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Equity Venture Partners (EVP) — Analysis

Writer's picture: Warwick DonaldsonWarwick Donaldson

Updated: Jan 16


A reader provided some great advice on the direction of these articles… to initially focus these reports on the small to mid-sized funds that Australian founders should know but don’t. So that is who I’ll be analysing for the foreseeable future.


 

Equity Venture Partners (EVP)

Equity Venture Partners (EVP) Investment Analysis Summary
Equity Venture Partners (EVP) Investment Analysis Summary

Fund Background

Founding Date: 2011


Offices: Sydney


Cheque Sizes: $500k — $3m


Fund 1: $25m launched in 2016 as Microequities Venture Capital Fund

Fund 2: $35m launched in 2018 as EVP Fund II

Fund 3: Soon to raise new fund under EVP Fund III



Team: Team is made up of professional investors, that is they have never founded a tech startup but have all had careers in consulting, finance and law and worked with startups and other business | http://evp.com.au/team/


Stated Tech Focus: Software


Stated Sector Focus: B2B


Stated Stage Focus: Series A and Series B


Note: If you want to understand EVP then you need to spend some time researching the founders Les Szekely (interview with Les), Howard Leibman as well as Microequities Venture Capital Fund and Grand Prix Capital

If this was useful then give me positive feedback by following me and giving me a clap

Founder Stats

Total Portfolio Founders: 41


Gender: 90% Male | 10% Female


Founder’s Median Age: ~38 years old (28 youngest)


Founder’s Median Domain Experience: ~14 years (3 years lowest)


Previous Startup Founder: 46% Yes | 54% No


Startup Stats

Total Portfolio Startups: 20


Founders Per Startup: 1 Founder 30% | 2+ Founders 70%


Customer Focus: B2B 85% | B2C 15%


Tech Focus: 100% Software


Years in Operation at First Investment: 1–2yrs 20% | 3–5yrs 60% | 6+yrs 20%


Sector Focus: None — Diversified across many sectors (from accounting to aged care to travel)


Other Themes: Web, SaaS, Marketplaces



Funding Round Stats

Total Rounds: 25


Initial Investments: 20


Follow-ons: 5


Investments by Stage: 8% Seed | 56% Series A | 28% Series B | 4% Series C


EVP Preferences: Typically lead investor | Typically sole series A investor | Typically take

a board seat

Investments by Stage & Type - Equity Venture Partners (EVP)
Investments by Stage & Type - Equity Venture Partners (EVP)

 

Wrap-up

EVP is a solid mid-sized Aussie fund that is largely focused on B2B software businesses. Justin Lipman, EVP’s Investment Director is consistent in communicating that focus, which is refreshing (interview with Justin).


The EVP team also has extensive early-stage investment experience with impressive companies such as SiteMinder, Practifi, Practice Ignition, Outfit and Deputy in their portfolio.


Given the EVP team’s professional backgrounds in law, finance and consulting I guess they really like numbers and facts, so make sure you can stand behind anything you put in front of them.


If you are thinking about reaching out to EVP then as always, make sure you are familiar with their current portfolio, the team and where your business fits into the portfolio and fund’s focus (complementary or adjacent). Oh yeah and always look for a warm intro.


*Special thanks to Techboard for supplying deal data on EVP to help with this analysis.


 

Equity Venture Partners (EVP) — Analysis was originally published in Aussie Startup Funding on Medium, where people are continuing the conversation by highlighting and responding to this story.


 

Disclaimer: The information provided in this blog article is for informational purposes only and does not constitute legal, financial, tax or investment advice. This content is intended for companies and startups and is not directed towards investors. Readers are advised to consult with a qualified professional before making any business decisions. I make no representations as to the accuracy, completeness, or reliability of any information provided in this article. Readers use the information provided at their own risk.

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