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Corporate Venture
FINANCE | Investment Firms & Funds
telstraventures.com

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Investments

121

Portfolio Exits

29

Funds

3

Partners & Customers

3

Service Providers

3

About Telstra Ventures

Telstra Ventures provides the tools for creative entrepreneurs to establish themselves in markets around the world - its technical expertise, distribution channels and existing customer base enables the companies invested in to thrive now and in the future. Telstra Ventures is the corporate venture capital arm of Telstra. Based in Silicon Valley, Asia and Australia, the firm has invested in more than 36 technology companies since 2011.

Telstra Ventures Headquarter Location

400 George Street

Sydney, New South Wales, 2000,

Australia

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Telstra Ventures Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Telstra Ventures Rank

Latest Telstra Ventures News

Telstra Report Unveils Ethereum Devs Remain Strong During Bear Market

Aug 9, 2022

Reading Time: 2 mins read Recent news reported the constant increase of developers in some renowned digital currencies, especially Ethereum. The effect has increased the Web3 community strength and is looking to maintain this course in the long run. The news cited that the growth is a function of the participation of developers in the major ecosystems. According to the information from Telstra Ventures, the major digital currencies involved here are Bitcoin, Ethereum, and Solana. Telstra Ventures is a known investing arm of telecommunication in Australia. Notably, the report also compared the level of strength of all three ecosystems. From available data, Ethereum seemed to possess a more prominent and stronger community of developers than the others. Also, the information stated that there are still opportunities available in these three digital currencies. Observations are that there is still a wide range of unfunded opportunities on the ETH network. Aside from that, it was also reported that investors were only able to use half of the 10 top projects in these ecosystems. Ethereum Leads With Active Contributors The primary metric determinant of an ecosystem that shows its strength is the number of consistent contributors the ecosystem has. Another factor is the rate of usage and how well-known the ecosystem is. The popularity and use are what draws the attention of other contributors to the digital currency network. Ethereum price stands steady on the daily chart. Source: ETHUSDT Tradingview Going further, Telstra has carried out an in-depth investigation on the active developers in all three ecosystems in the last four years. Drawing from the data obtained, the community of the Eth network increased by 24.9%. This was dated from the 1st of January 2018. Considering the current state of the crypto market, it is not out of place to say that this growth is quite surprising. As of July 2022, only 9% of the monthly contributors in the Eth network dropped after the drastic plunge in the prices of digital currencies in November. The information indicates that the current crypto winter does not affect the developers of these ecosystems. More factors also contribute to the steady increase in the contributors of this digital token. A prominent example is the anticipated Eth Merge. This event is intended to move the blockchain from its current Proof-of-Work (PoW) system to that of a Proof-of-Stake (PoS). One of the intents of the Merge is to draw more interest from contributors to the network. Currently, the total number of active contributors in this ecosystem is more than 2,500. This has been the figure at the end of each month, dating from the first half of last year. BTC And SOL Devs Growth Overview Moreover, SOL obtained a compound yearly growth rate of about 173%, which occurred during the same period as ETH. At the time, its price reached a peak of $204. But somehow, its rate dipped to about 21%, with a total number of active contributors of slightly more than 250.

Telstra Ventures Investments

121 Investments

Telstra Ventures has made 121 investments. Their latest investment was in Weiwenjia Information as part of their Series B - III on June 6, 2022.

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Telstra Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/16/2022

Series B - III

Weiwenjia Information

Yes

2

5/25/2022

Series C - II

Airspace

$70M

No

3

5/10/2022

Series B

Certn

$50M

No

3

4/14/2022

Series C - II

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10

3/29/2022

Series C

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$99M

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10

Date

6/16/2022

5/25/2022

5/10/2022

4/14/2022

3/29/2022

Round

Series B - III

Series C - II

Series B

Series C - II

Series C

Company

Weiwenjia Information

Airspace

Certn

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Amount

$70M

$50M

$99M

New?

Yes

No

No

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Co-Investors

Sources

2

3

3

10

10

Telstra Ventures Portfolio Exits

29 Portfolio Exits

Telstra Ventures has 29 portfolio exits. Their latest portfolio exit was Gorilla Technology on July 14, 2022.

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

7/14/2022

Reverse Merger

$99M

3

5/19/2022

Acq - Pending

$99M

1

3/28/2022

Acq - Fin

$99M

3

1/6/2022

Acquired

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$99M

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10

10/14/2021

IPO

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$99M

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10

Date

7/14/2022

5/19/2022

3/28/2022

1/6/2022

10/14/2021

Exit

Reverse Merger

Acq - Pending

Acq - Fin

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

1

3

10

10

Telstra Ventures Acquisitions

1 Acquisition

Telstra Ventures acquired 1 company. Their latest acquisition was Dr Foster Intelligence on March 26, 2015.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

3/26/2015

Series A

$99M

$4.18M

Acquired

1

Date

3/26/2015

Investment Stage

Series A

Companies

Valuation

$99M

Total Funding

$4.18M

Note

Acquired

Sources

1

Telstra Ventures Fund History

3 Fund Histories

Telstra Ventures has 3 funds, including Telstra Ventures Fund II Sidecar.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/9/2019

Telstra Ventures Fund II Sidecar

$50M

1

10/9/2019

Telstra Ventures Fund II

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10

Telkom Telstra Venture Fund

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10

Closing Date

10/9/2019

10/9/2019

Fund

Telstra Ventures Fund II Sidecar

Telstra Ventures Fund II

Telkom Telstra Venture Fund

Fund Type

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Status

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Amount

$50M

Sources

1

10

10

Telstra Ventures Partners & Customers

3 Partners and customers

Telstra Ventures has 3 strategic partners and customers. Telstra Ventures recently partnered with VeloCloud Networks on March 3, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

3/5/2017

Vendor

United States

Telstra adding VeloCloud SD-WAN services to Chinese business

Telstra Ventures 's venture-capital arm has announced a strategic partnership with software-defined wide area networking specialist VeloCloud in an attempt to push further into software-defined networking and network function virtualisation .

1

6/23/2015

Partner

United States

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10

6/25/2013

Licensor

United States

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10

Date

3/5/2017

6/23/2015

6/25/2013

Type

Vendor

Partner

Licensor

Business Partner

Country

United States

United States

United States

News Snippet

Telstra adding VeloCloud SD-WAN services to Chinese business

Telstra Ventures 's venture-capital arm has announced a strategic partnership with software-defined wide area networking specialist VeloCloud in an attempt to push further into software-defined networking and network function virtualisation .

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Sources

1

10

10

Telstra Ventures Service Providers

3 Service Providers

Telstra Ventures has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Telstra Ventures Team

7 Team Members

Telstra Ventures has 7 team members, including current Chief Financial Officer, Geoff Dolphin.

Name

Work History

Title

Status

Geoff Dolphin

Chief Financial Officer

Current

Markheys Sherman

Battery Ventures, Robertson Stephens, and Lazard Frères & Co.

Managing Partner

Current

Marcus Bartram

General Partner

Current

Yash Patel

General Partner

Current

Steve Schmidt

Telstra, and Toyota Finance Corporation

General Partner

Current

Name

Geoff Dolphin

Markheys Sherman

Marcus Bartram

Yash Patel

Steve Schmidt

Work History

Battery Ventures, Robertson Stephens, and Lazard Frères & Co.

Telstra, and Toyota Finance Corporation

Title

Chief Financial Officer

Managing Partner

General Partner

General Partner

General Partner

Status

Current

Current

Current

Current

Current

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