Capital is a commodity. Every VC has a network. What sets us apart is time. Focused support and patient capital that helps gets the fundamentals right now – so you’re ready for serious, sustainable growth.
They want to scale, but they don’t know exactly how. We help them fine-tune their growth engine.
We address the blindspots that are holding them (and potential investors) back, multiplying their future backability.
They’ve got a vanishing runway and very little time. We set them on a strategic course for Series A success.
“Partnering with Skalata was critical. The ways in which we improved our business are too long to list. I firmly believe we wouldn’t be where we are today if it were not for Skalata.”
We’re pushing all of our resources, know-how and connections into the ring. So what does that look like?
We make initial investments up to $300k, and can then follow-on in multiple rounds. Having us on hand for future rounds means you can work on your business rather than working the room.
We have more people (and expertise on tap) than any other seed-focused VC. So we can give founders a lot of our time (strategy sessions, check-ins, actually replying to texts…), as well as the time to find their feet. No undue pressure and no countdown clock to the next funding round.
Get ongoing strategic and tactical advice for whatever problem you’re facing. Need help with cashflow forecasting? Go-to market? Pricing strategy? Hiring? Done.
Why and how we offer the highest support to cheque size ratio in Australian VC.
Our edge is understanding seed better than anyone – and faster. Because it can be a series of shocks. Whiplash-inducing pivots, complete model overhauls, failed MVPs, hard-to-hear feedback. Few successful companies manifest as the original roadmap - every founder has to iterate before hitting PMF. Seed is by far the toughest stage - one that few get past. But we know how to navigate it, inside out.
“The state of global tech changes so rapidly that playbooks are redundant. We reckon being amongst Skalata’s team and portfolio is the best way for us get to where we want to be.”
We get the core engines of business firing stably in the short term, so you can move faster in the medium term. We’ll never thrust the weight of “fund returner” on your shoulders before you’re even generating revenue. We want to help you build a scalable, sustainable business – not simply inflate your valuation.
“A lot of funds focus on whether or not you can build the software. We’re quite confident in building it, but engineering is traditionally a very slow decision-making loop in terms of the client side and closing sales. We felt an immediate connection with Skalata, because a lot of the team has have had similar experiences.”
It's not just about “support”. Cheerleaders are supportive. It's about validating your ideas (“this is worth doing”) and dispelling your fears (“you can make the jump”). It's about giving you actual direction, considered connections, and sometimes brutal honesty. You need experts by your side. Not to be abandoned with a pile of cash, absent advisors, and unanswered emails piling up in the sent box.
“Skalata has introduced us to an incredible pool of experts, challenged our assumptions, and ingrained bigger picture thinking into our DNA. Everyone is super supportive and genuine – helping us through some really challenging growing pains.”
There’s a lot of hype and hustle in the VC world, but we want to get back to substance. It's all the necessary, unsexy stuff you’ll thank us for later – financial forecasting, good governance, honing your business model, hiring the right people... There’s a reason later-stage investors love Skalata companies. It’s because they get the fundamentals right.
“Skalata changed the trajectory of our business, and put us in the perfect position to really scale. We’ve since grown from a team of 2 to 50+, expanded with offices across Australia, and raised a Series A from EVP.”
Having us on hand for future rounds means you can work on your business rather than working the room. We are your medium-term funding plan - one less major timesuck to worry about. We then go in to bat for you with Series A investors - capitalising on our connections and repping your company as if it were our own.
“The benefit of the Skalata network is that they are literally the elite of the Australian business community. You're getting the highest level introductions you could possibly ask for.”
Our edge is understanding seed better than anyone – and faster. Because it can be a series of shocks. Whiplash-inducing pivots, complete model overhauls, failed MVPs, hard-to-hear feedback. Few successful companies manifest as the original roadmap - every founder has to iterate before hitting PMF. Seed is by far the toughest stage - one that few get past. But we know how to navigate it, inside out.
We get the core engines of business firing stably in the short term, so you can move faster in the medium term. We’ll never thrust the weight of “fund returner” on your shoulders before you’re even generating revenue. We want to help you build a scalable, sustainable business – not simply inflate your valuation.
It's not just about “support”. Cheerleaders are supportive. It's about validating your ideas (“this is worth doing”) and dispelling your fears (“you can make the jump”). It's about giving you actual direction, considered connections, and sometimes brutal honesty. You need experts by your side. Not to be abandoned with a pile of cash, absent advisors, and unanswered emails piling up in the sent box.
There’s a lot of hype and hustle in the VC world, but we want to get back to substance. It's all the necessary, unsexy stuff you’ll thank us for later – financial forecasting, good governance, honing your business model, hiring the right people... There’s a reason later-stage investors love Skalata companies. It’s because they get the fundamentals right.
From GTM strategy and product development to company culture and tech infrastructure, we’ll offer advice we can actually help implement. Always frank, always constructive, always based on experience. Here's some quick examples of things Skalata can help you with.
You know your market and we know seed-stage company development. We'll offer sensible, tailored advice, and then help you actually implement it. Day in. Day out.
Generally speaking, we won't work in your business, only on it. This is how we add the most value, both short-term and long-term. Teach a founder to fish...
Skalata’s value is our people, and their experience building seed-stage companies. It’s hard to put a dollar value on having that one-on-one, immediate feedback loop.
Being a founder is rough. You sign up for late nights, but there are things no one can prepare you for. We want to help you sleep better, not just work better. Skalata is a shoulder to lean on, and the first number you call when things don't go quite to plan. We work through challenges and cheer the little victories together. In other words, you don’t have to do this alone anymore.
We show founders the problem areas they’re too close to the business to see. We knew Choovie needed to pivot to B2B. We knew Explorate needed to change its revenue model. We knew Preezie needed to make its product a hell of a lot more defensible. It starts with starting at the beginning. Placing an obsessive focus on product, going back to the customer, and questioning every assumption.
“We spoke to several investors as part of our raise, but Skalata’s promise to offer more support at the seed stage is what ultimately convinced us. Now that we’ve been working with the team for a few months, I can wholeheartedly say that this is accurate!”
“I’m so much more confident as a founder now – a lot of it was just programming me to think bigger. Being around super talented peers and having that support system really urged me on.”
“As a solo founder, I hit a point where I couldn't progress any further without the right support. Skalata helped me build the dream team to grow Style Sourcebook into what it is today.”
“One of our core principles is 'local focus, global vision'. Skalata has helped us realise this by opening up their deep networks across Australia and the US.”
“I decided to work with Skalata because of their hands-on approach to company building. As a solo founder, while the capital is nice, the connections and insights offered are a strong value add. Plus, the clear goals and targets we’ve established for the seed stage are really good.”
“From our first meeting with Skalata, it was very clear they shared a similar mentality towards entrepreneurship, innovation, opportunity and impact.”
When you join Skalata, you’ll receive $50k to $300k of initial funding, with follow-on rounds available up to $1 million. In return, we’ll receive an equity stake in your business. That stake is based on your valuation, and is determined on a case-by-case basis. When you’re ready for more, we’ll introduce you to our fund investors, help get you ready and de-risked enough for Series A, and handle all the heavy lifting of the next raise. You’ll never need to look beyond our network for growth funding.
Each company is assigned a Venture Partner and Senior Associate (what we call a "pod"). They’re your primary point of contact, and the ones driving your company's growth. But you’ll also get access to the broader Skalata team, our advisory network, investors, experienced founders, operators and business leaders. Your pod will work on your business, but not necessarily in your business. Their sole purpose is to help you get your company to the next level. They can help with:
First week: We spend a lot of time getting to know the founding team, understanding your vision, your goals, and your high-level plans.
Second week: we conduct a deep-dive into what’s worked well in the past (and what needs work moving forward). We also want to know what you're feeling more or less confident about. Next, you’ll meet with our Venture team and be allocated two lead points of contact depending on your goals and priorities, and who we think might be the best fit for you.
Third week onward: Our Venture team will support you within your working style – whether you prefer short check-ins, longer working sessions, or something totally different. It’s all about finding a cadence that suits you. In the first instance, a weekly check-in is usually a good way to go, but this depends on your specific requirements and preferences.
No - for the same reason that no two companies are the same. The Skalata experience is unique to you and your business. There will always be fundamentals and best-practices to keep in mind, but the goals, challenges and strategies will be tailored exclusively to you.
There are no workshops, playbooks, no homework and no compulsory lectures. Our support will suit your stage, your cadence, and your growth plans. You’re in the driver’s seat, and you get to manage your own time. The last thing we want to do is micromanage founders in their own businesses.
In terms of funding, the initial investment can vary depending on your stage, risk level, and requirements.
There are a few objectives we implement at seed that pave the way for sustainable growth. These include:
Developing a growth engine: Helping you achieve your growth targets. We also help you build the team, systems and infrastructure to scale.
Achieving product-market fit: Helping you measure where you stand in respect of product-market fit. What it means, and how to optimise for it.
Building a sustainable, scalable business model: Helping you develop a viable business model with healthy margins and unit economics to ensure consistent, sustainable growth.
After working with Skalata, you should have the foundations of all of these things, and start to look really appealing to Series A investors.
There’s an illusion that a VC can only help you. But if a VC thinks every single startup should go for s**t or bust, they can seriously harm you.
Unlike other funds, our investment strategy means we don’t need $1b outcomes to be successful. And we don’t need your market size to be “everyone who breathes” for you to get a look in.
With the highest support to cheque size ratio in Australia, we want to help you build a scalable, sustainable business – not pump up your valuation and then fade into the background when things get tough.
With our flexible funding model - where we deploy 2, 3, 4, or more capital injections throughout the seed stage - you get to keep more equity and protect your cap table.
We help you develop a long-term funding plan, making the milestones you need to achieve clear from day 1, and continually. Then we help you execute it.
If we think something's going to jeopardise you getting follow-on funding, you’ll know about it (and get support with course correcting).
Once we’re tapped out, we go in to bat for you with Series A investors - capitalising on our connections and pitching your company as if it were our own.
We've put together a little blog post with more info here.
It’s taken time, trial, and error to refine our process, but we think we’ve got it humming along nicely. It involves three main ingredients.
The team: The Skalata team and board has created, built, advised and exited successful companies across Australia, Asia and the US. Our CEO, Rohan Workman and COO, Maxine Lee were part of the founding team of the first university-based accelerator in Australia (Melbourne Accelerator Program – MAP) back in 2012. We’ve also funded and worked with hundreds of companies at the seed stage for over a decade. Seed is literally all we do.
Extensive local research: Prior to launch, we conducted five intensive months of discovery in Australia and abroad. We interviewed 100+ people, including pre-seed/seed-stage founders, founders at a later stage (post Series A), and people who invest in or work with early-stage companies. We uncovered what early-stage founders need help with, what later-stage founders wish they’d done earlier, and what investors need to see in companies in order to back them.
International best practice: We’ve woven in insights from people who run the world’s leading accelerators, seed funds, and venture capital firms. These include Y-Combinator, StartX Stanford, Accel Partners, Kleiner Perkins, Techstars, and Right Side Capital Management, among others.
We’re after companies at the seed stage who have already built some momentum or traction within the business. You’ll need a unique proposition (some defensible IP, special industry insight, or market solution), 12+ months of cash flow, and a market-ready product. There are over 30 data points we look at, but this is broadly what we need to see before we invest.
No, we’re sector agnostic. The truth is, we don’t want to box ourselves into a particular industry, because growth and good ideas can come from anywhere. Our current portfolio includes everything from Agtech and logistics to healthcare.
There are a few areas we don’t invest in, including gambling, tobacco and weapons (our founders should have a net positive impact on society). We don’t invest in pure e-commerce plays, biotech or pharma, capital-intensive businesses (which require huge funding amounts to get off the ground) or anything based solely around banking, insurance, provision of capital, leasing, property development, infrastructure acquisition, land ownership, construction, or making investments to derive rental / royalties / interest / dividend income. Phew.
We’re looking for founders who are honest, determined, driven and open to feedback. They’re not afraid of hard work or the unknown. We champion all backgrounds, languages and abilities. What’s more important is your attitude. Not sure if that’s you? Check out our analysis of successful founder personas.
We value companies based on a carefully-developed formula. We look at over 30 separate data points (both quantitative and qualitative) across four key categories: team, problem/market, solution, and traction. Value is driven by data. It’s important to us that our investment approach is as fair and objective as possible.
1. Initial Investment – we offer flexible initial investments of $50k to $300k. In return, Skalata receives an equity stake in the company. That stake is based on your valuation, and is determined on a case-by-case basis.
2. Follow-on Investment(s) - at any stage of the journey, we can make further investments up to $1 million. When you need additional capital beyond this, we'll open the door to our fund investors, and do all the heavy lifting.
We chew over this question fully in this Stack article on when to raise, and this blog post on the curse of “too early”.
But as a top-liner, you’ll need to show some evidence that you’ve found a market for your problem, whether that’s revenue, early customers, strong customer testimonial, or a growing freemium user base (with a plan for monetising it).
Our investment cap is currently $1 million, but that isn’t the end of the story. Once you’re in with Skalata, you’re in. You’ll never need to look beyond our network for growth funding down the track – whether you’re raising in one year or ten.
We’ll make the introductions to our investors, and help refine your pitch. Anything we can do to make your next round a success.
You can pitch by using the form at the bottom of this page. We’ve got loads of guides on how to get a VC-worthy deck together, how to speak a VC’s language, and at what point you should be seeking funding.
If we like the deck, we’ll invite you for an informal 20-minute call with one of our Associates. The next stage is a more formal pitch meeting, which may have a couple of us in.
If that goes well, we’ll start the due diligence process (DD), and you’ll be put forward to the investment committee (IC). And if that goes well, we’ll send you a term sheet to review and sign (these days, term sheets are highly standardised for efficient deals, so you won’t see anything crazy - but it is good to review it with a lawyer).
We work as quickly as possible, but as you can imagine, there’s a lot of paperwork. We’ll need to see lots of documentation from you. If your house is in order, it can take as little as 4 weeks, but the average is 6-8.
Skalata counts a number of very successful entrepreneurs among our fund investors. These include: Anthony Eisen (Co-founder, Afterpay), Jan Cameron (Founder, Kathmandu), Adrian Di Marco (Founder, TechnologyOne), Alex Waislitz (Founder, Thorney Investment Group), John Rubino (Founder, Monadelphous), Paul Dwyer (Founder, PSC Insurance Group), and WA entrepreneur Ian Trahar. They’re always on the lookout for co-investment opportunities in great companies.
Not at all! Quite a few of our portfolio companies raised funds at a higher valuation than implied by Skalata’s initial investment. The difference is, our founders tend to recognise that value beats valuation, and the hands-on experience of working with Skalata (through dedicated coaching, access to best-practice business resources, and a broader advisory network) will help materially increase the value of their business.
We (and VCs generally) don’t sign NDAs. Not because we have a secret folder under our desks labelled “ideas I dismissed in the pitch but plan to steal later”.
It’s because no one (including you) should sign binding legal agreements without input from lawyers, and having to wheel them out for every company we meet with is too big a time and resource drain.
We hear dozens of ideas a month and a signed NDA is an easy route to crossed legal wires. They are also notoriously difficult to enforce, and expensive to sue over, so we don’t recommend taking NDAs with you to any early VC meetings.
The most important thing to remember: a “no” doesn’t mean it’s a bad company, or a bad idea. Usually it’s because your business either didn’t meet our investment mandate, or, after diving into your value proposition, we weren’t able to develop a strong enough business case to move things forward.
At the end of the day, we get things wrong just like anyone else. We also know how emotionally draining this process can be, so we’ll try to be as transparent and speedy as possible, and give feedback where we can.
If you miss out on Skalata funding this time, that doesn’t mean you won’t be successful down the track.
Feedback on the investment outcome is a perfectly reasonable thing to want! We aim to be as transparent as possible with investment decisions (and often provide as much detail/feedback as we can), however, it isn’t always possible for us to provide comprehensive feedback for every company. In short, we’ll do our best.