OneVentures is a venture capital firm which primarily invests in innovative technology aimed at solving global problems. Its venture credit was a new product to Australia.
Venture credit is an established part of funding for tech companies in places like the US and Europe according to OneVentures but new to Australia.
After the first investment the fund is poised to invest approximately $100 million over the next five years and has expanded its team to support that.
The fund is focused on expansion stage companies with strong revenue growth looking to accelerate their business. Said tech companies can win big through venture capital as it offers less ownership dilution.
Venture capital also offers a longer capital runway giving companies more time to achieve milestones before a new round of financing, said OneVentures.
Dr Michelle Deaker, a managing partner at OneVentures said that the fund was a great way to get exposure to technology companies and she was excited by the response.
“We have been delighted with the positive response we have received from investors, which include many of Australia’s largest family offices and high-net-worth investors.
“The fund is an attractive way for investors to get exposure to Australia’s most exciting and fastest growing technology companies at lower risk, with a strong and stable income yield,” she said.
Eliot Hastie is a journalist on the wealth titles at Momentum Media.
Eliot joined the team in 2018 having previously written on Real Estate Business with Momentum Media as well.
Eliot graduated from the University of Westminster, UK with a Bachelor of Arts (Journalism).