Introduction Our mission through this startup accelerator fund is to spur innovation in critical sectors that impact our future and make Earth sustainable for future generations.
Our IoT & Smart City accelerator is the exclusive test bed partner for Songdo, South Korea’s $35 billion smart city built from the ground up.
Our Cultiv8 accelerator is an exclusive partner with the Government of New South Wales’ Department of Primary Industries for our agtech, foodtech and sustainability accelerator. We have unmatched resources for our startups to trial new innovations, such as access to over 13,000 hectares (32,123 acres) of experimental farm land and 25 world-class research stations (i.e. fisheries, water, biosecurity, food safety) in Australia.
SparkLabs is one of the largest innovation ecosystem builders in the world, and has a superb track record as venture capital investors.
Strategy / Model Standard startup accelerator model. 80% / 20% carried interest split between LPs and GPs. 50% of capital raised goes to operating expenses (covering 3 to 5 years of operations).
Market Early-stage startups in the IoT & Smart City space and AgTech, FoodTech and Sustainability startups.
Return Profile Our first startup accelerator currently is up 689% with a NAV of 335%. We expect healthy returns for two accelerator funds.
Track Record We have invested in over 160 companies across all of our fund entities and across 6 continents. Some of our companies are Andela who closed their $40 million Series C in 2017, Lyft closed $1 billion from Alphabet’s CapitalG at a $11 billion valuation in 2017, Deserve’s (formerly Selfscore) $12M Series B led by Accel, 88Rising’s $5M Series A led by WPP along with Horizons & Blue Pool in 2017, and Memebox, which closed $126 million total in their Series C at the end of 2016.
**Investment Opportunity ** Pure security token representing an investor’s rights and interests in these two accelerator funds.
Purpose of Capital Raise To cover accelerator program and operations, and invest into participating startup companies.
Risks Accelerator and seed stage investments are the riskiest stage of investment within venture capital. These are the earliest stage of company formation with the highest rate of failure.