Participated · Series A · May 2024

Loopit builds mobility management software that enables automakers, dealers and rental car companies to offer vehicle usage models such as car subscriptions and micro-leasing. Its platform is used by customers including Porsche, Subaru, Polestar and SIXT and supports a network of more than 55,000 vehicles. The company has raised $3.95 million in a pre-Series A round to fund expansion into the U.S. market. The round includes existing investors Upswell, Common Sense Ventures and Luxem, plus new backers AeroCorp and RAC venture arm BetterLabs. Co-founder Michael Higgins said consumers are increasingly attracted to vehicle access rather than ownership and that flexible ownership alternatives will become the default. Higgins also highlighted industry shifts from electric and autonomous vehicle technology and said the next significant breakthrough will be transforming the car ownership experience as vehicles incorporate advanced technology. Loopit (Blinker Subscription Pty Ltd) is a Software-as-a-Service platform and professional services company that provides end-to-end car subscription management and billing solutions for automakers, dealerships and startups. Its platform handles both customer-facing touchpoints and the back-office management required to offer car subscriptions. Founded by brothers Michael and Paul Higgins and launched in early 2019, Loopit has expanded into New Zealand (2021) and the United Kingdom (2022). The company currently powers the majority of car subscription providers across Australia and New Zealand and reported a 320% increase in new car subscriptions over the past six months versus the preceding period. Loopit plans to continue developing its proprietary technology while scaling headcount and accelerating revenue growth as it expands globally.

Led · Equity · Jan 2022

Amaka is an accounting automation technology startup that helps accountants, bookkeepers and business owners automate data entry by connecting accounting platforms to systems such as Shopify, Lightspeed, Vend, Dash and Square (Block). Its software enables integrations between cloud accounting and commerce/point-of-sale platforms, including enabling Xero integration with Square. The company was founded by Pedram Afshar, Pouyan Afshar and Martin Chee. Amaka reports having over 24,000 merchants on its platform and said it achieved over 20× growth during the pandemic. It plans to double down on its merchant-first strategy to accelerate growth. The company has previously completed two seed rounds and a pre-seed raise.

Participated · Equity · Nov 2021

Riparide is a Melbourne-based online portal that curates unique properties and experiences in regional Australia, listing accommodations from caravans and yurts to tram carriages, yachts, hotels and shipping containers. Founded in 2014, the platform emphasises minimalist, nature-oriented stays and complements listings with add-on activities and GPS coordinates for secluded locations. It has more than 1,600 sites across New South Wales and Victoria and reported a 300% year-on-year increase in bookings during the pandemic. Around 85% of its users are aged 25–44, a demographic the company says has driven engagement and growth. Riparide is targeting 250,000 bookings over the next three years. The company plans international expansion and aims to launch overseas within the next 12 months once travel restrictions ease, naming Auckland and two unnamed US cities as targets.