SEEK Investments

SEEK Investments

SEEK Investments formed as the dedicated growth-equity arm of ASX-listed SEEK Limited, the company Andrew Bassat and his brother Paul built from a Melbourne garage into one of the world’s largest employment marketplaces. While Paul left to co-found Square Peg Capital, Andrew stayed with the parent company through 2021, then transitioned from CEO of SEEK Limited to Executive Chairman and CEO of the investment vehicle. The firm operates from the same Cremorne headquarters as the listed entity, drawing on two decades of operator experience in matching talent with employers. The SEEK Growth Fund is the firm’s sole investment vehicle, targeting tech-enabled companies across three domains: HR SaaS, education, and contingent labour. It writes growth-stage equity cheques globally, looking for businesses with sustainable unit economics, structural tailwinds, and founder teams that want an active strategic partner rather than passive capital. The fund’s portfolio is organised under Work and Learning banners, with known positions spanning workforce management, upskilling platforms, and staffing marketplaces. The firm co-invests selectively alongside Australian venture managers including Blackbird Ventures — the two backed workplace-safety platform Sonder together — and will commit across North America, Asia-Pacific, and Europe. The investment team is lean, listing fifteen professionals across investment, operations, and portfolio support. Andrew Bassat leads the group alongside three Managing Directors: Jason Lenga, a former Operating Partner at Tiger Global who ran SEEK’s international division; Michael Ilczynski, the ex-CEO of Redbubble who previously led SEEK Asia-Pacific and Americas; and Damien Wodak, a former BCG Managing Director with both listed-company and private-equity operating experience. The team maintains SEEK’s deep links to Australian professional networks — Bassat is president of the St Kilda Football Club — but no separate philanthropic foundation or real-estate arm has been publicly disclosed. What distinguishes SEEK Investments structurally is its single-theme constraint. Unlike most growth platforms that broaden their mandate over time, the firm remains tightly coupled to the employment and learning ecosystems its parent company already dominates — giving it sourcing advantages, operator credibility with founders, and a natural path to strategic value-add that a generalist fund cannot replicate. The absence of outside limited partners means deployment pace and hold periods are not dictated by fund-life pressures, a posture Andrew Bassat has reinforced by running the vehicle personally rather than delegating to hired-gun fund managers.