Having just launched their own shop in January, two former members of the industry fund's private equity team have been mandated to run the newly created Victorian Startup Capital Fund (VSCF).

Profitability would be back in vogue and investors would look more carefully for pathways to cashflow positivity when assessing any investment opportunities or revaluing portfolio companies.

Neil Stanford and Brighid Pappin have created V-Ignite, a new Fund-of-Funds venture capital firm, to turn $60 million from the state government into $120 million for the VSCF. 

A pair of former Hostplus investment specialists have been appointed to run the Victorian government’s $120 million “fund of funds”, which will provide capital to early-stage startups in the state.

Led by Neil Stanford and Brighid Pappin, highly respected leaders in the Australian venture capital sector, V-Ignite will bring together the skills and expertise of the former Hostplus Private Equity and Venture Capital team with leading VC manager, Brandon Capital.