TLDR:
- Michael Frazis launches venture capital fund Ace Ventures, with NDIS tech among first investments
- Frazis invests in software start-up Caresquare, which is profitable in helping NDIS managers improve efficiency
Gen Y tech investor Michael Frazis has entered the venture capital investment space by acquiring a 10% stake in software start-up Caresquare, which focuses on improving efficiency for National Disability Insurance Scheme (NDIS) managers. Frazis has raised $10 million from 65 high-net-worth individuals for investments in early-stage start-ups within the software, healthcare, and e-commerce industries.
With a strong background in technology and investing, Frazis is leveraging his expertise to support innovative companies in key sectors. Caresquare’s profitability and impact on NDIS operations showcase the potential for tech solutions in the healthcare space, which is a focus area for Ace Ventures.
This move signifies Frazis’ commitment to investing in cutting-edge technologies with the potential to drive meaningful change and improve efficiencies across various industries. The success of Ace Ventures and its investments could have a significant impact on the venture capital landscape, especially within the fields of software, healthcare, and e-commerce.
