About BetterLabs
BetterLabs is a venture capital firm located in Perth, Australia. As of Feb 2025, BetterLabs has invested in 2 companies. It primarily invests in Series A round in Australia based startups. Its investments are spread across a wide range of sectors from Retail to Consumer and FinTech. Most recently it participated in the $***** Series A round of Upcover A lot of funds co-invest with BetterLabs, with names like RealVC sharing a substantial percentage of its portfolio. BetterLabs has team of 5 people including 2 partners.Key Metrics
Team Members
Portfolio Locations
Rounds of Entry
Series A
BetterLabs' List of All Investments
BetterLabs has a portfolio of 2 companies. Their most notable investments are in Upcover and The Volte.Their portfolio spans across and Australia. They have invested in Retail, Consumer, FinTech and 1 other sectors, across stages such as Series A stage. Here is the list of all investments by BetterLabs:
1. 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
2. The Volte
Online rental marketplace for women's designer apparel. It connects borrowers with a network of individuals, corporate rental boutiques, and designers. Users can select and rent designer dresses, maternity wear, handbags, and more.
Key facts about The Volte
- Founded Year: 2016
- Location: Perth (Australia)
- Stage: Series A
- Total Funding till date: $4.7M
- Employee Count: 20 as on Aug 31, 2026
- Investors: eBay, Springboard Enterprises and 4 Others
- Latest Funding Round: Series A, May 11, 2023, $*****
- Highlight: Editors' Pick
BetterLabs' Year-on-Year Investment Trends
BetterLabs has invested in Upcover in 2025 and The Volte in 2023. In 2025, it made 1 investment. Its most recent first time investment was in Upcover.BetterLabs' Investments by Stage
BetterLabs has made 2 investments in Series A stage with an average round size of $7.5M.BetterLabs' Investments by Sector
BetterLabs has a diverse portfolio, with companies operating in the Consumer, FinTech, InsurTech and Retail. Notably, it has invested in 2 Tech companies, 1 Consumer (B2C) company, 1 Enterprise (B2B) company and 1 company focusing on Marketplace.Sector | No. of Investments |
|---|---|
Consumer | 1 |
FinTech | 1 |
InsurTech | 1 |
Retail | 1 |
Note: We have considered here, only first round of investments
BetterLabs' Investments by Geography
BetterLabs has made most investments in Australia (2).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 |
|---|---|---|---|---|---|
Feb 10, 2025 | Australia | Series A | 5491 | [+2] | |
May 11, 2023 | Australia | Series A | 2965 |
Team profile of BetterLabs
BetterLabs has a team of 5 members including 2 Partners located in Australia. BetterLabs' team does not sit on the board of any company as of now.Co-investors of BetterLabs
Over the past 3 years, 7 investors have co-invested in BetterLabs's portfolio companies. This includes funds and angels.
- Invested before BetterLabs: BetterLabs, Antler and 1 other have invested in rounds before BetterLabs. There are 2 companies where BetterLabs has invested before BetterLabs and 1 company where Antler has invested before BetterLabs.
- Top Co-investors of BetterLabs: 4 investors entered a company along with BetterLabs. These include investors like RealVC (1 company).
