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Constant Innovation is an early-stage venture capital firm located in Mount Waverley, Victoria, Australia. The firm was established by the original founders of carsales.com Ltd following its public listing. This background provides a strong foundation in technology and entrepreneurship, enabling the firm to focus on high-growth technology businesses that address significant problems.
Currently, Constant Innovation manages a portfolio of over 10 companies, with a strong emphasis on sectors such as AI, fintech, healthcare, and edtech. The firm is known for its hands-on approach, providing not only equity capital but also management expertise to entrepreneurs. This dual focus aims to accelerate the growth of startups while navigating the challenges they face.
Constant Innovation has achieved notable milestones, including successful exits such as 1Form, which was sold to REA Group Ltd, and Temando, which saw a 40% stake sold to Neopost SA. The firm continues to seek opportunities in the global market, particularly in Oceania, to support innovative technology ventures.
The investment strategy of Constant Innovation centers on technology businesses that demonstrate a competitive advantage and solve real problems. The firm is particularly interested in online disruptors and rapidly scalable business models that generate high recurring revenue. They typically invest in companies at the pre-seed, seed, and Series A stages, focusing on those that are already generating revenue and have confirmed market demand for their products or services.
Constant Innovation looks for founders who possess relevant experience and are committed to their business vision. The firm prefers to engage with startups that have a clear path to growth and a solid understanding of their market. Their investment thesis emphasizes hands-on operator involvement, which allows them to provide valuable insights and mentorship to portfolio companies, enhancing their chances of success.
Constant Innovation's portfolio includes a diverse range of technology companies, showcasing their commitment to high-growth sectors. Notable portfolio companies include:
Successful exits from their portfolio include 1Form, sold to REA Group Ltd, and Temando, which saw a 40% stake sold to Neopost SA.
Steve Kloss - Chief Executive Officer. Steve has extensive experience in technology and venture capital, having played a pivotal role in the establishment of Constant Innovation following the IPO of carsales.com Ltd.
Wal Pisciotta - Partner. Wal brings a wealth of knowledge in technology investments and has been instrumental in guiding portfolio companies through their growth phases.
Greg Roebuck - Partner. Greg has a strong background in the automotive sector and has led several successful investments in technology-driven businesses.
Grant Taylor - Partner. Grant specializes in early-stage investments and has a keen eye for identifying high-potential startups.
Peter Aitken - Partner. Peter has a diverse background in technology and finance, contributing to the firm's strategic direction.
Rod Dux - Partner. Rod's expertise lies in operational management and scaling businesses, providing valuable insights to portfolio companies.
To pitch to Constant Innovation, founders should submit their proposals through the firm's website. The pitch deck should include a clear overview of the business model, market opportunity, and competitive landscape. Founders are encouraged to provide data on revenue generation and market demand.
Response times may vary, but the firm values warm introductions, which can facilitate quicker engagement. Founders should be prepared for follow-up discussions to delve deeper into their business plans.
In recent months, Constant Innovation has continued to focus on its portfolio, which includes over 10 companies across various technology sectors. Notable portfolio companies such as carsales.com Ltd and Pentana Solutions Pty Ltd have shown significant growth, contributing to the firm's reputation in the venture capital space.
While specific investment announcements have not been publicly disclosed, the firm remains active in seeking new opportunities within the technology sector, particularly in high-growth areas like AI and fintech.
What are Constant Innovation's investment criteria?
Constant Innovation invests in technology businesses that demonstrate a competitive advantage and address significant problems. They focus on companies that are already generating revenue and have confirmed market demand for their products or services.
How can I apply or pitch to Constant Innovation?
Interested parties can apply through the Constant Innovation website or seek an introduction from a trusted contact. The firm encourages warm introductions to facilitate the process.
What makes Constant Innovation different from other venture capital firms?
Constant Innovation differentiates itself through its hands-on operator involvement. The founders are experienced operators, not just financial investors, which allows them to provide valuable insights and mentorship to portfolio companies.
What is the geographic scope of Constant Innovation's investments?
The firm invests globally, with a particular focus on Oceania. They seek high-growth technology businesses that can scale rapidly in various markets.
What is the typical check size for investments?
While specific check sizes are not disclosed, Constant Innovation typically invests in early-stage companies at the pre-seed, seed, and Series A stages, focusing on those with high growth potential.
What kind of post-investment involvement can founders expect?
Founders can expect active mentoring and support from Constant Innovation's team. The firm emphasizes sharing experiences and providing management expertise to help accelerate growth and navigate challenges.
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