Archangel Ventures

Archangel Ventures is a Melbourne-based pre-seed and seed venture capital firm founded in 2020 by Ben Armstrong, Rayn Ong, and Quentin Wallace. The firm specializes in SaaS and information technology companies across Australia, New Zealand, and Southeast Asia, writing initial checks of $20K to $500K at the earliest formation stages. Ben Armstrong, Managing Partner and 2025 Investor of the Year at the Governor of Victoria Startup Awards, brings 15 years of VC experience from Telstra Ventures and a prolific angel track record. Rayn Ong is recognized for 100-plus early-stage bets across the Australian technology ecosystem. Archangel has made 73 investments across SaaS, software, healthtech, and fintech, with two portfolio exits. Notable portfolio companies include Heidi, a medical AI company that raised a $65 million Series B, Atelier, a supply chain-as-a-service platform for health and beauty, and Pearler, an all-in-one personal finance application. The firm leads rounds and maintains active engagement with founders throughout the earliest years of company building. Archangel was built by operators for founders: the partners' collective 175-plus pre-seed deals reflect a philosophy of backing people before products, particularly in the Australian and Southeast Asian markets where early-stage capital has historically been thin. The firm's hands-on model is designed for the pre-seed stage specifically — when capital alone is insufficient and experienced operator judgment is the scarcest resource a founder can access.