WHAT IS STARTMATE?
Startmate invests in great Australian founders who are on a mission to be the best in the world.
Startmate is powered by its mentors - successful startup founders who invest their own time and money in each batch. The mentors have extensive experience growing successful tech businesses such as Atlassian co-founders, Mike Cannon-Brookes and Scott Farquhar.
Over 200 startups from across the country apply to be a part of each batch and 30 of these are shortlisted for interviews. Of these, we select the best 10-15.
We offer $75,000 cash for 7.5% equity. For startups that have raised more than $250,000, we will match the terms of the last round of funding.
Naval Ravikant, co-founder of AngelList, ranks Startmate alongside Y Combinator and Techstars as one of the top five accelerators in the world. The Economist listed Startmate as one of the top accelerators in the world based on follow-on funding for alumni.
Startmate is Australia's leading startup accelerator, running in both Sydney and Melbourne. Since our inception, we have invested in 73 startups.