How We Work

Process, timing and what we look for

At a Glance

We’re an early-stage tech fund that invests in late seed to Series A investment rounds.

  • Our average first investment is near $500k but we have invested from $150k up to $3m

  • We like to connect with founders as early as possible — we invest anywhere from pre-revenue to series A, so it’s great to build the relationship

  • Fund 1 launched in 2013 and backed 10 companies.

  • Fund 2 launched in 2016 and has made 14 investments so far. You can find most of them here.

  • Fund 3 arrived in 2019 and is currently deploying funds

What We're Looking For

The world’s best, not just Australia’s best: we are in a globally competitive environment.

  • Big vision, big ambition, big belief.

  • Ambitious, well-rounded teams

  • Solving real problems

  • Companies serving big markets, or niches you can own.

  • Tech companies: while all companies are now tech-enabled, we are looking for companies that build the breakthrough tech itself.

Diversity & Inclusion

The funding gap for underrepresented founders both here in Australia and across the world is well documented — the vast majority of funding flows to straight, white, locally-born, men.

We’re not satisfied with this status quo so we’re making positive steps to foster an inclusive ecosystem and improve diversity in tech.

Rampersand implemented a new initiative in August 2019 that aims to understand and help address the funding gap in the startup industry; the Rampersand VC Inclusion Advisory Board and our own Diversity Program.

Along with several other Australian venture funds, in 2018 we signed up to an industry code of conduct. Our own version of the code is here.

Our Process

We have a six-step process, with a go/no go after each stage:

  1. An initial phone call with one of the team here

  2. Meeting with the investment team

  3. Deeper dives: go to market, product, team

  4. Internal discussion with the investment team on a term sheet

  5. An investment case is pulled together for the investment team to present at the investment committee

  6. Documents signed

The Dream Pitch

Here’s what we want to understand:

  • You and your team: a startup’s success is largely about its leadership.

  • The problem you are solving and why

  • Your unique solution: both the product now, and what it will be in the future

  • Progress to date — this helps us know how well you’re doing but also if you’re at the right stage for a meeting.

  • Big plans — both the huge vision and the more immediately achievable elements of it. We want to hear both.

When To Get In Touch?

We like to hear from founders early in their journey.

  • Taking on investment is a big decision for founders. Connecting early gives both sides the chance to get to know each other well.

  • For many of our portfolio, we were the first fund to invest.

  • That said, we are happy to follow in rounds also if you already have a lead.

  • We have invested in companies we’ve just met, but it’s useful to reach out as early as possible.

15 Newton Street, Cremorne, Victoria 3121

  • medium-47-433328_edited
  • LinkedIn
  • Twitter