INVEST IN AUSTRALIAN UPSTARTS
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.”