Startmate Funds continue to outperform.
If you invested $1M across our first 6 funds it is worth $10.29M (even after fees and carry). 10x. And still growing.
Not just paper returns. We’ve already distributed 2.69x cash on cash back to you.
This is not a once-off. We’re beating the top quartile of global VCs every year. We continue to deploy our investment strategy with great success a decade on.
We back the most ambitious. We back them early.
We were the first investors in Upguard in 2012. The second, Peter Thiel. At their latest round our total investment of $45k is worth $9.4M.
A 209x return.
A decade on, Accelerators and VC Funds have come and gone. Yet, Startmate is still the most active investor in the country.
But we’ve expanded beyond attracting thousands of founders every year.
We also believe in the best investor and operator talent at their beginnings. Startmate launches over 1,000 Startmate Fellows every year.
And as our community grows both in size and value, so does our ability to unearth more ambitious founders at the beginning.
It’s a virtuous cycle.
One that will allow us to continue outperforming for the decade ahead.
Startmate Funds continue to outperform.
Source: Startmate financial reports as at 30 June 2023 & Cambridge Associates Report for Global Top Quartile as at 31 March 2023.
Takeaways:
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10 out of 12 years Startmate Funds are in the Top TVPI Quartile of Global VC Funds
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Even in uncertain markets, the last 12 months the Startmate Funds have continued to meaningfully grow due to continued strong rounds raised by our companies.
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We're not just writing up paper values, Startmate Funds are delivering real returns.
Accelerator
Pre-seed fund that invests in the Accelerator cohorts
Fund Size
We cap it around $3m
Cadence
Every 6 months
Every year
Dealflow
500+ applications every cohort
Investments
Around 15 = Top 3% from Applications
Stage
Pre-seed to Seed
Continuity
Follow-on fund that invests in the best Startmate companies post-Accelerator
Fund Size
$11m closed, $15m final size
Cadence
First fund of this nature
Next fund in 3 years
Dealflow
230+Startmate Accelerator alumni, we invest in the follow on rounds of the best
Investments
~50, index fund of the best ANZ
early-stage startups
Stage
Seed, Series A to later stages
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