# H2 Ventures

H2 Ventures is a Venture Capital based in Sydney, Australia.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Sydney, Australia
- **Region:** Oceania
- **Address:** Sydney, NSW, Australia
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.h2.vc
- **LinkedIn:** https://linkedin.com/company/h2ventures
- **Wikidata:** Q55613166

## Regulatory record

- **Reports private funds:** No

## About

H2 Ventures is a venture capital firm based in Castlecrag, Australia. It invests in fintech, data, and artificial intelligence startups, primarily serving the financial services sector. The firm partners with founders, providing capital, networks, mentoring, and operational guidance.

## Sectors

- FinTech
- Energy Transition & Renewables
- AI/ML
- Digital Health
- ClimateTech
- Data & Analytics

## People

- Ben Heap — Co-Founder & Partner
- Toby Heap — Co-Founder & Partner

## Questions

### Who makes investment decisions at H2 Ventures?

Investment decisions sit with the founding partners, Ben Heap and Toby Heap. Both co-founders have been with the firm since its 2014 launch in Sydney and maintain active roles on the investment committee. In January 2024, H2 Ventures promoted Heidi Crabtree to Chief Operating Officer, adding operational bandwidth beneath the partner level as the portfolio has expanded.

### Does H2 Ventures invest outside of Australia?

Yes. While anchored in Sydney, the firm's portfolio spans Australia, New Zealand, and Southeast Asia, with one known position in the UK-based insurtech company Tractable. The investment thesis targets markets where digital infrastructure can replace legacy systems rapidly, which has led the team to evaluate opportunities across the broader Asia-Pacific corridor.

### How does the KPMG Fintech 100 relate to H2 Ventures' investment activity?

The H2 Ventures KPMG Fintech 100 is an annual ranking co-published with KPMG that identifies the world's leading fintech companies. It operates as both a thought-leadership platform and a sourcing engine — giving H2 Ventures early visibility into high-growth fintech startups globally, often years before they enter a formal fundraise. The ranking does not imply that H2 Ventures has invested in the companies listed.

### Which sectors does H2 Ventures target beyond fintech?

While fintech remains the firm's foundational sector, H2 Ventures has broadened into climate technology, digital health, artificial intelligence, and data and analytics. The common thread is capital-light, software-driven businesses operating in regulated or data-intensive industries where early technical risk is high but the reward for correctly underwriting it is substantial.

## Related profiles

- [H2O Venture Partners](https://altss.com/profile/h2o-venture-partners)
- [H9i Partners](https://altss.com/profile/h9i-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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