Venture capital fund · 2 deals
Venture fund and studio backing early-stage startups in WA
Perth, WA
Every published round BetterLabs Ventures took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Upcover | Seed | 5 Jul 2022 | $4.7m | Participant | Cut Through Venture, Startup Daily (25 Jul 2022), SmartCompany, Startup Daily (5 Jul 2022), Startup News (WA) | |
| Snackr | Seed | 30 Jun 2022 | $915k | Participant | Startup News (WA) (30 Jun 2022), Startup Daily, Startup News (WA) (19 Jun 2022) |
Companies BetterLabs Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for BetterLabs Ventures, as distinct from the investments it has made.
Companies BetterLabs Ventures has backed that another company then bought. An exit for the holding, not a deal BetterLabs Ventures did.
| Name | Role | Sources |
|---|---|---|
| James Edwards | General Manager Strategic Innovation | Startup News (WA) |
Stories naming BetterLabs Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Kylie and Derek Gerrard's Purpose Ventures has closed $37m for its Western Australian startup fund, with WA investors, the Steinberg Family Office as cornerstone backer and state government operational support.
Also Startup Daily
RAC's Perth-based BetterLabs Venture Fund has deployed more than $2.5 million across eight Australian startups in six months, including seed funding for Snackr, taking its portfolio to 22 investments and over $12 million.
Also Startup Daily·Cut Through Venture·SmartCompany·Startup Daily
Podcast episode with the two founders of IDEA, a new school for young entrepreneurs, covering their accelerator graduation, early backing from BetterLabs Ventures, and first student cohort.
Ten startups have been chosen for the 2022 Plus Eight Accelerator in Perth, with corporate partners including Capricorn Society, Woodside Energy and RAC BetterLabs supporting the founders as the program begins.