Eleanor Venture

Eleanor Venture was a seed-stage technology investment syndicate founded in 2018 in Sydney, Australia, with operations commencing in July 2019 following the acquisition of an Australian Financial Services License. Founded by women, with all initial investors being female technology founders, the firm invested in both female and male-led companies across Australia and New Zealand, bringing what it described as a distinctive perspective to early-stage venture investing. The firm managed $7 million in assets and deployed checks of $250,000 to $3 million at Pre-seed and Seed stages, making 6 investments across software, healthtech, and augmented reality. Notable portfolio companies include JigSpace, an augmented reality visualization platform, and GGWP Academy. Eleanor Venture operated with a 3 to 5 year investment horizon and targeted exits through strategic acquisitions and IPOs. The firm was led by founder and partner Kylie Frazer, who brought over 20 years of experience in technology capital raising and mergers and acquisitions, having previously practiced as an M&A lawyer at Corrs Chambers Westgarth. Eleanor Venture is now inactive. Kylie Frazer subsequently co-founded Flying Fox Ventures with Rachael Neumann, a new Australian venture capital fund continuing a similar mission. The firm's brief tenure was nonetheless notable for establishing a women-founded investor vehicle in the Australian startup ecosystem at a time when such structures were rare in the region.