Telstra Ventures

Founded 2011
Founders Mark Sherman Matthew Koertge

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 93
Average round size
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The average size of a deal this fund participated in
$53M
Portfolio companies 71
Rounds per year 9.30
Lead investments 20
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.24
Exits 20
Key employees 4
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Software
  • Information Technology
  • Enterprise Software
  • SaaS
  • Mobile
Summary

In 2011 was created Telstra Ventures, which is appeared as VC. The fund was located in Australia. Telstra Ventures appeared to be a CVC structure as part of the corporation. The leading representative office of defined VC is situated in the Sydney.

Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. For fund there is no match between the location of its establishment and the land of its numerous investments - United States. Among the most popular fund investment industries, there are Machine Learning, Cloud Computing. The fund has no exact preference in a number of founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the most popular portfolio startups of the fund, we may highlight Snap, CrowdStrike, UBTech Robotics.

The top activity for fund was in 2018. The increased amount of exits for fund were in 2019. Opposing the other organizations, this Telstra Ventures works on 12 percentage points less the average amount of lead investments. The fund is constantly included in 7-12 investment rounds annually. When the investment is from Telstra Ventures the average startup value is more than 1 billion dollars. Considering the real fund results, this VC is 8 percentage points more often commits exit comparing to other organizations. Deals in the range of 50 - 100 millions dollars are the general things for fund.

We also calculated 4 valuable employees in our database.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the Telstra Ventures, startups are often financed by GV, Andreessen Horowitz, New Enterprise Associates. The meaningful sponsors for the fund in investment in the same round are GV, General Catalyst, Sierra Ventures. In the next rounds fund is usually obtained by Salesforce Ventures, GGV Capital, New Enterprise Associates.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

FTX Exchange

Cryptocurrency
Trading Platform
$420M21 Oct 2021 San Francisco, California, United States

Lively

Financial Services
Health Care
$80M13 Oct 2021 San Francisco, California, United States

FitOn

Fitness
mHealth
Mobile Apps
Personal Health
Wellness
$18M12 Oct 2021 Los Angeles, California, United States

Pandion

E-Commerce
Logistics
Retail
$30M05 Oct 2021 Seattle, Washington, United States

Sleeper

eSports
Fantasy Sports
Messaging
Mobile
Sports
$40M16 Sep 2021 California, United States

Mobile Premier League

eSports
Gaming
iOS
Sports
$150M15 Sep 2021 Bengaluru, Karnataka, India

Forage

E-Learning
Education
Employment
$25M20 Aug 2021 San Francisco, California, United States

ClosedLoop.ai

Artificial Intelligence
Health Care
Machine Learning
$34M17 Aug 2021 Austin, Texas, United States

reThought Insurance

Commercial
Innovation Management
InsurTech
$15M27 Jul 2021 Mexico, Zacatecas, Mexico
News
Mobile Premier League Raises Series E Financing; Valued at $2.3 Billion

– Mobile Premier League, the Asian largest esports and skill gaming platform, raised its Series E round of financing at a pre-money valuation of $2.3b.
– The round was led by Legatum Capital with participation from existing investors Sequoia, SIG, RTP Global, Go-Ventures, Moore Strategic Ventures, Play Ventures, Base Partners, Telstra Ventures, and Founders Circle Capital.
– The new investment will be used to finance the company’s global expansion and invest in its technology.

ClosedLoop.ai Raises $34M in Series B Funding

– ClosedLoop.ai from Austin develops a healthcare’s data science platform using artificial intelligence to improve outcomes and reduce costs.
– Series B $34m round was led by Telstra Ventures with participation from Breyer Capital, Greycroft Ventures, .406 Ventures, and Healthfirst, with participation from angel investors Adam Boehler (former director of CMMI & CEO of Rubicon Founders) and Sam Palmisano (former CEO of IBM).
– The new investment will be aimed at further expanding the reach of its artificial intelligence solutions.

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