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The Venture Codex

River City Labs Accelerator

Level 6, 200 Adelaide Street, Hub Australia, Anzac Square, Brisbane City, QLD, 4000, Australia

Overview

RCL Accelerator is a startup accelerator powered by muru-D based in Brisbane, Australia. Started in 2015, RCL Accelerator ran the first pilot program under the "powered by muru-D" name in Brisbane. With such a successful outcome from the first program, the RCL Accelerator has quickly become a go to place for startup companies. Once a year they invest a small amount of money ($60k) in up to 10 companies. The startups move to Brisbane for 3 months full time and then supported part time for an additional 3 months. The RCL-A partners/mentors work closely with the teams to get them into the possible position to take on their global market opportunities. Each cycle culminates in Demo Day, when the startups present their business plans to a carefully selected, audience of investors. Coverage of Previous Demo Days: BNE1 - Pilot

Total investments
2
Lead investments
0
Investments · 12mo
0
Active investors
2
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Investment portfolio

  • Monarc Global

    Participated · Seed · Jul 2019

    Monarc Global, founded in 2017 by Royce Crown, offers a white‑label booking plugin that automates quoting and enables real‑time search, comparison and payment for private aircraft charters. The software gives operators a system comparable to commercial Global Distribution Systems to streamline availability and pricing. The company reports a conversion rate of roughly one flight per 15 quotes and has grown to a team of 13. Monarc says it now has more than 350 operators on the platform, including Avcair, Global Jet and Navair. With the platform Monarc aims to reduce broker margins and long wait times, positioning private travel as a practical alternative to commercial flights. The broader Australian charter industry is cited at $1.2 billion in value and growing modestly.

  • Vygo

    Participated · Seed · Sep 2018

    Vygo is an Australia-based SaaS platform reinventing the conventional social support ecosystem in higher education by connecting students with mentors, tutors, advisors and other support services. The platform offers personalized support beyond the physical campus and already works with a third of Australian universities while rapidly growing in the UK. In March 2022 Vygo raised £1.5M in a pre-seed funding round. The round was led by edtech VC Sparkmind and supported by Angel Investment Network, with Supercharger Ventures and the Australian Catholic University participating. Vygo says the funds will be used for platform development and to expand its UK and European presence. The company aims to use the capital to fuel its ambition to build borderless social education for every student. Vygo is an EdTech platform founded in 2016 by University of Queensland civil engineering graduates Joel Di Trapani and Ben Hallett. The platform focuses on increasing student engagement and reducing university dropout rates. Vygo progressed through UQ's Ventures programs, including the Ventures ilab Accelerator in 2017. The company has received government and accelerator funding, including a $100K Ignite Ideas Fund grant from the Queensland Government and $10,000 from the Ventures ilab Accelerator. Vygo has expanded its offices to Sri Lanka, indicating early international expansion. The company recently secured a AU$850K investment from the Australian Catholic University. Vygo is a mobile marketplace that connects university students with affordable peer tutors and lets tutors earn money by assisting their peers. Co-founded in November 2015 by Ben Hallett, Joel Di Trapani and Steven Hastie, the company is based in Brisbane, Australia. Vygo launched after a 16-week pilot at the University of Queensland in 2016, during which one tutor earned $4,000. To date over 5,000 students across Queensland and Victoria have downloaded the app, which is available on the Apple App Store and Google Play. The company recently secured $500k in pre-seed funding (including a $100k government grant) and plans to use the proceeds to accelerate national expansion and further product development.

Team