Growing Victorian Angel Networks
Catalysing Early-Stage Startup Investments
Grant Round Timeline
Stage 1
Round launched: 2 May 2022
Information Session: 1:00pm – 2:00pm 18 May 2022 via Zoom Webinar [Watch the recording here]
Round Closed: 10:00am 15 June 2022
Communications: to applicants moving to Stage 2 wk commencing 27 June
*Updated 27 June
Stage 2
Video Pitch Due: 4pm Monday 4 July 2022 (Updated 14 June 2022)
Virtual Q&A: via Zoom Wednesday 6 July 2022 (Updated 14 June 2022)
Due Diligence: requested information due in July 2022 (date TBA)
Communications: to applicants moving to Stage 3 18 July 2022
Stage 3
Contracting: we expect to contract successful applicants by early August 2022
Announcement: An announcement will follow once contracts executed
Over the past two years, LaunchVic has provided funding to support the establishment of five successful new Angel Networks to help build a robust Victorian investor community and to unlock more capital for Victorian Startups. These networks are already playing an important role in developing the Victorian startup ecosystem – providing an avenue of funding for founders, supporting startup investors to syndicate, and providing capital in a structured and purposeful way at the critical early stages of startups’ journey. To date over 200 new investors have been recruited by these networks investing more than $5m into Victorian startups.
Despite this growth in formal angel networks, LaunchVic recognises that this number of angel groups is lower than in peer ecosystems. With a rise in investor education programs, there is also a growing number of informal syndications.
By providing operational funding and support LaunchVic seeks to encourage the formalisation of more angel networks, providing an opportunity for growth in early-stage investments in Victorian startups and an increase in the early-stage investor pool.
Successful Recipients
| Organisation | Funding | Network Focus |
| Climate Angel Network | $300,000 | Ecotone Ventures' Climate Angel Network will be a new climate-focused Angel Network based in Victoria that will connect the growing number of climate-conscious investors to early-stage ventures with climate solutions.
The network aims to recruit at least 66 angel investors and support 16 investment deals into Victorian startups with a cumulative investment of $3 million over 2 years. |
| Cut Through Angels | $295,000 | The fund will be industry agnostic and technology-centric, and only startups with the potential to generate venture capital returns will be invested in. The network aims to recruit at least 100 angel investors, and support 16 investment deals into Victorian startups with a cumulative investment of $3 million over 2 years. |
| Playbook Angel Network | $280,000 | The Playbook Angel Network investment thesis will be focused on founders and companies solving the following big questions of the future. The network aims to recruit at least 60 angel investors and support at least 11 investment deals into Victorian startups with a cumulative investment of $2.8 million over 2 years. |