Partner · Founder, OIF Ventures
Stories naming Jerry Stesel. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Apate.ai, which floods scammers with AI bots that soak up their time, has raised a $2.5 million seed round — OIF Ventures leading, Investible taking part — to build product and expand overseas.
Melbourne developer-tools startup Factor House closed its first external round — $5 million, led by Blackbird, valuing it at $25 million — with OIF Ventures, Flying Fox Ventures, the Alice Anderson Fund and two angels joining.
Australian enterprise-software firm Clear Dynamics has added a long-serving industry analyst to its board to help drive its partner strategy; the piece also outlines its legacy-modernisation platform aieos.
OIF Ventures has locked in $55 million from investors for a new Opportunity Fund aimed at later-stage tech companies, and the article recalls its earlier backing of Advanced Navigation and Go1.
OIF Ventures has gathered $55 million toward a new Opportunity Fund with a $75 million goal, backed by several tech founders, and has put $4 million into Advanced Navigation's $108 million round.
Legal automation firm Josef banks $5.2 million in a round OIF Ventures led, with Carthona, Flying Fox, Jelix and Saniel participating, adding US and UK law firms as clients.
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OIF Ventures has closed its third fund at $140m, beating its original $100m target, with founder backers including Peter Lilley and Andrew Barnes; earlier trade sales underpin its strong returns.
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Rental-advance lender Futurerent has closed a $9 million Series A, with early backer OIF Ventures reinvesting alongside newcomers BridgeLane, Mulpha, iPartners, MFO Investments and Second Century Ventures.
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US software company NetApp is buying Canberra data platform Instaclustr in a deal reportedly exceeding $500 million, nine years after its founding, rewarding early backers including ANU Connect Ventures and Bailador.
OIF Ventures republishes an AFR report on NetApp buying Canberra data-technology firm Instaclustr for a reported $500 million-plus, covering founder paydays and the fund's returns, including a 20-times outcome on its early backing.
OIF republishes AFR coverage of adtech startup Linkby raising $5 million in a seed round the fund led, profiling founder Chris Wirasinha, his Pedestrian TV sale, and Linkby's publisher advertising model.
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OIF Ventures reports New York's Level Equity has bought a large stake in Eftsure, letting the Australian backer sell most of its holding, with the same investor recently in simPRO's huge round.
OIF has upsized its second fund's target to $100m from $75m, with $50m committed at an August 2020 first close and $30m more banked by February 2021; $20m deployed across twelve startups so far.