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CoAct Capital is a venture capital firm based in Australia, founded by a group of experienced investors aiming to address the shortcomings of the local venture capital landscape. Established to support early-stage technology and innovation-led companies, CoAct Capital focuses specifically on the Series A investment stage. The firm is committed to fostering a diverse range of founders, representing various genders and cultures across both urban and regional Australia.
Currently, CoAct Capital manages a portfolio of nine companies, reflecting its dedication to responsible investing. The firm adheres to the UN Principles for Responsible Investment and aligns its strategies with the UN Sustainable Development Goals. This commitment to sustainability and diversity positions CoAct Capital as a unique player in the Australian venture capital market.
CoAct Capital operates from its headquarters in Australia and continues to seek out innovative startups that align with its investment philosophy. The firm’s focus on early-stage investments allows it to engage closely with founders, providing not just capital but also strategic guidance and support.
CoAct Capital invests primarily in early-stage technology and innovation-led companies in Australia, specifically targeting the Series A stage. The firm’s investment strategy emphasizes responsible investing, which includes adherence to the UN Principles for Responsible Investment and the UN Sustainable Development Goals. This approach ensures that the companies they support not only aim for financial success but also contribute positively to society.
The sectors of interest for CoAct Capital include fintech, healthcare, cybersecurity, and commerce. The firm actively seeks to support founders who represent a diversity of gender and cultural backgrounds, reflecting its commitment to inclusivity. CoAct Capital looks for startups that demonstrate innovative solutions and have the potential for significant impact in their respective industries.
In terms of deal structure, CoAct Capital prefers to engage with founders who are passionate about their vision and are open to collaboration. The firm values transparency and communication throughout the investment process, ensuring that both parties are aligned in their goals.
CoAct Capital's portfolio consists of nine notable companies, each contributing to various sectors:
These companies exemplify CoAct Capital's focus on innovation and responsible investing, addressing critical needs in their respective fields.
James Douglas: Co-Founder of CoAct Capital, James has extensive experience in venture capital and has led numerous successful investments in technology startups. He holds a degree in Business Administration from the University of Sydney.
Kate Eriksson: Co-Founder, Kate brings a wealth of knowledge in operational management and strategic planning. She has previously worked with several high-growth startups and holds an MBA from the Australian Graduate School of Management.
Ash Lambert: Co-Founder, Ash specializes in financial analysis and investment strategy. He has a background in investment banking and has been involved in various successful funding rounds for tech companies. He graduated from the University of Melbourne with a degree in Finance.
James Blythe: Co-Founder, James has a strong background in technology and innovation. He has worked with startups across multiple sectors and holds a degree in Computer Science from the University of Queensland.
To pitch CoAct Capital, founders should send an email to james@coact.vc. The pitch deck should include an overview of the business model, market analysis, competitive landscape, and team background. CoAct Capital appreciates concise and clear presentations that highlight the startup's potential.
Response times can vary, but founders can generally expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process.
As of October 2023, CoAct Capital has made significant strides in its investment activities. The firm recently added two new companies to its portfolio, enhancing its focus on fintech and healthcare sectors. Additionally, CoAct Capital has announced plans to host a series of workshops aimed at supporting early-stage founders in navigating the venture capital landscape.
In September 2023, CoAct Capital participated in a funding round for Vantari VR, further solidifying its commitment to health tech innovation. The firm continues to seek opportunities that align with its investment thesis of responsible investing and diversity.
What are CoAct Capital's investment criteria?
CoAct Capital focuses on early-stage technology and innovation-led companies in Australia, particularly at the Series A stage. They prioritize sectors such as fintech, healthcare, cybersecurity, and commerce, and emphasize responsible investing and diversity among founders.
How can I apply or pitch to CoAct Capital?
Founders can pitch to CoAct Capital by sending an email to james@coact.vc. It is advisable to include a detailed overview of the business model, market opportunity, and team background in the pitch.
What makes CoAct Capital different from other venture firms?
CoAct Capital distinguishes itself through its commitment to responsible investing and diversity. The firm adheres to the UN Principles for Responsible Investment and actively seeks to support founders from diverse backgrounds.
What is the geographic scope of CoAct Capital's investments?
CoAct Capital primarily invests in early-stage companies based in Australia, focusing on both urban and regional areas to ensure a broad representation of founders.
What is the typical check size for investments?
While specific check sizes are not disclosed, CoAct Capital focuses on Series A investments, which typically range from $1 million to $5 million, depending on the startup's needs and potential.
What kind of post-investment involvement can founders expect?
CoAct Capital provides operational support and strategic guidance to its portfolio companies, ensuring that founders have access to resources and expertise that can help them scale effectively.
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