Tractor Ventures solves a hard problem: how do you fund a growing product company without ruining it in the process?
There are two traditional options for founders, either raise venture capital, with the corresponding obligations for unnatural growth rates; or deal with all of the constraints imposed by bootstraping the business without outside capital.
Co-founders Aprill & Matt Allen and Jodie Imam realised that there is a ripe middle ground. Not every startup is a rocketship that can achive supersonic growth, but often the overlooked “tractors” are great companies. They just want quick and easy capital and a bit of guidance to unlock their potential, without massively diluting their equity in the process.
Tractor Ventures itself is built by founders, for founders. Jodie’s focus on customers, Aprill’s focus on operations and Matt’s background as a successful tech founder has permeated throughout the organisation. Capital efficiency and effectiveness is baked into their DNA.
The numbers speak for themselves. In 2023 Tractor was named the Fastest Growing Fintech and the 11th Fastest Growing Startup in The Australian Financial Review Fast100 list. Ironically Tractor Ventures is itself a rocket ship!
We are excited to be one of the earliest and largest investors in Tractor, both in Australia and New Zealand. Already hundreds of companies have taken advantage of non-dilutive working capital to grow their teams, invest in new technology or coordinate new marketing campaigns, and they are only just getting starterd. Watch this space…