Tuesday, November 29, 2022
HomeStartupAfterWork Ventures co-founders named in Forbes 30 beneath 30

AfterWork Ventures co-founders named in Forbes 30 beneath 30


The co-founders of Sydney early-stage enterprise capital fund AfterWork Ventures have made the distinguished Forbes 30 beneath 30 as first-time fund managers.

Alexander Khor, 27, and Adrian Petersen, 28, have been named within the Forbes 30 beneath 30 for Asia within the Finance and Enterprise Capital class. Earlier honourees embrace Canva founder Mel Perkins and Bumble founder Whitney Wolfe Herd.

AfterWork Ventures invests in early-stage tech corporations in Australia and New Zealand, and kicked off as an off-the-cuff group again in 2017 as a “micro” VC fund, with 30-somethings David Insull and Mike Forster additionally as founders.

The VC raised $10 million in a primary shut by August final yr and is seeking to shut out the fund 12 months on. Who Offers a Crap founder Simon Griffiths is among the many fund’s traders.

Afterwork has made 30 investments, together with ‘stay now, purchase later’ fintech OwnHome, direct-to-consumer pet meals firm Lyka, and ‘Strava for ball sports activities’ app Swing Imaginative and prescient.

Khor and Petersen are the youngest VC companions within the area and attribute their success up to now right down to hustle, good timing, and the assist of the fund’s group.

“Our group is our edge. Within the final yr, we’ve grown our group to over 100 seasoned and various operators – together with Ivan Lim (CEO of Brosa), Sam Kothari (Head of Progress at Airwallex), Cheryl Mack (founding father of Aussie Angels), and senior operators from native scale ups comparable to Canva, Eucalyptus, and Linktree,” Khor stated.

“In pooling our collective networks, expertise, and data, we’ve been in a position to punch above our weight in sourcing offers, choosing nice alternatives, and supporting our portfolio corporations post-investment.”

A majority of the AfterWork group are additionally restricted companions (LPs) within the fund, together with Alice Williams, founding father of Ovira, who was additionally named as a Forbes 30 beneath 30 within the Retail and eCommerce class.

Jessy Wu, Head of Neighborhood at AfterWork, and an funding principal, stated Australia lacks the sturdy alumni networks or golf equipment for high-achieving and entrepreneurial younger individuals discovered elsewhere world wide.

“At AfterWork, we’re constructing a robust community of bold operators, who’re studying, rising, and excelling collectively,” she stated.

 

 



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