TLDR:
- Telstra Ventures, the VC affiliate of Australian telecom firm Telstra, has rebranded to Titanium Ventures.
- Since spinning out in 2018, the group has nearly $1bn under management, 99 portfolio companies, 12 IPOs, 17 unicorns, and a $678m return.
After spinning out from Australian telecommunications firm Telstra in 2018, Telstra Ventures has rebranded to Titanium Ventures. The new name reflects the group’s independent identity and its plans to sell its portfolio from the former CVC unit. Managing partner Mark Sherman stated that the team has been operating as an independent global VC firm since 2018 and looks forward to continuing to work with Telstra on a commercial basis to generate revenue for portfolio companies. Titanium Ventures has nearly $1bn under management across three funds, with 99 portfolio companies, 12 IPOs, 17 unicorns, and a $678m return. The group will continue to invest in sectors such as AI, digital, and software.
