Startmate Accelerator Investment Terms 101

At Startmate we like to keep it simple without hooks or surprises. For the Startmate Accelerator we invest AUD $120,000 with the following investment terms:

• Founders who have not previously raised: At a AUD $1.5m post-money valuation cap.
• Founders who have previously raised capital: We match the terms and valuation from their previous round. You must have already raised AUD $250,000 or more from VC or angel investors. During the selection process you'll need to provide signed documents.

You get to choose whether we invest via our template SAFE, or in your priced equity round.

Super straightforward.

Requirements

To be selected for the Startmate Accelerator, at least one of your co-founders needs to be working on the startup full time. We only commit if you're committed. As we are currently focussed on investing in founders based in ANZ, at least one founder must be based in Australia or New Zealand.

That's why we invest $120,000: so you can focus 100% on solving the problem and moving the metrics that matter, week on week.

How we match valuations

As mentioned above, Startmate is able to match the valuation of your last raise.

There are a couple of conditions that need to be met for Startmate to match the valuation of your last raise:

• You need to have raised at least AUD $250,000 from VC or angel investors (i.e. not friends or family).
• The investment needs to be completely finalised (i.e. executed documents) prior to you being invited for interviews.

Note: We will ask for executed investment documents (i.e. a SAFE / Subscription Agreement / Term Sheet) as part of the selection process to confirm the above.