^{Image courtesy of Titanium Ventures, formerly Telstra Ventures.}

Titanium Ventures is the new name for Telstra Ventures. It was previously known as Telstra Ventures.

The group was launched in 2011 under the name Telstra Ventures. It was spun off seven years later. The rebranding reflects Telstra’s new relationship and its plans to sell the portfolio of the former CVC unit.

The group has almost $1bn in three funds. It has 99 portfolio companies, twelve IPOs, seventeen unicorns, and a return of $678m. Titanium Ventures plans to continue investing in the same AI, digital, and software sectors.

Mark Sherman, managing partner, said: “Our new brand was a natural progression since the team has operated as an independent global VC firm for over a year.”

“Today, we have more 50 limited partners. We have refined our identity as well as what we represent. We look forward in continuing to work with Telstra commercially to generate more revenue to our portfolio companies. It’s just business as usual.”