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The Venture Codex

EVP

Suite 2102, Westfield Tower 1, 1/520 Oxford St, Bondi Junction, NSW, 2022, Australia

Overview

EVP is an early stage venture capital firm based in Sydney Australia with c. $300M FUM across four fund vintages. Our most recent fund was launched in December 2022 and is a $100M fund. The fund targets early Series-A investments initially with cheque sizes in the range of $0.5 – $5.0 million. Our funds invest in software, are sector agnostic and have a focus on Australian based B2B SaaS companies. Over the years, we’ve backed brilliant founders building global software companies like SiteMinder, Deputy, Ignition and Shippit. We make high conviction investments, underpinned by ambition, pragmatism and a deep understanding of the software journey.

Total investments
35
Lead investments
25
Investments · 12mo
3
Active investors
5

Sector focus

  • Finance
  • Financial Services
  • SaaS
  • Venture Capital
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Investment portfolio

  • EatClub

    Participated · Series B · Feb 2026

    Founded in 2017, Melbourne-based EatClub operates a marketplace app that lets restaurants post real-time, discounted offers during off-peak periods, enticing diners while improving venue utilisation. More than 5,000 Australian venues are on the platform, including over 1,700 in Victoria and a similar number in New South Wales. The company entered the U.K. in 2024 and now counts around 1,000 restaurants there as customers. Legendary chef Marco Pierre White was an early backer, lending both capital and culinary credibility. EatClub survived the Covid-19 downturn in hospitality and has since accelerated growth. Media reports indicate its valuation has doubled to about US$200 million following the latest round. The new capital will fund further expansion in Britain and other international markets.

  • CorePlan

    Led · Equity · Feb 2026

    Perth-based CorePlan provides cloud software that connects drilling contractors and geology teams in a single system of record, replacing the sector’s typical patchwork of spreadsheets, messages and databases. The platform is used by more than 600 companies, including majors such as BHP, Fortescue, AngloGold Ashanti and Rio Tinto, and serves over 9,000 users with about 300 new users joining each month. To date, over A$6 billion worth of drilling and mining work has been managed through the system. By automating manual administrative tasks, CorePlan positions itself as the operational backbone for the mining industry. With fresh capital, the company intends to broaden its product into additional drilling and geology workflows, bolster regional support and deepen its presence in the Americas while continuing to scale in Australia. Management plans to grow its global team to support these expansions. The combination of strong enterprise adoption and customer advocacy underpins the startup’s growth trajectory.

  • AutoGrab

    Participated · Series B · Jan 2026

    Founded in 2020, AutoGrab offers an artificial-intelligence platform that delivers real-time vehicle valuations, sourcing insights, and analytics, positioning itself as “a Bloomberg terminal for the auto industry.” The software identifies a car down to exact variant and market context within seconds, helping insurers, dealers, and fleet managers determine true market value and optimise transactions. The company already counts about 1,000 Australian dealerships as customers and is used by 90% of local motor insurers for total-loss settlements. Cofounders Chris Gardner and Daniel Werzberger split leadership duties, with Gardner spearheading the newly launched London office to drive European expansion while Werzberger oversees Australian operations. AutoGrab plans to channel new capital into growth across the UK, broader Europe, and the Asia-Pacific region, with an eye on complexities such as the influx of Chinese EV brands. Prior to its latest raise, the startup secured a US$5 million Seed round in 2022 and a US$7 million Series A in October 2023, reflecting steady investor confidence. The most recent funding valued the company at US$230 million, underscoring strong traction in both domestic and international markets.

  • StrongRoom AI

    Led · Equity · Mar 2025

    StrongRoom AI offers a medication-management platform used by over 1,500 pharmacies that combines controlled-substance tracking, patient engagement, and analytics to support regulatory audit trails and dispensing workflows. The company reported approximately A$13M in annualized revenue and 80% year-over-year growth by the end of 2024, but under prior management allegedly booked government grants and loans as revenue and was running roughly A$800,000 in monthly losses. After entering receivership in March 2025 it was acquired by industry entrepreneur Joe Zhou for A$3M and has since raised A$1.2M from pharmacy operators and healthcare investors to stabilize operations. Management has divested non-core assets—selling Member Benefits Australia to the Australian Pharmacy Association—and is prioritizing a cloud migration of its platform, accelerated product development, and expansion into pharmacy and aged-care partnerships. The company’s customer base and regulatory integration are cited as durable competitive advantages, while ongoing litigation and past accounting irregularities pose material governance and fundraising risks.

  • Mutinex

    Participated · Equity · Oct 2024

    Mutinex is a Melbourne-based SaaS marketing analytics company founded in 2018 by Matt Farrugia and Henry Innis. The company provides a marketing analytics platform that leverages AI, advanced analytics, and predictive modeling to optimize marketing strategies and performance. Its primary products are DataOS, an all-in-one marketing data solution, and Growth OS, a decision engine. In October 2024 Mutinex raised A$17.5M at an A$132.5M valuation in a round led by Marbruck Investments with support from EVP and Archangel Ventures. The company said it will use the proceeds to support rapid expansion in the US. The article does not disclose revenue, user metrics, or the instrument type for the round.

Team