IN­VEST IN AUS­TRALIAN UP­STARTS

Business First - - NEWS -

The En­tourage now has a $2 mil­lion pool of cap­i­tal to in­vest in Aus­tralia’s promis­ing up­starts.

The En­tourage Growth Fund is the first of its kind in Aus­tralia – an early stage fund in­vest­ing in a broad range of up-and-com­ing busi­nesses, not just those in the bur­geon­ing tech sec­tor.

Jack Delosa, founder of The En­tourage and BRW Young Rich Lis­ter, says En­tourage Growth Fund in­vests in the na­tion’s bright­est com­pa­nies from any growth in­dus­try.

“The tech space has a lot of re­ally good funds and peo­ple avail­able to them through groups like Black­bird Ven­tures, Start­mate, BlueChilli, Dominet Dig­i­tal and Pol­l­enizer,” Delosa says. “While we cer­tainly in­vest in tech busi­nesses, we think it’s time some­one in­vested in up­starts in other thriv­ing sec­tors.”

Along with pro­vid­ing the cap­i­tal to en­able great busi­nesses to flour­ish, the En­tourage Growth Fund also sup­ports the peo­ple at the helm with a wealth of ex­pe­ri­ence, skills and knowl­edge. The En­tourage sur­rounds early stage busi­nesses with Aus­tralia’s best en­trepreneurs to help them build multi-mil­lion dol­lar com­pa­nies.

Delosa says there’s been a sharp in­crease in de­mand for “smart money” among The En­tourage com­mu­nity of 65,000 mem­bers in the past two years. “These early stage en­trepreneurs need the cash but they want more than that – they want the ex­pe­ri­ence that comes with the money. We de­liver on both fronts.”

En­tourage Growth Fund’s first in­vest­ment in the up­start scene is with spe­cial­ist re­cruit­ment firm Ve­loc­ity Con­sult­ing. Delosa says it’s a com­pany that ticks all the right boxes. “We in­vest first and fore­most into great peo­ple and Ve­loc­ity Con­sult­ing’s man­ag­ing di­rec­tor Jade Green has pre­vi­ously helped build two re­cruit­ment com­pa­nies. Now, we’re back­ing her to do it a third time.”

The En­tourage Growth Fund as­sesses the fu­ture and likely growth po­ten­tial of its in­vest­ments and also looks for com­pa­nies with align­ing val­ues. “The En­tourage is a very vi­sion, mis­sion and val­ues-driven or­gan­i­sa­tion. We op­er­ate with a sense of pur­pose, it’s in our DNA, so it’s im­per­a­tive that our part­ners are en­trepreneurs with the same ap­proach to busi­ness and life.”

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