Two Up Labs

Two Up Labs

We are pleased to have launched our incubation engine - Two Up Labs. It has been a while in the planning, but we have now gone live with our first customer - Property Connect Holdings (ASX:PCH).

In general Two Up Labs is a rapid, build, test, refine incubation engine, designed to validate our own internal ideas or ideas that are pitched to us from Entreprenneurs or from our Limited Partner base.

Alchemy Ventures - “back smart people solving big problems”

Alchemy Ventures co-founder Darren Patterson says they’ll be doing things a “bit different” to the other VC funds in the market, with an eye to Asia and a focus on Series A rounds.

“My view is that there’s a bit of a gap in terms of professional VCs and a lack of Series A funding,” Patterson tells StartupSmart.

“It was always in the back of my mind to get a VC business up and going.”

$200M venture capital fund backs west coast battery boom

$200M venture capital fund backs west coast battery boom

A $200 million fund backed by an influential mix of west coast investors will bankroll emerging mining, agri-tech and fintech start-ups that have been shut out by new ASX listing rules and overlooked by the big east coast funds, Square Peg Capital and Blackbird Ventures.

Alchemy Ventures is the third big fund to launch in the past 12 months after SEEK co-founder Paul Bassat launched his $200 million Square Peg Capital fund backed by major investors including James Packer and Blackbird Ventures and Atlassian founder Michael Cannon-Brookes launched its $200 million fund, bringing total funding in the previously unloved venture capital sector to more than $1 billion.

 

 

Mc Kinsey Report on Banking in Asia Pacific 2016

Mc Kinsey Report on Banking in Asia Pacific 2016

 

Mc Kinsey released their latest report on the shape and changes of banking in Asia Pacific today. 

Its interesting to note Asia has had the highest growth and continues to have the highest ROE of global banks, however this will need to reduce with regulatory and competitive pressure.

Fundamental transformation will need to occur to fend of the #fintech disrupters.

Growth segments - the under banked or the under privileged emerging as middle class throughout the region. 

All food for thought for Entrepreneurs looking to dissect the incumbents.

http://www.mckinsey.com/industries/financial-services/our-insights/weathering-the-storm-asia-pacific-banking-review-2016?cid=other-eml-alt-mip-mck-oth-1606

 

 

Borderless Banking

Borderless Banking

For a while now I have been thinking about the ultimate disruptor to the banking system. There is a lot of talk about Blockchain, but really I believe it is borderless banking which, no doubt will be enabled by Blockchain technology.

In a more globally connected world, where we are digital Nomad's, why do we bank with one bank in our country of origin? We are hyper mobile and require currency and payments on a global scale. So there are two solutions to this. Either currency becomes frictionless and a single digital currency or we are able to bank across borders and currencies. Either way, there is a use case for Blockchain technologies in either of these scenarios as it provides an infrastructure for digital currency and for distributed payments.

Blockchain - cutting through the hype

Blockchain - cutting through the hype

We have been following Blockchain as a theme for quite some time. Truly understanding where to play in the eco-system is key for any new entrants or existing businesses who are looking to pivot away from Bitcoin into the world of more generally acceptable public / private distributed ledger systems. 

Mc Kinsey have summarised some pertinent points in a recent article which we thought worth sharing.

http://www.mckinsey.com/industries/high-tech/our-insights/how-blockchains-could-change-the-world

Welcome

Welcome

Welcome to Alchemy, 

We are excited to be helping entrepreneurs achieve their ambitions by connecting capital, ideas and hard work. We are a different kind of VC fund. We don't just provide money, we help facilitate business growth.

We have chosen to focus our investment around a couple of core themes, which we believe passionately in - Mining Technology, Agricultural Technology, Financial Technology and Consumer Internet Technologies (which means pretty much anything product or service related with a tech slant). Our backgrounds and experience have lead us to identify opportunities in these spaces both within Australia and New Zealand, but also the wider AsiaPacific region, which is where we focus our investing.

For now we wanted to say hello, and share some resources for those businesses wanting to connect with us.