fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Australia’s Black Nova announces $10m fund to power rocket-fuelled growth startups

Team AsiaTechDaily by Team AsiaTechDaily
29 September 2021
in Featured, Venture Capital
0
Australia

Photo by Photoholgic on Unsplash

16
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Black Nova, Australia’s newest venture capital fund, announced a $10-million close of its first fund, with the potential to raise the amount to $20 million by the end of the year.

The fund will invest in early and growth-stage companies at the pre-Seed, Seed, and Series A stage, according to the announcement.

Black Nova will focus on technologies and solutions related to enterprise and software applications. In addition, the VC firm is also setting aside 25% of its fund to United Nations Sustainable Development Goals ethical impact investments.

The firm has already completed investments in 23 local startups to date, which cut across various industries in the B2B sectors, such as Remote Social and Functionly. Black NOva’s initial cheque sizes range from $100,000 to $1 million.

Black Nova is co-founded by Matt Browne and Darcy Naunton, who bring their expertise from a successful exit with WHS software Donesafe in 2020, with a vision to establish a hands-on fund ‘for founders, by founders’.

According to Browne, Black Nova embraces a ‘boring is better’ mentality when it comes to investing.

“Our focus is on taking what is traditionally considered ‘un-sexy’ and ‘boring’ enterprise-focussed startups, and moulding these opportunities into returns that are out of this world,” Browne stressed.

The majority of the firm’s portfolio companies are faced with the arduous task of having to sell into big enterprises with long sales cycles. As a genuine founder-first VC, Black Nova sees tremendous value in embedding itself into their business.

“No other VC fund of our size and stage has so many experienced venture partners,” Browne said, adding that the fund is already on track to see huge returns.

“It’s testament to the fact we have a successful operator-heavy VC model that is primed for growth. We intend to continue to raise over the course of next year and look forward to seeing more incredible Australian start-ups get the funding they deserve.”

Previous Post

Indonesian ID and Data Verification Startup Verihubs secures $2.8 million seed funding led by Insignia Venture Partners

Next Post

Singapore’s Merkle Science raises $5.7m as it enters US market

Related Posts

edit post
WhyQ
Ecosystem

WhyQ secures $1.4m to help SMEs compete in digital economy

January 30, 2023
edit post
Eazy Digital
Featured

Thai insurtech startup Eazy Digital raises $850K in Seed funding

January 30, 2023
edit post
Grab Kandal
Featured

Grab appoints Philipp Kandal as Chief Product Officer

January 30, 2023
edit post
Holmusk
Featured

Healthtech startup Holmusk raises $45m to continue rapid expansion

January 23, 2023
edit post
Jumppoint
Featured

Hong Kong-based logistics platform for e-commerce merchants Jumppoint raises $6.5m in series A

January 16, 2023
edit post
Imajin
Venture Capital

Imajin closes seed funding round participated by Init-6

January 29, 2023
Next Post
edit post
Blocknative

Singapore's Merkle Science raises $5.7m as it enters US market

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback