Let’s build the future together.

Building a startup in New Zealand requires more than just resilience and a great idea. It also requires capital. Whether you're at the early stages of your business investing in R&D or facing the challenges of a competitive industry, having financial support can make all the difference.

Recognising this, the New Zealand government actively invests resources in supporting small businesses in our beautiful country. To help you navigate the different funding options, we've compiled a comprehensive list of the top startup grants for tech startups in New Zealand.

What is a Startup Grant?

A startup grant is a sum of money awarded to businesses that meet the eligibility criteria to support their business idea or growth initiatives. These funds are not usually provided as a loan, and therefore repayment is not required. However, this is not free money in the sense that recipients of the funding opportunities are often required to detail how the funds will be spent and demonstrate the grant's impact on their business.

Self-Employment Startup Payment

The Self-Employment Startup Payment is a form of financial aid to help individuals start a new business. It aims to provide financial support for the essential startup costs that may pose a hurdle to new entrepreneurs.

Criteria

To be eligible for Self-Employment Startup Payment, applicants must:

• Be initiating a new business venture
• Require financial assistance for critical startup expenses

What you get

Up to $10,000, supporting critical startup costs.

This grant can be applied towards:

• Initial lease and bond payments for your business premises
• Material costs for prototypes and setting up a website
• Legal fees associated with formalising your business structure

Learn more about the Self-Employment Startup Payment Grant

Flexi-Wage for Self-Employment

The Flexi-Wage for Self-Employment is a government initiative designed to assist individuals in creating their own business. It provides a financial cushion for early-stage startup business development, when the company may still need to be self-sufficient.

Criteria

To be eligible for Flexi-Wage for Self-Employment, applicants must:

• Be in the process of starting a new business or in the early stages of business development
• Present a viable business plan that demonstrates the potential for sustainability and growth

What you get

Up to $16,800 ($600 a week for a maximum of 28 weeks) for early stages of business development.

This grant can be applied towards:

• Essential setup costs for the business
• Living expenses during the initial phase where business income might not be stable

Learn more about the Flexi-Wage for Self-Employment Grant

Business Training & Advice Grant

The Business Training & Advice Grant provides access to specialised expertise, enabling new business owners to lay a solid foundation for their ventures through informed decision-making and strategic planning.

Criteria

To be eligible for the Business Training and Advice Grant, applicants must:

• Be in the planning stages of starting a new business
• Be receiving assistance from Work and Income New Zealand (WINZ) to launch the business
• Intend to utilise the Flexi-wage for self-employment for the same business

What you get

Up to $1,000 every 52 weeks, financing professional services for new business owners.

This grant can be applied towards:

• Business skills training
• Crafting a comprehensive business plan
• Seeking advice on starting and running the business effectively

Learn more about the Business Training & Advice Grant

Regional Business Partner Capability Vouchers

Regional Business Partner (RBP) Capability Vouchers support small businesses in New Zealand by subsidising training and advice on business planning, marketing, and systems through the Regional Business Partner Network to foster growth and efficiency.

Criteria

To be eligible for Capability Vouchers, applicants must:

• Undergo an assessment with a local Regional Business Partner
• Be operating with at most 50 full-time equivalent employees
• Be registered for GST in New Zealand
• Have a New Zealand Business Number (NZBN)
• Be operating in a commercial environment
• Demonstrate a desire to innovate and grow

What you get

Up to $5,000 per year, for training and advice for business owners and their teams on essential management topics.

This grant can be applied towards management training in key areas such as:

• Business Planning, Systems, and Sustainability
• Capital Raising, Export, and Finance
• Governance, Lean Manufacturing/Business Operations, and Marketing

Learn more about RBP Capability Vouchers

Callaghan Innovation R&D Grants

Callaghan Innovation offers various R&D grants to support significant technological development and business innovation. This includes the Ārohia Trailblazer Grant, New to R&D Grant, R&D Experience Grant, R&D Career Grant, and the R&D Tax Incentive—each designed to fund different stages and scales of R&D activities, from initial development of intellectual property to commercialisation.

Ārohia Trailblazer Grant

The Ārohia Trailblazer Grant from Callaghan Innovation is designed to support innovative New Zealand businesses preparing to launch their products or services to the market. Here's a structured overview following your example:

Criteria

To be eligible for the Ārohia Trailblazer Grant, applicants must:

• Be an innovative business at the "getting ready to go to market" stage
• Have completed the majority of their research and development
• Demonstrate the potential to create opportunities for other innovators in Aotearoa
• Exhibit four explicit attributes, emphasising community and industry impact (stated on the website)

What you get

Up to $4 million in co-funding for selected businesses, supporting innovative New Zealand businesses as they prepare to launch groundbreaking products or services to the market.

This grant can be applied towards:

• Setting up new infrastructure and production capabilities
• Building teams with the right skills
• Developing demonstration models
• Marketing efforts

Learn more about the Callaghan Innovation Ārohia Trailblazer Grant

New to R&D Grant

Similar to the now-retired Callaghan Innovation Getting Started Grant, their New to R&D Grant provides financial support to kickstart the research and development phase for startups and established businesses, facilitating the progression of product development or services from concept to commercial readiness.

Criteria

To be eligible for the New to R&D Grant, applicants must:

• Be an eligible entity as a business
• Your business must not have received any government funding for R&D greater than $5,000 in the three years before the date of submission of your application
• Your business must have spent less than $50,000 in total on R&D over the three years before the date of submission of your application
• You must be able to fund your share of the R&D costs

What you get

Up to $400,000, funding 40% of your eligible R&D activities.

This grant can be applied towards:

• Initial research and development costs
• Capability development activities

Learn more about the Callaghan Innovation New to R&D Grant

R&D Experience Grant

The R&D Experience Grant from Callaghan Innovation is designed as a student grant to facilitate existing businesses in integrating tertiary-level students into their research and development (R&D) projects through full-time summer internships. This approach aims to equip students with valuable, real-world R&D experience, nurturing future innovators.

Criteria

To be eligible for the R&D Experience Grant, applicants must:

• Have an ongoing R&D program with a dedicated budget and technical staff
• Fulfil financial due diligence criteria
• Employ interns on their payroll, ensuring they receive at least a Living Wage during the internship
• Be a business incorporated under the New Zealand Companies Act, registered under the Limited Partnerships Act, a Māori incorporation or trust, or meet other specific criteria
• Apply for a maximum of 10 students, adhering to the stipulated student-to-R&D personnel ratio

What You Get

Financial support by covering student wages at the Living Wage rate.

This grant can be applied towards:

• Compensation for students participating in R&D projects
• Providing valuable, real-world R&D experience to students

Learn more about the Callaghan Innovation R&D Experience Grant

R&D Career Grant

The R&D Career Grant from Callaghan Innovation is designed as a student grant to financially support innovative businesses employing PhD and Masters graduates full-time for six months. The goal is to provide these graduates with their first professional experience in research and development (R&D), thereby enhancing both their career prospects and the R&D capabilities of the hiring businesses.

Criteria

To be eligible for the R&D Career Grant, applicants must:

• Conduct active R&D supported by a specific R&D budget and technical team
• Meet financial due diligence requirements
• Offer a full-time employment position to the graduate, not a contract role
• Be an entity incorporated under the New Zealand Companies Act, registered under the Limited Partnerships Act, a Māori incorporation or trust, or meet other defined criteria

What You Get

Coverage of a graduate's salary for six months.

This grant can be applied towards:

• Full-time employment of PhD and Masters graduates in R&D roles
• Integration of fresh academic insights and cutting-edge knowledge into business R&D efforts

Learn more about the Callaghan Innovation R&D Career Grant

R&D Tax Incentive

The R&D Tax Incentive (RDTI) from Callaghan Innovation is a financial measure designed to support New Zealand businesses engaging in research and development (R&D) activities. It aims to alleviate financial burdens and recognise the innovative efforts contributing to a better future.

Criteria

To be eligible for the RDTI, applicants must:

• Conduct R&D activities within New Zealand
• Complete the Business Eligibility and R&D Eligibility quizzes on the RDTI website to confirm their eligibility
• Engage in qualifying R&D activities meeting the specified tax credit claims criteria

What You Get

A 15% tax credit on eligible R&D expenditures.

This incentive can be applied towards:

• Direct R&D activities conducted in New Zealand
• Costs associated with developing new or improved products, processes, or services

Learn more about the Callaghan Innovation R&D Tax Incentive

Deep Tech Incubators

Deep Tech Incubators offer robust support and investment from Callaghan Innovation to propel Deep Tech ventures, fostering scientific and technological breakthroughs with the potential for profound societal impact.

Criteria

To be eligible for the Deep Tech Incubator, applicants must:

• Present a novel, defensible Deep Tech proposal with significant scientific or engineering advancements
• Demonstrate a credible project plan, commercialisation strategy, and budget with adequate resources allocated by the partner Incubator
• Align with the chosen Incubator's strategy and specialty area, or provide a valid rationale for any deviation
• Be early-stage with a long path to commercialisation, high-growth with global ambitions, and have strong science or engineering foundations with some technical validation
• Be incorporated in New Zealand and offer benefits to the country

What You Get

A minimum of $1 million in funding, with $750,000 as a repayable grant from Callaghan Innovation and a minimum of $250,000 from the partner incubator.

This funding can be applied towards:

• Development and commercialisation of novel, defensible Deep Tech proposals
• Building teams, infrastructure, and achieving technical validation

Learn more about the Callaghan Innovation Deep Tech Incubators Grant

Waka Kotahi Innovation Fund: Hoe ki angitū – Innovation Fund

Criteria

To be eligible for a grant from Hoe ki angitū – Innovation Fund, applicants must:

• Address specific challenges related to New Zealand's land transport, such as climate change, road safety, and emissions reduction.
• Innovate within the private sector, including startups, iwi, and research institutions.
• Propose solutions applicable in New Zealand, enhancing social and economic outcomes.

What you get

Financial support ranging from $30,000 to $500,000 for up to 16 weeks to accelerate innovative transport solutions, with potential phasing over twelve months.

This grant can be applied towards:

• Development of innovative responses to published transport challenges.
• Access to data, expertise, regulatory guidance, and real-world testing environments.

Learn more about the Hoe ki angitū – Innovation Fund

Te Pūnaha Hihiko: Vision Mātauranga Capability Fund

Criteria

To be eligible for a grant from Te Pūnaha Hihiko: Vision Mātauranga Capability Fund, applicants must:

• Build connections between Māori organisations and the science and innovation sectors.
• Develop projects that align with the Vision Mātauranga policy, integrating Māori knowledge and perspectives.
• Aim to increase the understanding and application of research outcomes beneficial to Māori communities.

What you get

An annual budget of approximately $4 million, with about $2 million available for new proposals, supporting collaborative projects and research capabilities through various funding schemes.

This grant can be applied towards:

• Projects that foster new connections between Māori organisations and researchers.
• Research and initiatives that contribute to the strategic outcomes of the Vision Mātauranga policy.
• Activities that build research capabilities relevant to Māori knowledge and aspirations.

Learn more about Te Pūnaha Hihiko: Vision Mātauranga Capability Fund

Pros & Cons of Startup Grants

Startup grants offer valuable financial support to emerging businesses, but they come with advantages and challenges, like any funding option. Understanding these can help you navigate the decision-making process more effectively.

Other Government Support for Startups

New Zealand's government agencies support startups beyond growth grants, focusing on training, business advisor services, and sustainability tools to foster growth and innovation.

These programs collectively aim to enhance New Zealand startups' digital capabilities, international reach, and environmental sustainability, offering a holistic support system for business growth and innovation. There is no precise template for which funding avenues are right for your business, and it is important to explore many options to find the right fit.

Digital Boost Skills Training

Run by the Ministry of Business, Innovation and Employment (MBIE), this initiative provides free training on digital tools, website management, and social media optimisation to enhance business digital presence.

Learn more about Digital Boost

Invest New Zealand

New Zealand Trade and Enterprise (NZTE) aids businesses targeting international markets with personalised advice and global networking, supporting export ambitions.

Learn more about Invest New Zealand

Climate Action Toolbox

A free tool aiding businesses in reducing their carbon footprint, helping them understand and act on environmental impact, and aligning with New Zealand's sustainability goals.

Learn more about Climate Action Toolbox

Business Mentors NZ

Business Mentors New Zealand is an independent not-for-profit mentoring service committed to supporting the success of small business owners, start-up entrepreneurs and social enterprise decision-makers.

Learn more about Business Mentors New Zealand

General NZ Business Advice

Tools and expert advice from government and industry for both large and small business owners such as; checking business name availability, finding out about claiming expenses and registering a trade mark.

Learn more at business.govt.nz

Additional Funding Options

While New Zealand's government grants offer a solid foundation for funding across many types of businesses, most startups will also need to explore additional financial avenues at some point in their journey.

Equity Financing

For startups ready to scale, equity financing presents a path to secure significant investment in exchange for a share of ownership. Not just funds essential for growth, equity financing often also comes with expertise, mentorship, and networks that can propel a business forward.

If you’re considering equity financing for your startup, take a look at these resources:

• Investor Directory: Explore leading investment groups fuelling New Zealand and Australia's tech startups with Edition's Investor Directory.
• Venture Capital Guide: Navigate venture capital with our comprehensive guide, from angel investors and accelerators to venture capital funds.
• Top Venture Capital Firms: Identify potential partners among New Zealand's and Australia's leading VC firms.
• Venture Studios: Discover how venture studios reinvent startup development—read Edition's guide.

Debt Financing

Debt financing offers an alternative that can be less dilutive than equity options. Providers like Prospa and Taxi offer small business loans tailored to startups' unique needs, enabling them to grow without giving up equity.

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At Edition, we specialise in bringing visionary ideas to life. Whether you're navigating technology startup grants and small business grants or seeking venture capital, our strategic design and development expertise is tailored for companies eager to make a difference—partner with us to transform your innovative ideas into digital solutions that contribute to a better future.

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Product-market fit (PMF), a term first suggested by Marc Andreessen, transforms your product idea from a concept with little to no validation into a must-have solution. But what is it, and why does it hold such an essential role in the success of technology startups?

Why it Matters

Product-market fit means your product answers the needs of your customers; usually better than other available solutions. Finding this fit require you to understand what your customers truly need, and creating a good product or service that fulfils these needs seamlessly.

How does PMF impact my business?

Increases the chances of a successful product

Products that are well-aligned with their audience's needs generate more positive customer feedback and create excitement. This early momentum can be critical in shaping the future of your product.

Carves out a unique space in the market

With an in-depth understanding of your target audience, you can shape your product or MVP (minimum viable product) in a way that distinguishes itself from others. As Eric Ries tells us in The Lean Startup —the goal is not to focus on building a final product, but to test fundamental business hypotheses. This differentiation of your MVP paired with an approach of continually testing, learning, and adapting, will give you a significant advantage.

Paves the way for customer loyalty

When new customers feel that your product genuinely addresses their needs, they're more likely to stick with it. This loyalty can anchor a solid customer base, increase referrals, and drive your business growth rate.

Decoding Product-Market Fit

Product-market fit might seem like something complex that only the most well-known startups focus on. However, it's an incredibly simple concept. Fundamentally it’s concerned with ensuring your solution answers a distinct problem so well that your target audience is willing to pay for it.

So how do we get there?

There's no template or one-size-fits-all approach to building a new product, because every industry and customer problem within that industry is unique in its own right. However there are some important areas to consider.

Understand your customers’ needs

This goes beyond high-level market research, demographics, and user personas, and involves understanding the specific issues your target audience groups face in order to identify their underserved needs. Customer interviews, surveys, and focus groups are a few great ways to gain these insights. Use this information to create audience profiles for the key user groups you’d like to be using your product. Product managers are typically responsible for overseeing these processes with the support of a design team.

Slack excelled in identifying and addressing a common pain point with their target audience — inefficient communication. They understood that teams needed more than just a messaging tool; they needed a platform that could integrate with other services and streamline existing workflows.

Solve an important problem in a fresh way

Your product should not be a clone of what's already on the market—in order to find success, it needs significant market demand and novel product development. It should offer a solution that competitors haven't thought of. This will help you stand out and attract customers who are looking for a better way to tackle their problem. Designing and building an MVP (minimum viable product) with barebones functionality to gain valuable insights from your customers can really increase the speed at which you find PMF, as long as you have packaged this up in an attractive manner. Too many startups fail due to an unbalanced focus on functionality over usability.

Have a clear advantage over other solutions

This could be advanced technology, affordable pricing, or a superior user experience. It needs to be something that makes your product the number one choice for customers and early adopters (like Uber did with its tech-driven, user-friendly, and cost-effective transportation solution).

Clarity in your value proposition

A value proposition is like an elevator pitch. It is an easy-to-understand argument for why your target customer should choose your business. Your value proposition should clearly explain how a product fills a need, communicate the benefits, and explain why it's better than similar products on the market. Your messaging around this should be uncomplicated, to the point, and easy to grasp.

Signs of Product-Market Fit

Your product is out in the wild. Now you're likely wondering, "Did we hit the mark? Are we in sync with our customers?".

How you can tell if your product has found PMF

People are coming to you

Instead of you chasing them down, customers are heading your way for the first time. This shows that your product has sparked interest and it's seen as something they need.

Customer growth is quick and cheap

You're gaining customers without burning through your marketing budget. This suggests that your product appeals to people and they're happy to part with their cash for it.

Customers stick around

You're not just attracting customers; you're keeping them. They use your product regularly over time, indicating that it continues to meet their needs. A loyal customer base is a priceless asset as you plan to grow and roll out new offerings to your buyer personas.

Thumbs up from users (and experts)

Your product gets rave reviews not just from customers on social media, but across the board from experts in your industry. Positive word of mouth and expert endorsements build a good reputation for your product and can also convince potential customers to give it a try.

Key Metrics for Product-Market Fit

Understanding if your startup fits the market shouldn’t be a guessing game. Your business should adopt concrete, quantitative metrics to help you measure your progress and understand how well your product is resonating with your customers.

Once metrics have been adopted, keep a close eye on them, and ensure insights are clearly understood by your product and marketing teams.

Numbers to watch

Sean Ellis Test

Known as the "40% rule" — if at least 40% of surveyed customers would be "very disappointed" without your product, it indicates a strong market fit. This test offers a quick, quantifiable way to assess the essential value and potential sustainability of your product in the market.

Customer acquisition cost (CAC)

This tells you how much you spend on average to gain one customer. If it's costing you an arm and a leg to get customers, you might need to revisit your product and/or marketing strategy.

Lifetime value of a customer (LTV)

This is how much profit you expect to make from a customer over the duration they use your product. When your LTV is a lot higher than your CAC, it's a good indication that customers find value in your product.

Churn rate

This is the percentage of customers who stop using your product over a certain period. A high churn rate could mean that your product isn't sticky enough or failing to meet customers' needs over time.

Net promoter score (NPS)

This gauges how likely your customers are to recommend your product to others. A high NPS means your customers love your product enough to tell their friends about it, which is a solid sign of good market fit.

Product-Market Fit Checklist

Achieving product-market fit can feel a lot like assembling a puzzle without a clear reference of what you’re trying to create. It can be tough, but here’s a simple product-market fit checklist to help guide you.

Identify your target market

Know who your ideal customers are, what they need, and how your product can help them.

Solve a real problem

Your product needs to ease a pain point that your target market faces and wants to solve. It has to really matter to them in order to meet a tangible market need.

Stand out from your competitors

Chances are you're not alone in the market. Make sure your product has an edge, something that sets it apart from the competition and maximises your potential market share.

Craft a clear value proposition

Make it clear to your customers why your product is the best choice. Keep it simple, and make sure it speaks to your target market.

Measure product-market fit

Keep an eye on your metrics like CAC, LTV, churn rate, and NPS. They're your progress report, highlighting your retention and how close you are to the holy grail that is product-market fit.

Listen to your customers

Feedback is gold. Hear what your customers have to say, learn from their experiences, and use their insights to refine your product and marketing strategy to excel in customer satisfaction.

Don't fret if you're not ticking off every point right now. Product-market fit is a journey, and each step brings you closer to a product that really clicks with your customers. Keep iterating and you'll get there!

The Journey to Product-Market Fit

Much like a road trip, achieving product-market fit isn't a simple straight line from point A to B. It's an ongoing journey full of twists, turns, and the occasional roadblock. But it's also a journey filled with lessons, achievements, and plenty of growth.

New tech pops up frequently, and customer preferences are shifting with each innovation. Your product roadmap should adapt and evolve with these changes. You need to keep an ear to the ground, stay aware of new trends, and keep fine-tuning your feature set. When adding new features, a/b testing can be extra important when considering reaching PMF.

Remember, to build a successful SaaS company your product doesn't have to be everything to everyone, but it should be something incredible for someone (your target market). Strive to design and build a product they can't imagine living without.

The journey to market fit is a marathon, not a sprint. It takes patience, resilience, and true commitment to your vision. But when you finally achieve PMF, the result is worth every twist, turn, and detour.

At Edition, we're all about helping technology startups in their journey to find product-market fit and scale beyond. No matter what stage you’re at, we've got your back. If you’re building a technology company don't hesitate to reach out and find out how we can join forces to tackle your current design and development challenges.

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In recent years, Australia has emerged as a thriving ecosystem for technological innovation. Amidst this burgeoning tech startup landscape, venture capital (VC) firms have played an instrumental role, catapulting forward-thinking startups towards success.

Despite the wealth of VC firms eager to invest in groundbreaking startups, the details surrounding Australia's venture capital landscape can be challenging to find—often out-of-date, scattered, or hidden behind paywalls.

Recognising this gap, we present a comprehensive list of the top VC firms in Australia for 2024. These tech investors set the benchmark for innovation and are actively championing the development of Australia's tech startup scene.

AirTree Ventures

• Stage: Seed, Series A, Series B
• Focus: Technology, SaaS
• Notable Investments: Canva, Linktree, Employment Hero
• Location: Sydney (Australia)
• Website: airtree.vc

AirTree Ventures is committed to standing by founders from the outset, believing steadfastly in their audacious visions. As devoted long-term partners, they go beyond mere funding; they actively help portfolio companies with critical recruitment efforts, offering expert guidance on organisation design, employee experience, and compensation strategies. Additionally, founders gain access to an invaluable network of experienced individuals who understand the intricacies of scaling growth-stage startups.

Artesian VC

• Stage: Seed, Early stage
• Focus: Technology, Health and Life Sciences, Clean Energy
• Notable Investments: ingogo, Sourse, Everty
• Location: Sydney, Melbourne, Adelaide
• Website: artesianinvest.com

Artesian is a global alternative investment firm, focusing on early-stage venture capital investments. They employ a co-investment model to provide startups with seed stage capital, while providing investors with diversified exposure to the venture capital class of asset management.

Bailador

• Stage: Growth stage
• Focus: Information Technology
• Notable Investments: SiteMinder, Straker Translations, Instaclustr
• Location: Sydney, Australia
• Website: bailador.com.au

Bailador is a growth capital fund focused on private equity investments in the information technology sector. They partner with startup founders at the expansion stage, providing not only capital but also extensive operational experience to help businesses achieve international success.

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Blackbird Ventures

• Stage: Pre-Seed, Seed, Series A, Series B, Growth, IPO
• Focus: Technology
• Notable Investments: Canva, Zoox, SafetyCulture
• Location: Sydney, Melbourne
• Website: blackbird.vc

Blackbird Ventures, one of the largest and most active venture capital funds in Australia, focuses on supporting ambitious startups with a vision for global impact. They target technology companies that have the potential to generate over $100 million in annual revenue and have a strong track record of success. With a discerning eye for tech-driven startups with a lean capital requirement and high potential for rapid scaling, Blackbird Ventures commits to supporting founders from inception. They provide an exhaustive suite of resources, networking platforms, and programs to enhance startup success. Though they often lead investment rounds, they're also open to co-investment with other venture capitalists and making initial investments alongside angel investors.

Brandon Capital

• Stage: Early stage, Series A, Series B
• Focus: Health and Life Sciences, Biotech
• Notable Investments: Global Kinetics Corporation, Vaxxas, PolyActiva
• Location: Sydney, Melbourne
• Website: brandoncapital.com.au

Brandon Capital Partners is Australia's leading life science and biomedical venture capital firm. They manage the Medical Research Commercialisation Fund (MRCF), one of the largest life science investment funds in Australia, providing capital and expertise to support promising biomedical discoveries.

Carthona Capital

• Stage: Early Stage, Series A, Series B
• Focus: Fintech, AI, Marketplaces
• Notable Investments: x15ventures, Judo Bank, Athena Home Loans
• Location: Sydney
• Website: carthonacapital.com

Carthona Capital is a venture capital firm focusing on disruptive technologies and breakthrough medical research. They support founders/co-founders from the early stages of their venture and provide them with the necessary resources and mentorship to help them succeed.

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Ellerston Ventures

• Stage: Early stage, Series A, Series B
• Focus: Technology
• Notable Investments: Airtasker, Huddle, Different
• Location: Sydney, Australia
• Website: ellerstoncapital.com

Ellerston Ventures is a division of Ellerston Capital, dedicated to investing in early-stage businesses with significant growth potential. With an emphasis on the technology sector, they partner with entrepreneurs to offer strategic support and capital to drive growth and success.

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Flying Fox Ventures

• Stage: Pre-Seed, Seed
• Focus: B2B SaaS, Health, Education, Climate
• Notable Investments: Goterra, Skills Base, Safewill
• Location: Melbourne, Sydney
• Website: flyingfox.vc

Flying Fox Ventures injects early-stage capital to propel Australian & New Zealand companies across the globe. They look for amazing people who deeply understand the challenges around them and are breaking the mould on how to solve them. They also cultivate a robust community of early-stage investors while managing around $30M in funds across 50+ companies, aiding them in achieving their ambitious goals.

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GBS Venture Partners

• Stage: Seed, Series A, Series B
• Focus: Life Sciences, Healthcare, Biotechnology
• Notable Investments: Hatchtech, Spinifex Pharmaceuticals, Peplin
• Location: Melbourne
• Website: gbsventures.com.au

GBS Venture Partners specialises in healthcare and life sciences investments. They support early-stage companies in these fields, providing capital, strategic guidance, and access to a network of industry experts to help them navigate the complex landscape of biomedical innovation.

GBS Venture Partners specialises in identifying and supporting promising early-stage companies in the healthcare and life sciences sectors. With over $400 million in funds under management, they provide capital as well as strategic guidance and access to their network of scientific and industry experts to help portfolio companies commercialise innovative biomedical technologies and therapiesSince its founding in 1996, GBS has backed numerous successful life sciences startups in Australia.

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Giant Leap

• Stage: Pre-Seed, Seed, Series A
• Focus: Climate, Health, Empowerment & Education
• Notable Investments: Who Gives A Crap, Mindset Health, Hex
• Location: Melbourne
• Website: giantleap.com.au

Giant Leap is Australia’s first 100% impact venture capital fund. They invest in founders solving the most pressing global problems at scale across climate, health and empowerment & education. Through a blend of capital, network, and expertise, they strive to assist their portfolio companies in amplifying their impact.

H2 Ventures

• Stage: Series A, Series B, Series C
• Focus: Fintech, Data, Artificial Intelligence
• Notable Investments: Simply Wall Street, Equitise, Spriggy
• Location: Sydney
• Website: h2.vc
  

H2 Ventures is a venture capital firm helping early-stage entrepreneurs reinvent financial services. They offer alumni networks, mentoring, and operational guidance for early-stage entrepreneurs focussing on fintech, data, and artificial intelligence driven solutions. In addition, H2 Ventures provides companies with an in-house pre-seed program.

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Investible

• Stage: Seed, Series A
• Focus: Diverse Industries
• Notable Investments: QPay, Buzzy Games, Car Next Door
• Location: Sydney
• Website: investible.com

Investible is an early-stage investment group that provides high-potential founders with financial, human, and intellectual capital. They focus on supporting startups with global ambitions and have a methodology-driven approach to identify, invest in, and support the best founders.

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Kosmos Ventures

• Stage: Seed, Series A, Series B
• Focus: Technology, SaaS, AI
• Notable Investments: Bazaarvoice, Box, Cloudera
• Location: Perth
• Website: kosmos.vc

Kosmos Ventures is a venture capital firm specializing in investments in technology sectors, specifically software and AI. The firm supports talented founders and teams by providing them with the capital and resources they need to grow their businesses.

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Main Sequence Ventures

• Stage: Seed, Series A
• Focus: Deep Tech, SaaS, AI, Robotics
• Notable Investments: Baraja, Vow, Q-CTRL
• Location: Sydney
• Website: mseq.vc

Main Sequence Ventures invests in pioneers solving the world's most challenging problems. As the manager of the CSIRO Innovation Fund, they have a strong interest in deep technology startups that are based on high-quality research. Main Sequence Ventures' portfolio companies benefit from connections to leading global technology hubs, a strong advisory team, and resources to support their growth and market entry.

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Macquarie Group

• Stage: Seed, Series A, Series B, Series C
• Focus: Artificial Intelligence, Financial Technology, Renewable Energy
• Notable Investments: Aiera, Molo, Fervo Energy
• Location: Sydney
• Website: macquarie.com

Macquarie Group is a global financial services provider offering banking, financial advisory, investment and funds management services. With a focus on early and growth stage investments across various industries, Macquarie provides the capital and expertise necessary to help companies scale and succeed.

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OneVentures

• Stage: Series A, Series B, Series C
• Focus: Technology, Healthcare, Life Sciences
• Notable Investments: Vaxxas, Employment Hero, Qventus
• Location: Sydney, Brisbane, Melbourne
• Website: one-ventures.com

OneVentures stands as one of Australia's leading venture capital firms, with a focus on transformative businesses in technology, healthcare, and life sciences. OneVentures is known for its hands-on investment approach, helping companies navigate the complexities of growth with the aid of a team that has been through it all before. They offer extensive operational experience, global connections, and commercialisation know-how to propel startups to their full potential.

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OIF Ventures

• Stage: Seed, Series A, Series B
• Focus: Technology, SaaS, Fintech
• Notable Investments: Go1, Kasada, Instaclustr
• Location: Sydney
• Website: oifventures.com.au

OIF Ventures is a leading Australian venture capital firm that aims to back and build world-class businesses. They strive to create long-term partnerships with entrepreneurs and are committed to providing more than just funding. OIF provides guidance, strategic advice, and the operational expertise necessary to build successful companies from the ground up.

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Rampersand VC

• Stage: Pre-Seed, Seed, Series A
• Focus: Technology, SaaS, Fintech, AI
• Notable Investments: Sendle, UpGuard, Nightingale
• Location: Melbourne, Sydney
• Website: rampersand.com

Rampersand VC is an early-stage venture capital firm focused on helping the most ambitious Australian and New Zealand technology companies achieve their potential. They pride themselves on their founder-friendly approach and a deep understanding of the technology landscape. Rampersand VC provides investment capital, operational support, and access to networks and expertise to help their portfolio companies scale.

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Reinventure

• Stage: Seed, Series A, Series B
• Focus: Fintech, PropTech, Data and AI, RegTech
• Notable Investments: Athena, Basiq, OpenAgent
• Location: Sydney
• Website: reinventure.com.au

Reinventure is an Australian-based, early-stage venture capital fund that invests primarily in fintech and adjacent areas. Backed by Westpac, one of Australia's leading financial institutions, Reinventure Group provides entrepreneurs with access to capital, network, and a deep understanding of financial services. They aim to invest in companies that have the potential to reshape the financial services industry.

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Sapien Ventures

• Stage: Seed, Series A
• Focus: Fintech, Blockchain, Online Marketplaces
• Notable Investments: Airtasker, Curious Thing, Linqto
• Location: Sydney, Melbourne
• Website: sapienventures.vc

Sapien Ventures is a technology-focused VC fund investing primarily in early-stage companies. They leverage foreign capital, Silicon Valley know-how, local market experience, to help the next generation of Australian tech ventures become successful globally. They are heavily focused on fin-tech, marketplaces, and other software-driven tech disruptions that will change societies.

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Skip Capital

• Stage: Seed, Early Stage, Growth Stage
• Focus: Technology, Renewable Energy, Healthcare
• Notable Investments: Brighte, Flick, OpenAgent
• Location: Sydney
• Website: skipcapital.com

Skip Capital is an Australian private investment fund with a focus on the technology sector, renewable energy, and healthcare. They invest across all stages, from seed to growth. Their mission is to support entrepreneurs making a difference in their fields and having a positive impact on the world.

Southern Cross Venture Partners

• Stage: Seed, Series A, Series B
• Focus: Cleantech, ICT, Health and Life Sciences
• Notable Investments: Fulcrum3D, Morse Micro, Enlitic
• Location: Sydney
• Website: sxvp.com

Southern Cross Venture Partners is focused on creating and growing world-class tech companies. They partner with entrepreneurs with the drive and talent to take their innovations global and offer them funding, networks, and mentorship, with a particular focus on clean technology, ICT, and life sciences.

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Square Peg Capital

• Stage: Pre-Seed, Seed, Series A, Series B, Series C
• Focus: Technology, SaaS, Fintech, Online Marketplaces, Enterprise Software
• Notable Investments: Canva, Fiverr, Airwallex
• Location: Melbourne, Sydney
• Website: squarepegcap.com

Square Peg Capital is a leading venture capital investor that has made its mark by backing extraordinary founders who are solving hard problems in large markets. Since its inception in 2012, they've been ardent supporters of startups in Australia and Southeast Asia. Their investment strategy is centered around understanding the unique strengths and visions of founders, and they provide more than just fundraising support – offering strategic guidance, market insights, and extensive networks.

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Telstra Ventures

• Stage: Series B, Series C, Later stage
• Focus: Technology, Telecommunications
• Notable Investments: Box, DocuSign, Skillz
• Location: Sydney, Melbourne
• Website: telstraventures.com

Telstra Ventures is a strategic growth investor in lighthouse technology companies that are shaping the future. They leverage the power of their trusted brand, strong balance sheet, and global reach to give the companies they invest in an unparalleled advantage.

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Ten13

• Stage: Seed, Series A
• Focus: Fintech, PropTech, SaaS
• Notable Investments: Super, Beforepay, DingGo
• Location: Brisbane
• Website: ten13.vc

Ten13 is a syndicate-style VC platform that focuses on investing in early-stage tech startups, particularly in the fintech, proptech, and SaaS sectors. It stands apart due to its syndicate model, which allows high-net-worth individuals, family offices, and institutional investors to co-invest in startups. Ten13 offers a streamlined investment process and support to founders to help them realise their business vision.

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Tidal Ventures

• Stage: Early stage, Series A
• Focus: Software, Consumer, Technology
• Notable Investments: FrankieOne, Shippit, search.io
• Location: Sydney
• Website: tidalvc.com

Tidal Ventures is an early-stage investor focused on leading seed and Series A rounds. They back exceptional teams with global ambitions and provide them with the capital, network, and expertise needed to realise their vision.

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Summary

Australia's tech startup scene is booming, with investment opportunities and high-growth valuations like never before. The government's dedication to fostering entrepreneurship, as seen with the Early Stage Venture Capital Limited Partnerships (ESVCLP) program, coupled with the availability of VC funding for early-stage startups (as well accelerators and incubators – new article on this soon), makes it an appealing destination for tech startups.

Remember, the fundraising journey is about more than just securing funds from the venture capital industry—it's about finding fund managers and partners who believe in your vision and can provide the support you need to succeed in your target market. With the right help to align with your business model, you can navigate the entrepreneurial journey and leave a lasting impact on the world.

If you're a tech startup in Australia, this is a reminder that you don’t need to be reaching out to foreign investors in New York or San Francisco! Connect with your local venture capital firms mentioned in this article, present your ideas, and unlock the potential of your business!