Acorn Capital

Acorn Capital Limited is a privately owned investment manager based in Melbourne, Australia, established in 1998. The firm specializes in managing investments for high net worth individuals and institutional investors, focusing on the public and private equity markets in Australia. Acorn Capital primarily targets microcap companies, employing a research-driven investment process that utilizes quantitative, qualitative, and fundamental analysis to identify opportunities. The firm invests in both primary and secondary equity placements across various stages of development, capitalizing on inefficiencies in the microcap sector, where information and liquidity are often limited. Through its in-house research, Acorn Capital aims to build a diversified portfolio that seeks to deliver strong returns for its clients while avoiding investments in the real estate sector.

Ben Dalling

Investment Director and Portfolio Manager, Financials and Industrials

Norman Pao

Managing Director and Chief Investment Officer

Reece Puklowski

Dealer and Portfolio Analyst

Robert Routley

CEO and Head of Private Markets

Andrew Burt

Investment Director

Past deals in Australia

Genero

Funding Round in 2024
Genero Media Pty Ltd operates a cloud-based software platform designed to connect brands and agencies with a global network of creative professionals to facilitate video content creation and production. Founded in 2008 and headquartered in St Kilda, Australia, Genero offers a streamlined end-to-end workflow that enhances the efficiency of the video production process, replacing outdated manual methods. The platform supports clients throughout the entire production journey, from initial brief and creative ideation to final production and storage. By leveraging access to a vast pool of creative talent, Genero enables organizations to improve their content creation capabilities while ensuring high standards of speed, cost-effectiveness, and quality.

mx51

Series B in 2022
mx51 is a Sydney-based company founded in 2016 by Magnus Hsu that specializes in payment solutions for businesses. The company provides a payments as a service platform, utilizing bank-grade technology to enhance merchant experiences. By partnering with acquirers and payment providers, mx51 facilitates seamless connections between point-of-sale systems and electronic funds transfers, thereby improving the speed and ease of financial transactions. Its scalable cloud-based technology aims to support businesses in navigating the complexities of the global market, enabling them to thrive in an ever-evolving commerce landscape.

Marketplacer

Venture Round in 2021
Marketplacer Pty Ltd is an Australian company established in 2012, specializing in online marketplace software designed to facilitate the creation of marketplaces for products, services, events, and bookings. Based in South Melbourne, Marketplacer's platform streamlines various functions, including seller management, order management, advertising management, returns, categorization, and logistics. It supports businesses in expanding their product and category offerings rapidly while providing valuable data insights to enhance customer experiences. The scalable nature of the platform allows it to serve a diverse range of marketplaces across the United States, Europe, and Australasia, enabling businesses to efficiently manage dropshipping, returns, and fulfillment across multiple storefronts. Marketplacer aims to simplify marketplace creation, allowing users to concentrate on community engagement and growth.

Elenium Automation

Venture Round in 2021
Elenium Automation Pty Ltd specializes in developing and supplying self-service and automation technologies tailored for the airline and airport sectors. The company offers a range of products, including portable kiosks, baggage tagging stations, retrofit bag drop systems utilizing camera technology for tag reading, and self-boarding gates equipped with facial or iris detection systems. Additionally, Elenium provides portable devices that enhance mobility in airports and offsite locations like hotels and train stations. To further support its clients, the company delivers a comprehensive self-service software stack for airports and airlines, alongside various technology services such as project management, 24/7 support and monitoring, field services, consulting, and custom software development. Established in 2009, Elenium Automation is headquartered in Tullamarine, Australia, with an additional office located in Chennai, India.

mx51

Series A in 2021
mx51 is a Sydney-based company founded in 2016 by Magnus Hsu that specializes in payment solutions for businesses. The company provides a payments as a service platform, utilizing bank-grade technology to enhance merchant experiences. By partnering with acquirers and payment providers, mx51 facilitates seamless connections between point-of-sale systems and electronic funds transfers, thereby improving the speed and ease of financial transactions. Its scalable cloud-based technology aims to support businesses in navigating the complexities of the global market, enabling them to thrive in an ever-evolving commerce landscape.

Marketplacer

Venture Round in 2020
Marketplacer Pty Ltd is an Australian company established in 2012, specializing in online marketplace software designed to facilitate the creation of marketplaces for products, services, events, and bookings. Based in South Melbourne, Marketplacer's platform streamlines various functions, including seller management, order management, advertising management, returns, categorization, and logistics. It supports businesses in expanding their product and category offerings rapidly while providing valuable data insights to enhance customer experiences. The scalable nature of the platform allows it to serve a diverse range of marketplaces across the United States, Europe, and Australasia, enabling businesses to efficiently manage dropshipping, returns, and fulfillment across multiple storefronts. Marketplacer aims to simplify marketplace creation, allowing users to concentrate on community engagement and growth.

Splend

Convertible Note in 2020
Splend Pty Ltd is a car rental company based in Sydney, Australia, that provides vehicles specifically for on-demand rideshare and delivery services, including Uber and UberEATS. Founded in 2015, Splend addresses the needs of individuals who may not have access to suitable vehicles for driving gigs. The company offers flexible rental and rent-to-own options, catering to a diverse clientele, including students, retirees, and single parents. In addition to vehicle access, Splend provides training, support, and data analytics to help drivers optimize their earnings and improve safety. By fostering a community among drivers, Splend aims to create a sustainable and rewarding environment for those seeking to earn an income through driving. Its services empower individuals to achieve their goals, whether that means becoming their own boss or owning a new car.

Moula

Series D in 2019
Moula is a loan service company based in Australia that specializes in providing financing solutions to small and medium enterprises (SMEs) to facilitate their growth. Utilizing a proprietary lending platform, Moula makes data-driven lending decisions by analyzing a business's banking and accounting data. The application process is streamlined, taking only 10 minutes, with approvals typically granted within 24 hours. The company combines advanced algorithms with human interaction to understand and meet the unique needs of each business. Moula emphasizes transparency in its pricing and maintains responsible lending practices. Its customer-centric approach has earned it a top ranking in the Non-Bank Finance category on Trustpilot. By offering flexible financing options, including interest-free periods, Moula aims to simplify the borrowing process for SMEs, helping them to enhance production and quality.

Marketplacer

Venture Round in 2019
Marketplacer Pty Ltd is an Australian company established in 2012, specializing in online marketplace software designed to facilitate the creation of marketplaces for products, services, events, and bookings. Based in South Melbourne, Marketplacer's platform streamlines various functions, including seller management, order management, advertising management, returns, categorization, and logistics. It supports businesses in expanding their product and category offerings rapidly while providing valuable data insights to enhance customer experiences. The scalable nature of the platform allows it to serve a diverse range of marketplaces across the United States, Europe, and Australasia, enabling businesses to efficiently manage dropshipping, returns, and fulfillment across multiple storefronts. Marketplacer aims to simplify marketplace creation, allowing users to concentrate on community engagement and growth.

Elenium Automation

Series A in 2019
Elenium Automation Pty Ltd specializes in developing and supplying self-service and automation technologies tailored for the airline and airport sectors. The company offers a range of products, including portable kiosks, baggage tagging stations, retrofit bag drop systems utilizing camera technology for tag reading, and self-boarding gates equipped with facial or iris detection systems. Additionally, Elenium provides portable devices that enhance mobility in airports and offsite locations like hotels and train stations. To further support its clients, the company delivers a comprehensive self-service software stack for airports and airlines, alongside various technology services such as project management, 24/7 support and monitoring, field services, consulting, and custom software development. Established in 2009, Elenium Automation is headquartered in Tullamarine, Australia, with an additional office located in Chennai, India.

Redbubble

Venture Round in 2015
Redbubble is an online art community and marketplace that features stationery, apparel, wall art, cases and skins, housewares, and bags made by artists worldwide. It also operates a blog with creative production tips tutorials, interviews, and more. Redbubble was launched by Martin Hosking, Peter Styles, and Paul Vanzella in 2006 and its operations are based in Melbourne, Australia.
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