Early-stage VC Investible names Charlie Ill new CIO

Asia Pacific-based early-stage VC Investible has announced the appointment of Charlie Ill to the newly-created role of group Chief Investment Officer, as well as the promotions of Jayden Basha to Principal and Ben Lindsay to Investment Manager.

The appointments are part of a broader strategy by the Investible group to unify its early-stage investment funds and team into a centralised structure, according to the announcement.

Charlie will lead Investible’s funds and portfolio management teams, including the continued deployment of its A$51.6m Early Stage Fund 2 and its Climate Tech Fund, which has closed 11 investments and continues to fundraise.

Charlie brings over a decade of venture capital experience, investing in and supporting early stage technology companies across three continents. This includes stints at Red Dot Ventures in Singapore, investing in renewables and infrastructure through the Northern Territory’s government investment arm, and as Managing Director of the Oman Tech Fund.

“Charlie has a truly global perspective that aligns with Investible’s mandate and growth plans. Australia represents around 1% of the global VC market and we are excited about broadening our horizons, leveraging our networks and expertise to expand in the Asia-Pacific region and more broadly. Most importantly, founders and investors greatly value this broader exposure,” said Investible CEO Rod Bristow.

The restructure creates a single, unified investment team with pooled resources and expertise. It is designed to efficiently deliver on the firm’s increased global activity, including support for and management of its later stage portfolio companies.

In the past three months, Investible has deployed A$9.8m in capital, including A$3.4m directly through Club Investible. It closed 18 investments during the period, including in Hotelmize (Israel), BintanGO (Indonesia), and Quantum Brilliance (Australia). Eight of these were follow-on investments, all at markups to their initial valuation. Several are to-be-announced.

Investible’s vintage 2021 Fund 2 recently celebrated its first successful exit, with the Indian HR tech giant BetterPlace snapping up Indonesia’s MyRobin less than 18 months after Investible made its initial investment.

Since Investible Co-founders Trevor Folsom and Creel Price assembled a syndicate of angel investors over a decade ago, Investible’s group portfolio has grown to 130+ investments across 10 countries, including Canva, Ipsy, and Car Next Door.

Four years after its formal founding in 2014, Investible established its unique model, pairing its syndicate of active investors and venture partners with a more traditional Fund-based VC investing approach. The syndicate, known as Club Investible, boasts over 140 members and venture partners the vast majority of whom are LPs in an Investible Fund.