Sprint Ventures

What Sprint Ventures does

Sprint Ventures is an Australian early and growth-stage venture capital firm founded in 2019 and headquartered in Brisbane, with additional presence in Sydney and Melbourne. Operating under The Sprint Group (corporate authorised representatives of Bentleys (QLD) Advisory Pty Ltd), Sprint invests financial, human, social and intellectual capital into Australian technology founders at Pre-seed through Series A stages, with two disclosed vehicles — the Sovereign Seed Fund and the Expansion Capital Fund — and a curated portfolio of approximately 17–18 companies. Its investment thesis is concentrated across three verticals: HealthTech and Aged Care, ClimateTech and Infrastructure, and AI and Automation.

Sprint's core "product" is its investor-founder engagement model rather than a technology platform. The firm differentiates through structured founder support including a free 3-month onsite Entrepreneur in Residence program, Sprint Office Hours open to non-portfolio founders, accelerator participation (notably Bentleys' CareFactor Aged Care Tech Accelerator), and deep sector mentoring via a team that includes serial entrepreneurs and ex-bankers from Deloitte, GE, RBS, Westpac and Nomura. Portfolio companies span payments infrastructure (Paypa Plane, Submarine), AI-powered infrastructure inspection and crop analysis (Vapar, Bitwise Agronomy), dementia therapy (Music Health/Vera), aged-care communications (Hayylo), carbon management (Avarni), EdTech (Clipboard), renewable retail energy (Radian Energy) and business finance streaming (ausbiz).

Sprint generates revenue through traditional VC fund economics — management fees on funds under management plus carried interest on exits — with distribution restricted to wholesale investors under Section 761G/761GA of the Corporations Act 2001 (Cth). The firm is privately held with no parent company, no public listing, and an undisclosed AUM; its most significant institutional capital event to date is the June 2024 binding term sheet from the QIC-managed Queensland Venture Capital Development Fund into the Expansion Capital Fund.

Name

Sprint Ventures

Legal name

Sprint Ventures Pty Ltd

Website

https://sprint.vc

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Sprint Ventures is a Brisbane-based Australian venture capital firm founded in 2019 that invests Pre-seed through Series A capital in technology startups across HealthTech and Aged Care, ClimateTech and Infrastructure, and AI and Automation, serving wholesale LPs and founder teams via its Sovereign Seed Fund and Expansion Capital Fund.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Other Investment Pools and Funds (5259), Other Financial Vehicles (525990)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

Keywords

• Venture capital investment
• Early-stage technology funding
• Growth-stage equity capital
• Founder mentorship programs
• Healthtech climatech investing

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Management fees and carried interest (VC fund economics): As a venture capital firm, Sprint generates revenue through management fees charged on funds under management and carried interest (performance fees) on investment returns above the hurdle rate. The Sprint Group disclaimer notes it operates as a Corporate Authorised Representative (CAR 1316599) of Bentleys (QLD) Advisory Pty Ltd, providing financial services to wholesale investors. The firm manages multiple funds including the Sovereign Seed Fund and the Expansion Capital Fund.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Sprint Ventures is an Australian venture capital firm that invests financial capital in early and growth-stage technology companies across the Sovereign Seed Fund and Expansion Capital Fund. The firm supports portfolio founders with human, social, and intellectual capital, an onsite Entrepreneur in Residence program of up to three months, and Sprint Office Hours sessions. Investment is concentrated in three sectors: HealthTech and Aged Care, ClimateTech and Infrastructure, and AI and Automation.

Product overview

Sprint Ventures is an Australian early and growth-stage venture capital firm that does not itself manufacture or sell a product — its core offering is investment capital and founder support services. Its portfolio comprises 18 investee companies spanning sectors including fintech/payments (Paypa Plane, Submarine, YouPay), AI/automation (Vapar, XBert, Bitwise Agronomy), climate tech (Radian Energy, Leakster, Avarni), health and aged care (Music Health/Vera, Greenlake Medical, Hayylo, Umps Health, MediStays), media/streaming (ausbiz), and EdTech (Clipboard, GoFIGR). Sprint also provides ancillary services to founders including office hours mentoring, an Entrepreneur in Residence program, and access to its investment committee and ecosystem networks.

Differentiator

Problem solved

Functional benefit

Products and services

• Sprint Ventures (Sovereign Seed Fund and Expansion Capital Fund) Early and growth-stage venture capital investment fund interests offered exclusively to wholesale investors per Section 761G/761GA of the Corporations Act 2001 (Cth). The Sovereign Seed Fund invests at Pre-seed to Seed stages and the Expansion Capital Fund targets late Seed and Series A follow-on rounds across HealthTech, Aged Care, ClimateTech, and AI/Automation sectors.
• Sprint Office Hours 30-minute 1:1 sessions pairing Australian tech startup founders with Sprint's investment and leadership team. Available to founders at Pre-seed, Seed, and pre-Series B stages as a community touchpoint and deal-sourcing mechanism. Sessions can be conducted virtually or onsite at Sprint HQ in Brisbane.
• Entrepreneur in Residence (EiR) Program Placement of a Sprint team member onsite in a portfolio company for up to three months at no extra charge, providing direct operational support, mentorship, and leadership guidance to founders during critical growth stages.

Quantifiable outcome

• Sprint has reviewed over 1,000 startups and backed 17 companies across its funds.
• +2 more outcomes

Named customers22 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Schneider ElectriccoreStrategic or Co-development Partner · 21 November 2023Avarni has a strategic partnership with Schneider Electric, one of the world's largest energy management and automation companies. This partnership broadens Avarni's market reach and provides corporate customers with direct access to Avarni's carbon measurement and reduction tools.
• KPMGcoreStrategic or Co-development Partner · 21 November 2023Avarni has a strategic partnership with KPMG, providing professional services firm clients access to Avarni's carbon management platform. The partnership enhances Avarni's credibility in the enterprise market and supports its go-to-market motion in climate reporting and Scope 3 emissions measurement.
• Universal Music GroupcoreStrategic or Co-development Partner · 6 February 2023Universal Music Group partnered with Music Health to provide licensing and access to a vast music catalogue for its AI-driven music therapy platform (Vera). This partnership gives Music Health access to licensed music content needed for personalized dementia therapy, providing a significant competitive moat through music rights access at competitive cost.
• Bentleys (QLD) Advisory Pty LtdcoreImplementation/ SI/ Consulting PartnerThe Sprint Group operates as a Corporate Authorised Representative (CAR 1316599) of Bentleys (QLD) Advisory Pty Ltd, which holds AFSL 274444. The Sprint Group entities (Sprint VC Fiduciary Pty Ltd and Sprint Ventures Pty Ltd) operate under Bentleys' AFS licence for the provision of financial services. Sprint Chairman Llew Jury also serves as Entrepreneur in Residence for Bentleys' CareFactor Aged Care Tech Accelerator.
• MyWorkminorOthersMyWork designed the Sprint Ventures website (sprint.vc). This is a vendor relationship for web design services.
• Rawlings BoltonminorImplementation/ SI/ Consulting PartnerRawlings Bolton is named as Sprint's external Australian Financial Services Licensee contact for complaints escalation. If investors are not satisfied with Sprint's complaint handling, they can escalate to Rawlings Bolton (AFSL holder). This represents a governance and compliance partnership for dispute resolution.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Tidal Ventures: Australian early-stage venture capital firm focused on Pre-seed and Seed investments in technology startups. Comparable as a fellow Australian emerging VC with sector-agnostic thesis and founder community orientation.

Direct peers

• Jelix Ventures: Australian early-stage venture capital firm investing in technology startups. Directly comparable as a frequent co-investor alongside Sprint (Bitwise Agronomy, Clipboard) and as a fellow Brisbane/Sydney-based Australian Pre-seed/Seed VC.
• Square Peg Capital: Australia and Israel-focused venture capital firm investing in technology companies from Seed to Series B. Directly comparable as an early-to-growth stage Australian VC with sector-agnostic mandate and global portfolio ambitions.
• AirTree Ventures: One of Australia's largest and most established early-to-growth stage venture capital firms. Directly comparable to Sprint in Australian geographic focus and early-stage mandate, with a much larger AUM, providing a benchmark for Sprint's scaling trajectory.
• Main Sequence Ventures: Australia's deep-tech and CSIRO-managed venture capital firm. Comparable as a co-investor in Sprint's Avarni round and as a fellow Australian early-stage VC operating in adjacent sector mandates including ClimateTech and AI.
• Giant Leap Fund: Australian impact-focused venture capital firm backing startups addressing social and environmental challenges. Directly comparable as a Sprint co-investor (Music Health round) and as a fellow Australian early-stage VC with HealthTech and ESG-aligned investment thesis.
• Blackbird Ventures: Prominent Australian venture capital firm backing early-stage technology founders. Directly comparable as a domestic-focused VC with strong founder community emphasis and a similar Pre-seed/Seed/Series A focus, though materially larger.
• Folklore Ventures: Australian and New Zealand early-stage venture capital firm focused on Seed-stage technology companies. Comparable as a regional early-stage VC with similar stage focus and founder-community-driven approach.
• Afterwork Ventures: Australian early-stage venture capital firm founded by operators. Directly comparable as a co-investor in Sprint's Avarni round and as a fellow Australian Pre-seed/Seed VC with similar stage focus and founder-friendly positioning.

Broad incumbents

• Bailador Technology Investments: ASX-listed Australian technology investment company focused on later-stage growth equity in technology businesses. Comparable as a fellow Australian tech investor but at growth stage and listed, providing an institutional benchmark for VC business models.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sprint-vc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments23 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sprint Ventures