# Innovation Capital: portfolio, investments and team

> Innovation Capital is an investment firm based in Australia. 8 investments on record, latest Jul 2013. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/innovation-capital-3 (Millionrounds; every figure on the page links to its filing or article)

Australia · [Investor](https://millionrounds.com/investors)

# Innovation Capital

Last cheque observed Jul 2013. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Investment firm

Venture Series A Series D

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 8 on record

Since the last cheque **4857** days **00** hrs **00** min **00** sec

Median round **$4.0M** Rounds led **0 of 8** Sole investor **1 rounds** Exits **1 from the portfolio** Mostly in **United States, 63%**

Pitch Innovation Capital

## Innovation Capital highlights

- 01 8 rounds on record
- 02 Mostly Venture and Series A: 88% of its rounds
- 03 Sole investor in 1 rounds, median $4.0M
- 04 1 exits from the portfolio

## What they do

- **Type:** Investment firm (from a list, unverified)
- **Cheque size:** Not stated
- **Based in:** Australia
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **8 appearances**

- **2013** 1 round
- **Jul** **[Crocus Technology](https://millionrounds.com/company/crocus-technology)** Series D · US · finsmes.com **$44M** With 4 others
- **2010** 2 rounds
- **Mar** **[VPIsystems](https://millionrounds.com/company/vpisystems)** Venture · US **$4.0M** With 4 others
- **Jan** **[Audinate](https://millionrounds.com/company/audinate)** Venture · AU · finsmes.com **$4.0M** With 1 other
- **2009** 1 round
- **Aug** **[Windlab Systems](https://millionrounds.com/company/windlab-systems)** Venture · US **$10M** With 1 other
- **2008** 2 rounds
- **Jun** **[Audinate](https://millionrounds.com/company/audinate)** Series A · AU · audinate.com **$3.7M** With 2 others
- **May** **[Elanti Systems](https://millionrounds.com/company/elanti-systems)** Venture · US · expansionmanagement.com **$5.5M** With 2 others
- **2007** 1 round
- **Jul** **[Windlab Systems](https://millionrounds.com/company/windlab-systems)** Series A · US **$4.0M** Sole investor
- **2005** 1 round
- **Oct** **[bCODE](https://millionrounds.com/company/bcode)** Series A · AU **$3.8M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **5** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[VPIsystems](https://millionrounds.com/company/vpisystems)** Bought by Elanti Systems **Undisclosed** Mar 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Venture Series A Series D

Median round joined **$4.0M** the round, not its cheque Alone, median **$4.0M**

Led 0 of 8 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Jul 2013
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Venture *4*
- Series A *3*
- Series D *1*

Cheques by year Led Joined

2005 2013

Often in the room with

- [New Venture Partners](https://millionrounds.com/fund/new-venture-partners) 2
- [Starfish Ventures](https://millionrounds.com/fund/starfish-ventures) 2

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## Who they invest alongside

The investors most often in the same rounds as Innovation Capital. A count of rooms they were both in, not a relationship either has claimed.

[**New Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/new-venture-partners)[**Starfish Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/starfish-ventures)

## Quick answers about Innovation Capital

### What does Innovation Capital invest in?

Innovation Capital invests most often at Venture and Series A (88% of the rounds on record).

### How active is Innovation Capital?

8 investments on record, 0 of them in the last 12 months. The most recent was in Jul 2013.

### How big are Innovation Capital's cheques?

The median round it joins is $4.0M.

### Does Innovation Capital lead rounds?

Rarely, if at all: none of its 8 investments on record names it as the lead.

### Where does Innovation Capital invest?

Most of the companies it backs are in the United States (63%) and Australia (38%).

### Is Innovation Capital investing now?

No investments in the last 12 months; the latest was in Jul 2013.

### Who does Innovation Capital invest alongside?

Most often New Venture Partners (2 rounds together) and Starfish Ventures (2 rounds together).

### What kind of investor is Innovation Capital?

Innovation Capital is an investment firm based in Australia.

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