Tag: future capital development fund

Incubator options for Australian startups will expand next month, with the announcement on Friday that "venture technology company" BlueChilli has acquired growth funding from early stage venture capital fund FCDF. If the names BlueChilli and FCDF sound familiar it's because BlueChilli is the venture of serial entrepreneur (and 30under30 veteran) Sebastien Eckersley-Maslin. FCDF is the product of another well-heeled player in the Australian startup scene, Domenic Carosa.

Founded by web-developers Scott Handsaker and Andrew Edwards in November 2009, Eventarc has turned over AUS$4million in transactions in the past 13 months. That's approximately $300,000 per month. Becoming quickly revenue positive has proven to be an important factor when picking investments for the Future Capital Development Fund (FCDF), according to Domenic Carosa.

This week, Domenic Carosa's Future Capital Development Fund (FCDFL), Australia's only internet-focused Pooled Development Fund, announced its plans to raise a new round of capital in the lead up to an IPO. It's current portfolio consists of approximately 15 companies, including MP3.com.au, which he bought back from Destra last year.

This week, Domenic Carosa's Future Capital Development Fund (FCDFL), Australia's only internet-focused Pooled Development Fund, announced its plans to raise a new round of capital in the lead up to an IPO. It's current portfolio consists of approximately 15 companies, including MP3.com.au, which he bought back from Destra last year.

The Future Capital Development Fund has invested into OurWishingWell.com, an Australian online gift registry service.