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The Venture Codex

Transition Level Investments

Level 10, 269 Wickham Street, Fortitude Valley, Queensland, 4006, Australia

Overview

Founded by Steve Baxter, Transition Level Investments provides equity capital and operational expertise across Seed and Series A rounds to Australian companies. Our team focuses on a company-growth approach, adding value by assisting founders to build their expertise, expand their team, build product, scale locally and globally to position for a successful exit. We have a track record of identifying investment opportunities in the Australian market and helping enable global growth.

Total investments
5
Lead investments
0
Investments · 12mo
0
Active investors
1
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Investment portfolio

  • Wonde

    Participated · Equity · Dec 2019

    Wonde offers a single portal that enables schools to securely manage third-party vendors and control the school data those apps access, positioning itself as a data-privacy and integration layer for edtech. The platform sits between third-party education app developers and a school’s Student Information System to streamline and secure data transfers. The company was founded in 2015 by Peter Dabrowa, Jonathan Coleman and Philip Clifton; CEO Peter Dabrowa emphasizes visibility and control over how sensitive student information is shared. Wonde operates in 14,000 schools across the UK, Australia and New Zealand and has a target of reaching 43,000 schools. The startup has an Asia‑Pacific arm run by former ClassCover CEO Peter Carpenter and is actively rolling out locally in Australia. Expansion and global adoption are core plans, driven by demand for improved student data privacy and easier app integration.

  • FloodMapp

    Participated · Equity · Sep 2019

    FloodMapp provides real-time, property-specific flood forecasts, inundation maps and analytics through its ForeCast, NowCast and PostCast products to support preparation, response and recovery. The company says it developed a groundbreaking flood model after years of R&D in AI, hydrology and hydraulics and has proven the technology in real flood events. Customers across Australia and the USA are using its products for evacuation planning, real-time road navigation and post-event recovery. FloodMapp was founded in 2018 and is led by Co‑Founder and CEO Juliette Murphy. The startup will use the capital to scale the business model and expand into new markets. Financially, FloodMapp raised US$6 million (A$8.4m) in a seed round that set a new record for an Australian seed. FloodMapp develops flood-prediction technology that combines big data analytics and machine learning with traditional hydrology and hydraulic modelling. Its system measures river height and rainfall in real time and uses elevation and topography to predict how and where water will flow over the land. The company was founded by Juliette Murphy and Ryan Prosser and is based in Brisbane. FloodMapp plans to expand its technology across Australia and into hurricane-prone areas of the United States. The startup recently raised $1.3 million from a group of investors. The funding is intended to support expansion and deployment of its flood-prediction tools.

  • Kapiche

    Participated · Equity · Sep 2019

    Kapiche is an Australian startup that provides an AI-powered text analytics software platform. Its platform analyzes large volumes of text from customer and employee survey responses and product reviews, extracting insights from NPS, eNPS and CSAT feedback. Customers include American Express, Nissan, Toyota, Schindler and a Silicon Valley social networking app. In March 2019 the company raised $1.75M in funding led by Main Sequence Ventures, with participation from Transition Level Investments, the Queensland Government's Business Development Fund and River City Labs Accelerator Fund. Kapiche intends to use the proceeds to accelerate its global expansion. Co-founded by Kris Rogers and CEO Ryan Stuart, the company will deploy the capital to scale its platform and grow its customer base.

  • Notiv

    Participated · Seed · Jun 2019

    Notiv is an artificial intelligence-enabled meeting assistant that transcribes meetings as they happen and pulls out key insights. The product automates minute-taking and summarization using voice technology. The company was founded by Chris Raethke, co-founder of Aussie cyber security company Bugcrowd, together with voice technology veteran Dr Iain McCowan. Notiv has closed a seed funding round totaling $1.4 million. Investors in the round include Steve Baxter’s Transition Level Investments, Full Circle VC and Black Sheep Capital. No operating metrics or explicit future plans were disclosed in the article.

  • IncoDocs

    Participated · Seed · Apr 2019

    Incodocs is a software-as-a-service platform that helps SMEs create compliant international trade and shipping documents and share that information digitally with all parties in a supply chain. The product provides document building with guardrails and can be retrofitted into existing workflows to produce clean, structured data for cloud transfer. The company aims to reduce manual data entry, paperwork-driven delays at ports, and the need to outsource documentation to expensive freight forwarders. Incodocs reports serving more than 4,000 companies across 120 countries and facilitating hundreds of millions of dollars of trade via its platform. The founding team draws on direct export and supply-chain experience and includes CEO Brandon Boor, co-founder Ben Thompson and CTO David Hooper. The company has been built entirely in Queensland, grew customers organically via the internet, and is hiring to support further growth and onboarding.

Team