About Black Nova
Black Nova Venture Capital is a new-breed, early-stage venture capital fund manager that focuses on the opportunity that exists within Australia's growing and thriving industry of B2B technology companies. The fund's first focus is on the belief that 'boring is better' and that there is exceptional upside to support less-glamorous, but essential, businesses that solve acute but everyday problems for SME and enterprise customers - a strategy that the partners had experience in before the fund's launch.
As serial-founders, the team behind Black Nova believes in finding people who see the world differently - they are relentless, determined, mission-oriented, scrappy, and hungry to prove themselves, their thesis, and Black Nova's. The firm's vision is to create the necessary business and social support infrastructure, as well as capital, to nurture these founders and their businesses, with the goal of becoming leaders in their markets and driving the growth of the economy for years to come, making their portfolio, and Australia, proud.
Alternative Investment Opportunity
The Black Nova VC Fund is a Venture Capital Fund with a focus on Australian B2B Software-as-a-Service Companies.
- The fund is targeting a return of 30% IRR. With an investment term of 6 years.
- Black Nova charges a 2% management fee with a 20% performance fee.
- The fund is an 'ESVCLP' which provides a strong tax structure.
Black Nova is led by a decorated team of founders and angel investors, they've invested in over 85 startups globally and mentored hundreds more through blue-chip accelerators.
The fund invests with a thesis that 'boring is better' they aim to invest in companies that solve acute and persistent business problems. The focus on SaaS companies also provides 'sticky' revenues, which are more resistant to economic pressures.
The macro-environment is putting pressure on public markets, with some flow-on effects on private markets. While causing some near-term distress, this allows disciplined investors to take advantage of lower valuations.
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How to invest in Black Nova
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Office Location
Black Nova is headquartered in Sydney, New South Wales. The Sydney office is located at:
11 Albion Way
Sydney, NSW 2000
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