empathise with what you’re going through. We get it. We get you. That’s why we believe we can help.

We strive to develop long, enduring and strong relationships that last well beyond the exit. We will roll up our sleeves and become an extension of your team in a heartbeat when needed. But we will also give you the time and space to focus on building without getting in your way.

We support our portfolio companies with our time, our network, our experiences and our multiple initiatives. Our support is enabled by capital, not the other way around.

We are a thematic fund focused on B2B SaaS companies. Our specialisation allows us to go deep in specific areas to the benefit of our portfolio companies.

We want our best ambassadors to be our portfolio companies. We understand that investing is a two way street and a strong culture fit and capabilities between a VC and the portfolio company is key to make the relationship successful. That’s why we invest time to get to know each other before deciding to work together. On that note, if you have an idea, a company ready to raise capital or just want to reach out to discuss anything, reach out to hello@blacknova.vc.

Onwards and Upwards,

The Black Nova VC Team

We invest in out of this world founders, building companies in the B2B SaaS technology space

  • Getting a foot in the door
  • It all starts with the intro, and honestly, we don’t mind where it comes from. Whether it’s a hot, warm or even cold intro, we look forward to speaking with you. Meet us at events, online or, if you fit the B2B SaaS category and want to chat, you can even send us your pitch deck.
  • It’s great to meet you! From here we take a look at your pitch deck and do some light due diligence to see if the stars align.
  • If you fit the mandate and we think we can help we will set up a pitch meeting. If not we will send you a quick email to let you know that we won’t proceed further and why that is.
  • The Pitch
  • Great! The stars have aligned, next step, you will sit down (in person or virtually) with a member of the Black Nova team to tell us more about your business. Here we will ask questions to deep dive into the company. Part of the meeting is also for you to ask us questions; it’s always a two-way street.
  • The deep dive continues as we conduct further due diligence on you and the business. We most probably need additional meetings at this stage but we always try to find the right balance between getting to know each other but not taking much of your time. At this stage we will ask you to share specific data with us relative to the stage you are at (we really try to keep our data requests to the bare minimum and not divert you from building).
  • If at this point we decide to bow out, we will let you know and offer feedback. Alternatively, once we have finished the due diligence we will discuss the opportunity to partner with you over our Investment Committee.
  • At the investment committee meeting we may invite you to ask our final burning questions and answer any more questions you may have.
  • Decision Time
  • The final stage! We don’t want to keep you waiting so we aim to have a decision for you as quickly as possible. We aim to complete the whole process, from first meeting to money in the bank- in 6-8 weeks max. However, the truth is that sometimes we may need more time than that. This is because ensuring there is a cultural fit is a top priority and this may take time.
  • If we do not go ahead with investment for this round we will be sure to provide feedback and happy to jump on a call to discuss. If it’s a yes… congratulations! We are looking forward to working with you and seeing your business grow.

Black Nova Investment Thesis

  • We invest predominantly in Australian and B2B SaaS companies at the pre-Seed, Seed and Series A stages.
  • We are comfortable investing in pre-revenue businesses
  • We are excited with the opportunity to write the first check for ambitious founders
  • When making our decisions, we weight the following:
  • Team
  • Market
  • Product
  • Defensibility
  • Technology

Markets

Australian And New Zealand Tech Ecosystem
B2B SaaS
Early-Stage Technology Investing
Enterprise Software
Venture Capital And Startup Funding

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