Backing Australia & New Zealand’s earliest AI rebels. Funding the people and tech reshaping life itself.
Pioneer in AI Investment with Impact
The Empress Tree is the fastest growing tree in nature
A fitting symbol for the pace we aspire to with the next wave of AI founders.
We partner early with Australia and New Zealand’s most ambitious AI-first startups, giving them the capital, connections and conviction to scale faster than the market thinks possible.
AI is reshaping every industry. Done right, it lifts humanity up. That’s why we bet on teams building technology that expands human potential - plain and simple.
The result? Exceptional growth, real-world impact, and a forest of category-defining companies.
An entrepreneurial team with deep expertise
Yash Varma
Founder & Partner
Yash Varma
Founder & Partner
I'm the global citizen who turned a UTS scholarship into a 20+ year journey building Spaarks from a Sydney startup into a multi-continental software consultancy serving Deutsche Bank, Philips, and hundreds of thousands of corporate users across London, Glasgow, and Canberra - before selling it to back Australia's next generation of AI builders.
Why talk to me
- Global perspective, local roots - I've lived and worked across Australia, UK, and Switzerland, giving me deep insight into both local innovation and global markets. I understand what it takes to scale from Sydney to the world because I've done it.
- Been in the founder trenches - 20+ years building enterprise software taught me every lesson the hard way. From first customer to exit, I know the brutal realities of scaling technology companies and the resilience required to survive and thrive.
- Performance obsessed - As a certified high performance coach, I don't just invest money - I invest in people. I help founders and teams build the mental frameworks and cultural foundations that separate the companies that merely survive from those that dominate.
- Proven picker - My angel investments have delivered 10x returns because I don't just spot trends; I identify the exceptional founders who turn possibilities into reality.
At Empress Capital, I have studied AI at Stanford whilst backing the audacious teams using artificial intelligence to solve humanity's biggest challenges. We target the intersection of breakthrough technology and genuine impact - companies that don't just automate the present, but create entirely new futures.
I live by three words: Love, Joy, Contribute. Whether it's leading charity work with Room to Read or mentoring the next wave of founders, I believe great businesses are built on great values.
Dror Ben-Naim
Chief AI Investment Strategist
Dror Ben-Naim
Chief AI Investment Strategist
I'm the physics-kid-turned-founder who took a UNSW research project, called it Smart Sparrow, and rode it all the way to a Pearson acquisition. Now I put that same blend of AI brains, product design, and relentless hustle to work for the next wave of Australian builders.
Why talk to me
- Been there - raised multiple VC rounds, opened a San Fran office, hired (and fired), survived pivots, and sold the company. I've seen enough potholes to help you dodge a few.
- I shoot straight - radical candor, no BS. If problems don't get named - they can't get fixed.
- Detail tragic - I love nerding out. Whether it's token-level architecture or the copy on your onboarding email, I'll dive to pixel depth because God - and winning - is in the details.
At Empress Capital I lead our AI investment thesis: spotting teams that fuse code, design, and commercial grit, then backing them with capital plus hands-on product and storytelling help.
If you're building something audacious and useful, let's chat.
Darren Heathcote
Venture Partner
Darren Heathcote
Venture Partner
Darren is a seasoned entrepreneur, investor, and startup advisor with more than a decade of experience in the tech industry. Throughout his career, he has developed a keen interest in the rapidly-evolving fields of Artificial Intelligence (AI) and Machine Learning (ML), and their profound impact on society.
As an experienced entrepreneur, Darren has a deep understanding of the challenges faced by startups in this space. He has advised numerous early-stage companies on their product development and go-to-market strategies, and has invested in several promising AI and ML startups.
Darren's expertise and passion for AI and ML make him a valuable resource for any startup looking to leverage these technologies to disrupt the healthcare industry and improve patient outcomes. His vision for a healthier, more connected world through AI is both inspiring and actionable, and he is committed to helping others achieve that vision as well.
Stuart Cook
Venture Partner
Stuart Cook
Venture Partner
Stuart is a World Economic Forum Young Global Leader and an Australian Young CEO of The Year. Stuart has invested in over 30 businesses, led capital raises, and has been an advisor, board member and mentor to numerous startups, charities and businesses. Founder TWIYO Capital & Advisory.
Tim Baker
Trustee and Compliance
Tim Baker
Trustee and Compliance
For the past 20 years, Tim has worked in financial markets, establishing and operating hedge funds, superannuation funds and managing risk within investment banking trading businesses in the UK, Asia and Australia. Tim manages Salus Ventures’ compliance and fund administration. He has a Bachelor of Commerce from Curtin University and additional qualifications from the University of Western Australia and the Australian Institute of Company Directors.
David Baxby
Advisory Board
David Baxby
Advisory Board
David Baxby has significant global leadership experience across investment banking, private equity, and corporate management. He began his career as a Partner at Goldman Sachs, co-heading the consumer and industrials investment banking division in Australia. David then spent over a decade with the Virgin Group, where he rose to Co-CEO in Geneva, overseeing branded investing activities worldwide and serving on the boards of Virgin Australia, Virgin America, Virgin Atlantic, and Virgin Money.
He later became CEO of Global Blue in Switzerland and Managing Director of Wesfarmers Industrials Division, leading several of Australia’s largest industrial businesses. Today, David is Co-Founder of Coogee Capital, an investor and advisor to growth-stage companies, and serves as Chancellor of Bond University and Non-Executive Director at Washington H. Soul Pattinson. He also chairs WorkPac, one of Australia’s largest workforce providers, and has held multiple board and chair roles across technology, aviation, and financial services.
Prabhat Sethi
Advisory Board
Prabhat Sethi
Advisory Board
Prabhat Sethi is the Chairman of Archistar.ai, a leading Australian proptech company using AI and generative design to transform property planning and development. He is also the former Managing Director of Murdoch Media and Regional Head at a leading management consulting firm, bringing deep expertise in strategy, media, and large-scale business management.
Beyond Archistar, Prabhat has served as Executive Chairman of Global Blue and sits on multiple corporate boards across the U.S., Singapore, Australia, and India. An active angel investor and advisor, including with Empress Capital, he has managed operations and executed transactions in more than 20 countries worldwide, with a career spanning governance, investment, and international growth.
An entrepreneurial team with deep expertise
We go hard, stay fair, and keep learning, partnering with founders to build transformative companies, delivering lasting value.
Support beyong funding
Business Development
Corporate Introductions - Strategy development - Virtual CFO / CTO - Help with scaling up - International expansion
Investor Network
Leverage our LP network to help portfolio companies with more than money Key introductions for growth
Mentoring, Coaching, & Team Building
Certified High Performance Coaching - Help founders and team to focus and productivity -Key hires - Team structures - Culture development
FAQ
What kind of companies do we invest in?
At Empress Capital we back early stage Australian and New Zealand Artificial Intelligence Companies. Our primary focus is on Pre-Seed and Seed stage investments with the view of supporting those companies to flourish not just at this stage. We will also invest in small number later stage companies where we believe there is opportunity.
What do we look for in our founders?
We look for passionate founders who have a growth mindset and understand why they are building their products. We look for founders and teams to be honest , values driven and understand what they don’t know.
What stage do we invest in?
Our primary focus is on Pre-Seed and Seed stage and we do invest in companies pre revenue with sound business models. We plan to support our superstar companies across multiple rounds. We will also invest in small number later stage companies where we believe there is opportunity.
When should I get in touch
As we invest in early stages of company growth we are always interested in talking to founders early in their journey. We believe in partnering long term so even if now is not the right time we always want to help. Why not get in touch with us.
Who can invest in the Empress Capital Artificial Intelligence Fund?
The Empress Capital Australian and New Zealand Artificial Intelligence Fund is open to suitable sophisticated investors or wholesale investors only.