VC
OIF Ventures
seed stage, healthcare services, internet, technology, growth funding
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OIF Ventures is a prominent Australian venture capital firm based in Double Bay, Sydney, dedicated to empowering exceptional early to growth-stage technology founders across Australia and New Zealand. Established in 2016, the firm has rapidly grown to manage over $500 million in assets, making it a significant player in the ANZ investment landscape.
At its core, OIF Ventures operates with a founder-centric philosophy, embodying what they call the 'three F's': Founders, Fund, and Fun. They partner with entrepreneurs who demonstrate strong leadership, deep domain expertise, and a clear vision for building high-growth, disruptive technology companies in large, competitive markets. The team, composed of experienced investors who are also founders and operators, provides hands-on support beyond mere capital. This includes mentorship, strategic planning, talent acquisition, customer introductions, and facilitating global expansion, particularly into the lucrative US market.
OIF Ventures differentiates itself through its deep operational and strategic expertise, derived from a team with extensive experience in founding, scaling, and exiting technology businesses. Its investment model is notably community-driven, being exclusively backed by successful founders, senior leaders, business-builders, and family offices. This unique investor base fosters a collaborative ecosystem where shared momentum amplifies the potential of portfolio companies.
Key achievements include nurturing Go1 to unicorn status and orchestrating successful exits such as Instaclustr (acquired for over $500 million by NetApp) and XM Cyber (acquired for $700 million). The firm has made over 112 investments, with its portfolio collectively generating over $1 billion in combined value. OIF Ventures operates across four funds: Fund I, Fund II, Fund III, and a dedicated Opportunity Fund I for later-stage Series B investments.
The leadership team comprises a robust group of Investment Team members and Investment Committee members, including co-founders like David Shein and Jerry Stesel, who bring decades of industry experience. Individuals like Geoff Levy AO, a seasoned expert in venture capital and investment banking, and Peter Lilley, a successful multi-exit founder, underscore the firm's deep bench of talent. This collective experience ensures that OIF Ventures remains a strategic, value-add partner, committed to helping founders achieve their entrepreneurial ambitions.
OIF Ventures at a glance
Investment thesis
OIF Ventures champions exceptional technology founders building high-growth, disruptive businesses in large markets with a clear competitive advantage and market tailwinds. They aim to add material value beyond capital through a hands-on partnership approach, supporting founders from inception to IPO and beyond.
Key partners
Believes the biggest disruptors are technologies that simplify user experience, enhanced by next-generation computing, applied AI, and nanotechnology. Focuses on making things happen for founders.
Looks for founders with vision, leadership qualities, willingness to share success, make tough decisions, and motivate teams. Emphasises integrity, grit, determination, and vision.
Seeks founders who are passionate and authentic about solving real pain points they have experienced. Believes in the multi-decade digital transformation across all sectors.
People make the difference; invests in relationships. Believes every aspect of life will be fundamentally changed by technology, excited by Australia's emergence as a technological powerhouse. Looks for founders with passion, grit, determination, focus, humility, integrity, and leadership, and the ability to attract talent and capital.
Passionate about supporting exceptional Australian founders. Excited about the combination of cloud, edge computing, and AI to propel innovation across sectors. Believes great leaders combine customer focus with long-term thinking.
Focuses on businesses with strong and sustainable demand that generate appropriate risk-adjusted returns. Looks for founders with alignment, self-awareness, openness to feedback, consideration for other perspectives, and integrity.
Portfolio companies
OIF Ventures online
Videos5
Kevin Wilson, OIF Ventures - feature on Startup Daily
Online learning platform Atomi gets $9 million from OIF Bank
Online learning platform Atomi gets $9 million from OIF Bank
Online learning platform Atomi gets $9 million from OIF Bank
Achieving Unicorn Status Ft David Shein(Partner at OIF Ventures)
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