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Fundraising is one of the hardest and most stressful stages of running a company. It takes time and energy away from what you really want to be doing.
We deeply respect your time and we want you to get started as soon as possible.
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We’ve pulled together everything you need to know about Kaul Ventures, how we invest, what we invest in, and how to raise money from us.

Our Investment Process

Every time we make an investment it’s slightly different, but this is the general process you can expect.

We get your pitch deck.

You might be introduced to us directly, or you share your initial pitch deck directly with us here - no warm intro required! Either way, we’ll take a look at your deck and let you know what we thought within a week. Not sure what an initial pitch deck should include? Here’s an example from Nick.

An initial chat.

If we’d like to hear more about your idea, one of our investment team members who is most passionate about what you’re doing will get in touch to learn more based on the initial deck you supplied. The conversation is always friendly, but you should expect you'll be challenged on a few things, usually related to what we look for in founders. This is your chance to interview Kaul Ventures as well. Ask any questions you have - and don’t be shy about pushing us either!

We move forward (or not).

The investor you met will discuss your startup with the rest of the team at our weekly investment meeting. Whether we are keen to move forward or not, you’ll hear back from the lead investor pretty quickly. This is also when our version of due diligence starts, and you’ll start to work with your partner on pitching to the full investing team. Not sure what this longer pitch deck should include? Sam has a handy guide here.

You pitch our investment team.

You’ll pitch most or all of our investing team, who will have heard a bit about you from the lead investor in advance in the form of our investment writeup. These writeups generally include why the lead investor believes your startup will become a generational company. So our team will come excited, curious and ready to learn from you! You can pitch virtually or come into one of our offices to present, but as our investment team is split across Australia and New Zealand, some of us will be dialling in regardless. You’ll present your deck first, followed by some questions from the Investment Team.

We make a decision.

After the meeting, your lead investor will collate any other key questions we have into a single document. Once these and any other questions are answered, we’ll hold an investment committee meeting, review all of the above and reach a final decision. One of our values is that founders come first, so we work hard to make any required due diligence fast, seamless and helpful. The best fundraisers often create a ‘data room’ so that investors can preemptively answer key questions about your business - LegalVision have a good explainer here. If we are not going to invest, we want to tell you no quickly and also tell you the key reasons that contributed to our decision.

Term sheet time.

The opposite of a no is a yes! Now we start working on a term sheet for you. We try to work from standard docs as much as we can to make it quick for you and minimise pain, time and lawyers in the future. If you accept the term sheet we then move forward with our legal due diligence - this is just the information we need to wire the money. Once this is complete, you’ll receive a money transfer soon after for the agreed capital. We can also introduce you to like-minded investors around the world and locally who have co-invested with us in the past if it’s something you need.

Welcome to the community!

Once the docs are done we begin onboarding you and your team into our Kaul Ventures community and the magic really starts happening. You’ll meet other founders, get support from our Founder Success team on common startup challenges like talent, hiring and PR, and be invited to take part in our Founder Academy, a program designed to help you build the foundations for a great business and build connections with other Kaul Ventures founders.

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