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BetterLabs
BetterLabs operates as the corporate venture arm of RAC WA with a focus on early-stage investments in Western Australia.
BetterLabs
BetterLabs is an early-stage venture capital fund and venture studio based in Perth, Australia. Backed by RAC the fund invests in technology and opportunities that impact next-generation insurance, clean technology, mobility, work and money. The studio creates ventures to solve challenges in these domains and we also invest in them.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Oceania
Country
Australia
City
Perth
Corporate office
Perth, WA, Australia
Principals
James Edwards
CEO
Sector focus
Frequently asked questions
Who runs investment decisions at BetterLabs?
James Edwards serves as CEO and oversees the investment program in his concurrent role as General Manager of Strategic Innovation at RAC WA.
How is BetterLabs related to RAC WA?
BetterLabs functions as the corporate venture arm and strategic innovation unit of the Royal Automobile Club of Western Australia.
What stages does BetterLabs target?
The firm focuses exclusively on early-stage seed and startup investments.
Does BetterLabs co-invest with external parties?
BetterLabs maintains co-investment relationships with Purpose Ventures, the firm established by its former fund manager Derek Gerrard.
Where does BetterLabs source deals?
Deal flow centers on the Western Australian ecosystem through participation in Insurtech Australia and sponsorship of West Tech Fest.
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