Investments
14Portfolio Exits
2Funds
2About Tank Stream Ventures
Tank Stream Ventures is a technology focused fund investing in the brightest Australian early-stage startups. The firm invests in game-changing mobile, ecommerce and software startups. To support the brightest Australian startup companies, the Tank Stream Ventures fund has been established as a $20M ESVCLP that bridges the gap for early-stage (seed and early A-round) capital.
Tank Stream Ventures Headquarter Location
Level 10 17-19 Bridge Street
Millers Point, 2000,
Australia
+61 2 9241 5004
Latest Tank Stream Ventures News
Aug 30, 2018
Flare , a Sydney, Astralia-based HR and payroll technology company, secured $21m in Series B funding. The round was led by Point72 Ventures, with participation from Australian funds Acorn Capital, Tank Stream Ventures, Reinventure and BridgeLane. In conjunction with the funding, Point72 partner Pete Casella will join the board of Flare. The company intends to use the funds to contribute to the local growth of its onboarding, fully-integrated HR and payroll product suite, and expand its financial wellness and benefits platform. Co-founded by Dan Cohen, Managing Director, James Windon, Managing Director, Saul Kaplan, CTO, and Colin Mierowsky, Solutions Architect, Flare provides an all-in-one cloud based HR, Onboarding, Financial Wellbeing and Payroll platform. Since its last major investment of $7m in August 2017, the company has doubled its customer base to over 200 clients, with the platform currently used by over 100,000 employees across Australia. FinSMEs
Tank Stream Ventures Investments
14 Investments
Tank Stream Ventures has made 14 investments. Their latest investment was in Biteable as part of their Series A on December 12, 2020.
Tank Stream Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
12/30/2020 | Series A | Biteable | $7M | No | Cloud Apps Capital Partners, and Undisclosed Angel Investors | 4 |
2/12/2020 | Series A | ezyCollect | $4.78M | No | 1 | |
3/26/2018 | Seed VC - II | Biteable | $2.16M | No | 2 | |
12/12/2016 | Seed VC - II | |||||
7/21/2016 | Seed VC |
Date | 12/30/2020 | 2/12/2020 | 3/26/2018 | 12/12/2016 | 7/21/2016 |
|---|---|---|---|---|---|
Round | Series A | Series A | Seed VC - II | Seed VC - II | Seed VC |
Company | Biteable | ezyCollect | Biteable | ||
Amount | $7M | $4.78M | $2.16M | ||
New? | No | No | No | ||
Co-Investors | Cloud Apps Capital Partners, and Undisclosed Angel Investors | ||||
Sources | 4 | 1 | 2 |
Tank Stream Ventures Portfolio Exits
2 Portfolio Exits
Tank Stream Ventures has 2 portfolio exits. Their latest portfolio exit was PocketBook on September 13, 2016.
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 |
|---|---|---|---|---|---|
9/13/2016 | Acquired | 3 | |||
Date | 9/13/2016 | |
|---|---|---|
Exit | Acquired | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 3 |
Tank Stream Ventures Fund History
2 Fund Histories
Tank Stream Ventures has 2 funds, including Tank Stream Ventures.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
10/29/2013 | Tank Stream Ventures | Early-Stage Venture Capital | Closed | $19.16M | 1 |
Tank Stream Ventures II |
Closing Date | 10/29/2013 | |
|---|---|---|
Fund | Tank Stream Ventures | Tank Stream Ventures II |
Fund Type | Early-Stage Venture Capital | |
Status | Closed | |
Amount | $19.16M | |
Sources | 1 |
Tank Stream Ventures Team
2 Team Members
Tank Stream Ventures has 2 team members, including former Managing Partner, Alfred Lo.
Name | Work History | Title | Status |
|---|---|---|---|
Jonathan Lui | PocketBook, Airtasker, Amaysim, and IBM | Founder | Former |
Alfred Lo | Cicada Innovations, Startmate, AMP Financial Services, SingTel, and PwC | Managing Partner | Former |
Name | Jonathan Lui | Alfred Lo |
|---|---|---|
Work History | PocketBook, Airtasker, Amaysim, and IBM | Cicada Innovations, Startmate, AMP Financial Services, SingTel, and PwC |
Title | Founder | Managing Partner |
Status | Former | Former |