36. Tractor Ventures

Revenue: $3.75 million
Founders: Jodie Imam, Matt Allen, Aprill Enright
Head office: Brunswick East, VIC
Year founded: 2020
Employees: 18
Industry: Financial services
Website: tractorventures.com

How Tractor Ventures started

Tractor Ventures is a leading provider of strategic alternative-capital funding to technology-enabled companies in Australia and New Zealand. 

While venture capital has served some, the majority remain excluded from traditional bank lending systems. Tractor Ventures fills this gap with its proprietary loan-securitisation platform, Harvo, which assesses the credit and risk of tech companies seeking capital. This, in turn, enables them to access funds based on their individual business performance – without diluting equity or personal-asset collateral.

Growth

Supporting founders and businesses has been a core goal since day one. And despite Tractor Ventures’ incredible growth to date, it hasn’t strayed from that vision. Co-founder Jodie Imam says the company’s aim is to support sustainable growth, catering to bootstrapped businesses and those seeking debt alongside equity.

Having already distributed approximately $50 million to more than 130 companies, with an average loan size of $380,000, Tractor Ventures is rapidly scaling, with ambitions to inject more than $1 billion into the ecosystem within the next five years. This growth is a response to the unmet need for financing options for technology companies.

Where to next

In addition to deploying more than $1 billion within the next five years, offering non-dilutive debt funding for short to medium-term impact, Tractor Ventures plans to launch an equity fund to support companies with between $2 million and $10 million in annual recurring revenue.

This initiative will enable businesses to grow with revenue, free from undue expectations, and foster more efficient, sustainable expansion.

Disclosure: Tractor Ventures co-founder Jodie Imam is a board member of Private Media, which owns SmartCompany.