The Australian telecom firm’s VC affiliate changed its name to reflect its independent identity since spinning out in 2018.
Image of managing partner Mark Sherman courtesy of Titanium Ventures (formerly Telstra Ventures).
Telstra Ventures, formerly Australian telecommunications firm Telstra’s corporate venture capital arm, has been renamed to Titanium Ventures.
The group was formed in 2011 as Telstra Ventures and spun out seven years after the launch. The rebranding reflects the new relationship with Telstra and the corporate’s plans to sell its portfolio in the former CVC unit.
The group has nearly $1bn under management across three funds, logging 99 portfolio companies, 12 IPOs, 17 unicorns and a $678m return. Titanium Ventures will continue to invest in the same sectors of AI, digital and software.
“Our new brand is a natural progression as the team has been operating as an independent, global VC firm since 2018,” managing partner Mark Sherman said.
“Today we have more than 50 limited partners and we have refined our identity and what we represent. We look forward to continuing to work with Telstra on a commercial basis to generate more revenue for our portfolio companies. It’s business as usual.”
