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OneVentures is a venture capital firm headquartered in Sydney, Australia that provides human and investment capital into high growth companies with a particular focus on transformative technologies.

The firm is particularly focused on opportunities originating in Australia which are poised to expand into the established and emerging global markets.

All of our Partners have founded, built and exited high-growth businesses.

Our goal is to be the leading Australian venture capital company.

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About OneVentures

OneVentures invests in technology companies that serve or disrupt large high growth global markets. The firm has $170M in funds under management recently launching its new Innovation and Growth Fund II which is focused on growth and expansion stage technology companies.

OneVentures is managed by a team of Partners with a skill-set and track record ideally suited to collaboration with entrepreneurial management teams to foster growth and create value: a unique blend of highly successful entrepreneurs, technology business founders and corporate executives with a strong scientific pedigree, extensive off-shore experience and networks.

The OneVentures team is committed to deliver investor returns by applying this expertise to select portfolio companies with significant potential then accelerating their performance.

 

AFSL
OneVentures Management Pty Ltd is a designate under OneVentures Nominees Pty Ltd's AFSL (Licence No: 462825) issued by the Australian Securities and Investments Commissions, authorising the Manager to provide such financial services as the Manager provides during the course of its duties as manager of the Fund.

The OneVentures Team

All Partners have many years of C-level, board and investment experience. Coupled with this is a track record of identifying investment opportunities in global markets with strong international business backgrounds and networks. The OneVentures Investment team has 7 technology related higher degrees.

Dr Michelle Deaker

Dr Michelle Deaker
Managing Director and CEO

Dr Paul Kelly

Dr Paul Kelly
Partner and Managing Director

Anne-Marie Birkill

Anne-Marie Birkill
General Partner and Executive Director

Graeme Wald

Graeme Wald
Venture Partner

Daniel Gammell

Daniel Gammell
Investment Manager

Dr Amir Zalcenstein

Dr Amir Zalcenstein
Investment Manager, Healthcare

James McGrath

James McGrath
Investment Analyst

Helen Liu

Helen Liu
Chief Financial Officer

Jelly Jakob

Jelly Jakob
Accounts

Jen Ball

Jen Ball
Office Manager

Funds

Innovation Fund (Fund I)

The OneVentures Innovation Fund is a $40M venture capital fund formed as an early stage venture capital Limited Partnership. This Fund was launched in 2010 with the Commonwealth Government committing $20M from its IIF programme and this funding matched by high net-worth wholesale investors.

Innovation and Growth Fund (Fund II)

The OneVentures Innovation and Growth Fund was launched in March 2014 with a target of $100M and reached that target in December 2015. Fund II is an early stage venture capital limited partnership backed entirely by Australian high net-worth wholesale investors.

Focusing on later stage (Series B and beyond) investments while still maintaining some investment activity in the earlier stage investments, Fund II is now screening investment opportunities where the experience of the OneVentures management team can be leveraged to accelerate value creation and company success.

We are currently looking for truly transformative companies to join our portfolio of innovative companies, if you think your company has what it takes, read our Application for Funding page and submit your application now.

Information for stakeholders interested in the Significant Investment Visa (SIV) Programme

Information for stakeholders interested in the Significant Investment Visa Programme can be found here.

Investment Portfolio

OneVentures Innovation Fund (Fund I)

OneVentures Innovation and Growth Fund (Fund II)

Other Investments

Latest News

  • Aussie HR startup raises $3M series A to expand to the UK by Christmas 2016 to target 20,000,000 employees

    by Mathew Wu | Jun 28, 2016
    28 June 2016
    Media Release
    Mathew Wu
    Media & Capital Partners

    Employment Hero, Australia’s first and leading cloud-based freemium HR, payroll & employee benefits platform, has today announced its over-subscribed $3 million capital raise, in a transaction led by Venture Capital firm, OneVentures, and including investment by AMP New Ventures. Specifically, OneVentures have a focus on disruptive and transformative technologies with large addressable global markets including financial services.

    The three-year-old startup, which already has 35,000 Australian employees and 500 employers signed up, will use the additional capital to accelerate its growth in the HR, Payroll and financial services market, offer more features and capabilities to new and existing members, and to catapult its international expansion into the United Kingdom.

    The company’s HR, payroll and employee benefits platform removes the pain points for businesses managing their employees taking care of on-boarding, employment contracts, rostering and timesheets, superannuation provisioning along with accounting integrations.

    In addition to its breadth of HR services, Employment Hero has signed major partnerships in the superannuation, health and mortgage industries, including all of Australia’s retail super funds as well as private health funds like Bupa.

    Employment Hero not only benefits employers; employees can access a
    marketplace, providing hundreds of deals ranging from mortgage refinancing, health and insurance services, mobile phone plans, gym membership discounts, utility discounts and much more through the company’s extensive corporate partnerships.

    Employment Hero CEO, Ben Thompson, said Employment Hero has already established its business and benefits model validated by its current subscription base of employees and employers. Its next step is to expand its partnerships and validate its international opportunities.

    “Employment Hero has been a bootstrapped company from the start and didn’t need look for a capital injection right away. We’ve just raised our first round of capital to make sure we stay ahead and continue our rapid development cycle. There is no one else like us, and we want to keep expanding and innovating, so we’re offering more capabilities and features to our users as well as commence our expansion plans into the UK.

    “Australia is an unusual market with 50% of businesses being less than 200 employees.  Employment Hero is filling a market need here with a platform having global potential combining employer HR and payroll management capability in the cloud with employee benefits.

    “Overall, what we are doing is likely to change the way that corporate super is administered. We want to position ourselves as disrupters, but also as helpful and strategic to existing businesses. We want to help them grown, reduce administration, to hire and retain talented employees, and to help employees get access to a marketplace of superfunds, health insurers, mortgages and other benefits.  The platform is a win for our business clients and a win for the employee.”

    OneVentures identified this growing market opportunity and Ben Thompson’s leadership position. Michelle Deaker, CEO and Managing Partner, said:

    “The human resources marketplace is poised for significant growth in the next 10 years.  Companies around the world are increasing their investment in HR infrastructure with spend in excess of $100 billion per annum and including other benefits potentially up to $1 trillion.  Businesses are buying more products and services to help them realise the best return from their people and investing in automation to streamline the delivery of these services. The Australian market alone is worth in excess of $500 million with payroll $2 billion and financial services and mortgages commissions in excess of $7 billion.”

    Media contact:
    Matthew Wu
    matthew.wu@mcpartners.com.au
    0433 634 706

    More information about Employment Hero
    Founded in 2014, Employment Hero is Australia’s leading provider of all-in-one software tools that transform the way employers manage HR and the entire employment lifecycle - its core HR platform is now free of charge to all businesses.

    This cloud-based HR automation platform combines HR software, financial services, scheduling and payroll tools, as well as employee benefits, providing growing companies with an intuitive, affordable way to manage essential employee information and HR processes.

    Employment Hero’s built-in employee benefits program, makes it simple and cost-effective for employers of all sizes to offer and administer a range of employee benefits typically associated with big employers. This includes health insurance, home loans, car leasing, discounted utilities, and much more.

    Employment Hero has been placed in the top 10 of BRW Australia’s Most Innovative Companies 2015 and were accredited a best employer in Aon Hewitt Best Employers in 2013.

    Employment Hero is headquartered in Sydney and has offices in Brisbane, Melbourne, Perth, and London.

    Read more about Employment Hero: https://employmenthero.com

    More information about Ben Thompson
    A former lawyer, Mr. Thompsons’s career began in finance, working as an in-house counsel for Sydney Futures Exchange. His career led him to move to the UK during the dot.com boom, where he realised his true passion: combining business and technology to create innovative new companies. 

    After being involved in helping several startups with their Initial Public Offerings (IPOs), Mr. Thompson decided to return to Australia and establish a business that would become a HR-based, one-stop-shop for employers and employees. Today, Ben’s business interests include Employment Hero, Employment Innovations, Power2Motivate, Global Reward Solutions and Keypay.

    More information about OneVentures
    OneVentures is a leading Australian venture capital firm with offices in Sydney, Melbourne and Brisbane.  The company manages $175M across two main funds and several co-investment funds.  The firm invests in emerging Australian companies with differentiated products particularly in the information technology and healthcare sectors addressing large and growing global markets. 

    OneVentures is managed by a team of partners with a track record of hands-on business execution and operational management: a unique blend of highly successful entrepreneurs, technology business founders and corporate executives with a strong technical and scientific pedigree, extensive off-shore experience and networks combined with investment management expertise.  This skill-set makes the team ideally suited to supporting and mentoring entrepreneurial management to help them drive growth and create value in their companies and subsequently, through leveraging collective experience, reduce portfolio company risk and enhance portfolio returns for OneVentures’ investors. OneVentures is backed by Australia’s influential high net worth individuals and leading family offices.

    OneVentures recently raised a $100M later stage growth and development venture capital fund (Fund II) focusing on technology rich companies servicing large addressable global markets across: healthcare, education, mobile, media, cloud computing and data, security and privacy, machine learning, software, sensors and robotics or food security.

     Read more about OneVentures at www.one-ventures.com

Full story

Contact Us

For Entrepreneurs

We are now screening companies for OneVentures Fund II which is a Series A and beyond growth fund focusing on the technology sector. To qualify for funding, your company should meet the following criteria:

  • Australian domiciled company
  • We invest in technology companies from many sectors, but we are particularly interested in companies from the following sectors: healthcare, education, mobile, media, cloud computing and data, security and privacy, machine learning, software, sensors and robotics or food security
  • If a life sciences company, your product should have a strong proof of concept and be at a minimum, in a late stage clinical trial and/or well progressed through the regulatory process
  • If from another sector, your company should be generating sustainable revenue and have a strong market validation
  • Approaching profitability with capital required to fuel growth and global expansion

If you meet the above criteria, send us a brief document (a 2-page executive summary or introductory PowerPoint is sufficient, please do not send larger documents or full information memorandums at this stage) covering at a minimum the following points to entrepreneurs@one-ventures.com:

  • Summarize in 2 sentences what your company does (this is important)
  • Identify the market, value proposition and your competitive advantage
  • Tell us about your progress to date
  • State your revenue for the last financial year and projected revenue for current financial year
  • Indicate capital required and how it will be used
  • Include 3 point bios of each executive and contact details

We will review your proposal and endeavour to revert to you within 2 weeks. 

 

For Investors

Investor enquiries: investors@one-ventures.com

Information for stakeholders interested in the Significant Investment Visa (SIV) Programme

The Significant Investor Visa (SIV) programme was revised with the announcement in May 2015 of a new complying investment framework. The new framework mandated that SIV applicants would be required to invest a minimum of $500,000 at the at time of investment in an AusIndustry registered fund(s): that is, a VCLP, ESVCLP or an Australian VC fund-of-fund as registered under the Venture Capital Act 2002. The minimum amount is expected to be increased within two years as the market responds.

The Austrade website has more information regarding the programme available, including information sheets in English and Chinese.

The relevant regulations can be accessed here.

OneVentures is not at this time accepting new capital commitments and is therefore not in a position to receive funding from individual SIV applicants. When this situation changes we will provide details here and on the AVCAL website.

We are however receiving proposals from SIV Fund of Funds interested in becoming a OneVentures SIV partner for 2016 and beyond. If you represent a Fund of Funds and meet the following criteria we request you submit a brief proposal for our consideration.

Our criteria:

  • You should have a track record in servicing SIV applicants
  • You should have an established Australian AML/CTF KYC compliance framework that OneVentures can rely on in accepting SIV funding
  • You should be an AusIndustry compliant fund of funds structure – OneVentures will not accept direct investment from individual SIV applicants at this stage
  • You should have a fund of funds structure that can invest the capital for up to 10 years in line with our funding cycle

Your proposal should address those key criteria and provide information about:

  • The Directors
  • The Management Team
  • Your track record in providing SIV applicants with a return on investment
  • How you will ensure AML/CTF KYC compliance including details of any external providers that support this process
  • Details of any relevant reporting and financial operational requirements we should consider
  • Your ability to source capital and the % of SIV market you currently hold/expected quantum of capital you would be looking to deploy p.a. to VC

We plan to work with up to 3 such partners only and will determine the parties with whom we wish to progress discussions by December 2015.

 

General Enquiries

General enquiries: admin@one-ventures.com
Telephone: +61 2 8205 7379

Sydney

OneVentures Pty Ltd
Suite 304, Level 3
1 Alfred Street
Sydney NSW 2000
Australia

Brisbane

c/- Interfinancial
Level 3, 145 Eagle Street
Brisbane QLD 4000
Australia

 

For Media Enquiries

For an interview with a OneVentures' spokesperson, please contact Honner Media at +61 2 8248 3744.