Earlier in June, a trio of experienced Australia based startup entrepreneurs started raising fund for their Sydney Seed Fund.
The trio is none other than Benjamin Chong (co‐director of Sydney Founder Institute), Ari Klinger (partner at Right Click Capital), and of course, Garry Visontay, (an active angel investor with significant board‐level experience). Sydney Seed Fund aims to invest in 20 early stage tech startups at the seed stage with approximately AU$100,000 (US$95,000) of funding for each company.
The team has recently updated e27 that they have to date, managed to raise AU$1.9 million (US$1.9 million), and are still accepting new investors into the fund. With the majority of the fund raised, they are currently on the look out for companies who may benefit from seed-stage investment from Sydney Seed Fund. Seed stage investment means that companies can be pre-revenue.
Sydney Seed FundAustralia
The Sydney Seed Fund is an early stage investment fund managed by experienced entrepreneurs looking to invest in Australia’s most passionate tech founders.