OneVentures
OneVentures is an Australian later-stage venture capital firm managing over A$1B across seven funds, investing growth equity, venture credit and healthcare capital into scaling technology and biotech companies in Australia and New Zealand with hands-on operational support.
- Company typePrivate
- Founded2010
- HeadquartersSydney, Australia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What OneVentures does
OneVentures is a Sydney-headquartered, Australian venture capital firm founded in 2010 that manages over A$1B in Funds Under Management across seven funds organised around three investment pillars: Growth Equity (Series A+ venture equity for transformative technology companies, particularly B2B SaaS), Growth Credit (A$1–20M covenant-light venture debt facilities to scaling tech companies generating >A$3–5M recurring revenue), and Healthcare (venture equity for clinical-stage healthcare and biotech companies with first/best-in-class products addressing large unmet needs). A state-focused Victorian Growth Fund overlays the Growth Equity and Credit mandates for the Victorian market. The firm invests directly through its own application and referral pipeline, with no intermediaries, and sources capital from wholesale and institutional investors via a Dynamo investor portal and direct outreach.
The firm's core differentiator is its hands-on operating model: OneVentures embeds operating partners, former operators and C-suite executives (former CEOs of Vodafone Hutchison Australia, 3 Mobile and Fairfax Digital; senior executives from eBay Australia, KPMG, McKinsey, Bristol-Myers Squibb and Sandoz/Novartis) into portfolio companies alongside capital, and senior partners chair or sit on portfolio boards. Notable portfolio outcomes include Employment Hero (reached a A$2B valuation; 13x return to OneVentures), Phocas Software (acquired by Accel-KKR for over A$500M, ~7x return / ~A$120M to investors), Eucalyptus (sold to a New York-listed healthcare giant for A$1.6B), Vaxxas (needle-free HD-MAP vaccine patch technology partnered with the Gates Foundation, WHO and BARDA), BiVACOR (first-in-human Total Artificial Heart implantation; A$100M 2025 raise), Buildkite, Fleet Space Technologies, and Lumary. The firm also developed an ESG_VC framework with the Australian Investment Council to standardise ESG measurement across its portfolio.
Commercially, OneVentures generates revenue through three streams: recurring management fees on committed or invested capital across its seven funds, recurring interest income from Growth Credit amortising loans, and lumpy carried interest from successful portfolio exits. Distribution is concentrated in Australia and New Zealand with portfolio companies scaling globally across the US, UK and Southeast Asia. The firm maintains offices in Sydney (HQ) and Melbourne, employs an estimated 40–60 staff across investment, operations and finance functions, and has been recognised on The Australian's Top 100 Innovators list (2024, 2025) and as an Australian Investment Council Investing for Growth award winner in 2024 and 2025.
OneVentures firmographics
Firmographics- Name
- OneVentures
- Legal name
- OneVentures Pty Ltd
- Website
- https://one-ventures.com.au
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- OneVentures is an Australian later-stage venture capital firm managing over A$1B across seven funds, investing growth equity, venture credit and healthcare capital into scaling technology and biotech companies in Australia and New Zealand with hands-on operational support.
- Ownership category
- akta.pro rank
OneVentures industry classification
Industry- Product category
- Venture Capital and Growth Equity
- NAICS
- Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
- akta.pro secondary industries
- Venture Debt Providers (FSANAAAL), Direct Lending — Venture Debt (FSAHAJAD)
Keywords
Where OneVentures is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
OneVentures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Management Fees: VC firms typically charge annual management fees on funds under management (FUM), calculated as a percentage of committed capital or invested value, providing recurring revenue stream.
- Carried Interest (Performance Fees): OneVentures generates carried interest from successful exits of portfolio companies, with notable returns including 13x on Employment Hero and 7x on Phocas. The firm has delivered over $1B in returns to investors, indicating substantial carried interest generation.
- Growth Credit Interest Income: Growth Credit Fund provides debt facilities of $1-$20M to portfolio companies, generating interest income on amortising loans over 3-4 years. The fund is covenant light with minimal dilution via warrants, providing a recurring interest revenue stream.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | Growth Credit facilities ranging from $1M to $20M |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
OneVentures product offering
Product offeringCore offering
OneVentures is a later-stage venture capital firm providing growth equity, venture credit, and healthcare venture equity financing to scaling technology and clinical-stage healthcare companies in Australia and New Zealand. The firm manages over $1B across seven funds and partners hands-on with portfolio companies, providing capital alongside operational, strategic, and international expansion expertise.
Product overview
OneVentures is a later-stage venture capital firm offering multiple investment fund products: Growth Equity (for Series A+ technology companies), Growth Credit (debt financing for scaling tech companies with facilities of $1-20M), Healthcare Fund (equity for clinical-stage healthcare/biotech companies), and the Victorian Growth Fund (regional focus). The firm manages over $1B in FUM across seven funds and provides hands-on operational and strategic support to portfolio companies rather than passive investment.
Differentiator
Problem solved
Functional benefit
Products and services
- Growth Equity Fund Venture equity financing for transformative technology companies at Series A+ stage, focusing on B2B SaaS and technology companies ready to scale, including AI, workplace digitisation, blockchain, digital twins, autonomous systems, cleantech, and education technology. Provides hands-on operational and international expansion support alongside capital.
- Growth Credit Fund Debt financing for scaling technology companies, providing flexible venture credit facilities of $1-20M to support growth capital with limited dilution, extending runway to next funding round, or funding acquisitions. Facilities are amortising loans over 3-4 years with interest-only options, covenant-light, no Director Guarantees, and minimal dilution via warrants (typically <0.5% of cap table).
- Healthcare Fund Venture equity financing for advancing healthcare and biotech companies developing transformative technology with global reach and impact, targeting first or best-in-class products addressing large unmet medical needs. Targets clinical-stage or near-clinical companies with clear regulatory and reimbursement paths.
- Victorian Growth Fund (VGF) A state-focused fund investing in Victoria's most promising scale-up companies, part of OneVentures' Growth Equity and Credit strategy. Led by Principal Justine Carzino.
- Growth Fund VII Seventh OneVentures fund, raising $200 million to fill the gap left by corporate venture capital funds and to continue growth equity investments in transformative technology companies.
Quantifiable outcome
- Over $1B in returns delivered to investors
- +4 more outcomes
Companies that use OneVentures
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles4 records
OneVentures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
OneVentures partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor, flagship and core.
- Fishburners / The Ascent ProjectminorOneVentures partnered with Fishburners' The Ascent Project, a free year-round program supporting women founders in accessing capital through education and network connections. The initiative, built on two pillars of funding education and investor access, has partnered with over 30 organizations including venture funds Airtree, Tractor Ventures, OneVentures, Tidal, Touch Ventures, Side Stage, Techstars, and Birchal. The program will be available to women founders nationwide from early 2026 at no cost.
- Bill & Melinda Gates FoundationflagshipThe Bill & Melinda Gates Foundation has partnered with Vaxxas (a OneVentures portfolio company) to support the development of needle-free vaccine delivery technology with global health impact, particularly for developing world populations.
- World Health Organisation (WHO)coreWHO has partnered with Vaxxas (a OneVentures portfolio company) on the development and deployment of needle-free vaccine delivery technology to improve global vaccination accessibility.
- US Department of Health Biomedical Advanced Research and Development Authority (BARDA)coreBARDA has partnered with Vaxxas (a OneVentures portfolio company) to support the advancement of needle-free vaccine patch technology for pandemic preparedness and public health applications.
Scale indicators9 records
Recent moves9 records
Expansion highlights6 records
OneVentures competitors and assessment
Company assessmentRegional players
- Carthona Capital: Australian early-to-growth-stage venture capital firm investing in ANZ tech companies. Comparable on ANZ focus and stage mandate, though typically smaller ticket sizes than OneVentures' Growth Equity and Credit funds.
- Folklore Ventures: ANZ-based early-to-growth-stage VC firm investing in B2B SaaS, fintech, and digital platforms. Comparable on ANZ focus and tech mandate; overlaps with OneVentures on Series A+ B2B SaaS investing.
- Equity Venture Partners (EVP): Australian growth-equity investor focused on later-stage technology and tech-enabled businesses. Comparable on ANZ base and growth-stage mandate, though broader sector mandate including non-tech-enabled businesses.
Direct peers
- AirTree Ventures: One of Australia's largest venture capital firms, investing across seed to growth in Australian and NZ tech companies. Directly comparable to OneVentures on geography, stage focus (Series A+), sector breadth (B2B SaaS, fintech, healthcare), and active later-stage investing.
- Square Peg Capital: Australia- and Israel-focused growth-stage venture capital firm with multiple funds and over A$1B in AUM. Directly comparable to OneVentures on growth-stage mandate, ANZ base, multi-fund platform, and Series A+ B2B/fintech/SaaS focus.
- Blackbird Ventures: Leading Australian VC firm investing from pre-seed through Series B in ANZ startups. Comparable on ANZ focus, sector breadth (B2B SaaS, deep tech), and stage coverage, though Blackbird skews earlier than OneVentures' growth focus.
- Bailador Technology Investments: ASX-listed technology investment company focused on later-stage, expansion-stage Australian and NZ tech companies. Direct comparable on ANZ focus, later-stage ticket sizes, and recurring revenue SaaS/tech thesis — and notably a prior employer of OneVentures' Partner Bevin Shields.
- Main Sequence Ventures: Australian deep tech and science-backed venture firm, manager of the CSIRO Innovation Fund. Comparable on ANZ base and dedicated deep tech/biotech thesis, partially overlapping with OneVentures' Healthcare Fund.
Others
- Accel-KKR: Global technology-focused private equity and growth equity firm that acquired OneVentures' portfolio company Phocas Software for ~$500M. Comparable as a co-investor and acquirer of growth-stage tech companies and indirect participant in OneVentures' exit ecosystem.
- Insight Partners: Global growth-stage venture capital firm that co-invested with OneVentures in Employment Hero. Comparable as a co-investor in OneVentures' portfolio and a benchmark for global Series A+ growth equity scale, though materially larger in AUM and global reach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
OneVentures social profiles
Digital presenceOneVentures financial estimates
Financial estimateRevenue estimate
Valuation estimate
OneVentures leadership team
Management profileNumber of profiles
Profiles12 records
OneVentures subsidiaries and ownership
Company hierarchySubsidiaries1 record
OneVentures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OneVentures M&A and investment
M&A and investmentM&A
Investments78 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OneVentures
What does OneVentures do?
OneVentures is a later-stage venture capital firm providing growth equity, venture credit, and healthcare venture equity financing to scaling technology and clinical-stage healthcare companies in Australia and New Zealand. The firm manages over $1B across seven funds and partners hands-on with portfolio companies, providing capital alongside operational, strategic, and international expansion expertise.
Is OneVentures a public or private company?
OneVentures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was OneVentures founded?
OneVentures was founded in 2010. It employs 11 to 50 people.
Where is OneVentures based?
OneVentures is headquartered in Sydney, Australia, in the Oceania region.
How does OneVentures make money?
Three revenue lines are on record. Management Fees are the primary driver. The others are carried Interest (Performance Fees) and growth Credit Interest Income.
Who are OneVentures's main competitors?
Regional players on record are Carthona Capital, Folklore Ventures and Equity Venture Partners (EVP). Direct peers are AirTree Ventures, Square Peg Capital, Blackbird Ventures, Bailador Technology Investments and Main Sequence Ventures. Others are Accel-KKR and Insight Partners.
Does OneVentures have an API?
No public API is recorded for OneVentures.
What industry is OneVentures in?
OneVentures's product category is Venture Capital and Growth Equity. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B), with a secondary code of FSANAAAL, Venture Debt Providers. Its NAICS code is 52394 and its SIC code is 6282.