Impact
Urgent and pressing global problems require solutions at scale

Impact lies at the heart of every investment decision we make. We invest in...
People
Visionary founders who are doing their life’s work. They are driven by and deeply connected to their impact mission.
Impact lock
Business models with embedded impact. Revenue and impact are inextricably linked and drive each other forward. They move in lockstep.
Measurable impact
Impact can be defined and measured as the company scales.
Our investment themes
Climate
Reducing carbon emissions and restoring nature within planetary boundaries

Health
Improving clinical outcomes and access to quality care

People
Improving quality and access to education and empowering social change

We commit to investing in diverse teams
58% of our portfolio companies are women-led
55% of capital deployed into women-led teams
35% of our portfolio companies are led by racially & ethnically diverse teams
32% of capital deployed into racially & ethnically diverse teams
FY24 data across Fund I and Fund II
Our investment pipeline diversity
Diversity of thought and experience leads to the best business decisions. We’re committed to sharing the diversity of our investment pipeline in line with the Equity Clear initiative.


Women founders
We define women to include all women, regardless of the gender they were assigned at birth, and acknowledge that gender is a spectrum. Where possible, this data is self-reported and therefore represents our best understanding of our pipeline given the variety of ways we connect with founders. Due to the small sample sizes and limited historical data, this dataset does not currently include non-binary founders.
Industry benchmark
This dataset has been taken from Cut Through Venture and Folklore Ventures’ “2022 State of Australian Startup Funding Report”, available at australianstartupfunding.com.