• Zeller for Startups

The Venture Capital Firms Backing the Next Wave of Australian Startups

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Picking the right venture capital (VC) partner can be a game-changer for early-stage founders.

Beyond just cutting a cheque, a great VC brings industry connections, mentorship, and long-term support to help your startup thrive.

In Australia’s vibrant startup ecosystem, there’s a growing roster of Australian VC firms eager to back the next Canva. This guide introduces some of the most prominent and active VC firms for Australian startups and what they offer. We’ll also touch on why choosing the right VC matters, and what founders should consider when navigating startup funding in Australia.

Why choosing the right VC partner matters.

One of the first things you should know about raising funds for your startup is that not all investment is created equal. The right VC will provide more than just capital, they’ll become a true partner in your growth. Early-stage founders should consider:

Stage & cheque size fit: Ensure the VC firm invests at your stage (pre-seed, seed, Series A, etc.) with cheque sizes that meet your needs. For instance, some funds write first cheques as low as a few hundred thousand dollars, while others lead rounds of $10M and more.

Sector focus: Look at the VC’s portfolio and focus areas. A fintech startup may benefit from a fund known for fintech expertise, while a climate tech venture might seek out an impact-focused VC.

Value-add & support: Beyond money, what does the VC offer? Many top firms provide hands-on help with hiring, networking, strategy, and follow-on funding. The ideal investor believes in your vision and can open doors in your industry.

Cultural fit: All things going well, you’ll be working alongside your investors for years. It helps if their values and expectations align with yours. A supportive, founder-friendly ethos can make the tough journey of building a startup a bit less lonely.

Keeping these factors in mind will help you target investors who truly add value and understand your business. Now let’s dive into some of Australia’s top VC firms backing early-stage startups, and what makes each stand out.

Square Peg

Square Peg is one of Australia’s largest VC firms and has made a serious mark by backing some of the country’s biggest startup successes. Founded in 2012, Square Peg invests from pre-seed through Series C stages. They focus broadly on technology companies, with a particular interest in SaaS, fintech, online marketplaces, and enterprise software. This global fund (with teams in Melbourne, Sydney, Tel Aviv and Singapore) often writes a substantial first cheque (around A$2 million on average in seed or Series A rounds) and can continue supporting startups with follow-on capital into later rounds.

Key sectors: SaaS, fintech, online marketplaces, enterprise software

Notable startups: Canva, Airwallex, Zeller

Website: squarepeg.vc

AirTree Ventures

AirTree Ventures is a heavyweight in the Australian VC scene, known for its founder-first approach. AirTree invests primarily in early-stage tech startups (seed, Series A and B), and they’ve raised large funds to back bold Aussie and Kiwi founders. AirTree is willing to write a founder’s first cheque at seed stage (around A$200k) – they even set aside a seed fund for this – and then continue supporting companies all the way through $100M+ growth rounds. In practice, that means AirTree can lead your seed round and still be there with deep pockets at Series C and beyond.

Key sectors: Broad technology, SaaS, fintech, marketplaces, finance, education, health, agriculture

Notable startups: Linktree, Employment Hero, Buildkite, Zepto

Website: airtree.vc

Blackbird Ventures

Blackbird Ventures is often top-of-mind when discussing Aussie startup funding, and for good reason. Blackbird has grown from the new kid on the block in 2012 to managing over A$1 billion across funds by 2022, making it one of Australia’s largest and most active VC firms. Blackbird loves to invest from the very beginning – they’ll back companies at pre-seed, seed or Series A, and continue through growth stages and even to IPO. 

In practical terms, Blackbird might invest a small pre-seed cheque (they’ve been known to invest $250k-$1M at seed) and can follow up with multi-million-dollar investments as your company scales (up to $50M in later rounds).

Key sectors: Sector-agnostic, software, marketplaces, fintech, space tech, synthetic biology, cybersecurity, cultured meat

Notable startups: SafetyCulture, Zoox, Culture Amp, Zipline.io, Rocket Lab, Darwinium, Vow

Website: blackbird.vc

Folklore Ventures

Folklore Ventures (formerly known as Tempus Partners) is an early-stage VC firm committed to backing Australian and New Zealand founders “from first cheque to forever”. They aim to be long-term partners, often writing the very first cheque (pre-seed) and continuing to support startups through growth. 

Folklore primarily invests at pre-seed, seed, and Series A stages. They don’t mind getting in early, even pre-product or pre-revenue in many cases, and helping founders navigate those early growth steps.

Key sectors: Sector-agnostic, B2B SaaS, AI/analytics, digital health, developer tools, robotics, cloud infrastructure, quantum computing

Notable startups: Sajari, UpGuard, Harrison.ai, Propeller Aero, Culture Amp

Website: folklore.vc

Tidal Ventures

Tidal Ventures is a newer VC making waves in the seed-stage arena. Headquartered in Sydney with an outpost in New York, Tidal brands itself as “Seed First, Founder First, Product First, Head First”. They specialise in leading seed rounds and early Series A investments, frequently serving as the first institutional investor a startup secures.

Tidal typically writes initial seed cheques ranging from around A$500k to A$1.5M, enabling startups to get off the ground with meaningful early capital. Beyond this initial investment, Tidal maintains the capacity to support its portfolio companies through larger follow-on investments – potentially exceeding A$8M – in subsequent Series A and Series B rounds, underscoring their commitment to long-term partnership and growth.

Key sectors: Software, tech-driven businesses, B2B, consumer tech, fintech, SaaS, enterprise software, API-based startups

Notable startups: FrankieOne, Shippit, Search.io

Website: tidalvc.com

Giant Leap

If your startup has a mission to change the world for the better, Giant Leap is a VC firm you should know about. Launched in 2016, Giant Leap is Australia’s first venture capital fund 100% dedicated to investing in impact startups. That means they back companies that deliver measurable social or environmental benefits alongside financial returns. 

Giant Leap typically invests in early-stage rounds (seed and Series A), often taking a minority stake in purpose-driven tech ventures. By 2021, Giant Leap had invested in over 30 impact companies, showing that doing good and high growth can go hand in hand.

Key sectors: Climate tech, renewable energy, sustainable materials, circular economy, digital health, mental health, wellness, edtech, worktech, diversity and inclusion solutions

Notable startups: Sendle, Who Gives A Crap

Website: giantleap.com.au

Glitch Capital

One of the most recent yet high profile entrants onto the Australian investment landscape is Glitch Capital, which is the first 'founders fund' based in the Australian region. Glitch Capital is bringing together some of the best local entrepreneurs to help build the next generation of global technology companies.

The team founded Glitch around the thesis that it recognises that building a company is hard, chaotic and lonely, yet having investors who have shared experiences can help entrepreneurs navigate the journey. Glitch is comprised of an experienced team who have been entrepreneurs themselves, who aim to share their obsession with building the tech companies of tomorrow, as well as a strong belief in curiosity, humility and skin in the game.

Glitch aims to be the preferred investment partner for local founders, helping to navigate the imperfect process of scaling high growth companies. The company has raised over $50m from over 15 unicorn founders and 50 operators that are building companies alongside founders.

Glitch invests ~$1-3m from Seed to Series B alongside other VCs in companies who have found product-market fit and want to scale globally.

Key sectors: General technology, vertical software, AI, fintech

Website: glitchcap.com

Set yourself up for fundraising success.

The Australian VC landscape has grown and matured significantly over the past decade, so whether you’re building a fintech app, a climate tech solution or something never seen before, there’s likely a firm (or several) with the experience to help you navigate growth. But once you secure that all important term sheet, it’s crucial to manage your funding wisely. This is where tools like Zeller for Startups come in.

As Australia’s first all-in-one financial platform for founders, Zeller for Startups can help you handle your new funds – with fee-free business transaction accounts, high-interest savings, and smart debit cards for easy expense management – so you can focus on growth.

By picking the right investors and staying on top of your finances, you’ll be well on your way to turning your startup vision into reality.


Start smart with Zeller for Startups

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Community, Comedy, and Not Commbank: The Winning Mix for this Darwin Bar

When the opportunity came up for husband-and-wife team, Briant and Monica, to take over a bar in Darwin City, they seized it, signing the contracts and opening the doors all within the same week. Discover how fostering a community and creating an efficient tech stack helped them get a stellar start. Holding down full-time government jobs in international marketing and law enforcement, Monica and Briant weren’t exactly planning on the career change that came their way in September, 2023. They were familiar faces at  The Last Supper , a bar and restaurant in Darwin City, where Briant had been running a comedy club on Friday nights. Monica had also become known for her  Pasta Parties  — a side hustle teaching people how to make fresh pasta. So, when the owner of The Last Supper decided it was time to sell, the couple were the perfect prospects. “When the owner approached us, our first thought was, why would we want a bar? That's a terrible idea,” laughs Monica. But, buoyed by the fact that their comedy and pasta class events were already attracting good numbers, they decided to take up the challenge. “We signed the paperwork on Monday, paid the money on Tuesday, got the keys on Wednesday and opened on Thursday,” explains Monica, “We hit the ground running,” says Briant. In just three days, Monica and Briant needed to get set up with a solution for taking payments and managing their money. Their natural first step was to open a  business bank account  with Commbank. “They really messed us around,” says Monica, “We had to go into a branch, we waited an hour for an interview, and then they wanted all this paperwork,” she continues, “We were already customers of theirs, and we simply wanted an account to deposit money into. They just couldn’t make it happen in time.” That’s when they researched their options and found  Zeller . “Monica literally just jumped online, and opened a  Zeller Transaction Account ,” says Briant. They bought  Zeller Terminals , and set themselves up with virtual  debit cards  on their phones straight away. “Setting up Zeller was very easy. We were able to provide all the company paperwork once we were already up and running. It was just so easy. So then we thought, well, why change?” Since then, they have continued to use Zeller as their primary financial management tool, incorporating a  Zeller Savings Account  to earn interest on idle funds,  Zeller App  to monitor sales when they’re not on site, and  Zeller Virtual Terminal  to take deposits for large bookings. The benefit of launching a business in today’s age means being able to build a tech stack with all the latest innovations, rather than dealing with incumbent solutions. From day one, Monica and Briant have sought to “work smarter not harder”, integrating a number of other platforms into the business. “As well as Zeller, we use  TryBooking  for our events,  Wix , for our website and to manage reservations,  Swift POS  is our point-of-sale, and soon I’ll use it for managing our takeaway orders too. Plus we use  Harvest  for time tracking,  Deputy  for rostering, and  Xero  for accounting,” explains Monica. Using technology to keep their operations efficient, has given Monica and Briant more time back in their day to work on the strategic aspects of the business. “A lot of what we do is about building community and connection,” Briant says, “Events are a big part of our business.” Indeed,  The Last Supper’s ‘What’s On ’ page offers an impressive line up, with no less than 46 events running over the last three months of the year: from comedy and karaoke nights to painting and cooking classes, gastronomic-themed parties, reading clubs, concerts, and more. “At the events, we walk around and talk to our customers. It’s quirky, it’s inviting. People love coming here and hanging out,” Briant says, “Some people who came in on the weekend for one of our Pasta Parties ended up making friends and stayed here for eight hours!” Briant laughs. By building a strong local following, Monica and Briant have avoided being reliant on the seasonal tourist trade that dictates the success of many hospitality venues in Darwin. “We thrived through the wet season, when the tourists weren't here,” says Briant. But the popularity of their events didn’t just happen overnight: Monica’s carefully defined marketing strategy has been instrumental in keeping people coming back. “We do a lot of paid socials. We've got an e-mail database that we've built up through events and through our website. We're very active on our Google Business Profile and that helps our SEO. And we’re part of a number of organisations, such as Tourism Top End and Hospitality NT,” explains Monica. While Monica and Briant have harnessed a variety of modern tools to help alleviate their workload and speed up operational tasks, it hasn’t resulted in a hands-off approach. On the contrary, it has enabled them to be even more hands-on in the areas that matter the most: getting to know their customers, building a community, and creating experiences that serve them again and again. Having just celebrated the anniversary of their first year in business, you can rest-assured, their last supper it most certainly isn’t.

Want to Turn Tables 73% Faster? Introducing Zeller Bill at Table.

Picture this. It’s a busy Friday night and you have a growing line of hungry diners waiting to be seated. You look around the restaurant and can see several tables that have finished their meals and are now trying to catch the eye of a waiter to make the inevitable ‘May we please have the bill?’ gesture. From that point on, a series of steps will typically take place. The waiter will: 1. Head to the POS, print the bill and place it in a billholder 2. Take it to the table for the diners to give it a once over 3. Once the diners have signalled their approval, head back to the POS 4. Return to the table with an EFTPOS machine 5. Process the payment at the table That's five lengthy steps in a best case scenario where the restaurant is already taking payment tableside. If not, it’s even lengthier. This bill-time bottleneck has been slowing table turnover down for years, but thankfully our newest feature Bill at Table is here to change the restaurant payment process for good. What is Bill at Table? Zeller Bill at Table enables you to present your diners with digital, itemised bills displayed on Zeller Terminal's large-format screen, and then accept payment tableside instantly. It helps you to turn tables up to 73% faster from bill request to out-the-door, provide a streamlined diner experience and ultimately increase revenue by seating more tables. Bill at Table works seamlessly with Impos and Tevalis point-of-sale, and makes the checkout process smoother and more rewarding for everyone involved. How does Zeller Bill at Table work? Once enabled, using Bill at Table is simple: Choose a table: On your Zeller Terminal , select the table in your venue from the list. Present the digital bill: Show the itemised bill to your diners on-screen. Process the payment: Diners can pay with their card or mobile device, and even add a tip or split the bill amongst their group. Offer a receipt: If requested, provide the diner with a printed or digital receipt. The diner can also scan the QR code on-screen to download the receipt to their device. This straightforward process combines billing and payment into one step, cutting down wait times and improving the overall experience. What are the benefits of Bill at Table? Bill at Table significantly cuts down the time taken to turn tables at the end of the meal . In fact, restaurants who have implemented Zeller Bill at Table have seen table turnover time slashed by as much as 73% , ultimately enabling them to serve up to three additional tables in every sitting. Take tips tableside with Pay at Table. By using Bill at Table and Pay at Table , patrons are more likely to leave a tip than if they head up to the counter to pay, because as Ben Hickey from The Roosevelt in Potts Point said, “When they get up to pay, the magic is gone”. With the tipping prompt built seamlessly into Zeller Terminal, wait staff don't have to ask the awkward question, ‘Would you like to leave a tip?’ – the system prompts it instead. How to get started with Zeller Bill at Table. Bringing Zeller Bill at Table into your restaurant is easy: Check compatibility: Make sure your venue uses Impos or Tevalis point-of-sale, and that it’s integrated with Zeller. We’ll be bringing Bill at Table to many other POS very soon. If you’d like to see it integrated with yours, please let us know at feedback@myzeller.com Chat with our sales team: They’ll guide you through the steps to getting Bill at Table up and running in your business. Train your staff: Guide your team through the simple process to ensure a smooth implementation. By enabling Bill at Table, your restaurant can improve efficiency and enhance the billing experience for both staff and diners. It’s one of those little things that add up to make a big difference. Say goodbye to frustrated diners and sub-optimal table turnover. Say hello to Zeller Bill at Table.

How Pay at Table with Zeller Terminal Can Boost Your Restaurant Revenue

Our latest payments feature is here and it’s revolutionising the hospitality experience. The payment process is often the Achilles’ heel of many restaurant experiences. How many times have you received the bill, placed your credit card down, and then had to wait another fifteen minutes before being able to finally pay for your meal? Countless. This is because, until now, many restaurants have been hamstrung by a disconnection between their point-of-sale machine and their EFTPOS terminal. The time it takes for a waiter to deliver the bill to the diners, retrieve the payment terminal, return to the table, then round off the table in the POS system , is considerable. Multiply this by the number of tables in the venue and you can easily understand the aforementioned delay. Pay at Table technology is changing that. By centralising the POS and payment process into one device, Pay at Table bridges the gap between tapping or swiping a card, and settling the bill in the system. Read on to understand how this technology works and how it can help turn over tables faster, and ultimately drive revenue for your restaurant. If your restaurant is currently not using a POS system and you value efficiency and improving customer experience, consider exploring the best POS systems for restaurants in Australia . These systems can further streamline your payment process, helping you turn over tables faster and ultimately drive revenue. How does Pay at Table work? Pay at Table is effectively an extension of your POS machine, on your EFTPOS terminal. Waiters pick up Zeller Terminal , view open tables, see total outstanding bills, take payments and close tables — all on one device. Rather than the customer paying at the counter or finalising the bill in the traditional, time-consuming manner, waitstaff can deliver the bill and the mobile payment device, all at the same time. The status of a table is updated in real time and synced across all machines, reducing human error and optimising the whole operation. Benefits of Pay at Table technology 1. Increased efficiency Being able to close a table independently of the POS machine means that the latter isn’t blocked by taking payments, it can instead be used to open and manage tables. Naturally, this reduces foot traffic throughout the venue, eliminates queues, and turns tables over more quickly. Staff are freed up to process orders faster, leading to improved service and ultimately, higher sales. 2. Improved customer satisfaction Leaving customers waiting to pay for their bill can leave a bad taste in the mouth — pun not intended. Zeller Terminal’s Pay at Table functionality makes for a smoother process and offers the added benefit of allowing customers to split the cost by the number of people or by a custom amount . 3. Encourages generous tipping Zeller Terminal comes with a built-in tool which can easily calculate the fair amount for a gratuity and will provide the customer with various tipping options to choose from. Displayed clearly for your customers to review, this feature can increase your server’s tip earnings and erase confusion surrounding tipping protocol. Zeller Terminal makes it as easy as possible to prompt your customers to leave a tip, either as a percentage of the purchase amount or a custom amount. Or, you can switch the functionality off altogether. 4. Helps build a customer relationship When wait staff use Pay at Table, an opportunity is provided to spend more time interacting with the customers, ensuring they’ve had a great dining experience in your establishment. The technology also means you can email digital receipts on the spot. Not only is this handy for your customer’s record-keeping and to reduce costs and waste associated with paper receipts, but it’s a great way to expand your customer database by capturing email addresses. You may be able to use these details to keep in touch with your diners, providing them with up-to-date news and special offers that will keep them coming back to your restaurant. 5. Safer transactions Payment security is front of mind for most consumers these days. By having a mobile payment device available, your customer’s card remains in their possession at all times. This offers them security knowing that no one else has had access to their card details or identity. It can also mean fewer chargebacks for your business to handle. The next generation of payment processing Pay at Table is just one example of the many ways that traditional payments are evolving to keep up with the times. New technology is affording us more flexibility to create industry-specific solutions while emerging trends are changing the way we pay. Get started with Pay at Table today Pay at Table is currently available to use with selected POS systems. Contact our Sales Team to learn more about installing Pay at Table on your Zeller Terminals today. 

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