Touch Ventures

Touch Ventures Limited is a Sydney-based venture investment holding company, originally established in 2016 by Australian buy-now-pay-later pioneer Afterpay. It listed on the Australian Securities Exchange in September 2021, raising roughly A$100 million at A$0.40 per share. Following Block's approximately US$29 billion acquisition of Afterpay in 2022, Afterpay's stake in Touch transferred to Block; Block then sold down its roughly 19.99% holding in January 2025, with much of it acquired by Gannet Capital, whose founder Glenn Poswell joined the board. The company invests in high-growth, scalable opportunities globally, with a focus on retail innovation, e-commerce enablement, finance and fintech, consumer, and B2B software and data, typically backing post-revenue and later-stage companies with cheques of around A$3 to 10 million as a co-investor. Its portfolio of roughly 10 to 19 companies includes Sendle, an Australian and US parcel-courier platform for SMB e-commerce merchants, Reshop in US retail returns and instant-refund technology, Tixel in live-entertainment ticket resale, Ordermentum in wholesale food and beverage ordering and payments, and Postpay, with Basiq among its exits. The business has faced sustained pressure, reporting three consecutive annual losses driven largely by impairments in holdings such as Sendle and Postpay, with a FY2024 net loss of about A$24.9 million; its chairman is Michael Jeffries, and following the early-2024 departure of CEO and CIO Hein Vogel the board moved to reset costs and refresh the leadership team. As a listed holding company, Touch Ventures offers public-market exposure to a portfolio of growth-stage retail, fintech and consumer businesses.