Australian VCs went earlier and smaller with deals in 2022

Source:

14 December 2022

What a year it’s been – whilst OneVentures didn’t go for earlier stage seed investments like many of our brethren, we were certainly more conservative in our investments through the financial maelstrom that was 2022.

Our Founding Partner and Managing Director Dr Michelle Deaker had some thoughts in summing up the year that was.

“Equity demand was lower this year with many companies having raised in late 2020 or early 2021 and trying to avoid raising in the volatile market of 2022,” she said.

“Companies are taking venture credit to extend capital runways and grow into their 2021 valuations before raising next rounds of financing. Venture credit demand in the last six months is up 60 per cent. The need for this is increasing into 2023 as companies try to move their next funding round out to a time when the markets may have improved, and they have grown their businesses further to ensure they avoid down rounds.”

Read the full article in the Australian Financial Review

Posted in — AFR


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