Fund II · Raising / AU + SF / Est. 2020

We back emerging
founders when
others are afraid.

Pre-seed capital for emerging founders building new technology. We invest before you incorporate, write first cheques of A$200k–500k, and work alongside you through the messy early stretch — customer calls, hiring, the next round. Sydney, Melbourne and San Francisco.

Fund II
Active vintage
25
Fund I companies
AU · US · EU
Portfolio footprint
2020
Looking up since
Pre-incorporation
First cheque A$200–500k
SF arm · Live
Cold email → reply
Fund II open for pitches New: Isaacus (legal foundation models) — Sept 2025 25 companies backed in Fund I Relevance AI → A$37m Series B SF arm live We invest pre-incorporation Kite Magnetics → Series A First cheques A$200–500k, up to A$1m at seed Cold email → reply within 48h No associates. You pitch partners. Fund II open for pitches New: Isaacus (legal foundation models) — Sept 2025 25 companies backed in Fund I Relevance AI → A$37m Series B SF arm live We invest pre-incorporation Kite Magnetics → Series A First cheques A$200–500k, up to A$1m at seed Cold email → reply within 48h No associates. You pitch partners.
02 What we believe

Pre-seed is not a lottery ticket. It's a category. We're the firm treating it like one.

01 / Stage

Pre-seed, not almost pre-seed.

We invest when it's two people and a thesis. Pre-incorporation counts. No data room required. If you have revenue, you're probably too late for us.

02 / Geography

Australia to the world. Not the other way.

First AU fund to run a permanent SF arm. Your customers, your next round, your next hires — often overseas. We bridge the 14,000km so your cap table doesn't have to learn.

03 / Approach

We have a view. Not a spray-and-pray list.

Concentrated conviction in three founder archetypes. 20–25 investments per fund. If we pass, we'll tell you why — in a paragraph, not a template.

04 / Behaviour

Hands-on when it's messy. Gone when it isn't.

We participate in the fire-drills — customer calls, wages week, co-founder splits, hiring your first VP. We don't take board seats we can't add value from. No theatre.

05 / Posture

A firm. Not a platform.

We show up in the work — customer intros, recruiting, pricing, the pre-emptive round — not through a Slack channel or a demo day. Concentrated attention on a small number of companies, so our cheque signals quality to every Series A partner in Menlo Park.

03 / For founders

We know who we're looking for. You know if it's you.

Three archetypes. One prerequisite: you're formidable, you've earned an insight others haven't, and you can build the thing — not just sell it.

01 / Globally ambitious

The hungry generalist.

  • Young at heart, sense of urgency
  • Thinks everyone on Earth needs this
  • Global lens from day one
  • Push shit uphill, happily
Grace Brown Andromeda — humanoid robotics for aged care. Strong team, customers, capital efficient.
02 / Deep tech

The scientific commercialiser.

  • IP or novel tech needs a market
  • Researcher, scientist, technologist
  • Product-led, operationally involved
  • Often one of a few in the world who can build it
Richard Parsons Kite Magnetics — new electric motor for aviation, built on nanocrystalline material he co-invented.
03 / Zeitgeist

The domain native.

  • Vertical experience, about to reinvent it
  • Sees the rising tide early
  • Product acumen, earned insight
  • Experts violently disagree. They're right anyway.
Daniel Vassiliev Relevance AI — agentic workflows. Built mobile apps before. Now Series B at Sequoia.
04 / Companies

Four companies. One thesis.

We back emerging founders early — across AI, robotics, deeptech, marketplaces. Founder-led, not market-led. Here are four that tell the story.

"The AU venture stack is top-heavy and everyone knows it. Pre-seed got handed to unstructured angels. We're fixing that."
James Alexander · Co-Founder · General Partner · Sydney
05 / How to pitch us

Three weeks, max. Then a real answer.

The pre-seed market runs on gatekeeping, warm intros, and ghosting. That's the bar we're beating. Here's what happens the moment you send us something.

01
Day 0

You send us a deck.

Or a Loom. Or a one-pager. Or a cold email with a link to a working prototype. No warm intros required.

02
48 hrs

We reply.

Every pitch gets a response. If it's a no, we tell you why in plain English — not a template.

03
Week 1

Partner meeting.

One of three partners. Not an associate. Not a screener. 45 minutes, on Zoom or in person.

04
Week 2

We do the work.

Customer calls. Technical diligence. Reference calls with founders who've worked with us. You meet the rest of the team.

05
Week 3

Term sheet or clear no.

Standard SAFE or priced round. A$200k–500k at pre-seed, up to A$1m at seed. Follow-on reserved for pro-rata.

Our rule

Cold email is fine. Pre-incorporation is not too early. If the answer is no, you'll get it in writing with a reason. Nothing dies in a CRM.

Apply to get funded
06 / Notes

We write. Mostly arguments.

All notes →
New issue fortnightly
  • 1 Jan 2026
    Throughout 2025, our now beloved Founders Corner newsletter section featured candid conversations with our founders navigating the evolving landscape of AI, startups, and building meaningful companies. ‍From managing teams through crisis to understanding the hidden costs of founder life, these three
  • 1 Dec 2025
    We are excited to announce our $250,000 pre-seed investment in Bugster, who are building AI Powered End-to-End Testing & QA Automation for Enterprise. Bugster saw early on that the QA (Quality Assurance)needs of large scale enterprises and SMB's would be in need of agile and robust solutions to help
  • 1 Dec 2025
    The AI World in 20252025 ushered in the new industrial revolution—VC money everywhere, semiconductors treated like oil, and every government scrambling to regulate (or exploit) the AI build-out boom. The U.S. doubled down on “American Dynamism,” pouring billions into domestic chipmaking while Austra
  • 1 Sep 2025
    We're excited to announce our $250,000 pre-seed investment in Isaacus, co-leading their $700k round alongside Aura Ventures.The Legal Industry is in a phase of growing adoption and transformation due to AI. Isaacus saw the need to go deeper to build a model trained against a true corpus, the BlackSt
  • 14 Jul 2025
    Family offices are the quiet backbone of Australian venture. Here's how to allocate to VC — what to look for, what to avoid, and the honest questions we wish every LP asked before signing.

Get Galileo in your inbox.

Fortnightly notes on the shape of pre-seed in Australia — market views, investment announcements, founder playbooks. No filler.

07 / Team

Three partners. No associates.

You pitch the people who write the cheque. One in Sydney, one in Melbourne, one in San Francisco. We're a firm, not a fund — building brand Galileo, not individual personal brands.

James Alexander
James Alexander
Co-Founder · General Partner · SYD

Co-founded INCUBATE — one of Australia's first university-based student startup accelerators — across five campuses, 200+ startups. Co-founded Galileo in 2020 with the thesis that Australia needed a properly institutional pre-seed firm.

Julia French
Julia French
Partner · SYD/SF

Operator background at brand-name AU and US tech companies through multiple IPOs and exits — devrel, marketing, more. Leads deals across Australia and the US. Passionate about building strong communities and ecosystems — for LPs and for founders.

Hugh Stephens
Hugh Stephens
Co-Founder · General Partner · MEL

Galileo's clanker in chief. Co-founded Galileo in 2020 after bootstrapping Sked Social to A$6m+ ARR (BBC, Red Bull, Disney) with no venture money. Forbes 30 Under 30.

08 / For investors

First-round exposure to emerging founders.

Galileo Ventures Fund II gives investors diversified early exposure to exceptional emerging founders building new technology companies from Australia and beyond. Fund II is currently raising from HNW individuals, family offices and former founders.

Stage
Pre-seed
& Seed

First or second equity financing. Often before larger funds are ready.

Cheque size
A$200–500k

Pre-seed. Up to A$1m at seed where it fits.

Portfolio target
30–40

Diversified across AI, enterprise, climate, deeptech and critical tech.

Footprint
AU · US · EU

Core Australia/APAC, San Francisco arm live, portfolio expanding into Europe.

09 / The ask

Send us the thing.

Pre-incorporation is not too early. Cold email is fine. No warm intro required. We reply to every pitch.

A response, always / A reason, always / A partner, always