In early 2018, Folklore invested in the $24M Series A round for Ansarada, an Australian SaaS platform managing critical business and governance data for thousands of corporate customers around the world. It was an opportunity for Folklore to back a global market leader in virtual data rooms, and an early mover product in the emerging world of highly secure material information governance that went beyond what Dropbox could provide, but without the incumbent issues caused by an SAP.
Underpinning our investment was the opportunity to partner with Ansarada’s extraordinary founders, Sam Riley, Rachel Riley and Andrew Slavin, on their path to building a global market leader.
Over that time, we have been steadfast believers in Ansarada’s long-rage opportunity, and the company’s vision and mission. We have also seen Sam’s ability as a CEO up close, and believe he is one of the great culture-focused CEO’s amongst Australia’s tech ecosystem. We remain inspired by the open, resilient and positive culture that Sam has built.
Today, we are thrilled that Ansarada has listed on the ASX through its strategic acquisition of TheDocyard, another Australian transaction management company.
This union — the Ansarada Group — is our first investee listing for a Folklore fund investment, and brings together the most advanced technologies around flexible and secure material information governance available to corporates.
Ansarada’s story began in 2005, with the founders building out their vision and early platform with $30K in seed capital. Through tenacity and laser-focused discipline, the founders have scaled a company that has facilitated over 23k transactions, captured 15+ years of transaction data (now informing powerful AI capabilities), and supports 1.2 million users from the world’s leading corporates, investment banks and advisory firms.
In an age where company operations are increasingly decentralised and information is a priceless asset, Ansarada has emerged as the trusted information governance solution delivering productivity, efficiency and compliance to a market that lacks any real innovation.
Ansarada’s listing on the ASX provides it with a huge opportunity to accelerate its scale globally, and further solidify its market position as a customer-obsessed organisation delivering critical outcomes for businesses.
At Tempus, our conviction in the team, their vision, and growth trajectory remain steadfast, and we are a material holder of the company having converted our investment into the listing. In addition to backing an exceptional founding team, we are proud to have our Investment Committee member, David Pullini, serving as a director and steward of the company alongside Peter James (Chairman) who has a stellar track record and strong relationship with Folklore.
Ansarada is emerging as a true Australian tech success story that will be celebrated for years to come, and we couldn’t be prouder to continue on the journey with Sam, Rachel and Andrew.
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