BetterLabs
Industry Focus
Geographic Focus
BetterLabs is an early-stage venture capital fund and venture studio based in Perth, Western Australia, backed by the Royal Automobile Club of Western Australia (RAC). Founded in 2017, BetterLabs operates as the strategic innovation function of RAC WA, managing a AUD $23 million fund that invests in technology and opportunities impacting next-generation insurance, clean technology, mobility, work, and money. The organization operates both a venture fund investing in external startups and a venture studio that builds its own startups, giving it firsthand experience of what it takes to succeed in the startup ecosystem. BetterLabs is dedicated to supporting startups that seek to enhance the way people live and work, with a strong emphasis on impactful innovation that benefits Western Australia. The venture studio provides hands-on operational support and strategic guidance through the entire journey from concept to commercialization. BetterLabs values a pathway to profitability over just growth and sees technology as an enabler rather than an end in itself, focusing on B2C or B2B2C solutions that solve specific customer problems.
2017
13 Companies
4
3X Higher