H2 Ventures files prospectus with ASIC to launch fintech investment portfolio ‘H2Ocean’

H2 Ventures, an Australia-based fintech accelerator, has established H2Ocean as a listed venture company to invest in a diversified global portfolio of early and growth stage financial technology companies.

The company aims to raise between $27,500,000 and $55,000,000 to deliver capital growth to investors over the medium to long term, and provide an investment alternative to traditional equities through a diversified portfolio of typically privately held Fintech Ventures.

The prospectus has been lodged with the Australian Securities and Investment Commission (ASIC). The company is also seeking ASX listing and within seven days of the date of the prospectus (August 30), the company will apply to the ASX for listing of the company and quotation of the Securities on ASX.

“The Company is seeking to raise a minimum of $27,500,000 and a maximum of $55,000,000 under the Offer (before the exercise of any Options) through the issue of 25,000,000 to 50,000,000 Shares… and to obtain a listing on the ASX. The Company additionally reserves the right to accept additional subscriptions for Shares and Options to raise up to an additional $55,000,000 (before the exercise of any Options) over the Maximum Subscription”, co-founders Ben and Tony Heap wrote in a letter to prospective investors.

They said that the company will typically invest in ventures that have completed an accelerator or incubator programme and it will invest on a matched basis, meaning alongside other professional investors. 

"H2Ocean Shareholders will gain investment exposure to early and growth stage Fintech Ventures that would otherwise be difficult to access while the H2Ocean investment portfolio may also provide a hedge against traditional bank and insurance investments that are at risk of digital disruption," they said.

The co-founders said that with over 30 years of experience with respect to financial services, they are well positioned to understand the risks involved in this form of early and growth stage investing.

“We are passionate about the opportunities that are presented by founders and entrepreneurs and we believe that H2Ocean will be a valuable partner for these individuals’ as they build the businesses that will shape the financial services sector of tomorrow”, they added.