Telstra Ventures Rebrands to Titanium Ventures
June 24 2024 - 10:07AM
Business Wire
“Accelerating Extraordinary”
Telstra Ventures announced today that it has changed its name to
Titanium Ventures. The new brand reflects the continued evolution
of Telstra Ventures’ relationship with Telstra since its successful
spin-out in 2018 and Telstra’s strategic decision to explore
selling its current investments in Telstra Ventures’ funds as part
of its focus on capital discipline and active portfolio
management.
The firm’s team and investment thesis remain the same. Titanium
Ventures will continue to identify and scale the most promising
companies across a variety of AI, digital and software sectors by
complementing its strong, experienced team with proprietary Data
Science insights and its Revenue Acceleration platform. The firm,
which has almost US$1B funds under management, has invested in 99
portfolio companies during which there have been 12 IPOs, 17
unicorns, 42 liquidity events which have returned US$678M cash to
investors.
“Our journey over the past 13 years has been remarkable and this
is a significant milestone for us as we approach 100 investments in
our portfolio,” said Mark Sherman, San Francisco-based Managing
Partner. “We are grateful for Telstra’s support since our inception
in 2011. Our new brand is a natural progression as the team has
been operating as an independent, global VC firm since 2018. Today
we have more than 50 LPs and we have refined our identity and what
we represent. We look forward to continuing to work with Telstra on
a commercial basis to generate more revenue for our portfolio
companies. It’s business as usual.”
Just as titanium is a strong and durable element used in cutting
edge applications, the metal best represents the firm’s unique
approach to investing as they look towards successful and enduring
innovative companies across a range of sectors, using Data Science
to help discover that potential and then leveraging its Revenue
Acceleration program to help investments grow throughout all types
of environments. Since the firm’s inception, it has generated more
than US$580M of revenue for its portfolio companies across 1,600
enterprise customers via 20 channel partners.
“This is a proud moment in our evolution, allowing us to
communicate our differentiated venture model to drive revenue
growth for our portfolio companies and returns for our LPs,” said
Matthew Koertge, Sydney-based Managing Partner. “We chose Titanium
Ventures because it best represents who we are and who we want to
be - a firm that backs very strong, resilient entrepreneurs who
resist cracking under pressure. Titanium has the highest durability
and strength-to-weight ratio of any metal in the world and like the
leaders we invest in, we punch way above our weight,” he said.
Telstra CFO Michael Ackland said Telstra was proud of the role
it had played in setting Titanium Ventures up for future success
and valued the relationships it had built with the firm’s team and
portfolio companies over the last decade.
“The new brand reflects the independent strength and
capabilities of the team and the trust that they have earned from a
range of global institutional investors,” Mr. Ackland said.
“Consistent with our focus on capital discipline and active
portfolio management, we are exploring options to sell our current
investments in Telstra Ventures’ funds. We believe that through the
relationships we have fostered over the years, we can continue
working together and Telstra will be able to access leading edge
technologies in the portfolio companies of Titanium Ventures.”
Mr. Koertge added, “This is an exciting next chapter in our
story. Titanium Ventures will accelerate the extraordinary, fueling
the growth of standout disruptors, that’s what we have done for
over a decade and that’s what our investors and founders expect us
to do in the decades to come.”
ABOUT TITANIUM VENTURES
Titanium Ventures Accelerates the Extraordinary – we fuel the
growth of standout disruptors. In our thirteen years, we have taken
minority investment positions in 99 investments, have generated 42
liquidity events including Auth0, BigCommerce, Box, CrowdStrike,
DocuSign, GitLab, OpenGov, Snap, and Whispir. To date, the Revenue
Acceleration Platform has driven US$580M+ in revenue for its
portfolio companies, extending their reach across Australia, Asia,
U.S. and the UK. In 2022, the firm announced the close of its third
fund, bringing Funds Under Management to US$1B. To see Titanium
Ventures’ full portfolio and learn more, visit www.ti.vc.
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Kristen Grossi talkTECH Kristen@talktechcomm.com