Athletes' venture firm raises first fund | Private Equity Media
Athletic Ventures, started by former athletes, has closed its debut fund at $25 million, with about 100 sports stars and several veteran venture figures backing it as limited partners.
Angel investor · Managing Partner · Founder, Athletic Ventures
Every published round Matt de Boer 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 |
|---|---|---|---|---|---|---|
| Who Gives A Crap | Unnamed stage | 20 Sep 2021 | $41.5m | Participant | SmartCompany (17 Jan 2023), SmartCompany (6 Oct 2022), onimpact.com.au, privateequitywire.co.uk, Business News Australia, Athletic Ventures portfolio, Giant Leap portfolio | |
| Heaps Normal | Series A | 13 Mar 2024 | $8.5m | Participant | Archangel Ventures portfolio, Ten13 portfolio, SmartCompany (10 Jul 2023), SmartCompany (3 Dec 2021), Startup Daily, SmartCompany (29 Nov 2021), Athletic Ventures portfolio, Ten13 portfolio |
Companies Matt de Boer has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Heaps Normal | Non-alcoholic beer company | 13 Mar 2024, Series A | 1 | 0 |
| Who Gives A Crap | 20 Sep 2021 | 1 | 0 |
Fund closes reported for Matt de Boer, as distinct from the investments it has made.
Companies Matt de Boer has backed that another company then bought. An exit for the holding, not a deal Matt de Boer did.
| Role | Organisation | Sources |
|---|---|---|
| Managing Partner · Founder | Athletic Ventures | privateequitymedia.com.au, Forbes Australia, Australian FinTech, Startup Daily (31 Jan 2023), Startup Daily (29 Nov 2021), SmartCompany, Athletic Ventures team page |
Stories naming Matt de Boer. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Athletic Ventures, started by former athletes, has closed its debut fund at $25 million, with about 100 sports stars and several veteran venture figures backing it as limited partners.
KPMG data shows Australian startup funding hit a record in 2022 despite a global downturn, while accountancy fintech Hnry closed a $35 million Series B led by AirTree to double headcount and expand overseas.
Accounting fintech Hnry raised a Series B led by AirTree, with Left Lane, Akshay Kothari and Athletic Ventures participating, to fund hiring, international expansion and product development.
Also Australian FinTech·Forbes Australia·SmartCompany·SmartCompany·Startup Daily
Non-alcoholic beer maker Heaps Normal has secured Series A backing to fund a new brewhouse, onboarding strategic individual investors a year after graduating from Startmate with a smaller cash injection.
Toilet paper social enterprise Who Gives A Crap has taken its first outside capital, a $41.5 million round led by Verlinvest with Grok Ventures, Airtree, Giant Leap and prominent founders and athletes involved.
Also privateequitywire.co.uk·SmartCompany·SmartCompany·onimpact.com.au