Australia: Listed fintech venture firm H2Ocean to raise $55m fund

Visual from H2 Ventures website

Australian fintech accelerator H2 Ventures has launched H2Ocean Ltd, the first listed venture firm on the Australia Securities Exchange (ASX), which seeks to raise funds of at least $27.5 million, up to $55 million.

Brothers Ben and Tony Heap, both seed funding VC specialists, led H2Ocean’s launching to cater to the fintech startup market.

Ord Minnett and Shaw and Partners are leading the prospectus offered at $1.10 per share. Teasurer Scott Morrison launched the float due to list around October 19.

In its prospectus, H2Ocean indicated that investors will benefit from diversified global exposure to the fintech sector through a portolio of ventures with innovative products, services and business models.

The Heap brothers expressed confidence that H2Ocean will gain significant interest from large Australian companies.

Besides their present portfolio of 15 startups, the brothers plan to invest in other fintechs seeking seed capital.

Some of H2 Ventures’ present fintech investments are Payhero, Edstart, Tapview, Deposits, Currency Spot, LoanDolphin, Stockspot, Equitise, Macrovue, among others.

Also Read:

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.