Co-founding Partner, Flying Fox Ventures · angel in 2 deals

Rachael Neumann

Roles

Role	Organisation	Sources
Chair (former)	StartupAus	SmartCompany, Women's Agenda
Co-founding Partner	Flying Fox Ventures	Skalata Ventures, LaunchVic, SmartCompany, Flying Fox Ventures team page
Founder	Flying Fox Ventures	Startup Daily (Tue 6 Feb 2024), LaunchVic, SmartCompany (Tue 31 Aug 2021), SmartCompany (Fri 25 Jun 2021), SmartCompany (Tue 22 Jun 2021), Women's Agenda, Startup Daily (Mon 21 Jun 2021), Flying Fox Ventures team page
Founder	Working Theory Angels	SmartCompany, Women's Agenda
Head of Startups for Australia and New Zealand (former)	AWS	SmartCompany, Women's Agenda, Blackbird Ventures portfolio
Managing Director (former)	Eventbrite	SmartCompany, Women's Agenda
Managing Partner (former)	Eleanor Ventures	Startup Daily (Mon 21 Jun 2021), Startup Daily (Thu 28 Jan 2021), Australian FinTech

Disclosed deals

Every published round Rachael Neumann 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
Adatree	Seed	28 Jan 2021	$1.2m	Participant	Peter Haig Kerry Roxburgh Equity Seed Kylie Frazer Angus McBean Eleanor Ventures	Startup Daily (Tue 6 Feb 2024), Australian FinTech (Wed 28 Sep 2022), SmartCompany, Cut Through Venture, Startup Daily (Tue 2 Mar 2021), Startup Daily (Thu 28 Jan 2021), Australian FinTech (Wed 27 Jan 2021)
Multitudes	Seed	10 Dec 2020	$2.2m	Participant	Ellen Pao Jon Williams Working Theory Angels Blackbird Ventures	Startup Daily, Blackbird Ventures portfolio (Wed 9 Dec 2020), Blackbird Ventures portfolio (Fri 4 Dec 2020), Blackbird Ventures portfolio

Portfolio

Companies Rachael Neumann has backed in a published round, and companies whose existing shares it bought off another holder.

Company	What it does	First invested	Rounds	Led
Adatree		28 Jan 2021, Seed	1	0
Multitudes		10 Dec 2020, Seed	1	0

Funds

Fund closes reported for Rachael Neumann, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Rachael Neumann yet.

Portfolio companies acquired

Companies Rachael Neumann has backed that another company then bought. An exit for the holding, not a deal Rachael Neumann did.

Company	Bought by	Kind	Announced	Price
Adatree	Fat Zebra	Acquisition	5 Feb 2024	-

Coverage

Stories naming Rachael Neumann. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

3 deals

Skalata named Australia's most active investor for H1 2024

Australian startup capital climbed 30% in early 2024 even as deal counts fell; Skalata Ventures topped investor activity with 13 participations, ahead of Blackbird and Investible.

Also TechCrunch Venture·Forbes Australia·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Australian FinTech·Forbes Australia·Forbes Australia

Seed $1.2m

Open banking startup Adatree acquired by payments fintech Fat Zebra

Payments firm Fat Zebra has acquired open-banking platform Adatree, price undisclosed, with all staff moving across; the piece also recalls Adatree's 2021 seed round and the sector's slow consumer-data-right progress.

Startup Daily Tue 6 Feb 2024 Adatree Basiq Cuscal Fat Zebra Flying Fox Ventures TrueLayer Tyro Payments Volt Bank Equity Seed Angus McBean Kerry Roxburgh Kylie Frazer Peter Haig Rachael Neumann Jill Berry Shane Doolan

Also Fintech News Australia·Australian FinTech·Fintech News Australia·Fintech News Australia

5 deals

Flying Fox, Jump Start receive $600,000 in VIC government funding to boost women-led startups

SmartCompany Mon 31 Jul 2023 Flying Fox Ventures Jumpstart Studio Kali Healthcare LaunchVic Verve HEX Milkdrop Mtime Smileyscope Steppen TalkiPlay Alice Anderson Fund Victorian Government Ben Carroll Dr Dr Kate Cornick Rachael Neumann Rebecca Rozencwajg

News

LaunchVic commits $600,000 funding to support women in startups

Victoria's startup agency is giving Flying Fox Ventures and Jumpstart Studio $300,000 each to run pre-accelerator programs for women founders, alongside continued backing of the Alice Anderson Fund.

LaunchVic Sun 30 Jul 2023 Alice Anderson Fund ANZ Flying Fox Ventures Jumpstart Studio Victorian Government LaunchVic Dr Dr Kate Cornick Rachael Neumann Sangeeta Mulchandani

Unnamed stage $3.6m

Dispute resolution platform Immediation raises $3.6M AUD to expand in the US

Melbourne dispute-resolution software maker Immediation raised AUD 3.6 million from Thorney Investment Group and Alex Waislitz to grow in the US and Europe, and named a new chair plus board and advisory appointments.

TechCrunch Venture Sun 17 Oct 2021 Immediation Afterpay Rampersand Thorney Group Victorian Civil and Administrative Tribunal Alex Waislitz Christine Christian Elena Rubin Jim Cassidy Laura Keily Rachael Neumann

Also Startup Daily·Cut Through Venture·Startup Daily

Seed $1.7m

Kiwi startup Komodo raises $1.7 million to improve mental wellbeing in schools

Christchurch student wellbeing software firm Komodo has raised NZ$1.8 million in seed capital led by Folklore Ventures, with Flying Fox, Icehouse Ventures and two Culture Amp staff also taking part, to fund hiring and product development.

SmartCompany Tue 31 Aug 2021 Komodo CultureAmp Startmate Flying Fox Ventures Folklore Ventures Icehouse Ventures Chloe Hamman Rod Hamilton Chris Bacon Jack Wood Kylie Frazer Rachael Neumann

8 deals

The startup funding round: Electric motorbikes, quizzes before TikTok and Aussie wins in Silicon Valley

Seed $1.2m

Adatree closes oversubscribed Seed Funding Round

Open banking platform Adatree has closed a $1.2 million seed round, nearly three times oversubscribed, with investors including Tyro figures, Equity Seed, Eleanor Ventures' founders and Angus McBean joining its share register.

Australian FinTech Wed 27 Jan 2021 Adatree Eclipx Eleanor Ventures Ramsay Health Care Tyro Payments Volt Bank Equity Seed Angus McBean Kerry Roxburgh Kylie Frazer Peter Haig Rachael Neumann Jill Berry Mark Hutchins Shane Doolan

Also Startup Daily·Cut Through Venture·Startup Daily·SmartCompany·Startup Daily·Australian FinTech

Something wrong? Tell us