As we edge towards a new year, we are both humbled and proud as we reflect on 2023.
Not only has the year seen Investible reaffirm our position as a truly global investment firm; the successes of our visionary founders and dedication of our global team have reflected Investible’s commitment to supporting the advancement of humanity through technology.
Here’s a snapshot of Investible’s year, by the numbers. Read on for the story of the year that was.
62 total investments
29 new portfolio companies
33 follow on investments
12 countries represented in our portfolio
1 grand opening
1 new fund announced
8 new team members
One of APAC's most active VC's
Despite a tough 2023 macroeconomic environment, our core investment activity remained strong. Our team deployed over $17m+ in capital across 12 countries, screened more than 4,200 potential opportunities, from which we made 29 new investments and 62 total investments across our two actively-deploying funds and Club Investible syndicate.
We’re built differently from most VC firms — we invest in groundbreaking tech companies via multiple investment vehicles, with all of our deal sourcing, screening and portfolio company investments managed by a globally-located team with wide-ranging experience and capability. A brief update from these investment vehicles below.
Our multi-sector Investible Early Stage Fund 2 (2021) was among Australia’s most active VC Funds this year, backing 17 new early-stage companies across diverse sectors from fintech and insurance to logistics, edtech and AI.
In 2023, we celebrated two successful exits from our Early-Stage Funds, with the acquisition of MyRobin (by India’s BetterPlace) and LIGR (by Crionet). As our portfolios continue to mature, we anticipate to crystalise returns from several more investments from our vintage 2018 Investible Early-Stage Fund 1 and global HNW investor syndicate, Club Investible.
Climate Tech Fund(s)
Our commitment to the climate tech sector formally began with a 5% impact allocation in the Investible Early-Stage Fund 1; a 10% impact allocation in the Investible Early-Stage Fund 2; and the launch of the Investible Climate Tech Fund in 2021. Two years on, our strategy and conviction has accelerated and in 2023, we welcomed 12 new startups to the fund’s portfolio. These companies are solving key issues in the climate challenge from food waste, critical mineral recycling and solar deployment to the decarbonisation of concrete, aviation and more.
In October, Investible doubled down on our commitment to climate tech with the announcement of a new co-GP Climate Tech fund — a joint venture with Indonesia’s largest financial conglomerate, Bank Mandiri. With the launch of this fund, we are continuing our commitment to backing this vital sector, with a regional focus in Southeast Asia and Australia, as well as globally.
2023 also marked a key milestone for Investible with the launch of the Greenhouse Tech Hub (more on this below).
This year, the Club Investible syndicate welcomed more than 50 new members, were presented 19 new deals, made 26 follow-on investments and successfully invested $12.4m. The Club Investible calendar was full as we hosted events in Sydney, Singapore, Melbourne and Brisbane to build a stronger global early-stage investment community, leveraging Investible’s networks and investment process and methodology.
When our Club members and founders come together, the magic of the Investible model is most visible. Serendipity comes from fostering connection: the bread and butter of our day-to-day activity.
It takes a village
A core focus for us in 2023 was continuing to create and sustain relationships and partnerships, which play a pivotal role in our strategy. Our reach further extended into Indonesia, where we established the outline of the 'Mandiri-Investible Global Climate Tech Fund' with our new partners at Bank Mandiri and Mandiri Capital Indonesia.
Our community was more active than ever this year, hosting 12+ events across Sydney, Singapore, Melbourne and Brisbane. These events ranged from live pitches and fireside chats to engaging socials and dinners. Our team actively participated and supported creating connections across the Investible ecosystem.
Of course, a further note our appreciation to the countless funds and investors whom with we co-invested into a new generation of technology companies.
The Investible Portfolio
2023 was a dynamic blend of capital deployment and portfolio growth. We bolstered our support by providing follow-on investment to 33 of our portfolio companies through our Funds and Club Investible; enabling them to continue to scale and grow.
As we reflect on our accomplishments, it's crucial to recognise the diligent efforts of our team: without whom none of this will have taken place. Our team serves as the bedrock of our success, embodying our values and laying the groundwork for future growth while breathing life into our business.
This year, we celebrated the well-deserved promotions of two exceptional members of team Investible: Jayden Basha as Investment Principal and Ben Lindsay as Investment Manager. This affirmation holds true for our firm as much as it does for the startups we support—capable, ambitious individuals are the driving force behind any business's progress.
We also looked outward to bring in new expertise into the Investible crew across our governance, leadership, investment and operations teams. We brought aboard Charlie, Nicholas, Caitlin, Wolmorry, Kelley, as well as Christine Amour-Levar and Dr. Bill Foo to our Singapore Funds board, and Dr. Darian McBain to our Climate Tech Investment Committee.
In December, we appointed two new Venture Partners to our team, Rob Hulme in Australia and Tina Di Cicco in the Philippines. Venture Partners are a key part of the Investible model, supplementing Club Investible with specific expertise to help raise capital and identify, evaluate, co-invest and support Investible group portfolio companies.
The Investible Women’s Network
It’s no secret that the tech and VC landscape is male dominated, in Australia, Asia and globally. While Investible has made some impact with 43% of our Climate Tech investments having a female founder, we have made the decision to take decisive action to support growth of female participation in tech.
This year, Investible is proud to have launched the Investible Women’s Network — a collective of founders, investors and advisors from within the Investible community. The network will expand its impact in 2024 with events, workshops and opportunities for women and non-binary members in our network to find mutual support, growth and fulfilment through community.
This year, more than 4 years of ideation and hard work saw the Greenhouse Tech Hub come to fruition in Sydney. A new project that is part of the overall Investible group but with its own unique brand identity and positioning, Greenhouse is a climate action ecosystem connecting key stakeholders who are dedicated to helping solve our world’s most pressing challenge: climate change.
In the latter half of 2023, the Greenhouse team, led by Investible co-founder Creel Price achieved several milestones:
Opened the Greenhouse Tech Hub: A joint effort from the City of Sydney and Investible saw the official ribbon cutting of the Hub, an ecosystem and shared office space dedicated to climate action and co-innovation.
Assembled a stellar and passionate team of climatarians to help Greenhouse scale in Sydney and globally.
The journey for Greenhouse is only just starting. Expect more events, co-innovation opportunities, and challenges in 2024. Follow the project on LinkedIn or via their newsletter to keep in touch.
To say it’s been a busy year would be an understatement. As we enter a brief but well-deserved period of rest, reflection and recharge, we look forward to what is sure to be an awesome, challenging and rewarding 2024.
The Investible group of companies includes various entities who are corporate authorised representatives (CAR) of Boutique Capital Pty Ltd (BCPL) AFSL 508011. The full list of entities are detailed here.
CAR has taken all reasonable care in producing all the information contained in the website including but not limited to reports, tables, maps, diagrams and photographs. However, CAR will not be responsible for loss or damage arising from the use of this information. The contents of this website should not be used as a substitute for detailed investigations or analysis on any issues or questions the reader wishes to have answered.
You may download the information for your own personal use or to inform others about our materials, but you may not reproduce or modify it without our express permission. To the extent to which this website contains advice it is general advice only and has been prepared by the Company for individuals identified as wholesale investors for the purposes of providing a financial product or financial service, under Section 761G or Section 761GA of the Corporations Act 2001 (Cth).
The information in this website is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking into account personal investment objectives, financial circumstances or particular needs. Recipients of this information are advised to consult their own professional advisers about legal, tax, financial or other matters relevant to the suitability of this information.
Any investment(s) summarised in this website is subject to known and unknown risks, some of which are beyond the control of CAR and their directors, employees, advisers or agents. CAR does not guarantee any particular rate of return or the performance, nor does CAR and its directors personally guarantee the repayment of capital or any particular tax treatment. Past performance is not indicative of future performance.
All investments carry some level of risk, and there is typically a direct relationship between risk and return. We describe what steps we take to mitigate risk (where possible) in the investment documentation, which must be read prior to investing. It is important to note risk cannot be mitigated completely.
Whilst the contents of this website is based on information from sources which CAR considers reliable, its accuracy and completeness cannot be guaranteed. Data is not necessarily audited or independently verified. Any opinions reflect CAR’s judgment at this date and are subject to change. CAR has no obligation to provide revised assessments in the event of changed circumstances. To the extent permitted by law, BCPL, CAR and their directors and employees do not accept any liability for the results of any actions taken or not taken on the basis of information in this website, or for any negligent misstatements, errors or omissions.
Subscribe to our newsletter
Be the first to receive the latest news, insights and resources from Investible
You are now subscribed !
Oops! Something went wrong while submitting the form.