Investors / Australia / Transition Level Investments
Transition Level Investments
Venture capital · Australia · Asia Pacific
Transition Level Investments is an Australian investment company that backs early stage technology startups and connects investors with screened early stage deals. It began in 2012 as the investment vehicle for Steve Baxter, with Stewart Glynn becoming a partner in 2018.
In its own wordsearly stagetechnologystartupsangel investingseed
Your fit with Transition Level Investments
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsTransition Level Investments lists 27 checked portfolio companies on its own site. Its largest themes are AI & Machine Learning (13%), Education (13%) and Healthcare & Biotech (11%). 80% of its companies are based in Australia. It invests most often alongside TEN13, Airtree and Black Sheep Capital.
No funding round on record names Transition Level Investments yet, so the figures come from its portfolio page.
Round figures show recent activity, not Transition Level Investments' whole history. Rounds on record name 0 companies; its own site lists 27. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 13% | 18% |
| Education | 13% | 7% |
| Healthcare & Biotech | 11% | 15% |
| Space & Defense | 9% | 3% |
| E-commerce & Marketplaces | 9% | 6% |
| Enterprise Software | 9% | 8% |
| Fintech | 6% | 12% |
| Industrial & Manufacturing | 6% | 7% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| TEN13 | 3 |
| Airtree | 2 |
| Black Sheep Capital | 2 |
| Capitoria | 2 |
| FundersClub | 2 |
| SoftBank Vision Fund | 2 |
| 137 Ventures | 1 |
| 99 Startups | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 64th | 27 companies |
| Recent activity | 46th | 0 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 0th | 13% in its largest sector |
| Reach | 58th | 3 countries |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers2281%
- No longer answers00%
- Points to another company519%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare Transition Level Investments head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Portfolio
27 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Arkose Labs provides a platform to decide which AI agents to trust and stop fraud | CybersecurityFintech | Portfolio page | ||
| Atomo Diagnostics develops and manufactures rapid diagnostic testing devices | Healthcare & Biotech | Portfolio page | ||
| The company enables rapid development of intelligent apps and agentic systems by integrating and orchestrating data across different systems to create a single view of enterprise operations. | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Chipper Cash provides financial services including payments, investing, and money transfers | FintechE-commerce & Marketplaces | Portfolio page | ||
| Clipchamp provides an online video editor with various tools and features for creating and editing videos. | Media & EntertainmentEducation | Portfolio page | ||
FintechSpace & Defense | Portfolio page | |||
Healthcare & Biotech | Portfolio page | |||
| Floodmapp provides real-time flood forecasting and intelligence services. | Climate & EnergyAI & Machine Learning | Portfolio page | ||
EducationSpace & Defense | Portfolio page | |||
| Go1 provides an AI-powered learning and development solution for employee training | EducationAI & Machine Learning | Portfolio page | ||
| IncoDocs provides import and export resources and tools for international trade | EducationE-commerce & Marketplaces | Portfolio page | ||
Enterprise SoftwareLegal & Compliance | Portfolio page | |||
EducationHuman Resources | Portfolio page | |||
| Kapiche analyzes customer conversations using AI to provide customer intelligence for companies. | AI & Machine LearningSpace & Defense | Portfolio page | ||
| Maxwell Plus develops a method of prostate cancer diagnosis using deep learning and medical imaging | Healthcare & Biotech | Portfolio page | ||
| Notiv develops an AI-powered meeting recorder and notetaker for teams | AI & Machine LearningSpace & Defense | Portfolio page | ||
| OrionVM provides cloud infrastructure and related services | Industrial & ManufacturingIndustrial & Manufacturing | Portfolio page | ||
| The company creates personalized video and rich media experiences for customers using artificial intelligence and machine learning. | AI & Machine LearningMedia & Entertainment | Portfolio page | ||
| The company provides transportation services, including motorcycle and car rentals with drivers, as well as taxi services, through their mobile app. | Mobility & LogisticsReal Estate & Construction | Portfolio page | ||
| The company sells first aid kits and other medical supplies online | Healthcare & BiotechE-commerce & Marketplaces | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- transitionlevel.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Companies checked
- 27
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
Get Transition Level Investments' profile as data
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