Gannet Capital

Gannet Capital is a Sydney-based, privately owned boutique investment advisory and management firm, founded in 2009. The firm specializes in venture capital, managing multiple funds that focus on providing compelling risk-reward investment opportunities to sophisticated investors. Gannet Capital emphasizes capital preservation in its investment philosophy, ensuring that it seeks to balance potential returns with the management of risk.

Glenn Poswell

Founder and Partner

2 past transactions

4INFO

Venture Round in 2013
4INFO, Inc. is an identity and activation solutions company based in San Jose, California, with additional offices in New York. Founded in 2004, it specializes in mobile technology that addresses the attribution challenges faced by national brand advertisers, particularly in measuring sales lift at the cash register. The company’s flagship product, Bullseye ID, creates a match key that links consumer data to connected devices within households, covering nearly 100% of U.S. smartphone users. 4INFO’s AdHaven Platform facilitates precise audience targeting across various screens and enables measurement at scale. The company partners with leading data providers such as Acxiom, Nielsen, and Datalogix to enhance its targeting capabilities, allowing advertisers to access rich consumer segments. 4INFO places a strong emphasis on data privacy, implementing rigorous security measures to protect user information. The company has seen significant growth, with its brand ad revenue tripling since 2012 and serving top clients across multiple industries, including consumer packaged goods, retail, and automotive. 4INFO operates as a subsidiary of Cadent, LLC, and continues to innovate in mobile advertising solutions.

Catch.com.au

Private Equity Round in 2011
Catch.com.au provides online shopping stores and operates a customized delivery platform. It also offers products including home decor, accessories, health & lifestyle product, fashion, electronics, toys & games, furniture, beauty, grocery & liquor, appliances, and sportswear. Founded in 2006 by brothers Gabby and Hezi Leibovich, the idea for CatchOfTheDay was born from a desire to bring fun back to shopping. Bored with catalog-based online shopping sites that were prevalent in the early days of online retail, the Leibovich brothers sought a better way to harness the power of the Internet to give shoppers a compelling reason to buy online. The reason: amazing deals. The how: pioneering the daily deal “flash sale” retailing model in Australia. With word of mouth and social media fuelling demand as customers turned to social networking sites to share their latest buy with friends, the Group quickly expanded into new niche categories with dedicated online shopping stores; building size while at the same time fostering powerful economies around core operations in technology, deal sourcing, warehousing and logistics. This provided the Group with an agile and lean platform to support profitable growth and expansion into new markets, while at the same time maintaining a compelling price advantage. In May 2011, less than five years from founding its first site CatchOfTheDay, the Group received $80M in funding for a 40% share from a consortium of investors including Tiger Global management (investors in Facebook, Zynga and LinkedIn), James Packer's Consolidated Press Holdings and Andrew Bassat from SEEK. The deal was ranked by the Internet Deal Book as the 12th largest e-commerce transaction for 2011 and helped open doors to the additional skills and knowledge needed to take the business to the next level. Recognizing the power of the deal. Today, The Catch Group has evolved from its clearance sale roots to offering brands a compelling retail solution to market their goods to a captive 3.5 million member base, which grows by roughly 30,000 every week. The Group regularly receives over 1 million visits to its websites in a day (24 hours), with one item sold across the group every 1 second. Its record-setting deals include 220,000 units of Ferrero Rocher chocolates sold in 8 hours and 675,000 Hungry Jack’s $2 meal deal vouchers in 48 hours. Its highest rate of revenue was $1 million per hour on Samsung LCD TVs. In an increasingly competitive marketplace for deals, this gives the Group a huge advantage over other competitors as well as scope to cross-sell and market new initiatives across its sites. Building towards the future Catch.com.au is serious about carving new ground in Australia’s retailing sector, and as such it wants to be recognized as a serious player in retail as a whole, not just the online space. The Group believes that the future of its business won't be about definitions like ‘group buying, ‘daily deals’ or ‘online stores’: it will be about retail, and choosing the best platforms to meet the future needs of shoppers. Today, Catch.com.au employs more than 800 staff and for financial year 2011/2012 recorded very strong growth in both sales and profit despite considerable investment in new warehousing technologies, senior personnel and strengthening its core operations. The Group has revealed gross retail receipts from its businesses of circa $350M for the 2013 financial year and expects to maintain ongoing double-digit growth for many years to come. Intent on remaining Australia’s largest online retail group, profitable growth and expanding into new markets will continue to be key themes for the Catch Group as it continues to build out its portfolio of category-leading online shopping stores.
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