Slingshot will provide an initial upfront investment of $50,000 for 10% equity in your business.
Note: There are no hurdles to accessing this funding, all Startups receive $50,000 on entry into the 12-week program.
Follow on from Slingshot
Unlike other programs, Caltex Spark offers the potential for a further $100,000 of follow-on funding from the Slingshot Venture Fund. To access this funding, you will need to receive follow-on investment from three or more investors. Importantly, the follow-on funding is at a valuation set by your Startup with no discount.
Follow on from Caltex
Caltex may look to invest in select businesses after the completion of the program. Any investment by Caltex is at a 25% discount to your valuation (if within 18 months of joining the program).