Signal messenger investors8/27/2023 ![]() ![]() ![]() He said he had been impressed by some of the other funds operating in Australia, and imagined most of Signal's investments would come as part of larger funding rounds featuring investments from other funds. He said he would follow the US model of syndication, whereby investment rounds are made up by numerous stakeholders. Signal Ventures joins a growing lineup of Australian VC firms targeting local startup talent, but Mr Robertson said they do not view other funds as rivals, rather as necessary partners in a broad eco-system.Ītlanta Daniel will be based mostly in Melbourne, while Niel Robertson will split his time between the US and Australia. There isn't really anyone sitting there with the institutional capital for investments under $500,000." "There is a lot of capital in the market but it mostly exists at the next stage up. "We saw an opportunity to provide the institutional capital to Australian entrepreneurs at the early stage," Ms Daniel said. Mr Robertson and Ms Daniel said they were already open to pitches and were particularly looking for high growth business models in areas of business to business or professional software as a service, technologies that connect communities and enable communication, and mobile app disruption of web incumbents. News of the fund will be welcomed by the growing number of Australian entrepreneurs being tempted by the idea of striking out on their own with tech-based businesses. These firms include global startup accelerator Techstars, VC fund Foundry Group and fintech fund Ribbit Capital. Mr Robertson told The Australian Financial Review that, while the majority of the fund would be filled by Australian investors, including high net worth individuals and family offices, a significant early amount had already been tipped in by well-established US backers. Signal Ventures co-founders Atlanta Daniel and Niel Robertson are on the hunt for early stage tech stars. The fund will target so-called seed investing rounds, or the first external funding round for up and coming startups, and is likely to inject around $150,000 to $250,000 per investment, usually as part of a broader investment round. It is in the midst of raising a $10 million war chest, and expects to have closed its funding round by the end of April. The fund is to be run by Signal Ventures, founded by Melbourne-based startup industry backer Atlanta Daniel and experienced US-based tech investor Niel Robertson. Early stage Australian tech startups will soon have a fresh option for seeking funding with the formation of a new $10 million venture capital fund backed by US and Australian investors. ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |