Venture capital fund · 4 deals
Every published round 20VC took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Sphere | Series A | 19 Nov 2025 | $20m | Participant | Folklore Ventures | |
| EQL | Unnamed stage | 12 Apr 2022 | $25m | Participant | SmartCompany (Wed 28 Jun 2023), Techboard, Startup Daily (Thu 14 Apr 2022), SmartCompany (Tue 12 Apr 2022), Startup Daily (Tue 12 Apr 2022), AirTree Ventures portfolio | |
| CryptoTaxCalculator | Seed | 7 Mar 2022 | $4m | Participant | Startup Daily, TechCrunch Australia | |
| FrankieOne | Series A | 18 Oct 2021 | $20m | Participant | Startup Daily (Tue 29 Nov 2022), Cut Through Venture, Startup Daily (Mon 18 Oct 2021), SmartCompany, Australian FinTech, Tidal Ventures, Startup Daily (Tue 12 Oct 2021), TechCrunch Australia |
Companies 20VC has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| CryptoTaxCalculator | 7 Mar 2022, Seed | 1 | 0 | |
| EQL | 12 Apr 2022 | 1 | 0 | |
| FrankieOne | 18 Oct 2021, Series A | 1 | 0 | |
| Sphere | 19 Nov 2025, Series A | 1 | 0 |
Fund closes reported for 20VC, as distinct from the investments it has made.
Companies 20VC has backed that another company then bought. An exit for the holding, not a deal 20VC did.
| Name | Role | Sources |
|---|---|---|
| Harry Stebbings | Founder | Startup Daily, TechCrunch Australia |
Stories naming 20VC. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Folklore Ventures says its investee Sphere has secured US$20 million in a Series A led by Andreessen Horowitz, with Y Combinator, Felicis and 20VC also in; Folklore backed Sphere at pre-seed.
Canva co-founder Cliff Obrecht says a public float looks more attractive now, arguing its fresh venture-capital valuation undervalues the company; AI product launches and possible price rises were also flagged.
Melbourne startup EQL raised A$25 million led by Insight Partners and AirTree Ventures, with angels and family offices participating, to grow sales teams and improve its product-launch platform.
Sydney crypto tax software startup CryptoTaxCalculator announced a seed round of A$4 million led by AirTree, with Coinbase Ventures and 20VC participating, to expand its decentralised exchange tax reporting tool into the United States.
Also Startup Daily
Weekly roundup of ten Australian startup raises totalling $88.18 million, spanning energy traceability, agtech, digital health and packaging, from Enosi's $1.48 million to Packform's $25 million.
Also Cut Through Venture·Startup Daily·SmartCompany·rnz.co.nz·insolvencyinsider-au.com
Tidal Ventures' investment note explains why it backed FrankieOne from its 2019 seed and joined the KYC/AML platform's newly announced A$20 million Series A, co-led by Greycroft and Airtree Ventures.
Also TechCrunch Venture·Startup Daily·Australian FinTech·Cut Through Venture·SmartCompany·Startup Daily·Startup Daily