19 Investors and VCs Fuelling the SaaS Superstars of Australasia8 min read

19 Investors and VCs Fuelling the SaaS Superstars of Australasia

One of the main contributors to a healthy, flourishing SaaS ecosystem is the availability of capital. As we showed you in this list of SaaS companies coming out of Australasia, the region has no shortage of SaaS talent. Which suggests there’s also plenty of SaaS investors and VCs to help those companies grow.

We’ve put together a list of 19 companies fuelling the growth of these SaaS superstars – from angel investor groups right up to late-stage venture capital. Most of these companies are based in Australia and New Zealand, but we’ve also included a couple of US-based firms who have specific funds to invest in the region.

Join us on December 3-4 and become part of Australasia’s growing SaaS community. We’re looking forward to welcoming some of these investors to SaaStock Australasia – plus a line-up of incredible, insightful speakers and the best and brightest in Aussie SaaS. 

Don’t miss out! See the full line-up and book your tickets here.

Airtree Ventures 

Airtree Ventures is an established name in the Australasia VC scene, announcing their third fund – $275 million – in October 2019. Its partners boast diverse business experience and have previously invested in more than 70 companies over the past 20 years. Airtree invests across all tech sectors – from education to energy, fintech to future of work – from seed round to Series B.

Founded: 2014

Stage: Seed, Series A, Series B

SaaS Investments: A Cloud Guru, Joyous

Artesian VC

Artesian Capital Management is an alternative investments management company. It launched its first early stage venture capital fund in 2011. Its unique co-investment model outsources the selection, mentoring and due diligence of startups to partners including accelerators, incubators, university programs, angel groups and digital agencies. By outsourcing these processes to its partners Artesian can scale its investment portfolio far beyond the capacity of a traditional venture capital firm.

Founded: 2004; first fund in 2011

Stage: Seed, Early Stage Venture, Late Stage Venture

SaaS Investments: Mobble, Sourcr

Blackbird Ventures

Blackbird Ventures is a venture capital fund based in Australia and New Zealand. It invests in Australasian tech businesses at all stages, from seed to Series A and beyond. Blackbird Ventures is a collection of Australia’s most successful startup founders (from companies like Atlassian, Campaign Monitor and Trade Me) and Silicon Valley’s top investors who want to help emerging startups succeed on a global stage. 

Founded: 2012

Stage: Pre-seed, Seed, Early Stage Venture, Late Stage Venture

SaaS Investments: AskNicely, Safety Culture

Black Sheep Capital

Black Sheep Capital is one of the most experienced investors in early-stage technology startups across Australia. It aims to be the best angel and seed level investor for up-and coming-founders to want to work with. It’s making its mark as a preferred investment provider through its “everyone wins” approach that helps founders to create and grow opportunities where all parties can succeed. 

Founded: 2014

Stage: Angel, Seed, Series A

SaaS Investments: Practice Ignition, Notiv

Carthona Capital

Carthona Capital  is a hands-on, proactive, and thematic venture capital investor based in Sydney, Australia that invests globally.The Carthona Capital team likes to invest in startups at a very early stage – their initial investment into a business is usually at the Pre-Seed, Seed, or Series A stage. It likes to follow-on and continue to deploy larger amounts of capital as the business matures. Carthona is extremely hands-on with their portfolio companies, and was named the Venture Capital Investment Award Winner 2019 by the Australian Investment Council.

Founded: 2014

Stage: Pre-Seed, Seed, Series A

SaaS Investments: InDebted, Roubler

Equity Venture Partners

Equity Venture Partners is an early-stage venture firm based in Sydney, Australia. It invests in software companies at the Series A stage – specializing in B2B SaaS and enterprise software platforms. EVP is committed to building the SaaS community in Australia – its portfolio focuses on Australian based B2B or Enterprise SaaS businesses.

Founded: 2014

Stage: Series A

SaaS Investments: Deputy, SiteMinder

NAB Ventures

NAB Ventures is an Australian venture capital fund backed by National Australia Bank. It’s a global initiative supporting entrepreneurs in Australia and offshore in their quest to build leading technology companies. It invests in innovative technologies and business models on four key themes: providing a ‘connected’ experience for small and medium businesses; supporting customers through the home ownership journey; facilitating a cashless world; and helping customers build, monitor and manage wealth.

Founded: 2015

Stage: N/A

SaaS Investments: ActivePipe, Wave

OneVentures

OneVentures is one of Australia’s leading venture capital firms, investing in innovative technology and healthcare companies. In April 2019 it announced a A$100 million (target) Venture Credit fund, in addition to its Healthcare fund. OneVentures’ investor base includes many of Australia’s high net worth investors and family offices, as well as the Australian Government.

Founded: 2006

Stage: Debt, Seed, Early Stage Venture, Late Stage Venture

SaaS Investments: Employment Hero, Smart Sparrow

Our Innovation Fund

Our Innovation Fund, LP is an Australian based venture capital firm that invests in innovative, high growth or disruptive technologies or businesses, led by a team of proven business builders with a long track record of backing leading entrepreneurs. It is technology and sector agnostic, with a diverse portfolio.

Founded: 2016

Stage: Seed, Series A

SaaS Investments: Assignar, Enboarder

Rampersand

Rampersand is an early-stage venture capital firm. It invests in the best Australian technology founders, teams and companies, helping them become major national, regional and global leaders. Rampersand has previously invested in startups across fintech, data, cybersecurity, augmented reality, HR and workplace platforms. In 2019, companies with strong data strategies, cybersecurity and enterprise software are of particular interest.

Founded: 2013

Stage: Seed, Series A

: Expert360, Spaceship

Reinventure

Reinventure is pioneering founder-first corporate venture capital. It champions founders who have the vision and ambition to transform an industry across Asia-Pacific and beyond. It provides investments from seed through to Series A – primarily in FinTech and adjacent areas – nurturing scalable early businesses that will be the future of the industry.

Founded: 2014

Stage: Seed, Series A

SaaS Investments: Curious Thing, InDebted

Right Click Capital

Right Click Capital is a venture capital firm backing ambitious tech startups in Australia, New Zealand, and South East Asia. It specializes in identifying and investing in high-growth early-stage Internet-based businesses. While it invests in technology-based businesses in any sector, its historical investments have focused on startups from pre-seed to series B across software, deep tech., and the internet of things (IoT).

Founded: 2003

Stage: Pre-seed, Seed, Series A, Series B

SaaS Investments: Kami, Qwilr

Salesforce Ventures

Salesforce Ventures—Salesforce’s corporate investment group—invests in the next generation of enterprise cloud technology, with more than 300 companies in the portfolio globally. It’s a new arrival on the Aussie venture capital scene: in March 2019 it announced a $50 million Australia Trailblazer Fund to empower Australian startups and invest in innovation to create next-generation technology. 

Founded: 2009

Stage: Seed, Early Stage Venture, Late Stage Venture

SaaS Investments: Bugcrowd, Autopilot

Scale Investors

Scale is a female focused angel investor network. Its vision is to equip women to become successful investors whose wealth is enhanced through connection with, investment in, and support of women entrepreneurs in early stage businesses. Scale Investors empower Australian investors to connect, invest and succeed by providing investment and support to diverse founders in early stage businesses. Scale Investors were named Best Angel Exit of the Year at the 2019 Australian Angel Investment Awards.

Founded: 2013

Stage: Seed

SaaS Investments: Switch Automation, 

Skip Capital

Skip Capital is a Sydney-based venture capital firm that is passionate about backing technology enabled businesses. Skip invests in phenomenal founders and world class teams with deep experience, who are solving global problems. Skip Capital has made investments in artificial intelligence (AI), software as a service (SaaS), health tech, artificial intelligence, internet of things (IoT), energy, food, education, wellness and infra-tech.

Founded: 2018

Stage: N/A

SaaS Investments: Qwilr, Safety Culture

Square Peg Capital

Square Peg Capital is a venture capital fund that invests in Australia, Israel and Southeast Asia with a focus on Series A and Series B. The Square Peg team has more than 100 years of combined experience building, investing in and advising technology businesses, from start-up to multi-billion dollar public enterprises. 

Founded: 2012

Stage: Series A, Series B

SaaS Investments: Deputy, Vero

Sydney Angels

Sydney Angels is a not-for-profit angel investment membership organisation. It’s an angel group whose members invest in innovative early-stage companies with high growth potential. It offers entrepreneurs an efficient path to capital, expertise and experience from its members, who are backed by the $10M Sydney Angels Sidecar Fund. Its mission is to support the early-stage ecosystem by connecting investing members with promising early-stage companies. It believes that encouraging smart investment in startup companies will benefit its members – and more importantly, Australia’s emergent innovation economy.

Founded: 2008

Stage: Seed

SaaS Investments: Muzeek, Sourcr

Telstra Ventures

Telstra Ventures is a strategic growth investor providing venture capital investment via a “Strategic Growth Investment” approach. This approach offers entrepreneurs access to genuine revenue growth beyond the investment itself and shortens the time to reach global scale. Telstra Ventures are Australia’s largest venture capital fund and have invested over $350 million in more than 60 companies since they were founded in 2011. It is backed by Telstra, one of the 20 largest telecommunications providers globally. 

Founded: 2011

Stage: Early Stage Venture, Late Stage Venture, Private Equity

SaaS Investments: AttackIQ, Box

Tempus Partners

Tempus Partners is a leading Australian early-stage venture capital firm backing Australian founders building unique B2B and globally scalable technology companies. The team at Tempus Partners are founders, business builders and investors with a combined 40 years of experience working with internet related technology companies.

Founded: 2013

Stage: Seed, Series A, Series B

SaaS Investments: HappyCo, Mentorloop

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