01Stage
We back emerging founders early, with conviction at pre-seed and seed.
Most funds treat the earliest cheque as an option. We treat it as the whole job: often the first money in, and backed hard.
Pre-seed capital for globally ambitious founders building new technology. First cheques of A$200k–500k, written from Sydney, Melbourne and San Francisco.
Est. 2020
What we believe
01Stage
We back emerging founders early, with conviction at pre-seed and seed.
Most funds treat the earliest cheque as an option. We treat it as the whole job: often the first money in, and backed hard.
02Sectors
AI, software and hardware.
AI-native teams, and the physical and deeptech products most funds skip. If it is hard to build, that is usually the point.
03Approach
We challenge you, and we're on your side.
Early-stage specialists who push your thinking instead of nodding along. Australia-first and globally minded — hands-on here, with an active San Francisco arm for when it is time to expand.
Who we back
Learns anything fast, ships before they're ready, out-works the incumbents.
Deep research turned into a product the market didn't know it could have.
Lived the problem for years, rebuilding their industry from the inside.
How to apply
Team
The AU venture stack is top-heavy. Pre-seed got handed to unstructured angels. We're fixing that.
I'm always excited to work alongside founders in the early messy days.
Don't try to be something you are not, just be yourself. People can respect that.
Field notes

Market data, investment trends and builder insights from our State of AI 2026 — post-event report.

From surviving crisis calls at 2 AM to navigating Australia's fundraising landscape —the unfiltered insights from last year's Founders Corner.

Are we going to totally miss the AI revolution?

Our pre-seed investment in Fluent BCI, a brain-computer interface company using AI to translate intended speech directly to text.
No warm intro required. Start a conversation today and hear back from a partner within a week — whatever the answer.