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Fund profile

Fairfax Digital Ventures

Fairfax Digital Ventures

Sydney, Australia

Leading

About

Fairfax Digital Ventures was the digital investment arm of Fairfax Media, one of Australia's largest media companies, based in Pyrmont, Sydney. The division was established following Fairfax Media's 2012 acquisition of netus Pty Ltd, which had been founded in 2005, and was managed by Group Digital Director Guy Reypert, who also took board seats at portfolio companies. The firm invested in early and growth stage internet-based companies, often through strategic partnerships in Australia, across digital publishing, online dating, weather services, education, e-health, video streaming, jobs search, and tenders. Fairfax Digital Ventures led rounds in 12 portfolio companies, writing checks typically between $1 million and $6 million across Seed through Series B stages. Notable portfolio companies include Stan, Australia's leading subscription video-on-demand service in which Fairfax held a 50% interest; Allure Media, Australia's leading independent digital publisher; Bellabox, a beauty subscription box acquired for $6 million for a 50.3% stake via Allure; HealthShare for digital health services; Adzuna for job search; InvestSmart Group for asset management; and OverSixty for publishing targeted at older Australians. Fairfax Digital Ventures ceased to exist as a distinct entity following Fairfax Media's merger with Nine Entertainment in 2018. During its active years, the division served as Fairfax's strategic vehicle for participating in Australia's growing digital economy, deploying media assets and commercial relationships alongside financial capital to accelerate portfolio company growth.

Details

Average check

$1M-$3M
$3M-$10M

Round

Seed
Series A
Series B

Previous Investments

E-commerce & RetailHealthtech & WellnessMedia, Events & EntertainmentSoftware & Apps

Geo focus

ANZ

Highlights

$3M

Historical average check

$6M

Historical max check

December 2017

Last investment date

12

Investments

Media, Events & Entertainment

E-commerce & Retail

Healthtech & Wellness

Software & Apps

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Website

fairfaxmedia.com.au

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