We believe that great solutions come in all shapes and sizes and more often than not, in sectors like Energy, Agriculture and Industrials, software can only do so much. Physical hardware is a critical inevitability across the various technologies and business models that we invest in.
In order to deliver private market returns in a portfolio that is a mix of software, hardware, and business model innovations, we focus on partnering early and providing support to founding teams that will help position their ventures on a rational growth trajectory.
We like to partner with founders to co-create a roadmap for growth that is guided by profitability and underpinned by an executable strategy.
Case studies.

Established in 2013, Bueno is a pioneer and innovator in the use of analytics to optimise energy consumption and reduce maintenance costs in buildings.
Bueno’s clients include Australia’s largest commercial real estate firms such as Dexus and Investa, as well as Woolworths, where Bueno monitors over 140,000 pieces of equipment.
Bandera led an investment round into Bueno in 2023, and has subsequently helped the company to achieve significant sales growth, as well as establish offices in the US and UK.

“The Bandera team have assisted us across all aspects of our operations.
From sales and marketing, to finance and operations as well as recruitment and team growth, their guidance and experience has been invaluable in helping us to execute effectively and achieve our ambitious goals.
With Bandera as our partner, we are confident we can leverage our Australian market leadership and become a true global player.”
— Hugh Amoyal, CEO

Established in 2018, Sea Forest is a leader in the development of methane-abating livestock feed supplements.
Building upon research originally conducted by CSIRO, Sea Forest has developed proprietary formulations using seaweed extracts that have been demonstrated to both reduce methane emissions by 80+% and to accelerate weight gain by 6+% and is now working with leading global brands such as Mars to drive adoption in the beef and dairy sectors.
Bandera was the first institutional investor in Sea Forest in 2020 and has been represented on the board ever since, providing guidance on a broad range of strategic and commercial decisions

“Bandera has been with us since the very beginning and has been an invaluable partner in the growth of Sea Forest.
In addition to having made a number of very helpful introductions, of all our shareholders, they have the deepest understanding of our science and our business and they have been a consistent sounding board throughout our journey so far.”
— Sam Elsom, Founder and CEO