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Kylie Frazer and Rachael Neumann form Flying Fox angel syndicate to invest $5 million a year into Aussie startups

Angel investors Rachael Neumann and Kylie Frazer have launched Flying Fox Ventures to deploy $5 million into early-stage startups each year.
flying fox
Flying Fox Ventures founders Rachael Neumann and Kylie Frazer. Source: supplied.

Experienced angel investors Rachael Neumann and Kylie Frazer have launched Flying Fox Ventures, offering a new model of investment syndicate in Australia, and deploying $5 million into early-stage startups each year.

Neumann is the founder of Working Theory Angels, as well as being a former chair of StartupAus, a managing director of Eventbrite and head of startups for Australia and New Zealand at AWS.

Frazer is a co-founder and partner of Eleanor Ventures, and a startup advisor, Startmate mentor and lawyer.

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