About BetterLabs
BetterLabs is a venture capital firm located in Perth, Australia. As of Jun 2024, BetterLabs has invested in 25 companies. It primarily invests in Seed round in Australia based startups. Its investments are spread across a wide range of sectors from Consumer to Retail and Enterprise Applications. Most recently it participated in the $***** Seed round of Loopit A lot of funds co-invest with BetterLabs, with names like Colin Morgan sharing a substantial percentage of its portfolio. BetterLabs has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Locations
Rounds of Entry
Seed & Series A
BetterLabs' List of Top Investments
BetterLabs has a portfolio of 25 companies. Their most notable investments are in WeMoney and Complete Home Filtration.Their portfolio spans across Australia and United States. They have invested in Consumer, Retail, Enterprise Applications and 24 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by BetterLabs:1. Power Ledger
Online platform offering energy trading solutions. It provides a transparent, auditable, and automated market trading and clearing mechanism for the sale of surplus renewable energy generated on-site at multi-unit, multi-tenanted residential, and commercial developments and at homes and businesses connected to microgrids and the distribution network.
Key facts about Power Ledger
- Founded Year: 2016
- Location: Perth (Australia)
- Stage: Seed
- Employee Count: 20 as on Aug 31, 2026
- Investors: 27th Street Capital, Shell and 17 Others
- Latest Funding Round: Seed, Jun 16, 2022, $*****
2. Upcover
Online comparison platform for business insurance. It offers solutions for products liability insurance, professional indemnity insurance, property damage, and more. It offers solutions for small businesses, startups & freelancers, online businesses & associations, and more. It also offers claims assistance solutions.
Key facts about Upcover
- Founded Year: 2019
- Location: Sydney (Australia)
- Stage: Series A
- Total Funding till date: $13.8M
- Employee Count: 50 as on Aug 31, 2026
- Investors: Gandel Invest, Tectonic and 7 Others
- Latest Funding Round: Series A, Feb 10, 2025, $*****
- Highlight: Editors' Pick
3. WeMoney
Developer of financial management solutions for consumers. It provides users with a solution for monitoring income and spending, expense tracking, savings management, credit score monitoring, credit reporting, bill payments, and more. Its application is available across Android and IOS devices.
Key facts about WeMoney
- Founded Year: 2020
- Location: Australia
- Stage: Series A
- Total Funding till date: $19.7M
- Employee Count: 22 as on Aug 31, 2026
- Investors: Mastercard, Dorado Capital and 13 Others
- Latest Funding Round: Series A, Apr 22, 2025, $*****
- Highlight: Editors' Pick
4. Loopit
Provider of software for vehicle rental, subscription, and fleet management. The platform enables operators to manage rentals, subscriptions, and leasing from a single system. It offers features such as customer verification, mileage tracking, and dynamic pricing. The software supports various industries, including automotive, dealerships, rental agencies, and fleet operators.
Key facts about Loopit
- Founded Year: 2020
- Location: Sydney (Australia)
- Annual Revenue: €0 - €1M as on Dec 31, 2024
- Stage: Seed
- Total Funding till date: $6.23M
- Employee Count: 13 as on Aug 31, 2026
- Investors: Tidal, Common Sense Ventures and 4 Others
- Latest Funding Round: Seed, Jun 21, 2024, $*****
- Highlight: Editors' Pick
5. Spacecubed
Provider of flexible workspaces, programs, and community for business success. It offers access to shared work environments, private offices, meeting rooms, and event spaces. The business delivers opportunities to help facilitate growth and accelerate ideas. It also provides partnership opportunities through programs.
Key facts about Spacecubed
- Founded Year: 2011
- Location: Perth (Australia)
- Stage: Seed
- Total Funding till date: $50K
- Employee Count: 10 - 49 as on Mar 01, 2026
- Investors: m15e ventures, BetterLabs and 1 Other
- Latest Funding Round: Grant (prize money), Jul 21, 2022, $*****
- Highlight: Editors' Pick
BetterLabs' Year-on-Year Investment Trends
BetterLabs has invested in 25 companies over the last 7 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Loopit.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 1 | 0 | 1 |
2020 | 2 | 0 | 2 |
2019 | 1 | 0 | 1 |
BetterLabs' Investments by Stage
BetterLabs has made 5 investments in Seed stage with an average round size of $2.61M and 1 investment in Series A stage with an average round size of $2.4M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 1 |
Note: We have considered here, only first round of investments
BetterLabs' Investments by Sector
BetterLabs has a diverse portfolio, with companies operating in the FinTech, Consumer, InsurTech, Retail and Auto Tech. Notably, it has invested in 19 Tech companies, 13 Consumer (B2C) companies, 10 Enterprise (B2B) companies and at least 6 companies focusing on Software.Sector | No. of Investments |
|---|---|
FinTech | 3 |
Consumer | 2 |
InsurTech | 2 |
Retail | 2 |
Auto Tech | 1 |
Others | 9 |
Note: We have considered here, only first round of investments
BetterLabs' Investments by Geography
BetterLabs has made most investments in Australia (5), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
Australia | 5 |
United States | 1 |
Note: We have considered here, only first round of investments
BetterLabs' recent investments
BetterLabs has not made any investment in 2026 so far.Here are the most recent investments by BetterLabs:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 21, 2024 | Australia | Seed | 7257 | [+3] | |
Jul 05, 2022 | Australia | Seed | 1616 | [+1] | |
Apr 05, 2021 | United States | Seed | 1360 | [+1] | |
Nov 11, 2020 | Australia | Series A | 2704 | ||
Sep 28, 2020 | Australia | Seed | 9930 | [+4] |
Team profile of BetterLabs
BetterLabs has a team of 4 members including 2 Partners and 1 Principal located in Australia. BetterLabs' team does not sit on the board of any company as of now.Here is a list of all team members in BetterLabs:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Perth | - | ||
Partner | Perth | - | ||
Principal | Perth | - | - |
Co-investors of BetterLabs
Over the past 7 years, 28 investors have co-invested in BetterLabs's portfolio companies. This includes funds and angels.
- Invested before BetterLabs: Antler, Tidal and 2 others have invested in rounds before BetterLabs. There is 1 company where Antler has invested before BetterLabs and 1 company where Tidal has invested before BetterLabs.
- Top Co-investors of BetterLabs: 12 investors entered a company along with BetterLabs. These include investors like Colin Morgan (1 company).
- Invested after BetterLabs: A total of 12 investors have invested in BetterLabs's portfolio after their investments. Top Investors include BetterLabs (2 companies), RealVC (1 company) and Gandel Invest (1 company).
Recent News related to BetterLabs
•
UpCover Secures $19 Million as It Ramps Up Challenge to Australia’s Analog Incumbents in the Commercial Insurance SectorFintech Finance•Feb 10, 2025•Upcover, RealVC, Antler, BetterLabs and 2 others
•
Luxury dress sharing platform The Volte raises $4 million in Series A led by eBay VenturesSmartCompany•May 19, 2023•The Volte, eBay, BetterLabs
•
Waffle Raises $5M Seed Funding for All-In-One Insurance SolutionIireporter•May 24, 2021•Waffle Labs, Verve Ventures, BetterLabs, Techstars and 1 other
•
Australian Fintech WeMoney Secures $2 Million in Seed Funding to Launch Financial Wellness PlatformCrowdfund Insider•Sep 28, 2020•WebMoney Transfer, BetterLabs, RAC, Full Circle and 4 others
•
