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Scale Investors

The world of venture funding is in for Supernova Scale Revolution Founders ...are finally in capable, competent hands

Melbourne, AustraliaEst. 201334scaleinvestors.com.au
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Location
Melbourne, Australia
Founded
2013
Team size
34
Focus
Venture Capital & Private Equity
Revenue
$5.0M
Reviews
1 verified
People
1 listed
5.0
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from 1 verified founder
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What Founders Think of Scale Investors (1)

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re: Roo + Chelsea
Liesl Haris, Cofounder & CEO @ Gap Drone - Met them

The world of venture funding is in for **Supernova Scale Revolution Founders** ...are finally in capable, competent hands

About Scale Investors

Scale Investors, a venture capital firm based in Melbourne, Australia, is dedicated to bridging the entrepreneurial investment gender-gap by investing in high-growth, early-stage, women-led technology companies. Founded by a group of visionary women in 2013, it holds the distinction of being Australia's first and only network of angel investors focused on female founders. The firm operates with a dual mission: to generate strong financial returns for its sophisticated high-net-worth investors and to create positive social impact by empowering diverse founding teams. Scale Investors actively challenges the prevailing venture capital landscape, which historically has seen only a small percentage of funding allocated to all-female teams, despite evidence suggesting that female-led and co-led businesses often generate higher revenues and returns.

What sets Scale Investors apart is its unwavering commitment to gender-lens investing. Their mandate stipulates that all investee companies must have at least one woman or gender non-conforming co-founder who possesses equal equity and C-suite decision-making power. This inclusive approach extends to mixed-gender teams, ensuring that the unique insights and "lived experience" of women as innovators are leveraged for broader benefit. Scale Investors is recognised as the only fully female-owned fund in Australia specifically investing in women-led startups. The firm's ethos is encapsulated in its ambitious vision that "The world of venture funding is in for Supernova Scale Revolution Founders ...are finally in capable, competent hands," reflecting a belief in the transformative potential of their investment model.

Since its inception, Scale Investors has made significant contributions to the Australian startup ecosystem, having invested more than $12 million in private capital into women-led businesses by March 2021. A 2022 study by Deloitte indicated that Scale Investors contributed over a billion dollars of economic impact and nearly 5,000 jobs to the economy over a ten-year period. The firm further solidified its position in November 2025 with the announcement of its Scale Venture Fund 1, which is targeting a $100 million close and has already secured $75 million in commitments from cornerstone investors, including Breakthrough Victoria. Additionally, in December 2021, in partnership with Artesian, The Female Leaders VC Fund was launched, targeting $100 million for Series A and B women-led and co-led startups across the Asia Pacific.

The leadership team at Scale Investors comprises seasoned professionals dedicated to their mission. Samar Mcheileh serves as Managing Partner, bringing over 15 years of experience in investment management and financial services, where she pioneers a new era of venture capital in Australia. Roo Harris is a General Partner, recognised as a leader at the intersection of venture capital and diversity, actively advocating for neurodivergent and disability communities. Chelsea Newell, also a General Partner, specialises in founder-investor relationships and deal origination, playing a crucial role in formalising the firm's due diligence processes. Catherine Robson holds the position of Chair of Scale Investors and hosts the "Connect to Capital" podcast, further extending the firm's reach and influence within the investment community.

Scale Investors at a glance

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Stage
Early-stage (Pre-Seed and Seed rounds) with follow-on funding at Series A rounds. The Female Leaders VC Fund also focuses on Series A and B.
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Focus
$100K - $1.5M
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Decision process
Their investment process involves several stages: Deal Screening, which includes a preliminary review and 1:1 meetings for submissions meeting base metrics. This is followed by a two-stage Due Diligence process, a deep assessment covering operations, technology, financials, and customer/supplier interviews. Key criteria include competitive advantage, proprietary technology, defensible intellectual property, sustainable revenue streams, efficient cost structures, compelling go-to-market strategies, early traction metrics, sound financial projections, and potential for a 10x or more return with aligned deal terms. They also track gender metrics from pitch submission through to company scale-up.
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Fund structure
Scale Venture Fund 1 is a pooled investment vehicle managed by Scale Investors, primarily investing in early-stage companies with up to 20% of investments outside Australia. They also operate an angel syndicate for specific opportunities. Additionally, they are involved with The Female Leaders VC Fund, an institutional fund focused on Series A and B women-led and co-led startups across Asia Pacific, launched in partnership with Artesian.
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Sector focus
Scale Venture Fund 1 is sector-agnostic but has special focus areas including Care, Climate Tech, and Consumer Tech. They also have a strong interest in AI-driven startups where AI is the core engine of innovation, leveraging the 'lived experience' advantage and unique insights of women as innovators.
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AUM
Scale Venture Fund 1: $75M committed (targeting $100M); The Female Leaders VC Fund (in partnership with Artesian): $45M committed (targeting $100M)
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Investment thesis

Scale Investors' core mission is to generate both strong financial returns and positive social impact by investing in high-growth tech, early-stage, women-led companies. Their investment mandate requires at least one woman or gender non-conforming co-founder with equal equity and C-suite decision-making power. They believe that investors are overlooking significant opportunities by underfunding women-led startups, which statistically outperform.

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Key partners

S
Samar Mcheileh
Managing Partner

The world's most innovative companies will be built by women. Backing diverse founders is the smartest investment strategy.

R
Roo Harris
General Partner
C
Chelsea Newell
General Partner
C
Catherine Robson
Chair
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Portfolio companies

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Baymatob
AI-guided solutions for mothers & babies.
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Beamible
AI powered workforce efficiency.
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Clean Slate
Virtual home detox specialists.
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TalkiPlay
Play-based speech therapy.
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Zondii
Smartphone food and fibre verification.

People at Scale Investors (1)

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