Home CAPITAL RAISED rampersand is raising another $50 million for early stage Australian tech businesses

rampersand is raising another $50 million for early stage Australian tech businesses

0

Following the success of its first fund, rampersand is looking to raise another $50 million to provide early growth stage funding for promising Australian tech businesses.

Founders Paul Naphtali and Jim Cassidy alongside other partners as well as Eloise Watson, an analyst, are building on the success of rampersand’s first fund, as well as their overseas success as investors/senior execs with over $10 billion of exits to companies including Facebook, Oracle, Singtel, Telefonica and Axel Springer.

The first fund has been sunk into companies like Expert360, PromisePay, Stackla, TigerPistol, Skedulo and, since launching in 2013, has seen a jaw dropping on-paper growth of more than 400 per cent.

rampersand team
The rampersand team

New fund, same mission

rampersand will continue its focus on early growth stage Australian tech businesses, plugging one of the remaining gaps in the Australian ecosystem.

It is for this reason that the second fund turns out to be an ESVCLP and will be up to $50 million. There has already been an initial close nearly half way there, and the first investment has been made with PromisePay taking this first injection of funds, with two other opportunities at an advanced stage.

rampersand not only invests capital but also offers these start-ups valuable sales, marketing and public relations expertise.

It is worth noting that while rampersand’s injection of funds into a business will make a difference financially, according to managing partner Paul Naphtali, it is the support with sales and marketing, communication, exposure to rampersand’s global network that delivers the real value.

“Growth-stage technology businesses need more than just money — they need partners who understand the pace, challenges and opportunities of the start-up process,” he told Anthill.

Get unlimited access to our FREE business tools…

Need to raise capital? Want to become a more persuasive presenter? Want to master social media? Is it time to overhaul your website? Unlock the library to get free access to free cheat sheets and business tools. Click here for free business tools.