Digital Alchemy Acquires AFDigital, Starts Xenai Digital
Digital Alchemy, led by Regan Yan, has bought Salesforce consultancy AFDigital, which rebrands as Xenai Digital under CEO Pauline Pangan, keeping independent Australian operations.
Venture capital fund · 1 deal
Investment firm backing fast-growth tech companies
Sydney, NSW
Every published round Future Now Ventures 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 |
|---|---|---|---|---|---|---|
| Jesi | Series A | 10 Nov 2020 | $4.5m | Participant | SmartCompany, Future Now Ventures portfolio, Future Now Ventures portfolio |
Companies Future Now Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Jesi | 10 Nov 2020, Series A | 1 | 0 |
Companies Future Now Ventures's own portfolio page lists that no published round yet places it in. The page is the source; the round is being looked for.
| Company | Site |
|---|---|
| Advvy | - |
| advvy.png | advvy.com ↗ |
| AF Digital | - |
| afdigital.png | afdigital.com ↗ |
| Ambidextr Logo on FN.jpg | ambidextr.media ↗ |
| AutoDeal | - |
| autodeal.png | autodeal.com.ph ↗ |
| Barhead | - |
| barhead.png | barhead.com ↗ |
| BillingPlatform.com | - |
| billingplatform.png | billingplatform.com ↗ |
| Booky | - |
| booky.png | ph.phonebooky.com ↗ |
| CloudSwyft | - |
| cloudswyft.png | cloudswyft.com ↗ |
| Collaboro | - |
| Collaboro.png | collaboro.com ↗ |
| FlySpaces | - |
| flyspaces.png | flyspaces.com ↗ |
| hammerjack | - |
| hammerjack.png | hammerjack.com.au ↗ |
| Haventec | haventec.com ↗ |
| Jaaims | - |
| jesi.png | jesi.io ↗ |
| Kalibrr | - |
| kalibrr.png | kalibrr.com ↗ |
| My-Checkpoints | - |
| my-checkpoints.png | my-checkpoints.com ↗ |
| NowInfinity | - |
| nowinfinity.png | nowinfinity.com.au ↗ |
| Recruitday.com | - |
| recruitday.png | recruitday.com ↗ |
| Reekoh | - |
| reekoh.png | reekoh.com ↗ |
| Salarium | - |
| salarium.png | salarium.com ↗ |
| Shirtly | - |
| shirtly.png | shirt.ly ↗ |
| Simple | - |
| simple.png | simple.io ↗ |
| Smarter Drafter | - |
| smarter drafter.png | smarterdrafter.com.au ↗ |
Fund closes reported for Future Now Ventures, as distinct from the investments it has made.
Companies Future Now Ventures has backed that another company then bought. An exit for the holding, not a deal Future Now Ventures did.
| Name | Role | Sources |
|---|---|---|
| John Orrock | Executive Chairman | ARN (ARNnet), Future Now Ventures portfolio, Future Now Ventures team page |
| Chris Lee | Managing Director | ARN (ARNnet), Future Now Ventures portfolio, Future Now Ventures team page |
Stories naming Future Now Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Digital Alchemy, led by Regan Yan, has bought Salesforce consultancy AFDigital, which rebrands as Xenai Digital under CEO Pauline Pangan, keeping independent Australian operations.
Autodesk has finalised its buyout of Reekoh, a Future Now Ventures holding, wrapping up a deal signed in September; terms stay undisclosed, though press speculation values it near AUD 31.5 million.
Future Now Ventures announces that marketing technology firms Automaton and Simple have merged into a combined business operating under the Simple name, with Automaton founder Darin Lloyd welcoming the deal.
Analysis of the investors behind SOSV's Climate Tech 100, mapping more than 500 backers across venture firms, corporates, angels, celebrities, governments, sovereign funds, family offices and foundations.
Future Now Ventures reports making its first investment in remote worker management startup JESI, while the fund approaches a final close toward the top of its stated target range.
Also SmartCompany
Analysis of why private equity firms are aggressively acquiring IT and channel companies, citing recent deals by Thoma Bravo, EQT and BGH Capital, plus an Australian fund targeting Microsoft software vendors.
Future Now Ventures has launched a debut fund seeking $100 million from outside investors to back Microsoft ecosystem firms, offering support services; its existing portfolio companies are listed.
Future Now Ventures announces a partnership with Microsoft Australia and a fund, open to outside investors, backing software vendors built on Microsoft cloud platforms.
Also ARN (ARNnet)
Profile of RecruitDay, a Manila-based recruitment platform combining social communication with referrals and human scouts, noted as backed by Future Now Ventures.
Flexible workspace marketplace FlySpaces has acquired Hong Kong competitor Quickspaces, its second acquisition after buying Malaysia's 8Spaces in 2016, with Quickspaces' founders and team joining FlySpaces' Hong Kong operations.