Flying Fox Ventures

Flying Fox Ventures is a Melbourne-based early-stage venture capital firm, founded in 2021, backing Australian and New Zealand startups through a rolling fund that lets wholesale investors co-invest. It aims to be a company's first institutional investor, with check sizes reported at $250,000 to $600,000. It runs the Flying Fox Angel School, a learning program tailored to a company's teams that teaches how to become an investor or think like one. It also builds a community of early-stage investors supporting homegrown startups. It is sector-agnostic, with investments spanning B2B SaaS, health tech, legal tech, fintech, agriculture and consumer products. Portfolio companies include Butter Insurance, Josef, Mr Yum, Safewill, Goterra and Heaps Normal. Flying Fox looks for capital efficiency upfront and backs founders who break the rules, and has publicly championed unsexy businesses, female founders and women's sport. It is an early-stage specialist, growing alongside companies up to a point and doubling down on portfolio winners.