Fund II is open for applications

First round access at pre-seed

Galileo Ventures Fund II is a multisector pre-seed manager giving qualified investors diversified exposure across AI, robotics, enterprise software and deeptech — at the round larger funds pay up for later. We're the first institutional cheque; you're on the cap table from day zero.

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Wholesale / sophisticated investors only. This page is a summary and not an offer.

Fund I ranking: Top decile
Investments: 26+
Co-investment attracted: $200m+
Stage focus: Pre-seed & Seed
Vehicle: Closed-end ESVCLP

Why Galileo

The case for pre-seed, properly.

Fund II is for investors who want structural exposure to the earliest, most-asymmetric rounds — via a firm that has done this work since 2020.

01
First-cheque access
We back founders before multi-stage funds are comfortable. Fund II gives diversified exposure to that vintage — the round larger funds pay up for later.
02
Emerging-founder specialists
Since 2020, our entire mandate has been exceptional emerging founders. Not a side-bucket for a larger firm. It is the firm.
03
Australia at the core
Australia's emerging-founder pipeline is under-capitalised at pre-seed and under-covered by larger AU and US funds. We are native here.
04
Operator partners
Three general partners, all former operators. You're backing humans who have sat on the founder side and know what actually helps.
05
AU↔US bridge
A San Francisco office gives portfolio companies a live channel into customers, capital and talent from day one. Not a press release.
06
Long-horizon structure
Ten-year closed-end fund. Reserves for follow-on. Structured for the timescale pre-seed actually takes.

Co-investment & SPV access

Beyond Fund II, qualified LPs get direct co-investment alongside the fund and access to SPVs for compelling opportunities inside the Galileo network — companies outside the fund's mandate, or rounds too late-stage for Fund II to lead. Optional, on demand.

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Fund II at a glance

Fund II at a glance.

Vintage: Fund II
Stage: Pre-seed & seed
Cheque size: A$200k – A$1m (typical A$200–500k)
Target portfolio: 30 companies
Geography: Australia, US (San Francisco and New York)
Term: 10 years + extensions
Structure: Closed-end VC fund
Tax: CGT exempt + 10% carry-forward tax offset (full ESVCLP incentives)
LP base: Institutional, HNW, family offices, senior operators and former founders

Fund II is a conditionally registered ESVCLP. Tax treatment depends on your circumstances; this is not tax advice.

Why Australia

The opportunity is local. The ambition is global.

Australia has produced an outsized share of globally significant software and deeptech companies per capita — Atlassian, Canva, Afterpay, Airwallex. What's missing is a professionalised layer of pre-seed capital that backs the next generation before they're legible to larger multi-stage funds. That gap is the Galileo opportunity, and it's structurally resilient to the cycle.

Source: Australia Venture & Startup Report 2026

13.7x: Ecosystem growth since 2016 — the fastest-growing venture ecosystem of the past decade.
#1: In the world for decacorns created per dollar invested — 6 built on under US$40bn since 2000.
24.4%: Australian VC five-year return — almost double US peers.
4th: Globally for VC-backed M&A value since 2020 — ahead of China and India, with 65+ exits in 2025.

Track record

Fund I Highlights

Relevance AIEnterprise
Pre-seed 2020 → Series B
Series B — Bessemer led $24m, with Peak XV, Insight, King River.
AlongsideBessemer · Peak XV · Insight · King River
AndromedaRobotics
Pre-seed 2022 → Series A
Series A — Forerunner led $23m, with Rethink Impact, Artesian, Main Sequence.
AlongsideForerunner · Rethink Impact · Artesian · Main Sequence
Kite MagneticsDeeptech
Pre-seed 2022 → Seed+
Seed+ — SQM Lithium Ventures led A$3.6m, with Investible.
AlongsideSQM Lithium Ventures · Investible
TixelMarketplaces
Pre-seed 2020 → Series B
Series B — Touch Ventures led $4.5m, with Alberts, Aura Group, Lalotte Ventures.
AlongsideTouch Ventures · Alberts · Aura Group · Lalotte Ventures