Purpose
The Alice Anderson Fund is a $10 million angel sidecar fund that co-invests in women-led startups with private sector investors.
Overview
LaunchVic will co-invest between $50,000 - $300,000 to be matched 3:1 by the investor.
Named in honour of one of Victoria’s great women entrepreneurs, the Alice Anderson Fund will support up to 60 women-led startups over the next three years and unlock up to $40 million in early-stage capital.
The fund co-invests between $50,000 and $300,000 in early-stage deals put forward by investors to increase the funding pool available to Victorian women.
Their investment is structured so that only 85c in the dollar is taken as equity; the rest is provided as a non-dilutive grant to the startup. This gives our women-led startups an extra upside.
How can I access the fund as a Founder?
Investors apply on a founder's behalf for this opportunity, so we recommend engaging with an angel network or VC firm to access the fund. You can find a full list of investors over at findingstartups.launchvic.org.
Eligibility
The following Investor applicants are eligible to apply to The Alice Anderson Fund:
- An individual Angel investor
- An Angel Network
- ESVLCP (Early-Stage Venture Capital Limited Partnerships)
- Managed Investment Scheme
- A Family Office
- Interstate and international Individual Angels Investors, Angel Networks, Family Offices, or EarlyStage VC Funds are permitted to apply.
The following applicants are ineligible to apply:
- Applications from Startups seeking investment.
- Applications from investors into small or medium enterprises (as opposed to startups)
- Applications from investors into later-stage startups or scaleups
- Applications from related parties
- Applications from funds utilising only public funding.The Alice Anderson Fund may co-invest in rounds that include funding from public funds but the application must be made by a private sector investor and the Alice Anderson Fund will only leverage investment provided by private investors.
Investee startups must satisfy the following eligibility criteria:
- Meets LaunchVic's definition of a Startup
- Be Woman owned and led
- Be a registered Business
- Based in Victoria
Contact Details
Email: investments@launchvic.org