South Australian Venture Capital Fund
Overview
The South Australian Venture Capital Fund (SAVCF) is a $50 million initiative established to assist dynamic and innovative early-stage companies in accelerating their growth to national and global markets. Managed by Artesian Venture Partners, Australia's largest and most active early-stage venture capital firm, the fund aims to stimulate economic activity and job creation within South Australia. It seeks to strengthen the competitiveness of local entrepreneurs by attracting private co-investment from national and international investors, while earning a commercial rate of return for its investors, including the South Australian Government. The fund focuses on high-growth and export-potential companies that have demonstrated a market for their product or service and have either commenced generating revenue or can show customer validation and a clear path to revenue generation. While there are no sector restrictions, the fund requires that eligible companies have at least 50% of their assets and staff located in South Australia during a period that ends 12 months from the initial investment date. The SAVCF is structured as a co-investment fund, requiring each initial investment to be matched with at least 50% investment from other sources, such as venture capital funds or high-net-worth investors. As of December 2022, the SAVCF has invested in 10 companies, supporting 440 jobs within these investee companies. The fund's portfolio includes investments in sectors such as technology, healthcare, clean energy, cybersecurity, defence, agrifood, space, and medtech. The SAVCF continues to play a pivotal role in empowering South Australia's innovation ecosystem, fostering the growth of early-stage startups, and contributing to the state's economic development and job creation initiatives.
Investment Focus
- Demonstrated market for product or service
- Commenced generating revenue or evidence of customer validation
- Less than $250 million in assets
- Not publicly listed (unless delisting within 12 months)
- At least 50% of assets and staff located in South Australia within 12 months of investment
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Frequently asked questions about South Australian Venture Capital Fund
What sectors does South Australian Venture Capital Fund invest in?
South Australian Venture Capital Fund invests in Technology, Healthcare, Cybersecurity, Medtech, Space and Clean Energy, and is based in South Australia, Australia. South Australian Venture Capital Fund is listed as a vc in the ConnectSafely investor database.
What stage does South Australian Venture Capital Fund invest at?
South Australian Venture Capital Fund backs companies at Seed, Early Stage and Series A, writing cheques of 1M - 2.5M.
Which regions does South Australian Venture Capital Fund invest in?
South Australian Venture Capital Fund invests across Australia.
Last updated · Source: ConnectSafely investor database
