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Rampersand

vc funding, startups, venture capital, investment, investment management

Melbourne, AustraliaEst. 201311rampersand.com
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Location
Melbourne, Australia
Founded
2013
Team size
11
Focus
Financial Services
Raised
$50M
People
4 listed

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About Rampersand

🎯 What They Do

Rampersand is a prominent venture capital firm headquartered in Melbourne, Australia, with an additional office in Sydney.

  • ●Established in 2013 by co-founders Paul Naphtali and Jim Cassidy, the firm has quickly become a key player in the Australian and New Zealand early-stage technology ecosystem.
  • ●Rampersand’s core mission is to identify and back founders with "abnormal potential"β€”those building innovative technology companies with global ambitions.
  • ●They differentiate themselves through a deeply hands-on, founder-friendly, and human-centric approach, aiming to be the first port of call for ambitious entrepreneurs.

πŸ“– Their Story

The firm employs a unique "What Do We Need To Believe" (WDWNTB) framework for its rigorous investment selection process, screening approximately 2,000 startups annually but typically investing in only about five. This high-conviction strategy ensures deep engagement and robust support for their portfolio companies, extending beyond capital provision to include strategic guidance, network access, mentorship, and assistance across areas like sales, product, and international expansion.

⚑ What Sets Them Apart

Rampersand focuses its investments on early-stage technology startups, typically at the Pre-Seed, Seed, and Series A stages, with cheque sizes generally ranging from A$250,000 to A$3 million. Their sector focus is broad but concentrated on disruptive technologies, including artificial intelligence, data, business-to-business software-as-a-service (B2B SaaS), marketplaces, climate technology, health technology, quantum computing, blockchain, and other frontier sectors.

πŸ† Track Record

Over its decade of operation, Rampersand has invested close to A$100 million across more than 30 companies, with its portfolio companies demonstrating an impressive track record.

  • ●Companies backed by Rampersand are reportedly twice as likely to raise follow-on capital compared to the industry standard.
  • ●The firm prides itself on delivering top-quartile performance for its investors, fostering enduring relationships built on trust, connection, and alignment.

πŸ‘₯ The Team

The leadership team includes co-founder and partner Paul Naphtali, who brings extensive experience from Silicon Valley and the UK in strategic communications for venture-backed startups. Other key partners, such as Taryn Pieterse and Andrew Poesaste, contribute diverse backgrounds in investment banking, venture capital, and technology building, further strengthening Rampersand’s capacity to support its founders from day one to global scale.

Rampersand at a glance

πŸ“…
Stage
Pre-Seed, Seed, Series A
🎯
Focus
$250K - $3.0M
⚑
Decision process
Rampersand employs a rigorous four-step investment process underpinned by its 'What Do We Need To Believe' (WDWNTB) framework. They screen approximately 2,000 startups annually, making high-conviction investments in around five. The process involves an initial meeting, deeper dives into the vision and team, a discussion and meeting with the Investment Committee, followed by documentation and execution.
🏦
Fund structure
Rampersand operates as an Early Stage Venture Capital Limited Partnership (ESVCLP) and structures its funds to maximise alignment of interests between investors, founders, and the firm itself.
πŸ”¬
Sector focus
AI, Data, B2B SaaS, Marketplaces, Climate, Health, Quantum, Frontier Technology, Logistics, Workforce Management, Augmented Reality, Fintech, Enterprise Applications, High Tech, Blockchain
πŸ’°
AUM
A$100m+
🧭

Investment thesis

Rampersand invests in early-stage technology startups across Australia and New Zealand, focusing on founders who demonstrate 'abnormal potential' and a clear vision to build category-defining, globally ambitious companies. They aim to be the first institutional investor, providing hands-on support beyond capital.

πŸ‘₯

Key partners

P
Paul Naphtali
Co-founder & Partner

Paul's mission is for Rampersand to be the first port of call for early-stage startup founders and to be the most engaging and high-returning fund for investors. He seeks 'abnormally ambitious entrepreneurs'.

J
Jim Cassidy
Co-founder & VC

His expertise lies in business strategy, leadership, and innovation, working with a range of tech companies from startups to enterprises.

T
Taryn Pieterse
Partner

She is particularly focused on B2B SaaS startups and founders tackling the future of work. She is passionate about increasing diversity in innovation and supporting women founders.

A
Andrew Poesaste
Partner

His mission is to help Australian and New Zealand teams become global leaders in their category. He has a deep love for open-source software and the Python programming language and excels at translating technical products.

R
Rod Hamilton
Venture Partner

Aims to empower founders and product leaders to navigate building and scaling, focusing on product and people challenges like achieving product-market fit and making key hires. He chairs the Rampersand Product Counsel.

H
Helen Souness
Venture Partner

Excels at working with founders one-on-one to navigate growth and scaling challenges, including executive hiring, culture building, brand, product innovation, and international expansion. She also hosts a YouTube channel 'Defying Gravity'.

🏒

Portfolio companies

πŸš€
JigSpace
3D presentations for teams with big ideas, leveraging augmented reality technology.
πŸ‘₯
Expert360
An elite talent, on-demand platform connecting businesses with skilled consultants and contractors.
🌱
Sendle
A courier aggregator providing carbon-neutral delivery services.
πŸ€–
Hatch
An AI-powered jobs marketplace focused on helping people find meaning in work, particularly for Gen Z.
πŸ€–
Goterra
Utilises insects to reduce food waste on-site for supermarkets and businesses, offering a sustainable waste management solution.
πŸ€–
Restoke
Provides real restaurant intelligence through an all-in-one management platform, aiming to revolutionise the hospitality industry.
πŸ€–
Cuttable
An AI-powered advertising agency making good ads easy and transforming the marketing industry.
πŸ’»
Cake Equity
An intuitive equity platform for fast-growing startups, simplifying cap table and equity management.
πŸ’³
Spaceship
Offers an app-based superannuation fund for individuals to invest in technological companies.

People at Rampersand (4)

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