For SYD4, muru-D is offering up to $60k, together with up to $75k from the Bardama Fund and up to $15k from out mentors, to our startups during and post-program.
Companies entering the muru-D program will receive $20k at the start. They are required to raise $15k from our mentor/investor network and achieve specific milestones by the mid-point of the program which will then unlock a further $20k from muru-D and $25k from the Bardama Fund. If they do a qualifying raise of $50K post-program, muru-D will provide a further $20k and the Bardama Fund, $50k.
All this funding is anticipated to be provided via a SAFE convertible note (Simple Agreement For Future Equity) so is not tied to a valuation. This means that founders do not have to give up a specific percentage of their company at the time of investment. By investing flexibly, muru-D positions itself to be attractive to both early and later stage companies and more ambitious founders.
For further details on our SYD4 investment terms click here.