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Archangel Ventures is a venture capital firm founded in 2020 by Ben Armstrong, Rayn Ong, and Quentin Wallace. Based in Australia, the firm has quickly become one of the most active investors in the pre-seed and seed stages, focusing on technology-driven startups. Archangel Ventures has raised approximately $40 million from 150 wholesale investors for its 2022 fund, which emphasizes early-stage investments in Australia and beyond.
The firm has established a reputation for being the first check into startups, fostering deep, long-term relationships with founders. Archangel Ventures operates primarily in Australia but also engages with entrepreneurs in Canada, Singapore, and the United States. The firm has made a total of 73 investments to date, showcasing its commitment to supporting early-stage companies.
Archangel Ventures is currently preparing for its 2026 Fund, which will be registered as an Early Stage Venture Capital Limited Partnership (ESVCLP), providing tax benefits to eligible investors. This fund aims to continue supporting Australian founders at the pre-seed and seed stages, further solidifying Archangel's position in the venture capital landscape.
Archangel Ventures specializes in pre-seed and seed investments across various sectors, including AI, healthcare, fintech, consumer products, and supply chain management. The firm primarily targets technology companies, emphasizing the importance of innovation and growth in these industries. Archangel Ventures seeks to partner with founders who are passionate about their ideas and demonstrate a strong commitment to building their businesses.
The firm typically invests in early-stage startups, providing initial capital to help them develop their products and market strategies. Check sizes generally range from $100,000 to $500,000, allowing for flexibility in supporting diverse business models. Archangel Ventures operates mainly in Australia but also engages with founders in Canada, Singapore, and the United States, reflecting its broader geographic focus.
Archangel Ventures values speed, conviction, and trust in its investment approach. The firm aims to build deep, long-term relationships with founders, offering not only capital but also access to a network of industry experts and later-stage VCs. This collaborative approach enhances the potential for success among portfolio companies.
Archangel Ventures has built a diverse portfolio of 73 companies, showcasing its commitment to early-stage technology investments. Notable portfolio companies include:
This diverse portfolio reflects Archangel Ventures' focus on technology-driven businesses and its commitment to supporting innovative startups across multiple sectors.
Ben Armstrong: Managing Partner at Archangel Ventures, Ben has extensive experience in early-stage investing and has led numerous successful investments in technology startups.
Rayn Ong: Partner at Archangel Ventures, Rayn brings a wealth of knowledge in venture capital and has a strong track record of supporting founders in their growth journeys.
Andrew Cicutto: Partner at Archangel Ventures, Andrew has a background in technology and finance, contributing valuable insights to the firm's investment strategy.
Quentin Wallace: Venture Partner at Archangel Ventures, Quentin has experience in entrepreneurship and venture capital, helping to identify promising startups for investment.
Thea Ngo: Senior Investment Associate, Thea plays a key role in sourcing and evaluating potential investments, leveraging her expertise in the startup ecosystem.
Grace Liang: Head of Investor Relations and Operations, Grace manages relationships with investors and oversees operational aspects of the firm.
To pitch Archangel Ventures, founders should submit their proposals through the online contact form available on their website. The firm prefers concise decks that clearly outline the business model, market opportunity, and team qualifications. Founders should include relevant metrics and milestones to demonstrate traction.
Response times may vary, but Archangel Ventures aims to review submissions promptly. A warm introduction can enhance the chances of receiving a favorable response, although it is not strictly necessary.
Archangel Ventures is currently accepting expressions of interest for their **2026 Fund**, which will be registered as an Early Stage Venture Capital Limited Partnership (ESVCLP). This fund aims to support Australian founders at the pre-seed and seed stages, providing them with the necessary capital and resources to grow their businesses.
Founders interested in applying for the 2026 Fund can submit their expressions of interest through the firm's website. This program is designed to attract innovative startups and foster growth in the Australian startup ecosystem.
In June 2025, Archangel Ventures celebrated the exit of its portfolio company, MagicBrief, marking a significant milestone for the firm. This exit highlights the firm's successful investment strategy and its ability to identify promising startups.
Archangel Ventures is currently accepting expressions of interest for its upcoming 2026 Fund, which will be registered as an Early Stage Venture Capital Limited Partnership (ESVCLP). This fund aims to support early-stage Australian founders and is expected to attract interest from eligible investors seeking tax benefits.
The firm continues to publish insights on its blog, covering relevant topics for startups and venture capital, including healthcare innovation and marketing strategies for founders. Recent posts have engaged the startup community and showcased Archangel Ventures' commitment to supporting entrepreneurs.
What are Archangel Ventures' investment criteria?
Archangel Ventures focuses on pre-seed and seed investments in technology-driven startups across sectors such as AI, healthcare, fintech, and consumer products. The firm looks for passionate founders with innovative ideas and a strong commitment to building their businesses.
How can I pitch Archangel Ventures?
Founders can pitch Archangel Ventures through their website by submitting an expression of interest. The firm prefers to receive pitches via their online contact form, which can be found here.
What makes Archangel Ventures different from other investors?
Archangel Ventures emphasizes speed, conviction, and trust in its investment approach. The firm aims to build deep, long-term relationships with founders, providing not only capital but also access to a network of industry experts and later-stage VCs.
What is the geographic scope of Archangel Ventures?
While primarily focused on Australia, Archangel Ventures also engages with founders in Canada, Singapore, and the United States. This broader geographic focus allows the firm to tap into diverse markets and innovative ideas.
What is the typical check size for investments?
Archangel Ventures typically invests between $100,000 and $500,000 in early-stage startups, providing flexibility to support various business models and growth strategies.
What kind of post-investment support does Archangel Ventures provide?
Archangel Ventures offers operational support, mentorship, and access to a network of industry experts and later-stage VCs. The firm is committed to fostering the growth and success of its portfolio companies.
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