Folklore Ventures

Folklore Ventures, founded in 2013 and based in Sydney, Australia, is a venture capital firm dedicated to supporting early-stage technology companies in Australia and New Zealand. The firm focuses on investing in sectors such as software, healthcare, robotics and automation, and decentralization. Comprising a team of investors, founders, and builders, Folklore Ventures aims to be a first cheque to forever investment partner, emphasizing the importance of founder vision and team potential from the outset.
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Alister Coleman

Managing Partner

39 past transactions

Auror

Series C in 2024
Auror Limited is a crime prevention technology company that offers a platform designed to enhance incident reporting for businesses and law enforcement agencies. The platform allows for the electronic reporting of various incidents, including shoplifting and fraud, and consolidates information and evidence in a single location. This capability enables law enforcement to identify crime trends, connect patterns related to repeat offenders and organized crime, and respond to real-time intelligence to improve crime prevention strategies. Auror’s solution also provides real-time alerts to store managers and security personnel, facilitating informed decision-making and maximizing the return on investment for security measures. Founded in 2012 and based in Auckland, New Zealand, Auror has expanded its presence with offices in Denver and Melbourne to support a growing global retail clientele. The company was previously known as Eyedentify Limited until its rebranding in 2015.

Forever Network

Series A in 2024
Forever Network is a global digital sports media company that creates engaging content tailored for millennial audiences on popular online platforms. It collaborates with advertising partners to develop branded content and offers syndication services to sporting teams and leagues.

Kry10

Seed Round in 2023
Kry10 is a developer of a secure operating system designed for owners and creators of software-defined machines, facilitating innovation while ensuring security. The platform emphasizes multi-stack verification and provides developer tools alongside an over-the-air (OTA) service for building secure and adaptable solutions that can be coded in common programming languages. Additionally, Kry10 features a self-healing graphical user interface framework that enhances connectivity among machines and devices, thereby improving asset control and device lifecycle management while minimizing costs. The company has offices located in Seattle, Sydney, and Wellington, New Zealand.

SimConverse

Seed Round in 2023
SimConverse is a pioneering company in the application of generative AI within the healthcare sector. It operates an innovative, AI-driven educational platform designed to revolutionize healthcare education. The platform focuses on enhancing verbal communication skills for clinicians through natural, fluent conversations, aiming to improve patient care and outcomes via digitized learning experiences.

Visionary Machines

Seed Round in 2022
Visionary Machines specializes in developing advanced spatial vision systems for machines using passive camera arrays. Its core product is a high-fidelity 3D sensor that combines geometric measurements from multiple cameras and AI techniques, initially serving defense, mining, and logistics sectors.

HealthMatch

Series C in 2022
HealthMatch is a medical technology company that uses machine learning and artificial intelligence to connect patients with suitable clinical trials. Its online platform analyzes trial criteria and patient data to encode qualifying questions and match responses to a comprehensive trial dataset, delivering only the trials that fit a patient’s profile. The platform facilitates recruitment by streamlining the search for trials and enabling patients to apply directly to relevant studies, often through a network that includes care teams and contract research organisations conducting trials in Australia. Founded in 2016 and based in Sydney, HealthMatch aims to shorten the time needed to identify appropriate trials and bring potential treatments to market faster by replacing manual, spreadsheet-based processes with an automated, data-driven workflow.

Sphere

Seed Round in 2022
Sphere helps US software companies manage their global sales tax / VAT / GST compliance requirements. Our platform helps with everything from nexus monitoring, registration, calculation and filing/remittance. Companies like Runway AI, Weaviate and Zeplin choose our platform because we’re the only product that offers true global coverage, is easy to implement and reasonably priced. - We're growing rapidly (20%+ MoM revenue growth) and have signed customers like Runway AI, Sierra AI, Codeium + many more - We're building the world's first tax-focused LLMs (which we believe will be the foundation for a broader cross border compliance platform; think Deel for international billing) - We're well funded by Felicis Ventures and the founders of Flexport, Lyft, Betterup, Go1 and Xendit

Swoop Aero

Series B in 2022
Swoop Aero, established in 2017 and headquartered in Melbourne, Australia, specializes in drone-powered logistics services. The company aims to revolutionize air transportation networks by integrating drone logistics into the first and last mile of supply chains, enhancing their strength and agility. Swoop Aero offers two-way deliveries across diverse destinations, organizations, and providers, utilizing autonomous drones to transport essential supplies, even to locations otherwise inaccessible. Their services cater to various industries, including health, transport, disaster management, and search and rescue, with a mission to make access to the skies seamless for 1 billion people by 2030.

Strong Compute

Seed Round in 2022
Strong Compute is focused on revolutionizing cloud computing by offering a platform designed specifically for neural network training. The company leverages advanced software and hardware optimizations to significantly enhance performance, achieving speed improvements of 10x to 1000x in neural network development, 1000x in file transfer rates, and 10x in instance start times. This innovative approach enables users to maintain continuous workflow without interruptions for research, maintenance, or parallel experiments. By targeting the expansive $500 billion cloud market, Strong Compute aims to redefine how cloud resources are utilized, emphasizing performance-based pricing rather than traditional consumption metrics.

ProductEngine

Seed Round in 2022
ProductEngine develops software that centralizes and streamlines product and pricing data management. Its platform serves as a single source of truth, facilitating collaboration, synchronization, and tracking of product information across teams, systems, and customers.

Canopy Study

Seed Round in 2022
Canopy Study is an educational technology company based in Surry Hills, New South Wales, Australia, founded in 2019. The company specializes in developing AI-powered products aimed at enhancing the learning experience for students and supporting teachers in their instructional efforts. Its data-driven platform utilizes proprietary algorithms to transform coursework and curriculum data into various learning resources, such as quizzes and flashcards. By enabling teachers to upload lesson materials, Canopy Study's platform offers adaptive learning technology that supplements classroom instruction, thereby facilitating a more personalized and effective educational experience.

CryptoTaxCalculator

Seed Round in 2022
CryptoTaxCalculator is a financial technology platform established in 2018, designed to simplify the process of calculating taxes on cryptocurrency gains. The platform enables users to upload their transaction history from various exchanges, blockchains, and wallets. By processing this data, it generates detailed reports that break down realized capital gains and income. This functionality allows investors to efficiently prepare their crypto taxes, saving them significant time and effort during tax season.

Auror

Series B in 2021
Auror Limited is a crime prevention technology company that offers a platform designed to enhance incident reporting for businesses and law enforcement agencies. The platform allows for the electronic reporting of various incidents, including shoplifting and fraud, and consolidates information and evidence in a single location. This capability enables law enforcement to identify crime trends, connect patterns related to repeat offenders and organized crime, and respond to real-time intelligence to improve crime prevention strategies. Auror’s solution also provides real-time alerts to store managers and security personnel, facilitating informed decision-making and maximizing the return on investment for security measures. Founded in 2012 and based in Auckland, New Zealand, Auror has expanded its presence with offices in Denver and Melbourne to support a growing global retail clientele. The company was previously known as Eyedentify Limited until its rebranding in 2015.

Lived

Seed Round in 2021
Lived is an Australian-based company that has developed an application aimed at helping individuals reduce their alcohol consumption and improve their overall quality of life. The app serves as a digital therapeutic platform designed to connect users with appropriate levels of care for addiction. It facilitates engagement by coordinating support between users, their social networks, and healthcare professionals. By providing tools and resources, Lived empowers individuals to take positive steps towards their recovery journey, fostering motivation and enhancing their ability to manage addiction effectively.

Kry10

Pre Seed Round in 2021
Kry10 is a developer of a secure operating system designed for owners and creators of software-defined machines, facilitating innovation while ensuring security. The platform emphasizes multi-stack verification and provides developer tools alongside an over-the-air (OTA) service for building secure and adaptable solutions that can be coded in common programming languages. Additionally, Kry10 features a self-healing graphical user interface framework that enhances connectivity among machines and devices, thereby improving asset control and device lifecycle management while minimizing costs. The company has offices located in Seattle, Sydney, and Wellington, New Zealand.

Komodo

Seed Round in 2021
Komodo is a wellbeing platform designed for boarding schools that allows staff to monitor the mental and physical health of students effectively. By integrating well-being measurement with mental health initiatives and social-emotional learning, Komodo enables schools to make informed interventions that foster a supportive environment conducive to academic success. The platform also facilitates communication among boarding house staff, empowering students to express their needs when it matters most. Additionally, it provides parents with reassurance through proactive engagement in their children’s wellbeing, making it a comprehensive solution for enhancing pastoral care in educational settings.

Visionary Machines

Seed Round in 2021
Visionary Machines specializes in developing advanced spatial vision systems for machines using passive camera arrays. Its core product is a high-fidelity 3D sensor that combines geometric measurements from multiple cameras and AI techniques, initially serving defense, mining, and logistics sectors.

HealthMatch

Series B in 2020
HealthMatch is a medical technology company that uses machine learning and artificial intelligence to connect patients with suitable clinical trials. Its online platform analyzes trial criteria and patient data to encode qualifying questions and match responses to a comprehensive trial dataset, delivering only the trials that fit a patient’s profile. The platform facilitates recruitment by streamlining the search for trials and enabling patients to apply directly to relevant studies, often through a network that includes care teams and contract research organisations conducting trials in Australia. Founded in 2016 and based in Sydney, HealthMatch aims to shorten the time needed to identify appropriate trials and bring potential treatments to market faster by replacing manual, spreadsheet-based processes with an automated, data-driven workflow.

Swoop Aero

Venture Round in 2020
Swoop Aero, established in 2017 and headquartered in Melbourne, Australia, specializes in drone-powered logistics services. The company aims to revolutionize air transportation networks by integrating drone logistics into the first and last mile of supply chains, enhancing their strength and agility. Swoop Aero offers two-way deliveries across diverse destinations, organizations, and providers, utilizing autonomous drones to transport essential supplies, even to locations otherwise inaccessible. Their services cater to various industries, including health, transport, disaster management, and search and rescue, with a mission to make access to the skies seamless for 1 billion people by 2030.

Wonde

Venture Round in 2019
Wonde Ltd. is a company that provides a platform designed to help schools manage their data effectively. Founded in 2013 and based in Cambridge, United Kingdom, Wonde's solution enables schools to control their data by approving, declining, and monitoring integrations with third-party applications. Schools can receive monthly reports and manage applications seamlessly. The platform also allows developers to check the status of existing integrations and request access to new school data, facilitating secure data transfer. Additionally, Wonde offers reporting tools specifically tailored for school leadership teams, enhancing their ability to oversee data management and vendor relationships.

HealthMatch

Series A in 2019
HealthMatch is a medical technology company that uses machine learning and artificial intelligence to connect patients with suitable clinical trials. Its online platform analyzes trial criteria and patient data to encode qualifying questions and match responses to a comprehensive trial dataset, delivering only the trials that fit a patient’s profile. The platform facilitates recruitment by streamlining the search for trials and enabling patients to apply directly to relevant studies, often through a network that includes care teams and contract research organisations conducting trials in Australia. Founded in 2016 and based in Sydney, HealthMatch aims to shorten the time needed to identify appropriate trials and bring potential treatments to market faster by replacing manual, spreadsheet-based processes with an automated, data-driven workflow.

Swoop Aero

Venture Round in 2019
Swoop Aero, established in 2017 and headquartered in Melbourne, Australia, specializes in drone-powered logistics services. The company aims to revolutionize air transportation networks by integrating drone logistics into the first and last mile of supply chains, enhancing their strength and agility. Swoop Aero offers two-way deliveries across diverse destinations, organizations, and providers, utilizing autonomous drones to transport essential supplies, even to locations otherwise inaccessible. Their services cater to various industries, including health, transport, disaster management, and search and rescue, with a mission to make access to the skies seamless for 1 billion people by 2030.

Uptick

Series A in 2019
Uptick specializes in asset protection software for maintenance service providers. Its platform offers real-time compliance information, tracking critical data like major service dates and defect history to enhance building safety and improve operational efficiency.

Snug

Seed Round in 2019
Founded in Sydney in 2017, Snug operates a rental community platform designed to lower costs and improve efficiency for renters, owners, and managers. Its key services include property management software, renter application and screening, rent payment collection, and a secure online rental application process.

Forever Network

Seed Round in 2018
Forever Network is a global digital sports media company that creates engaging content tailored for millennial audiences on popular online platforms. It collaborates with advertising partners to develop branded content and offers syndication services to sporting teams and leagues.

HealthMatch

Seed Round in 2018
HealthMatch is a medical technology company that uses machine learning and artificial intelligence to connect patients with suitable clinical trials. Its online platform analyzes trial criteria and patient data to encode qualifying questions and match responses to a comprehensive trial dataset, delivering only the trials that fit a patient’s profile. The platform facilitates recruitment by streamlining the search for trials and enabling patients to apply directly to relevant studies, often through a network that includes care teams and contract research organisations conducting trials in Australia. Founded in 2016 and based in Sydney, HealthMatch aims to shorten the time needed to identify appropriate trials and bring potential treatments to market faster by replacing manual, spreadsheet-based processes with an automated, data-driven workflow.

HappyCo

Series A in 2018
HappyCo Inc. is a software development company based in San Francisco, California, specializing in mobile tools for the real estate rental industry. Established in 2011, the company provides a comprehensive platform designed to enhance property management by replacing traditional paper-based processes with digital solutions. Its offerings include a mobile application for property inspections, a web application for managing inspections and staff remotely, and a business intelligence application for real-time analysis of operational performance metrics. HappyCo's technology services a variety of sectors, including multifamily residential, commercial real estate, student housing, and hospitality. The platform incorporates artificial intelligence to streamline maintenance operations, improve efficiency, and enhance resident satisfaction, effectively enabling users to inspect and monitor real estate assets while gaining visibility and control over their operations.

Ansarada

Series A in 2018
Ansarada is a leading provider of cloud-based software solutions focused on information governance, catering primarily to organizations involved in complex transactions such as mergers and acquisitions, fundraising, and other due diligence projects. The company offers a range of services, including virtual data rooms, board management solutions, asset lifecycle management, compliance management, and workflow management tools. Ansarada's virtual data rooms are recognized for their high security standards and are designed to facilitate safe and efficient business transactions. The company's clientele includes investment banks, legal and accounting firms, corporate advisers, and financial institutions across various regions, including Australia, New Zealand, Europe, the Americas, Africa, and Asia. Established in 2005 and headquartered in Sydney, Australia, Ansarada operates under a Software as a Service model, generating revenue through subscription and transactional usage fees.

Auror

Series A in 2018
Auror Limited is a crime prevention technology company that offers a platform designed to enhance incident reporting for businesses and law enforcement agencies. The platform allows for the electronic reporting of various incidents, including shoplifting and fraud, and consolidates information and evidence in a single location. This capability enables law enforcement to identify crime trends, connect patterns related to repeat offenders and organized crime, and respond to real-time intelligence to improve crime prevention strategies. Auror’s solution also provides real-time alerts to store managers and security personnel, facilitating informed decision-making and maximizing the return on investment for security measures. Founded in 2012 and based in Auckland, New Zealand, Auror has expanded its presence with offices in Denver and Melbourne to support a growing global retail clientele. The company was previously known as Eyedentify Limited until its rebranding in 2015.

Mentorloop

Seed Round in 2017
Mentorloop is a mentoring software platform that connects mentors and mentees through an online solution designed to support personal and professional growth. The platform enables organizations to run mentoring programs at scale by matching participants, onboarding quickly, and providing self-matching, real-time communication tools, and structured resource and content tracks. It also offers analytics to help program coordinators measure outcomes and improve effectiveness. By simplifying enrollment, pairing and ongoing guidance, Mentorloop makes mentoring accessible and efficient across teams, supporting talent development and succession planning.

Uptick

Seed Round in 2017
Uptick specializes in asset protection software for maintenance service providers. Its platform offers real-time compliance information, tracking critical data like major service dates and defect history to enhance building safety and improve operational efficiency.

Featureflow

Seed Round in 2017
Featureflow is a developer of a process and feature management platform designed for engineering teams. The platform enables companies to safely release and test applications by facilitating gradual rollouts, managing features, and precisely targeting new functionalities to specific audiences. It offers a combination of language-specific software development kits and an intuitive hosted control panel, which allows enterprises to integrate with existing systems. This capability empowers organizations to evaluate and iterate on their applications effectively, ensuring a streamlined approach to feature management and variant testing.

Expense Check

Venture Round in 2016
Expense Check streamlines complex decision-making processes using data-driven insights.

Expense Check

Seed Round in 2015
Expense Check streamlines complex decision-making processes using data-driven insights.

Forever Network

Seed Round in 2015
Forever Network is a global digital sports media company that creates engaging content tailored for millennial audiences on popular online platforms. It collaborates with advertising partners to develop branded content and offers syndication services to sporting teams and leagues.

Adviser Ratings

Seed Round in 2015
Adviser Ratings simplifies the process of selecting a financial advisor by providing ratings and customer reviews. It aims to connect consumers with suitable advisors within the vast financial advice industry.

Uptick

Seed Round in 2015
Uptick specializes in asset protection software for maintenance service providers. Its platform offers real-time compliance information, tracking critical data like major service dates and defect history to enhance building safety and improve operational efficiency.

Freelancer

Venture Round in 2013
Freelancer Ltd is a freelancing and crowdsourcing marketplace based in Sydney, Australia, that connects employers with freelancers for various projects. Launched in 2009, the platform allows employers to post job listings and receive competitive bids from freelancers across multiple fields, including software development, graphic design, writing, data entry, and market research. Freelancer supports its users with features such as real-time chat, 24/7 customer support, and a time tracker, enhancing the overall user experience. The company operates primarily through its online marketplace, which is the main source of revenue, and offers online payment services to facilitate transactions between employers and freelancers.

Clipp

Seed Round in 2013
Clipp is a mobile payments and rewards application designed specifically for the hospitality industry in Australia. It enables customers to securely pay for food and drinks at over 500 bars and restaurants. By integrating with major hospitality Point-of-Sale systems, Clipp allows merchants to efficiently accept mobile payments while enhancing customer engagement. The platform also incorporates dynamic pricing, which enables establishments to adjust their prices based on factors such as time of day, day of the week, and demand. This innovative approach aims to improve payment security and overall customer experience in the dining sector.
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