By Jason Georgatos and Karthi Sepulohniam, PFG Australia
Last month, Partners for Growth celebrated 16 years of doing business in Australia. We hosted an evening of networking and stimulating conversations at the Museum of Contemporary Art in Sydney. The event gathered key players in the Australian tech ecosystem, including founders, VCs, service providers, partners, and teammates – each has played an integral role in PFG’s story and success.
We gathered not to recount PFG’s achievements but to express our gratitude to the community for embracing PFG and integrating us into the growing technology success story that Australia has become. Australia’s tech ecosystem has produced exemplary technology companies, many founded with international ambitions from day one. The successful exits and ongoing impressive capital investment in Australian tech companies highlight the global capabilities of Australian businesses and their ability to expand beyond local markets. We see the local ecosystem fostering a dynamic blend of capital and entrepreneurial spirit that continually pushes the boundaries of innovation while still maintaining its unique “Aussie” style.
At PFG, we are lucky to have partnered with Australian entrepreneurs and innovators for the better part of the last two decades, supporting 78 companies with more than AUD 800 million deployed. But Australia isn’t just a market for PFG; it’s a home, including hosting our largest office outside of Silicon Valley. For our Sydney-based President, Jason Georgatos, it has truly become home, as his wife and kids are Australians, and they are slowly working on converting him. “After seven years here, I think they are getting close to succeeding!” said Jason. Beyond simple deal figures on a stat sheet, PFG’s impact resonates deeper. We pioneered a new type of debt financing for tech companies in Australia, addressing a critical growth capital need that has only expanded with the ecosystem.
To continue making history in Australia, we are working on new ideas and strategies to bring to the Australian market over the coming months and years. For example, we have been lucky that we were able to invest in some great startups when they were still young companies, and some of these companies grew and became substantial businesses over time. We continue looking for ways to support those companies as they grow. Beyond providing a fertile landscape for investments, we are fortunate to have support from Australian investors and former portfolio company founders who now continue their relationship with PFG as investors in our funds.
We want to thank our teammates, portfolio companies, partners, and the entire tech community that has welcomed PFG to grow alongside the impressive ecosystem we have seen develop in Australia. In the coming months, we will share additional stories that help demonstrate the remarkable growth journey of the Australian tech community.
On behalf of the entire PFG team, we thank you for an incredible 16 years!
Jason Georgatos and Karthi Sepulohniam