Venture capital fund · 1 deal

Dream Ventures

Sydney, OS

Disclosed deals

Every published round Dream 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
WeMoney	undisclosed	Jul 2022	$7m	Participant	Laurence Escalante Full Circle VC BetterLabs Laurence Escalante's family office	SmartCompany (24 Apr 2025), SmartCompany (24 May 2024), Australian FinTech (23 May 2024), Cut Through Venture, Startup News (WA), Australian FinTech (12 Jul 2022)

Cohort members

Everyone Dream Ventures has named to a program in published coverage. A place in a program is not a raise: the cheque is the figure recorded with the place, which is the program's standard terms where we hold them, and a blank is one we don't.

Member	Program	Announced	Cheque	Sources
No cohort members published yet.

Portfolio

Companies Dream Ventures has backed in a published round, and companies whose existing shares it bought off another holder.

Company	What it does	First invested	Rounds	Led
WeMoney	Financial health coach app	Jul 2022, undisclosed	1	0

Funds

Fund closes reported for Dream Ventures, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Dream Ventures yet.

Portfolio companies acquired

Companies Dream Ventures has backed that another company then bought. An exit for the holding, not a deal Dream Ventures did.

Company	Bought by	Kind	Announced	Price
No portfolio company of Dream Ventures is recorded as having been acquired.

Name	Role	Sources
Dr Kyle Turner	Mentor	Forbes Australia

Coverage

Stories naming Dream Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

12 deals

Runway May 24: The 7 startups revealing venture raises this week

Weekly roundup covering seven ANZ startup raises — Bare Funerals, Humii, WeMoney, CLT Toolbox, Clean Slate Clinic, SpatialGPT and Great Wrap — plus LaunchVic's $900,000 into Paul Little's Skalata fund.

Also Startup Daily·Startup Daily

10 deals

Seven Aussie startups that raised $17.7 million this week

Weekly roundup listing seven Australian startups and their raises, totalling $17.7 million across AI, packaging materials, fintech, digital health, music licensing, construction software and swimwear.

Also Startup Daily

News

WeMoney reaches maiden profitability milestone

The article reports WeMoney achieved its first profitability in late 2022, with strong revenue and user growth, and notes it may fundraise in 2023 after raising $9m to date from several backers.

Australian FinTech 20 Jan 2023 BetterLabs Dream Ventures Full Circle VC RAC WeMoney Dan Jovevski Laurence Escalante

Funding announcement

High-tech twist on the rain dance sparks a shiitake storm

Profile of Cairns startup Rainstick, which uses artificial lightning to boost mushroom growth. It won $20,000 from Dream Ventures, has taken in $200,000, and joined CSIRO's ON Accelerate with nine other teams.

Unnamed stage $50k

How to fill holes in dental care … without seeing a dentist

Profile of Pearlii founder Kyle Turner, whose Melbourne AI dental-checkup app followed a 2019 Dream Ventures pitch, tracing his journey from Dubbo to Oxford and the company's pivot to dental products.

Forbes Australia 11 Dec 2022 Pearlii ANU Deliveroo Dream Ventures Generation One Minderoo Foundation Oxford Dr Andrew Forrest Dr Kyle Turner Nicola Forrest

2 deals

Financial wellness platform WeMoney raises a further $7M to accelerate growth

WeMoney closed a $7 million round in March 2022, led by Full Circle VC and Betterlabs with new backers, following its 2020 seed raise, to fund product development.

Australian FinTech 12 Jul 2022 WeMoney Athena Home Loans CoinSpot OurMoneyMarket BetterLabs Dream Ventures Full Circle VC Laurence Escalante's family office Dan Jovevski Laurence Escalante

Also Startup News (WA)·Cut Through Venture·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Australian FinTech

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