Banksia Ventures · Sydney
Commerce is being rewritten. We back the people doing it.
Banksia Ventures backs AI-native commerce and marketplace companies across APAC — at the moment when the infrastructure for modern trade is being built from scratch.
Why this, why now
The structural bet
AI is rewiring how commerce works
Personalisation engines, dynamic pricing systems, delivery orchestration, and payment rails are all being rebuilt from scratch. The companies that establish durable positions won't retrofit existing software — they'll design for intelligence from the first line of code.
APAC is the largest commerce market on earth
APAC accounts for more than 60% of global digital commerce volume, but carries a fraction of the infrastructure investment that went into US and European markets. The gap between market size and tooling quality is where a decade of opportunity sits.
Operators who've done it back founders who are
Sarah Thornton built a commerce logistics company to $40M GMV before it was acquired. Daniel Nguyen built the recommendation and search systems for an 8M MAU marketplace. That operating history is not a credential — it's the reason our diligence questions are different.
Portfolio
Companies we've backed
Pre-Seed and Seed. AI-native architecture. Commerce and marketplace use cases. All building for APAC.
Team
Operators backing operators
Sarah Thornton
Managing Partner
Daniel Nguyen
Partner
Emma Richardson
Principal
Insights
From the desk
Thinking on commerce, marketplaces, and what's coming next in APAC.