Telstra Ventures has changed its name to Titanium Ventures, reflecting the continued evolution of Telstra Ventures’ relationship with Telstra since its successful spin-out in 2018 and Telstra’s strategic decision to explore selling its current investments in Telstra Ventures’ funds as part of its focus on capital discipline and active portfolio management.
The firm’s team and investment thesis remain the same. Titanium Ventures will continue to identify and scale the most promising companies across a variety of AI, digital and software sectors by complementing its strong, experienced team with proprietary Data Science insights and its Revenue Acceleration platform. The firm, which has almost US$1B funds under management, has invested in 99 portfolio companies during which there have been 12 IPOs, 17 unicorns, 42 liquidity events which have returned US$678M cash to investors.
“Our journey over the past 13 years has been remarkable and this is a significant milestone for us as we approach 100 investments in our portfolio,” said Mark Sherman, San Francisco-based Managing Partner. “We are grateful for Telstra’s support since our inception in 2011. Our new brand is a natural progression as the team has been operating as an independent, global VC firm since 2018. Today we have more than 50 LPs and we have refined our identity and what we represent. We look forward to continuing to work with Telstra on a commercial basis to generate more revenue for our portfolio companies. It’s business as usual.”
“Consistent with our focus on capital discipline and active portfolio management, we are exploring options to sell our current investments in Telstra Ventures’ funds. We believe that through the relationships we have fostered over the years, we can continue working together and Telstra will be able to access leading edge technologies in the portfolio companies of Titanium Ventures.”
Mr. Koertge added, “This is an exciting next chapter in our story. Titanium Ventures will accelerate the extraordinary, fueling the growth of standout disruptors, that’s what we have done for over a decade and that’s what our investors and founders expect us to do in the decades to come."
