# NAB Ventures

NAB Ventures is a Venture Capital based in Melbourne, Australia.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Melbourne, Australia
- **Region:** Oceania
- **Address:** Melbourne, Victoria, Australia
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** nab.com.au
- **LinkedIn:** https://www.linkedin.com/company/nabventures

## Regulatory record

- **Reports private funds:** No

## About

National Australia Bank (NAB) began in 1858 as a bank in Australia. It provides loans, insurance and investment products. NAB maintains offices in Singapore and Hong Kong that serve individual and institutional clients.

## Sectors

- FinTech
- Enterprise Software
- PropTech
- Data & Analytics
- AgriTech & FoodTech
- Digital Health

## People

- Todd Forest — Managing Director
- Melissa Widner — General Partner

## Questions

### Who runs investment decisions at NAB Ventures?

Managing Director Todd Forest leads the investment team and is the primary decision-maker on new commitments. Forest was appointed at the unit's 2016 launch and brought experience from Microsoft and Australian media company ninemsn. General Partner Melissa Widner, a veteran of Silicon Valley venture capital and former CEO of Heads Over Heels, has also been part of the senior investment team since 2018.

### Does NAB Ventures participate in fund commitments or only direct deals?

The firm primarily makes direct equity investments in early and growth-stage companies. It does co-invest alongside other institutional venture funds and is known to lead and co-lead rounds. There is no public record of NAB Ventures acting as a limited partner in other venture funds.

### How does NAB Ventures source proprietary deal flow?

The firm leverages NAB's position as Australia's largest business bank to access deal flow through commercial banking relationships, fintech ecosystem networks, and co-investor relationships with other institutional venture firms. Todd Forest has publicly emphasized that the unit maintains its own sourcing network separate from NAB's corporate development team.

### Which sectors does NAB Ventures explicitly avoid?

NAB Ventures has not published a formal exclusion list. Observed investment activity concentrates on fintech, data and analytics, proptech, agritech, and digital health. There is no public record of investments in consumer social media, hardware, deep biotech, or defense technology.

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- [HSBC Asset Management](https://altss.com/profile/hsbc-asset-management)
- [Columbia Threadneedle](https://altss.com/profile/columbia-threadneedle)

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

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