Asymmetric.tech

Buying and running Australian businesses. Personally. Patiently.

Who we are

A Melbourne based investor operator building durable commercial value in Australian SMEs.We take a long-term view on improving national interest through sensible critical technology adoption.Established by Andrew Campbell, with over 15 years experience as a Chief Investment Officer and senior operator across numerous SMEs.

What we do

We buy Australian businesses to run as operators, with a focus on what makes them worth owning for the long term. We are not private equity or venture capital.Our focus is businesses where critical technology is already important to how they operate, or where it clearly could be.

How we work

The businesses we want to buy have been built by people who care about the outcome.We are guided by a few simple values:
- Aim up and build
- Without trust, everything decays
- Adopt responsibility and go on an adventure
- Creative courage finds the path forward
- Be a grateful steward of business and capital
We are ready to invest:
We invest with an existing small group of aligned co-investors on a deal-by-deal basis.
We know what we want:
When we reach out, we have already done meaningful research on the business and the sector. We do not send generic enquiries.

Critical technology

We use the Australian Government sense of critical technologies: current and emerging technologies that can materially enhance or put at risk Australia’s economic prosperity, national security and social cohesion.That includes fields like advanced manufacturing and materials, AI and data, advanced communications, quantum, autonomous systems and robotics, biotechnologies and clean energy technologies.In practice that often means an existing business developing or using one of these technologies.

What we look for

  • Owners who care about succession, staff and customers

  • Australian headquartered

  • Businesses where critical technology is already important or clearly can be

  • Fits one of the "investment types" in the table adjacent

How we complete investments

  • Flexible, succession-friendly structures where appropriate

  • Fast view on fit, with clear yes/no/maybe and next step where there is genuine interest

  • Respect for intermediaries, including brokers and advisers, and a straightforward process

Investment TypeGuidance / CriteriaExperience
Micro / Small / Lower-mid marketEBITDA over $1mMultiple investments and senior operator roles in this profile
Special situationsSelectiveMultiple successful turnarounds both as investor and senior operator
StartupReasonable valuation (we are not a deep tech VC fund)Built a tech-focused fund | Founded successful startup

Contact

We welcome introductions, networking and the chance to develop long term relationships. First conversations are informal: no process, no obligation, no pressure. Every conversation is confidential, and if there is no fit we will say so quickly.

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