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EVP Update // March 2023

March 20, 2023

These updates are part of our Monthly Update Newsletter. To receive these updates directly in your inbox, please subscribe to our newsletter here.‍

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// EVP_Origins: Silvia Pfeiffer, Co-founder & CEO at Coviu_

Silvia is the Founder and CEO of Coviu, a telehealth software company that has helped thousands of healthcare businesses offer their patients advanced virtual care.

Before building Coviu, Silvia was a pioneer in the field of web video solutions, where she co-edited the standards that made video a prime citizen of the Web, underpinning the likes of Netflix and YouTube.

Silvia has a PhD in computer science and a Masters in business management. She has over 20 years of experience working with Google, Firefox, NICTA, and CSIRO on online video technology and is recognised as an expert at the intersection of health and technology.

In the latest EVP_Origins interview, Silvia shares stories, insights and lessons, spanning her own origin story in Germany, through to how she came to build Australia’s leading telehealth software company.

{ Watch Silvia’s Interview }

‍


// Collapse of SVB_

The collapse last week of Silicon Valley Bank (SVB) sent shockwaves through the venture capital and technology sectors. SVB was the 16th largest bank in the United States. Its failure marked the second largest banking collapse in US history. SVB was a key banking partner to the venture capital and startup sectors, and its collapse left many thousands of companies unable to access their funds.
‍

In a sign of the potential ramifications, the US government, via its Federal Deposit Insurance Corporation (FDIC), moved quickly to guarantee the security of all cash on deposit and to ensure that all clients of SVB would recover their funds in full.

A number of EVP companies had a US banking relationship with SVB. Whilst cash will be recovered in full under the FDIC guarantee, the bank’s collapse caused significant disruption for several businesses who relied on SVB for payroll processing and for receipt of customer payments. All have acted quickly to establish new banking arrangements and to communicate updated payment arrangements to their customers.  
‍

The collapse of SVB will have ongoing repercussions across the US technology ecosystem. For now, the direct impact on the EVP portfolio is minor.

‍

// Recent EVP Investments_

Mutinex_

Mutinex has developed an AI based marketing analytics platform, used by large marketing teams to optimise the allocation of their marketing spend. EVP led the company’s $5m funding round with an investment of $3.4m.
‍

Nexl_

Nexl is a relationship intelligence platform for legal firms. The Nexl product helps lawyers manage client relationships and optimise revenue opportunities. EVP led the company’s funding round with an investment of $2m.

‍

// Latest Insights_

ClearCalcs Investment Notes_

We’re proud to have completed a follow-on investment into ClearCalcs. ClearCalcs is a platform used by structural engineers and architects to perform complex calculations for the design of residential and commercial buildings.

ClearCalcs continues to deliver exceptional early growth as it builds customer numbers across Australia, Europe and the US. EVP’s Mark Velik explains why it was an easy decision to continue to support the ClearCalcs team.

{ Read Notes }

‍

‍

Talent_OS Blog_

Fergus Gillanders is an Account Manager who recently transitioned into a Product Manager role at Ignition, an Australian-founded, global startup providing a client engagement and commerce platform for professional services businesses, with a focus on the accounting sector.

As a part of our talent series focused on operators in our portfolio, we had the pleasure of sitting down with Fergus to learn more about his experience as an Account Manager & Product Manager at Ignition.

{ Read Blog }

‍

// In Case You Missed It_

‍

‍Looking for a new opportunity?_

Over 100 opportunities are currently available across the EVP Portfolio:

‍
// EVP Updates_

  • The EVP team welcomed Evelyn Zhang as an investment analyst. Evelyn joins us from Strategy& and will support the investment team with origination and portfolio support.
  • We were proud to be recognised on the Astral Ventures VC Leaderboard as the second most “Founder Friendly” VC (as voted by Founders). Congratulations to Blackbird who took first place.
  • EVP Investment Manager Britt Bloom will be speaking at Startup&Angels on Thursday 23rd March at 5pm. Register here to meet her in person.
  • We held our first team offsite in the NSW Southern Highlands last month. We spent much of our time working through our origination strategy, with the aim of ensuring that we remain the investor of choice for Australia’s best emerging B2B software companies. We stayed at a 1920s hotel, so of course that came with a 1920s themed dinner!


// Portfolio Wins_

These updates are part of our Monthly Update Newsletter. To receive these updates directly in your inbox, please subscribe to our newsletter here.‍

****
‍

// EVP_Origins: Silvia Pfeiffer, Co-founder & CEO at Coviu_

Silvia is the Founder and CEO of Coviu, a telehealth software company that has helped thousands of healthcare businesses offer their patients advanced virtual care.

Before building Coviu, Silvia was a pioneer in the field of web video solutions, where she co-edited the standards that made video a prime citizen of the Web, underpinning the likes of Netflix and YouTube.

Silvia has a PhD in computer science and a Masters in business management. She has over 20 years of experience working with Google, Firefox, NICTA, and CSIRO on online video technology and is recognised as an expert at the intersection of health and technology.

In the latest EVP_Origins interview, Silvia shares stories, insights and lessons, spanning her own origin story in Germany, through to how she came to build Australia’s leading telehealth software company.

{ Watch Silvia’s Interview }

‍


// Collapse of SVB_

The collapse last week of Silicon Valley Bank (SVB) sent shockwaves through the venture capital and technology sectors. SVB was the 16th largest bank in the United States. Its failure marked the second largest banking collapse in US history. SVB was a key banking partner to the venture capital and startup sectors, and its collapse left many thousands of companies unable to access their funds.
‍

In a sign of the potential ramifications, the US government, via its Federal Deposit Insurance Corporation (FDIC), moved quickly to guarantee the security of all cash on deposit and to ensure that all clients of SVB would recover their funds in full.

A number of EVP companies had a US banking relationship with SVB. Whilst cash will be recovered in full under the FDIC guarantee, the bank’s collapse caused significant disruption for several businesses who relied on SVB for payroll processing and for receipt of customer payments. All have acted quickly to establish new banking arrangements and to communicate updated payment arrangements to their customers.  
‍

The collapse of SVB will have ongoing repercussions across the US technology ecosystem. For now, the direct impact on the EVP portfolio is minor.

‍

// Recent EVP Investments_

Mutinex_

Mutinex has developed an AI based marketing analytics platform, used by large marketing teams to optimise the allocation of their marketing spend. EVP led the company’s $5m funding round with an investment of $3.4m.
‍

Nexl_

Nexl is a relationship intelligence platform for legal firms. The Nexl product helps lawyers manage client relationships and optimise revenue opportunities. EVP led the company’s funding round with an investment of $2m.

‍

// Latest Insights_

ClearCalcs Investment Notes_

We’re proud to have completed a follow-on investment into ClearCalcs. ClearCalcs is a platform used by structural engineers and architects to perform complex calculations for the design of residential and commercial buildings.

ClearCalcs continues to deliver exceptional early growth as it builds customer numbers across Australia, Europe and the US. EVP’s Mark Velik explains why it was an easy decision to continue to support the ClearCalcs team.

{ Read Notes }

‍

‍

Talent_OS Blog_

Fergus Gillanders is an Account Manager who recently transitioned into a Product Manager role at Ignition, an Australian-founded, global startup providing a client engagement and commerce platform for professional services businesses, with a focus on the accounting sector.

As a part of our talent series focused on operators in our portfolio, we had the pleasure of sitting down with Fergus to learn more about his experience as an Account Manager & Product Manager at Ignition.

{ Read Blog }

‍

// In Case You Missed It_

‍

‍Looking for a new opportunity?_

Over 100 opportunities are currently available across the EVP Portfolio:

‍
// EVP Updates_

  • The EVP team welcomed Evelyn Zhang as an investment analyst. Evelyn joins us from Strategy& and will support the investment team with origination and portfolio support.
  • We were proud to be recognised on the Astral Ventures VC Leaderboard as the second most “Founder Friendly” VC (as voted by Founders). Congratulations to Blackbird who took first place.
  • EVP Investment Manager Britt Bloom will be speaking at Startup&Angels on Thursday 23rd March at 5pm. Register here to meet her in person.
  • We held our first team offsite in the NSW Southern Highlands last month. We spent much of our time working through our origination strategy, with the aim of ensuring that we remain the investor of choice for Australia’s best emerging B2B software companies. We stayed at a 1920s hotel, so of course that came with a 1920s themed dinner!


// Portfolio Wins_