Scalare Partners acquires Inhouse Ventures for AUD $1.3m

Scalare Partners has announced the acquisition of Inhouse Ventures, a platform designed to aid technology companies in their growth and development.

Founded by Elliot Spiegel in June 2022, Inhouse Ventures has quickly established itself as a key player in assisting technology founders through pivotal stages of their business journey, offering bespoke scaling, fundraising, and business development solutions. Scalare Partners initially acquired a 20.7% stake in Inhouse Ventures in November 2023 and will now assume full ownership with the completion of this transaction.

Inhouse Ventures plays a crucial role in the Australian startup ecosystem as a digital marketplace connecting early-stage technology companies with potential investors. This service aims to assist these companies in obtaining the funding for their growth strategies. Currently, Scalare Partners does not offer this service. With Inhouse Ventures under its wing, the company can extend such services to existing clients and new entrants within the Australian tech landscape.

Carolyn Breeze, CEO of Scalare Partners, commented, "This acquisition represents an exciting step forward for Scalare. Inhouse Ventures has built an impressive platform that aligns perfectly with our mission of supporting technology founders at every stage of their journey. We look forward to working with Elliot and the IHV team to drive greater impact in the startup ecosystem."

Elliot Spiegel, CEO and Founder of Inhouse Ventures, will continue to lead the company following the acquisition and integrate into the Scalare group. Spiegel remarked, "Joining forces with Scalare Partners is a natural evolution for Inhouse Ventures. Our platform and services complement Scalare's mission, and together we will be able to offer even greater support to founders looking to scale their businesses. I'm thrilled to continue leading IHV and look forward to what we can achieve together."

The acquisition, structured with an upfront cash payment of AUD $233,331 and the issue of AUD $1,066,646 in escrowed ordinary shares, is anticipated to be EBITDA and cash-flow positive, bolstering Scalare's financials.

This transaction is part of Scalare's larger strategic initiative, marking its third acquisition following the acquisition of Australian Technologies Competition and Tech Ready Women. These steps form part of Scalare's commitment to expanding its ecosystem of offerings for early-stage technology companies. The company plans to continue exploring further acquisitions to enhance its portfolio, adhering to strict due diligence and strategic alignment criteria to ensure sustainable growth and synergy.

Scalare's acquisition criteria emphasise the integration of businesses that show strategic alignment, robust brand presence, financial health, and cultural fit. Retention of a company's CEO or founder, such as with Inhouse Ventures, is another key factor.

This acquisition will be completed within five days, contingent upon standard conditions, and aims to broaden Scalare's service offerings and attract more clientele within the burgeoning technology sector.