“ANZ’s independent venture capital and innovation partner, backing the next generation of technology companies.”
1835i is an independent venture capital and innovation partner that works with ANZ to back, build and scale early-stage technology companies.
Through its venture funds including 1835i Ventures Trust I, II and III and the 1835i Creation Fund it invests in founders solving meaningful problems in financial services and beyond.
Beyond capital, 1835i partners closely with the companies it backs, bringing the networks, expertise and long-term perspective ambitious startups need to grow.
1835i is focused on creating enduring value for founders, investors and the broader innovation ecosystem.
What we did for 1835i
- Built a Long-Term Incentive (LTI) financial model that calculates LTI, distributions and carried interest across four fund entities (Ventures Trust I, II, III and the Creation Fund).
- Engineered the full distribution waterfall — return of paid capital, preferred-return (IRR) hurdle, then carried-interest splits ranging from 80/20 to 95/5 — on a compounding, actual-days basis.
- Wired the model to import transactions and balances directly from Xero as the single source of truth, with final investment valuations reconciled to the independent Deloitte valuation report.
- Built to best-practice management and financial control standards (transparent assumptions, error and validation checks, fully traceable logic) using Power Query, VBA and dynamic arrays with post-build support for ANZ bank queries plus ongoing FY accounts and tax compliance.
- Saved the group $150k in annual bookkeeping and accounting costs through automation and analysis.
Unfortunately the ANZ group decided to wind up the Venture capital business and we were retained to assist in this wind down.
