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Venture Capital
rampersand.vc

Investments

31

Portfolio Exits

2

Funds

4

About Rampersand

Rampersand invests in, supports, and works with Australian technology founders, teams, and companies. The company was founded in 2013 and is based in Cremorne, Australia.

Headquarters Location

15 Newton St

Cremorne, Victoria,

Australia

(+61) 418 458 668

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CB Insights Intelligence Analysts have mentioned Rampersand in 1 CB Insights research brief, most recently on Oct 15, 2020.

Latest Rampersand News

Rampersand’s Paul Naphtali reviews 2022 and what lies ahead

Jan 16, 2023

Paul Naphtali - January 16, 2023 3 MIN READ Rampersand cofounder Paul Naphtali talks to the crowd 2022 was a tough year for many, but in tough times our true characters are revealed. I was inspired by Ben Armstrong’s post to reflect on and celebrate the growth and collaborative nature of startup Aus/NZ, especially what I’ve seen last year. Australia is the lucky country, and our luck hasn’t run out. For the first time in a generation (or ever), we have a growing community of highly ambitious, world-class founders together with a genuine venture capital industry with risk appetite and dry powder, a culture that now views startups as commercially and socially acceptable, and a really strong culture of capital efficiency and the ability to survive and thrive in capital-constrained environments. Founders in Aus/NZ have access to high-quality venture funds and investors who (generally) genuinely care for the entrepreneurs they back and their long-term success and wellbeing. I’m not saying things are perfect. There’s plenty more to be done here, but the trajectory of the early tech startup ecosystem is promising, and we have much to celebrate. The power of entrepreneurs Last year Rampersand co-invested with 20+ Australian investors (plus a plethora of internationals). We’ve had two investments we’re trying to close over the Summer break and in 2022 added six new companies and seven follow-on investments to the Rampersand portfolio. We also had the opportunity to collaborate with 100+ funds via the Giant Warm Intro, which facilitated 200+ under-represented founder intros to the most active investors in Aus/NZ. To see the ecosystem come together for the greater good reinforces our optimism for the future of startup funding in the region. In times like this, community and connections are crucial. For Rampersand, the collective and individual wisdom and experience in our network are critical to our success. The founders we back are so driven and inspiring, and it’s a genuine pleasure to partner with them all. And, of course, like any good partnership, it endures through good times and bad. Rampersand started investing in and supporting startups at a time when very few people in Australia were doing it. We believed in the power of entrepreneurs and the potential for Australia to be a breeding ground of innovation. Since we started Rampersand, we have focused on our three foundational pillars: founders as the heroes upon whom all success relies, building a sustainable and inclusive ecosystem, and delivering returns to our investors. Core to this was ensuring alignment between our investors, the founders that we back and ourselves as the manager. We focused on backing inspiring, visionary and execution-focused founders and giving them more than just capital. We believed in sharing our network, experience, insights, battle scars, deep and passionate belief and commitment to solving novel problems, and doing all we can to support the companies to Series A and beyond. This has seen Rampersand consistently back 4–6 companies a year, each done with care and conviction. And everyone knows if a founder gets backing from Rampersand, it’s because we have a belief (that we are prepared to fight for) that the founding team has the capability and ambition to build a meaningful company, solving a problem they — and we — care deeply about. Of course, as is the nature of early technology investing, we haven’t always got it right, but we’ve never gone down without a fight. A fund to back founders through market changes As the markets change, we will also make changes, but we will continue to do things in a Rampersand way: by being judicious, patient, commercial, and bold. For our new fund, the Future Tech Fund, we have core focus areas. These include business software and automation, data-driven intelligence and disruptive digital marketplaces. We also invest in an area we call emerging frontiers, which is an opportunity for our investment team to constantly explore new technology. These frontiers are endless, and as a seed fund, we always retain curiosity and commitment to backing founders who are relentlessly solving big problems. Our fund and team are structured to invest in the seed and pre-seed rounds. We keep investing in those founders that command further investment, either on our own or alongside leading Australian and international funds. We typically reserve 40–50% of a fund for follow-ons and have 150+ engaged and influential investors who often co-invest with the fund. Over time, the Rampersand portfolio has created thousands of jobs and billions of dollars of value, and all have adapted to the new market with incredible creativity and resilience. I am in awe of the entrepreneurial spirit and how change creates opportunity, an ongoing reminder of why we started Rampersand in the first place. In 2023 This year will be different again, no doubt in ways none of us can predict right now. We’re seeing the cost of talent come down as availability goes up. The number of new startups in Australia and New Zealand is growing exponentially. The adoption of tech, and particularly software, is still growing. We will continue to explore new markets, technologies, structures, and frontiers. We will continue to open the VC ecosystem to emerging founders, from all backgrounds, through The Giant Warm Intro. Looking to the year ahead, we will continue to work as a team to invest in the best and brightest ideas in Australia early on. We will continue to support founders on their journey, and we will continue to support the growing ANZ startup ecosystem.

Rampersand Investments

31 Investments

Rampersand has made 31 investments. Their latest investment was in mx51 as part of their Series B on July 7, 2022.

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Rampersand Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/19/2022

Series B

mx51

$22.39M

Yes

2

4/6/2022

Pre-Seed

Earthbanc

$1.5M

Yes

European Space Agency, Katalista Ventures, Rampersand, Regen Network, ReGen Ventures, STING Accelerator, Undisclosed Angel Investors, and Visive Capital

1

3/14/2022

Seed VC

Cake Equity

$2.2M

Yes

4

10/22/2021

Seed VC - II

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$99M

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10

9/28/2021

Seed VC - II

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$99M

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10

Date

7/19/2022

4/6/2022

3/14/2022

10/22/2021

9/28/2021

Round

Series B

Pre-Seed

Seed VC

Seed VC - II

Seed VC - II

Company

mx51

Earthbanc

Cake Equity

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Amount

$22.39M

$1.5M

$2.2M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

European Space Agency, Katalista Ventures, Rampersand, Regen Network, ReGen Ventures, STING Accelerator, Undisclosed Angel Investors, and Visive Capital

Sources

2

1

4

10

10

Rampersand Portfolio Exits

2 Portfolio Exits

Rampersand has 2 portfolio exits. Their latest portfolio exit was Stackla on June 02, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/2/2021

Acquired

$99M

5

4/7/2021

Merger

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$99M

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10

Date

6/2/2021

4/7/2021

Exit

Acquired

Merger

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

5

10

Rampersand Fund History

4 Fund Histories

Rampersand has 4 funds, including Rampersand Seed Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/19/2022

Rampersand Seed Fund

$29.6M

1

7/28/2016

Rampersand Fund II

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$99M

10

9/23/2013

Rampersand Investment Fund

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$99M

10

Rampersand Fund IV

10

Closing Date

4/19/2022

7/28/2016

9/23/2013

Fund

Rampersand Seed Fund

Rampersand Fund II

Rampersand Investment Fund

Rampersand Fund IV

Fund Type

Subscribe to see more

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Status

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Amount

$29.6M

$99M

$99M

Sources

1

10

10

10

Rampersand Team

1 Team Member

Rampersand has 1 team member, including current Founding Partner, Jim Cassidy.

Name

Work History

Title

Status

Jim Cassidy

Founding Partner

Current

Name

Jim Cassidy

Work History

Title

Founding Partner

Status

Current

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