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Divergent Capital

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Divergent Capital

Profile:

Divergent Capital is primarily focused on early-stage Information, Communications and Technology and (ICT) businesses. In assessing investment opportunities, Divergent Capital will take into account many tangible and intangible factors that drive the risk and reward of each deal. We encourage potential applicants to consider these factors and how they apply to your business when you approach Divergent Capital.

Overview:

Since its beginnings Divergent has invested approximately $10M into 15 companies. Today a few of these have been sold successfully, a few have failed, a few are performing well, and a few are breaking even while they gain traction. In December 2006 Divergent's investee Visean Information Systems was sold for almost $20M in a cash upfront transaction with a multinational oil services company. With operations in Australia, USA and Europe, Divergent’s portfolio companies are world leaders in their chosen fields with collective turnover in excess of $40M in the financial year ending June 2008.

Today Divergent is a leading source of early stage funding for information technology businesses and remains among the most active investors in this space. Divergent is likely to raise a new fund in 2010 that will be open to external investors.

History:

Divergent Capital was founded in Sydney Australia in 1999 as a sister company of managed services provider BlueFire Corporation. At the time Divergent was called BlueFire Innovation and was co-founded by BlueFire founder Ryan Glick together with Adam Pozniak, Kamal Sarma & David Nelson.

In 2003 the business was separated from BlueFire Corporation and became a stand-alone independent investment fund which today is owned entirely by the management team Nelson and Glick.

Formerly known as: BlueFire Innovation

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