Early-stage B2B-focused software startups will now be able to seek investment from Sydney-based venture capital firm Tempus Partners, which is looking to invest in globally scaleable startups with a new $40 million fund.
The early stage venture capital limited partnership (ESVCLP) fund will focus on startups undertaking Series A or seed funding rounds, and is Tempus Partners’ second fund since the venture capital firm was founded in 2013.
Its first fund, launched in 2015, contributed to a $1.6 million Uptick raise and invested in sports media startup Forever Network, bill analysing platform ExpenseCheck, feature management startup Feature Flow and the “Rotten Tomatoes for financial planners”, AdviserRatings.
Tempus Partners, which was founded by entrepreneur-turned-investor Alister Coleman, has also previously contributed to a $15 million funding round in freelancing marketplace Freelancer and a $1.5 million funding round for mobile payments app Clipp.
Coleman also co-founded Software-as-a-Service startup ShippingEasy, which was later sold to Stamps.com for $80 million in 2016, and says his past experience as an entrepreneur has helped him become a more empathetic investor.
“Any investor who has been a founder has…