Exto Partners Explained

Exto Partners
Industry:Venture capital
Founder:William Deane
Peter Hammond
Hq Location:Sydney, Australia

Exto Partners is a private investment venture capital firm based in Sydney, Australia that has invested in early stage Australian companies.

History

Exto Partners was founded in 2003[1] by William Deane, a former lawyer with Skadden, Arps, Slate, Meagher & Flom, and Peter Hammond, a former management consultant with BearingPoint. The company made its first investment in a biotech company in March 2003 and has since invested across a broad array of industries in seed, A round and follow-on funding.

Exto Partners is considered an active investor that works with founders to build their business globally.[2]

Exto Partners investee companies have grown to operate on multiple continents[3] [4] and have successfully obtained Commercialisation Australia[5] and other government grants.

Among Exto Partner's most notable investments are Cleantech 100 company BuildingIQ, Inc.,[6] [7] ASX listed education company RedHill Education [ASX:RDH][8] and task marketplace Airtasker.[9]

In August 2015, Exto Partners invested in Beat the Q Posse Group alongside Westpac's Reinventure fund.[10] Beat the Q is behind the Hey You order ahead, discovery and digital loyalty app.[11]

Investments

Exto Partners has investments in Airtasker,[12] Tuned Global, RedHill Education,[13] BuildingIQ,[14] WhiteSky Labs, Optalert, Sensear,[15] Ondek,[16] Contours Australia,[17] EnVie Fitness and Beat the Q Posse Group.[18]

Management

Source:[19]

Notes and References

  1. Web site: Company Overview of Exto Partners. Bloomberg Business Week.
  2. Web site: Zimmerman . Michael . 2 March 2010 . From VC Partner to Startup CEO - a Different View . https://web.archive.org/web/20130409085701/http://www.lakerepublic.com/news/2010/3/2/from-vc-partner-to-startup-ceo-a-different-view . 2013-04-09 . Lake Republic.
  3. Web site: Stowe . Sarah . 16 October 2013 . US opening for gym chain Envie Fitness . https://web.archive.org/web/20131021223900/http://www.franchise.net.au/news/us-opening-for-gym-chain-envie-fitness . 2013-10-21 . Franchising Magazine.
  4. Web site: Sensear Honoured at Launch Silicon Valley.
  5. Web site: Commercialisation Australia Awards $1.2m to Energy Efficiency Start-up. Startup Smart.
  6. Web site: BuildingIQ to Expand After Successful Funding Round. Renew Economy.
  7. Web site: BuildingIQ: Rich data for energy efficiency. The Fifth Estate.
  8. Web site: Exto Braves the IPO Exit Door. Australian Financial Review.
  9. Web site: AirtaskerRaises $2million for Renewed Micro-task Push. Business Spectator.
  10. Web site: Hey You: Westpac's Reinventure backs rebranded Beat the Q Posse Group cafe app. 2015-09-24.
  11. Web site: Just as Beat the Q was taking off, the coffee startup has changed its name to Hey You. https://web.archive.org/web/20150815091124/http://www.businessinsider.com.au/just-as-beat-the-q-was-taking-off-the-coffee-startup-has-changed-its-name-to-hey-you-2015-8. dead. 15 August 2015. 2015-09-24. Alex. Heber.
  12. Web site: Airtasker Snags $2million Funding Round. Tech World.
  13. Web site: An Elementary IPO. Business Review Weekly.
  14. Web site: CSIRO Technology Helps Cut Building Energy Consumption. Electrical Solutions.
  15. Web site: Sensear secures $7.1million round of private funding. PR Newswire.
  16. Web site: Biotechnology Business Leader Appointed CEO of Australian Nobel Prize Winners Company. College Hill - Life Sciences.
  17. Web site: Learning the Contours of Franchising. Switzer.
  18. Web site: Beat the Q Posse Group raises $5m to fight 'winner takes most' digital loyalty battle. 2015-09-24.
  19. Web site: Team. Official Website. 2 June 2020.

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