Top 9 VC Firms in Australia

Last updated: August 29, 2024
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Australia’s startup industry has gone through exceptional growth in the last 4 years. Around 60%  of the total startup funding in Australia has been provided to early-stage businesses with the leading industries being AI and software.


In such an active environment, it’s no wonder that there are hundreds of startup investors who are actively funding businesses throughout different stages.


Following is a list of some of the top venture capital firms in Australia.


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    Top 9 VC Firms in Australia 

    Before we start, remember that the following list has ranked these investors based on their active involvement and total investments. 


    On to the list now!


    AirTree Ventures

    airtree

    • Contact:  media@airtree.vc

    • Website: Airtree Ventures

    • Focused Sectors: Software, Information Technology, SaaS

    • Present in: Australia, United States, Singapore, and New Zealand

    • Notable Investments: Zeta Markets and Constantinople 

    • Total Investments: 75


    AirTree Ventures is a well-known Australian venture capital firm that supports early-stage startups. The firm backs Australian and New Zealand founders who are building innovative technology companies. 


    Moreover, AirTree Ventures has made over 14 investments in 2024 and is currently Australia's most active tech investor. They also have a group of experienced mentors who guide startups when things don't go in the right direction.


    The investment range of AirTree Ventures can go up to several million AUD. 


    Reinventure Group 

    reinventure

    • Contact: info@reinventure.com.au 

    • WebsiteHome - Reinventure

    • Focused Sectors: FinTech, Software, Financial Services

    • Present in: Australia, Indonesia, and New Zeland

    • Notable Investments: Basiq, Zeller, Slyp, Curios Thing AI, and Society One

    • Total Investments: 25 


    Founded in 2014, Reinventure Group is also one of the prominent investors in Australia. The network is headquartered in Sydney with around 25 investments in the technology sector.


    The investors usually invest at the early and seed stages, with a strong focus on companies that have low competition. Since its inception, Reinventure Group has invested around 300 Million AUD in software and fintech startups.


    Their average check size is between 5M and 10M AUD.


    Artesian Investments

    artesianinvest


    Artesian is a global alternative investment management firm and VC firm. It was founded in 2004 by Jeremy Colless, Matthew Clunies-Ross, and John McCartney.


    In 2024, Artesian has already invested in 7 software startups and is known to be one of the most active VC firms in Victoria. The team of investors focuses on public and private debt, venture capital, and impact investments.


    The average check size of Artesian Investment firm is around 5M AUD. 


    Antler

    antler

    • Contactinfo@antler.co

    • WebsiteAntler 

    • Focused Sectors: Fintech, Software, IT, and SaaS

    • Present in: London, Berlin, Stockholm, New York, Singapore, and Sydney

    • Notable Investments: Regrow Ag, Snappr, and Dragph Labs

    • Total Investments: 1,000+


    Antler is a global venture capital firm that has a portfolio of more than 1,000 startups. The network has been investing since 2017 and they usually invest in innovative startups at the early stage.


    Antler incubates startups from various sectors, providing them with funding and guidance from day 1. The firm is currently investing in 6 countries and their total portfolio value stands at around 7.1 Billion AUD. 


    The investment range of Antler isn't mentioned on their website as it depends on the startup's ROI and idea market.


    Investible 

    investible

    Contact: info@investible.com

    Website: Investible |

    Focused Sectors: Software, E-Commerce, and Fintech

    Present in: Australia, United States, Singapore

    Notable Investments: Bygen, Veyor, Switchboard and Xefco

    Total Investments: 150+


    Investible is an early-stage venture capital firm that backs startups in the IT sector. They have a mission to provide deserving startups with capital, expertise, and networks that will be needed to thrive in their respective sectors.


    When making investments, Investible partners fund Series A and pre-seed startups. The network has made more than 100 investments in the last decade and will continue to expand its portfolio by making global investments.


    The average check size of Investible is around 2M AUD.


    OIF Ventures

    ourinnovationfund

    • Websiteourinnovationfund.com.au

    • Focused Sectors: Software and Fintech

    • Present in: Aus, USA, and Brazil

    • Notable Investments: Zitcha and Nullify

    • Total Investments: 120+


    OIF Ventures was founded in 2016 as Our Innovation Fund by prominent Australian entrepreneurs, business builders, and investors. The network invests in early-stage companies across various sectors and has funded hundreds of businesses since their inception.


    Although OIF mostly invests in cybersecurity-related startups, they also started a fintech investment program in 2024. The team of investors prioritizes startup innovation and only invests in businesses that don't have strong market competition.


    The average check size of OIF Ventures is around 500,000 AUD.


    Alium Capital

    aliumcap

    Contactinvestors@aliumcap.com.

    WebsiteHome - Alium Capital Management

    Focused SectorsSoftware, Financial Services, FinTech

    Present inAustralia, United States, Singapore

    Notable Investments: Beforepay, Liven, Open, Daise, Ordre, Academy XI, Design Crowd

    Total Investments: 89


    Alium Capital is a VC firm that focuses on both listed and unlisted technology investments. The network was founded in 2016 and has been investing in many countries. The firm is a cross-over tech investment firm that Michael Considine and Rajeev Gupta founded. 


    Like most other businesses, Alium Capital also strongly emphasizes growth potential. The investors organize several pitching competitions and only invest in startups that can at least generate 4-6x ROI within 36 months of investment.


    Other than the investment activities, Alium Capital also organizes many networking events for its portfolio companies. 


    The investment range of Alium Capital can go up to several million dollars, depending on the estimated ROI and targeted market. 


    BetterLabs Ventures

    betterlabs


    BetterLabs Ventures is an early-stage venture capital fund and venture studio based in Perth, Australia. It operates as a venture studio and supports startups to thrive in their relative sector.  Recently, they have launched a funding program dedicated to fintech and insurtech-related businesses.


    Startup leaders can apply for funding from the website and participate in investor meetings. Investors at BetterLab Ventures usually invest in startups that can solve a real-time problem and generate 2-5x ROI within 24 months of investment.


    The average check size of BetterLabs Ventures is around 500,000 AUD.


    x15 Ventures

    x15ventures

    • Website:  X15ventures

    • Focused SectorsFinTech, Payments, SaaS

    • Present in: Australia

    • Notable Investments: Truyu and Patron


    x15 Ventures is a venture scaler that builds, buys, and invests in startups. The firm is supported by the Commonwealth Bank of Australia and invests in startups that are providing solutions.


    Their criterion for investment is very simple. x15 invests in startups that can 

    • Generate 3-5x ROI within 3 years of investment.

    • Have the ability to stand out

    • Being led by founders who are well experienced. 

    The average check size of x15 Ventures is around $100,000.


    Will The Tech Sector Grow In Australia?

    A big Yes! The coming years can prove to be very positive for the tech landscape in Australia. 


    Since 2018, Australia has improved a lot and become a hotbed for tech startups. Air Wallex and Canva are some of those unicorn names that we have heard from the Australian startup ecosystem. 


    Here is what we predict for the future of technology startups in Australia.


    More Competition

    As new businesses are getting funded every day, it’s no wonder that the Australian tech market will face high competition. This can result in an improved job market and economic stability. 


    Increased Investment

    Just like in 2024, we will witness much higher support from the VC firms, and the flow of capital into the fintech sector will rise. According to Gartner’s report, the support from VC firms is likely to increase as we can already see an increase of $6 Billion from the total investment in startups. 


    International Collaboration

    Markets can only grow through strong collaboration by international companies. However, Australia has been lacking such an environment for a long time. 


    In the coming years, we can witness a lot of new international collaborations that will boost the entrepreneurial landscape of Australia as well as the tech sector.  


    Wrapping Up, What’s Needed To Pitch To Startup Investors?


    So, as we have completed our list of the top VC firms in Australia, let us wrap up with some important tips.


    Early-stage startups always find it hard to pitch to angel investors. This is either because the startup leader is attending their first meeting, or he/she cannot find a correct investor with an identical mindset.


    In both situations, research plays a strong role. We advise startup leaders to conduct professional research, study their minds, and pitch in the best way to potential investors.


    Frequently Asked Questions

    Q: Do Angel Investors Provide Mentorship Programs?

    A: Yes, many angel investors provide mentorship programs and financial support. They leverage their experience to offer strategic insights, assist in critical decision-making, and facilitate introductions to their network connections. This mentorship is pivotal for startups, aiding them in overcoming obstacles and expediting their growth trajectory.



    Q: What is the difference between Venture Capital Firms and Individual Angel Investors?

    A: Venture capital firms are organized setups that aggregate capital from various investors and deploy it into startups at a larger scale, offering expertise and guidance.


    In contrast, individual angel investors are private individuals who invest personal funds directly into startups, typically at an early stage, using a more personalized approach and hands-on involvement in the startup's growth.



    Q: How to make your startup investable?

    A: To make a startup investible, focus on a scalable business model, a strong team, a well-defined market opportunity, and evidence of market validation.



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