Rampersand

Rampersand is one of Australia and New Zealand's longest-running seed specialists, backing ambitious ANZ-born founders from inception through seed — wherever in the world they've planted the flag. The firm writes first cheques of $250K–$2.5M, leads or co-leads, and holds 50–60% in reserves for follow-on, staying close for a decade. Investment is concentrated in three conviction shapes: vertical AI rebuilding entire industries from the inside, hard tech where software meets atoms (quantum, robotics, spatial computing, life sciences), and horizontal AI agents rewriting how the core work of every business gets done. Rampersand applies its proprietary 'What Do We Need To Believe' (WDWNTB) framework to every deal, targeting 8–15% ownership at entry and backing only a handful of companies from the ~2,000 it reviews each year.