Flying Fox Ventures

Flying Fox Ventures is a Melbourne-based venture capital firm that focuses on early-stage investments in Australia and New Zealand. Founded in 2021 by Kylie Frazer and Rachael Neumann, the firm is committed to backing promising startups across a variety of sectors, including B2B SaaS, health tech, legal tech, and fintech. They are particularly known for investing in companies that address large, global markets with innovative solutions. Flying Fox Ventures operates with a unique investment model, combining capital with an educational approach for its investors. The firm offers hands-on learning through its Angel School, guiding investors through the intricacies of startup funding while building a diversified portfolio. With check sizes typically ranging from $250,000 to $600,000, Flying Fox aims to be the first institutional money in a business, supporting companies through multiple stages of growth. Their portfolio includes over 60 companies, such as AuditCover, Chemist2U, and Josef, and they continue to prioritize diversity in their investments through initiatives like their Female Founders Program. Flying Fox’s model emphasizes strong founder relationships and scalable go-to-market strategies, making them a key player in the early-stage venture scene in Australia.