Tech investor Michael Frazis unveils venture capital fund

·

Gen Y tech investor, Michael Frazis is pushing into venture capital investment after purchasing a 10 per cent stake in the software start-up, Caresquare.

According to AFR, Frazis – son of former Bank of Queensland boss George Frazis – has now invested around three quarters of $10 million raised from 65 high-net-worth investors and associates across 12 early-stage start-ups in the software, healthcare, and e-commerce spaces.

Joshua Suntup, the founder of NDIS software start-up Caresquare, and investor Michael Frazis.  Oscar Colman
Joshua Suntup, the founder of NDIS software start-up Caresquare, and investor Michael Frazis. Photo: Oscar Colman.

The University of Oxford graduate and investor located in Tamarama, Sydney, also operates the Frazis Capital fund, which invests in international equities with an emphasis on high-growth software enterprises, resulting in rollercoaster returns for investors due to the sector’s huge fluctuations.

“At the moment, I think the best opportunities in VC are at the company formation stage where we can take a meaningful stake as the first investor and structure favourable win/win deal terms, ideally after the first revenues and proof of commercial traction,” Frazis said.

“The latest artificial intelligence has also made coding more efficient. We can build MVPs [minimum viable products] at a fraction of the cost [of] a year ago.”

Source: AFR

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Kostas Sloukas praises Greek Australian fans as Panathinaikos arrive in Sydney

Panathinaikos BC touched down in Sydney this week for the second leg of the 7th Pavlos Giannakopoulos Tournament.

From family legacy to the Federal Court: A look into Justice Anastasis Liveris’ legal career

In an exclusive interview with The Greek Herald, the Greek Australian judge reflected on how he felt to achieve this major career milestone.

The Greek influence on Australian television

Among the many communities that helped shape TV culture were Greeks, whose presence both on and off screen left a lasting mark.

Critically endangered monk seal welcomes newborn on Karpathos island

The first Mediterranean monk seal (Monachus monachus) birth of 2025 has been confirmed on the island of Karpathos.

Campaigners celebrate as Milos luxury hotel project is halted

Environmental activists have welcomed the suspension of a controversial five-star hotel project on Milos’s world-famous “moon beach”.

You May Also Like

Overseas travel in early 2021 ‘challenging, not impossible,’ says Tourism Minister

Federal Tourism Minister, Simon Birmingham, says it's not impossible that international travel could be back on the cards next year.

Waverley Council releases plan for managing Bondi Beach during busy summer period

“Please, if our beaches or parks look busy, come back another time or use that time to visit our local businesses who need your support," Waverley Mayor Paula Masselos says.

Ambassador Spyrou visits proposed site of Kythera Migration Museum on Greek island

Australian Ambassador to Greece, Arthur Spyrou, has visited Kythera to attend a presentation of the future Kythera Migration Museum.