OIF Ventures is an Australian venture capital firm founded in 2016 by Geoff Levy, David Shein and Jerry Stesel, and based in Sydney. Its approach page states: "We typically invest at the Seed, Pre-Series A and Series A stages through our earlier stage funds. We also invest in companies at the Series B stage through our later stage fund." On sector it states: "We are sector and technology agnostic and look to invest in exceptional founders building companies in large markets with a competitive advantage and tailwinds", and separately: "We have invested in founders leading businesses in B2B SaaS, FinTech, digital marketplaces and even hardware across industries like cyber security, construction tech, HR tech, FinTech, defense and even a D2C digital-first cremation business." The sectors array above is drawn from that sentence and should be read alongside the firm's own agnostic statement rather than as a stated thesis restriction. On geography the firm says: "We will actively work with you to expand internationally, taking advantage of our strong US network", and describes actively working with founders to expand to the US and secure their next round of capital from US venture firms. The firm has raised four funds: three early-stage funds and a later-stage Opportunity Fund launched in 2023.
$500M+ (the homepage stat block reads "$500m+ / Assets / We manage over $500 million in assets"; the currency is not stated anywhere on the page - negative controls for "A$500 million" and "AUD" both returned not present - and the figure is undated. The firm is Australian but the currency is not asserted here) AUM68/100 Power Score™2016 FoundedSydney, Australia
B2B SoftwareSaaSFintechMarketplacesHardwareCybersecurityConstruction TechFuture of WorkDefense
Founded as Our Innovation Fund by Geoff Levy, David Shein and Jerry Stesel. Stesel's own bio on the firm's site: "Then in 2016, I was lucky enough to team up with Geoff Levy and David Shein to establish OIF Ventures."
2020
Second fund banks $60 million of a $75 million target in its first tranche, per the Australian Financial Review article of 4 August 2020 republished on the firm's site: "Local venture capital outfit Our Innovation Fund has closed the first tranche of capital for its second fund, banking $60 million from a mix of high net worth investors, family offices"; the same article says the first fund was $50 million.
2021
The business name "OIF Ventures" is registered on ABN 68 154 200 996 on 15 November 2021, per the Australian Business Register.
2022
Portfolio company Instaclustr is acquired by NASDAQ-listed NetApp for more than $500 million (April 2022). The AFR article republished on the firm's site states: "It is also a significant win for local investors such as OIF Ventures (formerly called Our Innovation Fund)."
2022
Fund III closes oversubscribed at $140 million in September 2022, above a $100 million target; Startup Daily reported Fund I at a 45 percent IRR and 3x net multiple and Fund II at an 89 percent net IRR.
2023
The OIF Ventures Opportunity Fund, a later-stage vehicle, raises $55 million in its first week against a $75 million target (July 2023). Instaclustr co-founder Peter Lilley joins the firm's investment committee.
2023
Kevin Wilson joins as Partner from Xero and Adam Goldschmidt joins as an investment analyst from UBS, per the firm's own BLAST OIF Edition VI newsletter dated 5 April 2023.