Early stage investment firm Antler Australia recently supported 13 startups as part of its ongoing program to build great local tech companies. Over the next six weeks, Startup Daily will share the details of each venture in the “Antler Investor Memos” series.
You can also meet the founders every Monday and Wednesday for the next six weeks on the Startup Daily show at ausbiz.com.au.
This series is designed to quickly give you a sharp insight into the startups and people involved, with many looking for follow-on capital after Antler’s initial pre-seed investment.
Date of incorporation: 2022
Operating phase: Preseed
founders: Simon O’Keefe and Matt Mahdieh
Current investors: antlers
Currently increasing: Yes
Description of the company
Despite the growth of data management software that helps organizations navigate the new regulatory landscape, many still face an arduous process of evaluating numerous disparate tools to be compliant. Onqlave enables organizations to incorporate data privacy capabilities into their digital architecture.
By doing so, Onqlave addresses some of the toughest issues organizations face when storing and processing their consumers’ sensitive data on public clouds.
Unlike other similar companies in the market, Onqlave takes a technical approach to solve privacy needs by providing privacy-as-a-service. It ensures that privacy and protection issues can be addressed at the source of the data, not every application that uses sensitive data, while being available through a simple API integration.
Antler investment thesis
“Matt and Simon deliver data privacy-as-a-service, addressing key data transfer, encryption and storage vulnerabilities,” said Cath Rogers, Partner of Antler Australia.
“Evolving privacy regulations, declining confidence in how personal data is stored, and increasing demand for cloud computing have been amplifying Onqlave’s addressable market. The Onqlave team brings deep domain expertise and tech to privacy-first solutions.”
Traction/milestones, so far
Onqlave has received a lot of interest and support from industry experts and insiders. Among these parties, there is a collective bargaining agreement that not enough is being done to protect consumers’ sensitive data and relying solely on privacy protections is not possible with public cloud providers alone.
Due Diligence Resources
Explore Onqlave’s pitch video and investor deck via The Antler Portfolio Disclosure Platform.
Pre-Seed from Antler
Use of funds
Antler’s investment will bolster technical resources as Onqlave builds the beta version of its product.
“Confirmation from industry insiders that we are solving a mission-critical problem is exciting,” said Simon O’Keefe, co-founder and CEO of Onqlave.
“There is simply not enough being done to protect consumers’ sensitive data coupled with an over-reliance on privacy protections through public cloud providers. We hope to fix that.
“Antler proved to be an important meeting place of like-minded ambitious individuals ready to build businesses to solve complex challenges facing our world. Matt and I immediately clicked with Antler with a shared interest in privacy and complementary skills to develop a privacy-as-a-service solution.”
Antler, an early stage global VC, recently showcased its latest investments in ambitious Australian founders and startups. Onqlave was one of Antler Australia’s newest portfolio companies.
Learn how Onqlave provides easy privacy-as-a-service integration and helps businesses scale through the Antlers Portfolio Reveal Platform.
- StartupDaily is Antler’s official media partner in Australia.
READ NOW: The Antler Investor Memo Series: Avert AI Helps Companies Address Communications Compliance Using Artificial Intelligence
- 1 Company: Onqlave
- 2 Description of the company
- 3 Antler investment thesis
- 4 Traction/milestones, so far
- 5 Due Diligence Resources
- 6 Latest financing
- 7 Use of funds
- 8 Founders Comments
- 9 What’s next?
- 10 READ NOW: The Antler Investor Memo Series: Avert AI Helps Companies Address Communications Compliance Using Artificial Intelligence