Business Daily Media

Business Marketing


Australian first investment and advisory firm Happenco has closed its first fund

Happenco closes $12m fund, backing founders at the earliest stages

Australian first investment and advisory firm Happenco has closed its first fund, combining capital and direction to support companies at the earliest stages. 

Australian venture investment and advisory firm Happenco has today announced the close of its first fund, raising $12m to empower earliest-stage startups to build bold companies. 

The fund is led by Ben Cheyne, (ex. Deloitte Ventures), Gideon Gut-Silverman (ex. McKinsey, Google), and Omar Varts (ex. Deus Ex Machina), who bring a breadth of knowledge across startup creation, venture, retail, equity and more. They are supported by some of Australia’s most reputable family offices and professional investors, including Michael Rennie (ex. McKinsey & Co), Jeeva Suresh (Helix Collective) and the O’Rielly, To and David family offices. 

Launched in 2021, Happenco was built to empower accomplished leaders and innovative thinkers with the capital and direction to craft new ventures. Targeting the earliest-stage Australian startups, the new fund is the evolution of this mission, cementing Happenco’s unique approach to investing — combining an advisory firm with the investment of a venture capital fund. 

To date, 60 per cent of the $12m fund has been deployed across 16 companies including Neara, an electric utility software company, The Spec Sheet, an online hub for managing ad specs, and EdTripper, a platform for schools to uncover their next excursion. 

Working closely with industry leaders and shapers, Happenco comes on board in various capacities to help businesses succeed — whether that’s taking an active position in the business or providing strategic counsel and direction through the company’s advisory arm.

Since its inception, the firm has also worked with 11 startups in an advisory capacity spanning healthtech, retail, AI, and fintech. One of the most recent examples is sustainable luxury fashion and lifestyle brand Nagnata, which also secured funding from the firm, bringing Happenco’s total portfolio to 27 companies. 

Ben Cheyne, Managing Director at Happenco said:

“There are so many brilliant subject matter experts in Australia, many with the desire and conviction inside to innovate and build something great. 

“Navigating how to get it off the ground can be the hurdle that keeps some of our best ideas locked in a box. We see a gap in our market here in Australia at the earliest stages – we want creators to play their strengths and provide technology build, operational and financial capability where needed. 

“We are so lucky to work with so many people we admire for their creativity, resilience and conviction and we want to do more of it. In this crazy world we would like to contribute to the growth of Australia’s sovereign capability and capacity to innovate, we believe it is in our nation's DNA to have a crack and we are here to support that.”

Gideon Gut-Silverman, Executive Director at Happenco said: 

“Australia’s startup landscape is shifting, spurring a bigger chasm between ideation and funding for early-stage startups. At Happenco, we’re firm believers that ambitious founders warrant support regardless of how tough the market is. Our latest fund helps us to achieve that. 

“Success to us is creating the opportunity for ideas to become bold companies. It's about backing the next generation of Australian startups, bringing them on the journey from an initial spark to a homegrown success story .”

Michael Rennie, Managing Director, Sterling Black, and ex-Managing Partner Australia and New Zealand, McKinsey & Co:

“The Happenco team is disciplined, performs deep diligence, and their first fund already has some excellent investments. The partners roll up their sleeves during good and tough times to support expert founders to build great companies.”

Happenco is an Australian investment and advisory firm empowering accomplished leaders with capital and direction to build and grow bold companies.

We follow capital with advice.

We go all-in, early. And offer much more than a cheque. We’re hands-on, getting under the skin of a business to understand the tailwinds and headwinds, and we become a part of the team because this is how we can add real value for the long run. And with it, help more brave ideas come to life.

Keep on Trucking: 7 Different Types of Truck Drivers

Are you thinking of becoming a truck driver, but aren't sure which type to become? Did you know that 8.9 million people in the U.S. have a job in ...

Business Training

The Importance Of Professional Cleaners

Moving out of a settlement property can be a stressful and time-consuming process. One of the most crucial steps is bond cleaning, also known as e...


Former Etihad boss brings substantial event insight to PMY Group Board

Paul Sergeant PMY Group, the architects of the digital insurgency occurring at major venues across Australia and New Zealand, are delighted to ...

Business Training

Tips for selecting your large house number for visibility

House numbers are a crucial part of any home, both in design and for practical reasons. We have all been there, trying to find a friend’s house or...


Rust: How to die and resurrect yourself

Rust is an open world survival game in which action / adventure and role-playing elements combine DayZ and Minecraft. You play in the middle of ...

Business Training

Why you need an Australian digital marketing agency

When you're looking to grow your business, hiring a digital marketing agency can be a great way to get started before hiring in-house. You can also ...

Business Training