Seed Space Fund (Fintech +) ILP
The Fund will target technology led start-up companies that are actively targeting ways to develop technologies that lead to the creation of better and new financial products and services. (For Wholesale Investors Only)
The Seed Space Fund (FinTech +), I.L.P (Fund) will target start-up businesses in the fintech and related sectors.
The Fund Manager has identified a lack of capital in this area. It believes that this lack of capital in association with carefully targeted investments should create an environment for outsized returns.
The Fund intends to use investment techniques to give high non-correlated returns to standard market investments. The Fund offers the ability to have a portfolio of investments in the early-stage fintech space, which should improve risk-weighted returns.
The Fund aims to support passionate Australian fintech founders who have market-changing products by providing capital, connections and conviction in order to drive innovation and deliver exceptional returns to Investors.
The Fund’s primary objective is to deliver a 20%+ IRR (net of fees and expenses) over the life of the Fund.
We also recognise the opportunity that our investments can have in delivering a positive impact on the local ecosystem. The capital we invest in early-stage companies will drive employment growth, innovation, and ultimately economic growth to Australia as a whole.
We will encourage co-investment from our Investors into individual deals when we invest as a fund, this may be relevant where an Investor has a particular interest, deep product knowledge or market understanding, or the ability to leverage an outcome through business connections. The collective experience and network of a broad group of sophisticated and engaged investors is not only a potentially valuable element of commercial edge, but also a potential pool of available and aligned investors.
As a member of Fintech Australia and other industry forums, we are also committed to contributing to a stronger and more engaged investor community, working together to ensure Australia is a world-class destination to deploy investment capital and an environment of choice for tech founders and employees alike.
The Fund will leverage formal partnerships with Australia’s premier fintech accelerator programmes and fintech innovation hubs. These partnerships will provide the Fund will direct and preferential access to the early-stage fintech start-ups coming through those channels.
The Fund Manager has entered into partnerships with Block8, Antler, H2 Ventures, YBF Ventures and Stone & Chalk and intends to expand the number of partners.
The Fund expects to:
- provide wholesale investors with unique access to high growth capital efficient fintech start-ups.
- provide Australian income and capital gains tax-exempt investment returns for investors.
- achieve portfolio diversification away from traditional equity and fixed-income investments.
- provide direct support to entrepreneurial businesses with a fintech focus in Australia; and
- support entrepreneurs, job creation, innovation, new business ventures and economic growth focusing on fintech in Australia.
The Fund will generally invest up to $500k in a start-up in the seed (or similar) stage and up to $3m in subsequent raising rounds. The Fund’s investment objective is to target an IRR of 20%+ net of fees and expenses over the term of the Fund by investing in a diversified portfolio of ~ 50 to 70 capital-efficient fintech start-ups.
The Fund has appointed an Investment Committee to oversee the investment process. The process is summarised in the following table:
Dirk is a highly experienced finance and wealth professional with demonstrated accomplishments in managing the finances of some of the world’s largest international organisations. With a broad background, he has been in commercial and strategic roles in both the public and private sectors spanning wealth management, government and financial technology.
His background is varied and extensive and comes with a deep understanding of global markets and the legislative, compliance and technological frameworks that operate in different jurisdictions. A skilled investment service provider with strong commercial acumen, he is also adept at investment advisory, consulting services and property management.
Dirk holds a Bachelor of Commerce (Banking and Finance) from the University of Canberra and an MBA from Leopold-Franzens Universität Innsbruck. He is also a member of the Australian Institute of Company Directors and the Financial Services Institute of Australasia.
Cathryn leverages her 30-year career in capital markets as a derivatives trader, exchange executive, NED on a UK Bank Board, strategic advisor and markets infrastructure specialist. She Co-Founded Seismic Foundry in 2017, a discretionary fund investing in UK capital markets fintech. She has a portfolio of start-up and scale-up NED roles including on the Board of the peak industry body Fintech Australia.
Through her founding Board role for Women In Listed Derivatives (WILD), she has spent 10 years developing networking, mentoring, & educational opportunities for women in Capital Markets. She has been listed in Financial News 100 Most Influential Women, Innovate Finance 100 Women in FinTech, Cranfield FTSE Index 100 Women to Watch, Brummell Most Influential Women in the City and Qantas Australian of the Year (UK).
Will has more than 30 years of experience in the financial services sector, working for large global investment banks and domestic financial institutions.
He has held senior-level roles across the trading, portfolio management, sales, management, and advisory functions.
His investment experience covers a range of asset classes, including equities, fixed income, property, foreign exchange, and derivatives.
Will is a Master Practitioner Member of the Stockbrokers and Financial Advisers Association (MSAFAA), holds a Diploma of Financial Services and is an ASX Accredited Derivatives Adviser.
Tobias has more than 15 years of experience in the technology sector, with a specific focus on software development and data analysis. He also has expertise in statistics, behavioural finance, economics, information security and electrical engineering.
Tobias has undertaken a Bachelor of Economics from the Australian National University.
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