Microequities Venture Capital Fund

Microequities Venture Capital Fund is a $25 million Australian ESVCLP (Early Stage Venture Capital Limited Partnership) established in 2016 as a joint venture between Microequities Ltd and Equity Venture Partners (EVP). The fund is part of Microequities Asset Management, a Sydney-based boutique fund manager with more than $400 million under management across four microcap funds and the VC vehicle. Key team members include Carlos Gil (CIO of Microequities), Howard Leibman (founder of Equity Venture Partners), Les Szekely, and Craig Butcher. The fund leads rounds and backs companies with check sizes in the $500,000 to $3 million range at Seed and Series A stages, specializing in B2B SaaS companies with global potential at the early growth phase across Australia and New Zealand. The investment thesis centers on backing companies that use innovative technology to strip inefficiencies from existing business processes. The portfolio includes SiteMinder (hotel distribution technology, listed on the ASX), Deputy (workforce management software used in more than 50 countries), Shippit (logistics), Practifi (raised a $3 million Series A led by Microequities, later raised $19.8 million with Updata Partners), Biteable (video creation), Rezdy (booking software), Outfit (brand management), Practice Ignition, Uptick (compliance), and JAVLN (cloud insurance SaaS, $6 million round October 2025 — most recent investment). Six portfolio exits have been recorded, including VendorPanel (October 2024). The fund's strength lies in identifying enterprise software companies built on Australia's engineering talent base that address global workflow problems, then supporting founders through the transition from early customer traction to international scaling. The joint venture structure between Microequities and EVP combines public markets expertise with specialist venture experience.