Spark Fund is a community-led initiative connecting the earliest stage founders to their first investors - all year round

Direct applications to the Spark Fund are now open. All Accelerator applicants are also considered for Spark Fund investment.
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How much do we invest?

$25,000 with the possibility of $50,000 - $100,000 follow-on

Who makes the investment decisions?

Our community of First Believers

When do we invest?

All year round

What do we look for?

🚀

Unbridled ambition. You’re here to change the world.

💜

This is your life’s work and you will run through brick walls to make it happen.

🧠

You have a learn-it-all attitude

⚡️

Scrappy is your middle name. You get things done, fast.

Apply for Spark Fund Investment

Apply now

Frequently Asked Questions

What are the Startmate Spark investment terms?

At Startmate we like to keep it simple without hooks or surprises. Startmate invests AUD $25,000 with the following investment terms:

  • Founders who have not previously raised: at a AUD $1m post-money valuation.
  • Founders who have previously raised capital: we match the terms and valuation from their previous round.
    • Note: You must have already raised AUD $250,000 or more. During the selection process you'll need to provide signed documents.

You get to choose whether we invest via a SAFE, or in your priced equity round.

How do we match valuations?

Startmate is able to match the valuation of your last raise. There are a couple of conditions that need to be met for Startmate to match the valuation of your last raise:

  1. You need to have raised at least AUD $250,000 from VC or angel investors (i.e. not friends or family).
  2. The investment needs to be completely finalised (i.e. executed documents) prior to you being invited for interviews..

Note: We will ask for executed investment documents (i.e. a SAFE / Subscription Agreement / Term Sheet) as part of the selection process to confirm the above.