Participated · Equity · Feb 2026

Kasada is a New York–based cybersecurity company founded in 2015 by CEO Sam Crowther that specializes in protecting websites, mobile apps, and APIs from automated threats and AI-driven abuse. Its platform distinguishes legitimate users from bots without relying on CAPTCHAs, preserving friction-free digital experiences while preventing fraud and revenue loss. The technology allows businesses to enforce how humans, AI agents, and other automated traffic interact with their digital properties. Kasada positions itself as an end-to-end solution for fraud prevention and agentic defense, continually expanding product capabilities to stay ahead of emerging threats. The company plans to use new capital to accelerate market expansion and deepen its product roadmap across fraud prevention. Although detailed operating metrics were not disclosed, the firm has attracted a roster of specialized cybersecurity investors, underscoring market confidence in its growth trajectory. Kasada’s future plans include entering new geographic markets and broadening platform functionalities to safeguard additional digital channels.

Led · Series C · Nov 2024

Auror offers a retail crime reporting and intelligence platform that helps retailers detect, report, and prevent theft and other crimes. The platform collects and analyzes data from video surveillance, self-checkout AI, and in-store alerts. Its system is used by over 150,000 retail users across 45,000 stores globally, including Coles, Woolworths, Bunnings, Marks & Spencer and BP. Auror raised NZ$82.0M in a Series C to support its growth and R&D plans. The company intends to use the funds to expand in North America and the UK and to drive further research and development. Investors leading the round include Axon Enterprise, W23 Global and Reinventure, with support from existing investors. Auror offers a crime intelligence platform used by frontline store employees, headquarters staff and police to prevent organized crime, reduce shrink and make store employees safer. The company was founded nine years ago by Phil Thomson, Tom Batterbury and James Corbett and honed its offering in New Zealand, capturing over 80% of retailers by spend there before expanding to Australia and the US. Auror takes a privacy-by-design approach, avoiding CCTV and live facial recognition while enabling structured incident reporting and secure data sharing. Its product enables retailer-to-retailer collaboration and aggregates data for police to prioritize investigations. Named customers include Walmart, Woolworths, Coles, The Warehouse and Z Energy, and customer feedback in the investment notes is highly enthusiastic. The combination of easy frontline reporting, trusted sharing and police aggregation creates multiple layers of network effects and a flywheel that increases reporting and investigative effectiveness as Auror expands into the US.

Participated · Series C · Sep 2024

InDebted provides organizations with a technology-driven, customer-centric alternative to traditional debt collection, using machine learning to personalize each collections journey alongside a dedicated Customer Experience team. The company employs roughly 300 people, with almost half based in the United States, and its founder and CEO relocated to the US in 2023. InDebted now generates 70% of group revenue from US operations, a market that grew 195% over the last fiscal year. The business reached operating profitability in February 2024 and reports a compound annual growth rate of 110%. Management plans to use new capital to fund market expansion, pursue an M&A strategy, and continue product and solution development, with launches planned in the UAE and Mexico next month and later expansion into Europe and South America. Investors and advisers point to InDebted’s product innovation, global traction and category-leading position displacing incumbents as drivers of continued support. InDebted is a fintech startup that helps people manage overdue payments. Its core product is a debt-management platform aimed at improving the overdue payments process. The company announced expansion into the UK and highlights employee-focused policies such as a four-day work week. In its 2022 financial year it doubled its revenue. At the end of the financial year it raised $22.5 million and saw its valuation double to $200 million. The business also cut 40 staff and the CEO has signaled a shift away from 'growth at all costs.' Founded in 2015 and based in Sydney, InDebted provides a technology platform designed to facilitate debt collection for businesses while taking a friendlier approach than traditional collectors. The company has experienced rapid commercial growth, reporting 300% revenue growth over the past 12 months. Co-founder Josh Foreman says valuation has grown roughly 18× since its May 2017 seed round. InDebted raised a $1M seed from Reinventure in May 2017 and has continued to attract repeat investment from that fund. The platform is focused on scaling its collections technology and expanding its customer base among businesses requiring receivables management. InDebted provides a technology platform to help businesses, including SMEs, get paid quickly and efficiently by facilitating and managing debt collection. The company offers contingency-based debt collection services as its primary mercantile service for SMEs. For larger companies and lenders it sells a platform-as-a-service model. InDebted was founded by Josh Foreman in 2015 and is Sydney‑founded. The startup aims to disrupt Australia’s multibillion-dollar debt collection sector. It recently secured close to $1 million in seed funding to support its growth.

Participated · Series A · May 2023

Safewill is a digital end-of-life planning platform that provides a step-by-step online will writing process with flat fees and adjacent services. Since launching in 2019 it has expanded to offer Enduring Powers of Attorney, Enduring Guardianship, a subscription-based digital vault, an affiliate wills and estates law firm, and low-cost funeral planning services. The company reports close to 100,000 users on its platform and says AU$500 million in charitable gifts have been committed to Australian not-for-profits through its wills. Safewill has partnered with more than 200 Australian charities, including Cancer Council, Fred Hollows Foundation, Guide Dogs Australia, RSPCA, and Sydney Swans Foundation. Management describes the product as a unified digital experience that ties together estate planning documents, funeral products, legal services, and legacy tools to de-stigmatise end-of-life planning. The company plans to use new funding to further develop the business and execute selective overseas expansion. Safewill is an Australian online will-writing platform that lets individuals create and update wills through a digital interface. The company charges A$160 to create a will and offers unlimited updates during the first year, with an optional A$15/year plan for ongoing unlimited updates. Safewill serves both direct-to-consumer users and a B2B2C channel through partnerships with charities. Over the past 18 months the platform has been used to create more than 10,000 wills. The startup has established partnerships with more than 100 of Australia’s largest charities and associations to encourage legacy donations and deliver will-creation to donors. Founded in 2019, the company is positioned at the intersection of consumer legaltech and nonprofit fundraising support.

Participated · Series A · Nov 2022

FrankieOne provides a single API that connects banking, fintech, crypto and gaming companies to hundreds of identity and fraud vendors and over 350 data sources across 48 countries to enable KYC and fraud detection. Founded in 2019 by Simon Costello and Aaron Chipper, the company works with about 170 financial institutions and customers such as Westpac, Shopify, Afterpay, Binance, Zipmex and PointsBet. FrankieOne says it has seen 4x revenue growth over the past 12 months, its team doubled year-over-year, and it opened a new San Francisco office. Its platform allows customers to switch on vendors, create dynamic workflows and add fraud signals so they don't rely on a single provider. Use cases include PointsBet increasing customer onboarding conversion by 14% and Westpac rolling FrankieOne into its banking-as-a-service KYC flow to improve pass rates. The company plans to scale faster internationally across North America, Europe and Asia-Pacific and will invest in its ecosystem of vendors, data sources and fraud capabilities. FrankieOne offers an automated platform that harnesses roughly 350 data sources to verify identities at onboarding and monitor subsequent activity for fraud. The product is delivered via APIs and supports data sources across 46 countries, positioning it for multinational customers. The company has about 90 customers (80 added in the last 18 months), including Afterpay, Westpac and Zipmex, and says ARR grew 20-fold in the past year with roughly half of sales coming from outside Australia. FrankieOne plans to expand its international footprint and will add transaction monitoring for both fiat and cryptocurrencies later this year. The business was born from a 2017 neobank effort by co-founders Simon Costello and Aaron Chipper that pivoted into identity/fraud tooling; the founders returned earlier investor funds from the original neobank effort. FrankieOne is based in Melbourne and has reached this traction without a marketing or sales team.