March 10, 2020
LAST UPDATED – 19 MARCH 2020
At Investible, we take the safety and wellbeing of our team, our broader ecosystem of portfolio companies and investors, and the community seriously.
We have been closely monitoring the latest updates regarding the spread of the coronavirus (COVID-19) and have taken a number of precautionary measures to reduce the risk to our employees, colleagues, partners and wider community.
The spread of COVID-19 and the potential risks it poses is evolving rapidly. We will proactively assess all information, ensuring safety is our priority.
This information will be updated to reflect the latest risk assessments.
Changes for International Travel
With Investible team members based in both Australia and Singapore, Investible is monitoring official travel advisories in both regions.
The Australian Government has advised Australians not to travel overseas at this time. This is the highest advice level (level 4 of 4). Singaporeans are also advised to defer all travel abroad with immediate effect.
Travellers and Australian citizens who arrive in Australia from overseas are now required to self-isolate for 14 days. A similar ‘Stay-Home Notice’ requirement takes effect in Sinagpore from 20 March, affecting all Singaporeans, Permanent Residents, Long Term Pass holders and short term visitors entering Singapore. Investible employees are complying with these requirements.
Changes for Meetings and Events
Investible staff are working remotely at this time and will continue to communicate and operate with minimal interruption to business-as-usual.
Our team asks your cooperation as we try to hold as many external/client meetings via video. Individual or small group face-to-face meetings or gatherings may be scheduled outside of the Investible offices in Singapore and Sydney, with advanced permission from participants.
Investible employees will not be required to attend any in-person meetings, events or gatherings and arrangements have been made to encourage online collaboration.
We ask for your understanding if face-to-face meetings are rescheduled as video or phone conferences.
Impact to Investible Events (including The Investible Games and AngelBid)
Investible has temporarily delayed the in-person delivery of The Investible Games and AngelBid events and has elected to conduct a number of exciting digital events and activities until we can resume in-person delivery.
The Retail Innovation Program is being adapted for all-online delivery.
Investible has cancelled the Amplitude Investor Summit, originally scheduled for March 2020 in Colorado USA. To receive updates on this event, please register your interest on the event webpage.
The Investible Early Stage Fund
Investible has completed a high-level assessment of the Investible Early Stage Fund portfolio to clarify the potential impact on our portfolio companies and is completing a deeper review of portfolio over the next month.
The result of this review will be communicated to investors in the next Fund quarterly report which will be circulated in April.
The Investible team remains available to support our portfolio companies and the broader startup ecosystem through this challenging time.
We are working closely with our portfolio companies and invite portfolio founders to continue to reach out to our teams for support.
Our investment team is also offering Virtual Office Hours for any founder who would like to discuss how COVID-19 might impact their business and capital raising strategy.
Investible will continue to monitor the status of COVID-19 as the situation evolves and will update our policy should new countries be added or removed.
For up-to-date information on the Australian Government’s response to COVID-19 visit the Australian Government Department of Health website.
We appreciate your understanding as we seek to avoid any unnecessary risks to our employees and their families as well as you and others in our community.