Exto Partners

Last updated
Exto Partners
Industry Venture capital
Founded2003;21 years ago (2003)
FounderWilliam Deane
Peter Hammond
Headquarters Sydney, Australia
Website extopartners.com

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

Contents

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]

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References

  1. "Company Overview of Exto Partners". Bloomberg Business Week.
  2. Zimmerman, Michael (2 March 2010). "From VC Partner to Startup CEO - a Different View". Lake Republic. Archived from the original on 9 April 2013.
  3. Stowe, Sarah (16 October 2013). "US opening for gym chain Envie Fitness". Franchising Magazine. Archived from the original on 21 October 2013.
  4. "Sensear Honoured at Launch Silicon Valley".
  5. "Commercialisation Australia Awards $1.2m to Energy Efficiency Start-up". Startup Smart.
  6. "BuildingIQ to Expand After Successful Funding Round". Renew Economy. 25 January 2013.
  7. "BuildingIQ: Rich data for energy efficiency". The Fifth Estate.
  8. "Exto Braves the IPO Exit Door". Australian Financial Review.
  9. "AirtaskerRaises $2million for Renewed Micro-task Push". Business Spectator.
  10. "Hey You: Westpac's Reinventure backs rebranded Beat the Q Posse Group cafe app". 3 August 2015. Retrieved 24 September 2015.
  11. Heber, Alex. "Just as Beat the Q was taking off, the coffee startup has changed its name to Hey You". Archived from the original on 15 August 2015. Retrieved 24 September 2015.
  12. "Airtasker Snags $2million Funding Round". Tech World.
  13. "An Elementary IPO". Business Review Weekly.
  14. "CSIRO Technology Helps Cut Building Energy Consumption". Electrical Solutions.
  15. "Sensear secures $7.1million round of private funding" (Press release). PR Newswire.
  16. "Biotechnology Business Leader Appointed CEO of Australian Nobel Prize Winners Company". College Hill - Life Sciences.
  17. "Learning the Contours of Franchising". Switzer.
  18. "Beat the Q Posse Group raises $5m to fight 'winner takes most' digital loyalty battle" . Retrieved 24 September 2015.
  19. "Team". Official Website. Retrieved 2 June 2020.