Silk Kadala

Ecstatic to announce Titanium Ventures' investment in Samsara Eco, the climate tech innovator enabling infinite plastic recycling, as part of their US$65M Series A+! Global emissions from plastic production could triple to account for one-fifth of the Earth’s remaining carbon budget. Plastic creation generated 2.24 gigatons of planet-heating pollution in 2019, or as much as 600 coal-fired power plants - 5% of all global carbon emissions. Samsara Eco has led world-first innovations in infinite recycling, pioneering the ability to recycle plastics including nylon 6,6 and polyester. Earlier this year, in partnership with its first textile partner, Samsara Eco unveiled the world’s first enzymatically recycled nylon 6,6 product (sweet jackets which we bought online!) and also helped to introduce lululemon’s first product made from enzymatically recycled polyester. Whilst I write this, I am wearing one of the first jackets in the world that has been recycled! We’re excited to see the impact they will have in the years to come. Other impressive investors include: Temasek, Main Sequence, lululemon, DCVC, Hitachi Ventures and Wollemi Capital. https://lnkd.in/gKkg2mS3

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What's Hot in 2024? 🚀 Later Stage VC Investment in Australia and New Zealand. While Artificial Intelligence 🤖 is no doubt the current "buzz" for 2024, I was curious to dive deeper into which sectors are trending this year and where later-stage VCs are focusing their investments to date in 2024. 📊 Based on publicly available data, later-stage VCs are showing renewed interest in Australian and New Zealand companies, particularly in fintech 💳, healthtech 🏥, and cleantech 🌱. 🔍 While not a full picture, as some notable transactions are missing from this analysis (due to confidentiality), it’s clear that the sector is bouncing back and poised for strong growth. 📈 NB: The Artificial Intelligence & Machine Learning segment reflects a duplication and consolidation across all sectors for comparative purposes. Source: Pitchbook

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Why GP Carry Economics for Syndicates are Superior to Venture Funds Sharing #2 of 5 learnings Zachary Ginsburg posted via Last Money In Media yesterday on reflecting back after 500 SPVs completed. 500 SPVs is not a typo :) – “The carry economics are arguably far superior for Syndicate GPs than the carry economics for fund GPs. We previously put out an article discussing the economics of venture, and the reality is that while venture can be the best performing major asset class the returns are skewed to the top funds with the average fund barely returning 1x capital back. There is no major asset class that has dispersion of returns quite as high as venture capital. This underscores the benefits for Syndicate GPs. For one, it means the time to actually receive carry income can be extremely quickly. Despite starting Calm Ventures in 2020, we had one nice exit in 2021 (~10x outcome in 12 months). While the returns from that investment were only ~10% of the capital deployed to that point, we still received carry (over a half million dollars). In a traditional fund if you returned only ~10% of capital back, you would not be seeing a dollar in carry from that sale. To further underscore the GP benefit, as mentioned, around half of funds return <1x DPI. Meaning half of GPs aren’t seeing a dollar in carry from their funds. You can have a <1x fund in SPVs and still receive an enormous amount of carry distributions. To take the extreme case, let’s say we invest $1M each into 100 investments via SPVs over the course of 3 years - so $100M invested total. 99 of those investments go to zero and one 100x’s or returns $100M. While LPs in aggregate didn’t make any money (we received $100M in distributions and invested $100M), the GP actually makes almost $20M dollars (20% carry x $99M in returns on the single performing investment). It’s worth pointing out that while the carry economics are superior, the fee economics are substantially worse for Syndicate GPs, who often aren’t drawing any consistent income or salary.” Link to full post w/4 other key learning in comments. -- Powered by Sydecar and Forge, Last Money In Media is the most actionable venture capital newsletter. Written by Zachary Ginsburg and Alex Pattis, global syndicate leaders with 800+ SPVs closed.

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Which international VC has invested most actively in NZ? Here's the slide we prepared recently for our Investor Masterclass. Let me know who I'm missing. Four more sessions coming up including: Valuation, Terms, Governance, and War Stories. Join the fun by registering here: https://lnkd.in/ghJJpdR4

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Complete list of all active pre-seed & seed lead investors in NZ below. Thank you to all those who helped fill in the gaps. Quite a few people have reached out and said it was helpful, which is great. Next, I am thinking of creating the list of pre-seed & seed investors in NZ who follow and fill in investment rounds. As the list will be quite long, help would be appreciated. Please add in the comments. Aera VC AgriZeroNZ Blackbird Brandon Capital Bridgewest Ventures NZ Cure Kids Ventures Ecliptic Even Capital GD1 (Global From Day One) Hillfarrance Venture Capital Icehouse Ventures Maker Partners Motion Capital Movac Nuance Connected Capital NZ Growth Capital Partners NZVC Outset Ventures Pacific Channel Phase One Ventures Punakaiki Fund Quidnet Ventures Soul Capital Sprout Agritech WNT Ventures

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Well done Capital Brief and Andrew Cornell. Good interview. Hits all the points. For all the Australian #SaaS #BaaS #FinTech #InsurTech #PropTech #StartUp #Founders out there ... I don't know about you but after chatting with more than a few Australian banking venture capital funds you get the vibe that they're are generally more cautious than traditional VCs due to their ties to financial institutions and regulatory requirements. They favor investments in later-stage companies with proven business models. In other words, only founders with an A series or above need apply. That being said; comparitavely to the other Australian Banking VC Managing Directors/Partners, Amanda brings a genuine no BS, I'll give you quick no and let me tell you why or yeah that'll work, NYC vibe to the table. #BankingVC #VentureCapital #VCInvesting #InvestmentStrategy #FinTechInvestment #VCFunding #BankingInvestments #VCPortfolio #StartupFunding #VentureFunding #FinancialInvestments #VCPartners #InvestmentApproach #TechInvestments #VCStrategy #FundingRounds #EarlyStageInvesting #VCInsights #InvestmentFunds #VCDeals #InvestmentTrends #BankingInnovation #VCNetwork #TechStartups #VCAdvisors #InvestmentOpportunities #VCFinance #CapitalAllocation #InvestmentManagement #VentureCapitalists NAB Ventures Amanda Angelini

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Do you have the DNA to be Australia's next unicorn founder? Then read on. Applications for Antler’s 13th residency in Australia are now open! For the first time, Antler's residency will operate out of Brisbane, as well as in Sydney and Melbourne. Investing out of our $77M Australia Fund II gives us significant firepower to back founders from Day Zero through to Series A (and beyond from our global continuity fund). You may have heard that it's hard environment for founders to raise in Australia. Yet, we’ve launched a new follow-on practice that guarantees we will participate in the next round following our initial investment if the founder can secure at least $300,000 from sophisticated investors in their first 12 months thereby maximising our portfolio companies’ chances of succeeding. So, if you or someone you know is ready to build Australian next tech unicorn, apply now to join the residency in February: https://lnkd.in/gYFqk6wT Otherwise, if you want to learn more, come along to one of our upcoming AMAs where we delve into what you can expect from Antler’s residency and investment, and hear from founders who have recently done it. See all events and dates here: https://lnkd.in/gEPekefH

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If you are or know of any pre-seed or seed startups (from any country) that match these criteria: - Under $20m Val - Have esop available for staff and key supporters - Have a unique valuable proposition for your market - Team has deep experience in the sector - Raising a round within the next 3-6mths And you’d like to get your/their deck reviewed for feedback (direct transcription from the conversations reviewing your deck) from either 30 angels or 300 experts (or both) get me your deck before 7am this Friday. Use this link to send through your deck: https://lnkd.in/gU5YCbQm #angelinvesting #community #startups

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We hear this every day from founders we are speaking with. Scores of good companies have been warped by too much capital applying too much force to grow at a rate well beyond the physics of the business. We also know there is #adifferentpath Infuse Capital is working with founders to chart sustainable course to both profitability and growth and a sense of well-being for themselves and their teams. We believe this is a core ecosystem question to address as the next wave of de-valued capital will come before we know it.

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Join me at our next course June 6 & 7 as we delve into the changing Angel Investment landscape and what it takes to build a successful Angel Investment Portfolio.

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The latest episode of Startup Equity Matters just dropped! ❇ Join me and Alastair Blenkin as we talk about the secrets of one of Australia’s best funding rounds. Here are things you don’t want to miss: 💡 • Alastair emphasized the importance of discipline and attention to detail in the operational aspects of the business to increase the chances of funding success. • Alastair also shared how thorough he was in his preparation when he went out for funding. Being well-prepared not only impressed investors but also instilled confidence in the business's ability to execute and scale effectively. • We also shared the reality that as a founder, work-life balance is difficult to maintain, especially in the early days of founding a startup. But Alastair is confident that it’ll get better as he eventually hires the perfect people to run the business from different areas. Listen to the full episode on the Startup Equity Matters and let us know your thoughts or if you have secrets to share, too! 🎙 Cake Equity ProcurePro Alastair Blenkin Callum Davidson Kim H. #MVP #Fundingrounds #Startup #Investors

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Well done everyone involved! Qureight is a great investment and looking forward to seeing their growth! Echoing Joe - more announcements coming soon from Guinness Ventures so watch this space! 👀 #venturecapital #eis #vct #healthtech #investment #fundraising

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Happy Wednesday everyone! 🎥 Trailer Alert 🎥 In our next episode of Unlocking Venture Capital, Sydney speaks with Michaela Gordon, former VC at The Westly Group, a firm with an AUM of $800M. Michaela is also the founder of The Early, a must-read newsletter for early-career founders and investors, providing them with actionable insights and valuable resources to navigate the startup world. 🚀 In this upcoming episode, hear from Michaela as she will: 🌟 Discuss the evolution of her newsletter, The Early, from a simple job board to a handy resource for early-career VCs, and how her position at the helm of this newsletter gave her an unparalleled overview of the Venture Capital space, with insights that go far beyond what a regular analyst would be able to see. 🌟 Reveal lesser-known aspects of VC recruiting, emphasizing the importance of sourcing abilities over traditional financial skills. 🌟 Highlight emerging trends in venture capital, including her focus on innovating antiquated industries like hardware design. 🌟 Provide valuable advice for aspiring VCs on building relationships, creating content, and navigating the self-directed nature of analyst roles. 🌟 Share her inspiring journey from the world of professional tennis to that of venture capital, highlighting her unique perspective as a young VC who pursued two seemingly disparate dream careers and managed to excel in both. 🌟 Explore the growing trend of angel investing. Michaela discusses at length the reasons for its growing appeal and why it serves as a way for people who are eager to take control of their financial future and create wealth by investing earlier in their careers. 🌟 Offer insight into the changing VC landscape, comparing the booming job market of two years ago to today's more competitive environment. This upcoming episode will be a must-listen for anyone looking to break into venture capital or gain insights into the industry from an early-career perspective. Michaela's unique journey and fresh outlook offer invaluable lessons for both newcomers and seasoned professionals in the VC world. The full episode will be available on our YouTube and Spotify this upcoming Monday. 📅📺 You can find the link to Michaela's newsletter in the comments down below 📰😇 #VentureCapital #AngelInvesting #WomeninVC #Startups #Entrepreneurship #VCTrends #Investing #Tech

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🎊 Big News from Our Team at Titanium Ventures! 🎊 Today, we’re thrilled to share that we've evolved from Telstra Ventures to Titanium Ventures! Why Titanium? Because it captures the essence of who we are and aspires to be—a firm that supports exceptionally strong and resilient entrepreneurs, those who thrive under pressure. Titanium is not just a metal with the highest durability and strength-to-weight ratio; it represents the extraordinary capability and determination of the leaders we back—leaders who consistently punch way above their weight. Our commitment remains steadfast: to unearth and scale the most promising ventures in AI, digital, and software sectors. With 99 investments, including 12 IPOs, 17 unicorns and 42 liquidity events, we’re just getting started. Holding almost US$1B in funds under management and having returned US$678M to our investors, we are more driven than ever. This is more than a name change—it’s a reaffirmation of our promise to accelerate the extraordinary, fueling the growth of standout disruptors. We've been doing this for over a decade, and it's what our investors and founders expect us to do for many more to come. Here's to the next chapter in our journey with all of you! #VentureCapital #Innovation #Entrepreneurship #TitaniumVentures

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Venture is all about people. It’s that simple.

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In the latest episode of Future Squared podcast, I spoke with Australian and former Head of Product at UBER’s Developer Platform, Chris Saad. Chris noted that: 1) despite the larger pool of VC dry powder in Australia, capital is actually scarce and controlled by a few big players 2) Aussie investors are risk averse and typically looking for ‘derisked’ B2B opportunities, as they are often investing on behalf of large conservative super funds 3) Aussie investors are, for the most part, unsophisticated when it comes to investing in high-growth venture scale returns companies, something Canva’s Cliff Obrecht echoed when talking about the company’s prospective NASDAQ listing in 2026 We’ve no doubt come a long way since the noughties, when there wasn't much of a startup or VC landscape to speak of... but are we still, in Chris’ words, “about twenty years behind”? Is the gap between Australia and the US getting smaller or bigger? What do you think?

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Yesterday was my 5 year anniversary at Lightspeed! Some cool milestones the last 12 months include 2 early port cos hitting multiple $100Ms ARR and 2 portfolio companies doing m&a. But the really long feedback cycles in VC are brutal. Super humbling in how they divorce milestones and real achievements, inputs and outputs. It’s super easy to satiate yourself on the vanity metrics of VC. (Hot take: TVPI is vanity. Don’t get full early. You can’t eat markups. We all fear the zombie unicorn!). One of the biggest differences from operating imho. Half a decade in and still feel like I have so much to prove and learn. Which I really love. VC is a strange, beautiful craft. Full of contradictions: - You need to be founder friendly, but also drive difficult board conversations. - You want to have unique insights, but also not overthink it. - You want to be early, but not too early. - VC is really hard to do well, but not hard to do. - You can't help but pattern match, but the best investments break all patterns. I’ve said it before but VC is the endless game of introspection, getting to ground truths, constant learning and getting in trouble with exceptional people. Thanks to the incredible founders who trust me to be your partner. Always stay gracious. Here's to the next 5 years in VC!

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Who are the NZ venture capital leaders in 2024? Which New Zealand funds are LEADING investment into pre-seed and seed stage companies? Below, I have provided a summary of these investors. Have I missed any key players? Are there any included that shouldn't be? Note: I have excluded any funds that have not made an investment in the past 12 months, based on available evidence. Blackbird Cure Kids Ventures Even Capital GD1 (Global From Day One) Icehouse Ventures Motion Capital Movac Nuance Connected Capital NZ Growth Capital Partners NZVC Outset Ventures Pacific Channel Phase One Ventures Soul Capital WNT Ventures

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📈What an incredible week it has been for FundTool and the amazing community driving change with us! 🚀 Here's a glimpse of the milestones we've achieved together: 👉 Surpassing $200k in funds raised for causes, marking a significant step towards making a difference where it matters most. 👉 Welcoming over 1000 users to our platform, each one a vital part of our mission to empower and uplift communities worldwide. 👉 Experiencing our largest week of growth yet, with a remarkable 15% increase in participation and support. But it doesn't stop there. Our community continues to inspire with their unwavering dedication and remarkable achievements: 👉 A cheer team rallying together to raise an astounding $14k in just 5 days, showcasing the power of teamwork and collective action. 👉 A single mom's determination shining through as she raises $1000 for her daughter's needs, a testament to the resilience and love within our community. These milestones are not just numbers; they represent lives touched, dreams realized, and hope restored. They remind us of the immense need that exists and the profound impact we can make together. Thank you to each and every one of you for being part of this extraordinary journey. The need is indeed huge, but so is our collective resolve to make a difference. Here's to many more milestones and moments of impact ahead! 🌟 #FundTool #ImpactMatters #CommunityPower #buildinpublic #fintech #fundraising

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