Australia’s Equity Venture Partners closes $35m second fund

The EVP team.

Sydney-based venture capital firm Equity Venture Partners (EVP) has closed its $35-million second fund targeting early-stage B2B software companies in Australia.

According to a statement, the second fund has already made four investments — in Fusion Sport, Pendula, Uptick and Deputy.

EVP has $60 million under management across Australia and New Zealand. It also has a portfolio of 22 businesses including Hotelclub, Siteminder, Rezdy and Shippit.

EVP co-founder Howard Leibman said: “It is now self-evident that Australian software companies compete successfully on a global stage. Having been on this journey with several in our portfolio, our focus for Fund II will be to identify early the next generation of Australian B2B software companies with the potential to become global category leaders.”

The VC added that it looks for companies operating in global markets that have products that integrate into their customers’ core business processes. It also scouts for exceptional founding teams with industry insider experience, early commercial traction and a vision for product-led growth.

EVP last launched a $20-million fund with small cap fund manager Microequities in 2016. According to the Australian publication Smart Company, the VC was investing between $500,000 and $3 million in local startups in exchange for 5-40 per cent equity with its first fund.

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.