Home CAPITAL RAISED Sydney Angels launches $10-20 million “Sidecar Fund 2” after success of first...

Sydney Angels launches $10-20 million “Sidecar Fund 2” after success of first fund

Richard Dale

Australia’s largest angel investment organisation, Sydney Angels, is today launching its second co-investment fund, the Sydney Angels Sidecar Fund 2, which will be raising $10 to 20 million to invest in promising early-stage Australian ventures.

It follows the pioneering Sidecar Fund 1 launched in 2012, which has invested $8 million alongside angel investors, in 27 start-ups that have so far gone on to raise a further $85 million in equity capital and grants to scale their businesses.

“Our first sidecar fund has successfully completed its five year investment period and its portfolio of 27 includes a number of successful high profile ventures such as Ingogo, Fame and Partners, Instaclustr, and Clarity Pharmaceuticals, to name just a few,” said Richard Dale, Sydney Angels and Sidecar Fund Investment committee member.

“Early investments by Sydney Angels members have helped put start-ups on the path to success, including Atomo Diagnostics which was first invested back in 2011 and is now a player on the world stage, receiving substantial investments and grants from the Bill & Melinda Gates Foundation. Back then only angel investors could get into exciting early stage deals like Atomo, but since 2012 when Sidecar Fund 1 became operational its investors have had a stake in every deal Sydney Angels members do.”

“We believe that Sidecar Fund 2 will similarly provide investors with opportunities to support promising Australian start-ups as they scale innovative ideas into businesses of great value.”

The fund leverages an exclusive co-investment arrangement with Sydney Angels, Australia’s largest and most active angel group, which each year screens and evaluates hundreds of high growth potential early-stage investment opportunities. Sydney Angels utilises the diverse range of experience and expertise of over 100 angel investor members.

Sydney Angels Sidecar Fund 2 is open to wholesale and sophisticated investors keen to invest alongside experienced angels, make follow on investments in the investees of Fund 1 and gain access to attractive early stage investment tax benefits.

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.