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Flying Fox Ventures is an early-stage venture capital firm based in Melbourne, Australia, founded in 2021 by Rachael Neumann and Kylie Frazer. The firm focuses on propelling startups from Australia and New Zealand onto the global stage. With a capital deployment of approximately $30 million across 55 portfolio companies, Flying Fox Ventures has established itself as a significant player in the early-stage investment landscape.
The firm operates a rolling fund model, deploying up to $5 million annually and engaging over 450 investors. This structure allows for flexibility in investment and supports a diverse range of startups. Flying Fox Ventures is currently seeking an additional $20 million for a dedicated fund aimed at enhancing early-stage support.
Notable milestones include the launch of their Angel School program, which educates investors and fosters a community that supports startups through informed investment. The firm is committed to supporting homegrown startups and facilitating their growth on a global scale.
Flying Fox Ventures invests in early-stage companies across various sectors, including SaaS, healthcare, legaltech, and fintech. The firm targets pre-seed, seed, and seed-plus stages, with check sizes ranging from $250,000 to $600,000. This investment strategy positions Flying Fox Ventures as a potential first institutional check for startups in Australia and New Zealand.
The firm emphasizes a unique model that blends venture capital syndication with angel investor education through their Angel School program. This program guides investors through the startup funding process while helping them build diversified portfolios. Flying Fox Ventures seeks to support homegrown startups and facilitate their growth on a global scale, focusing on entrepreneurs who demonstrate strong vision and commitment.
Flying Fox Ventures has invested in a diverse array of companies across various sectors. Notable portfolio companies include:
In addition to these companies, Flying Fox Ventures has a total of 55 portfolio companies, showcasing its commitment to supporting a wide range of startups in the Australian and New Zealand markets.
Rachael Neumann - Co-Founding Partner. Rachael has been featured in The Music Network and High Growth Ventures. She brings extensive experience in venture capital and startup ecosystems.
Kylie Frazer - Co-Founding Partner. Kylie has appeared on the Scale Investors podcast and Airtree's Halo Effect. She has a strong background in supporting early-stage companies and investor education.
Jera Guntang - Operations Manager. Jera plays a crucial role in managing the firm's operations and ensuring smooth processes within the organization.
To pitch to Flying Fox Ventures, founders should visit their website at flyingfox.vc or email hello@flyingfox.vc. It is essential to include a comprehensive overview of the startup, including the business model, market opportunity, and team background. The firm appreciates pitches that are clear and concise, highlighting the unique value proposition of the startup.
Response times may vary, but founders can expect timely feedback on their submissions. Warm introductions are preferred, as they can facilitate a more favorable review process.
In March 2023, Flying Fox Ventures announced its intention to raise an additional $20 million for a dedicated fund to bolster early-stage support. This move reflects the firm's commitment to enhancing its investment capabilities and supporting more startups in Australia and New Zealand.
Additionally, the firm has been actively engaging with the Australian startup ecosystem, participating in various media features and discussions about angel investing and venture capital.
What are Flying Fox Ventures' investment criteria?
Flying Fox Ventures focuses on early-stage companies in sectors such as SaaS, healthcare, legaltech, and fintech. They typically invest at the pre-seed, seed, and seed-plus stages, with check sizes ranging from $250,000 to $600,000.
How can I apply or pitch to Flying Fox Ventures?
Founders can pitch their startups by visiting the firm's website at flyingfox.vc or by emailing hello@flyingfox.vc. It is recommended to provide a clear overview of the business model, market opportunity, and team background in the pitch.
What makes Flying Fox Ventures different from other VC firms?
Flying Fox Ventures combines capital deployment with investor education through their Angel School program. This unique approach not only supports startups but also educates investors, fostering a community that is informed and engaged in the startup ecosystem.
What is the geographic scope of Flying Fox Ventures?
The firm primarily invests in startups based in Australia and New Zealand, focusing on homegrown talent and facilitating their growth on a global scale.
What kind of post-investment involvement can founders expect?
Flying Fox Ventures provides strategic guidance and access to a network of experienced investors, helping portfolio companies navigate challenges and scale effectively.
What is the fund size and how much capital has been deployed?
The firm has a fund size of $30 million and has deployed approximately $30 million across 55 portfolio companies since its inception.
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