Fund 1 (EVF1)
Eastend Ventures Fund 1 is South Australia's first and only unconditionally registered ESVCLP, investing in B2B technology companies across SA, WA and QLD. Fundraising has closed — EVF1 is no longer accepting new investors. The record below is why the next vehicle won't wait long.
The fund in detail
At a glance
- Mandate
- B2B technology companies across angel, early and growth stages, based in South Australia, Western Australia, Queensland, and selectively in other Australian locations outside Sydney and Melbourne.
- Investment Portfolio
- Approximately 30 companies, diversified across stage and sector.
- Minimum commitment
- $250,000 (Limited Partner), $1,000,000 (Co-investment eligibility).
- Alignment
- Aligned to realised outcomes. Performance fees earned only on investor distributions.
- Tax treatment
- As an ESVCLP, investors benefit from capital gains tax free returns (up to $250 million per company) and up to 10% tax offsets — see below for further details.
- Fee Structure
- “2 & 20” (2% pa management fee, 20% carry).
- Capital Calls
- 15% of an investor commitment was called upfront, with further instalments of up to 15% of commitment every six months through the deployment period. Calls to date total 55% of commitments; as at August 2026, the next call is not due until February 2027. Investors who joined after the first close also paid a pro-rata cost of capital catch-up of 8% per annum on capital already called.
- Terms
- Full terms, capital call mechanics, and risk factors set out in the Information Memorandum.
Fundraising for Fund 1 has closed
EVF1 is no longer accepting new investors, and its Information Memorandum is no longer being distributed. Existing investors will find reporting and capital call documentation in the investor portal. Missed the fund? Syndicates are the live door into the portfolio, and the next vehicle will move quickly.
What is an ESVCLP?
The Early Stage Venture Capital Limited Partnership (ESVCLP) regime is an Australian government program designed to encourage investment in innovative early-stage businesses. Funds that register as ESVCLPs and meet ongoing eligibility requirements offer meaningful tax benefits to their investors. The regime is administered by AusIndustry and the Australian Taxation Office under the Venture Capital Act 2002 (Cth).
What it means for investors
Subject to each investor's circumstances and to the Fund maintaining its registration:
- Tax free income and capital gains from eligible investments for Australian investors. Subject to a minimum 12-month holding period, and partial exemption where the investee company's assets exceed $250 million (with a proposed increase to $420 million in 2027).
- A non-refundable carry-forward tax offset of up to 10% of eligible contributions for Australian investors.
- Foreign tax withholding exemption for eligible international investors.
The full detail of how ESVCLP tax benefits apply, and the conditions attached, are set out by the ATO. Tax treatment depends on individual circumstances. Independent tax advice should be obtained before investing.
Fund 1 is closed
The next one won't wait
Wholesale and sophisticated investors only
All Eastend investment opportunities are available exclusively to wholesale and sophisticated investors as defined under sections 761G and 761GA of the Corporations Act 2001 (Cth). Investors will be asked to confirm their eligibility before receiving any product-specific information.
If you are unsure whether you qualify as a wholesale or sophisticated investor, please consult your accountant or financial advisor.
Institutions exploring a dedicated fund of their own are covered by the separate wholesale-client eligibility described on the Institutions page.
Investments in early-stage venture capital are illiquid and carry a significant risk of partial or total loss of capital. Past performance is not a reliable indicator of future performance. ESVCLP tax concessions are conditional on the Fund's continued registration under the Venture Capital Act 2002 (Cth) and on each investor's individual circumstances. Eastend Ventures does not provide tax advice; independent tax and financial advice should be obtained before investing.
This page contains general information only and is not personal financial product advice. It does not take into account any individual's objectives, financial situation or needs. Full terms and risk factors for Fund 1 are set out in the Information Memorandum, which is provided to eligible investors on request.
Eastend Ventures Pty Ltd (ACN 671 466 032) is a corporate authorised representative (CAR 1307191) of Virtca Capital Pty Ltd (ACN 662 327 693, AFSL 549964).