Early Stage Fund Investor Presentation on AR, VR, AI and IoT

EXTREME DIGITAL VENTURES EARLY STAGE FUND | COMMERCIAL IN CONFIDENCE 1
Investor Presentation
Extreme Digital Ventures is an early stage fund, investing in
Augmented, Virtual, Mixed Reality, Artificial Intelligence, Machine Learning, Robotics,
Internet of Things - the 'Fourth Wave' of human-centered technology and Industry 4.0.

Section 1
Industry Overview

MASSIVE SECTOR INVESTMENT
EXTREME DIGITAL FUND | COMMERCIAL IN CONFIDENCE 3

The Fourth Wave
INVESTMENT HORIZON
AR/VR hardware has never been better and continues to improve.
Price points approaching mass consumer levels.
Developer tools/game engines are polished and free to minimal cost.
More AR/VR developers now than ever.

The Fourth Wave
Just like the way the PC, Internet and Mobile have made monumental impact
on our lives and created the largest companies on the planet, the industries
in this 'Fourth Wave' are set to do the same.

The Fourth Wave
Virtual Reality and
Haptic Interfaces
Augmented and
Mixed Reality
Extreme Digital Ventures identifies companies with proprietary technologies and
invests in those companies with the right mix of thought leadership, passion,
creative/technical ability and experience to succeed.
Technologies enabling The Fourth Wave :
Artificial Intelligence
and Robotics
Internet of Things
and Cloud Technology

AR/VR - Revenue Forecast
• AR/VR revenues are projected to grow at a compound annual growth rate
(CAGR) of more than 100% over the next five years
• Hundreds of billions of dollars of revenue opportunity
• During 2017, new investment in AR/VR exceeded $3b with a record $1b
in Q4

AR/VR - Industry Analysis
• The growth in AR enterprise will see the AR market share substantially
exceed the VR share of the market by 2020
• The consumer, retail and manufacturing segments will be the early
leaders in AR/VR investment and adoption

AR/VR - Industry Focused Verticals
• Entertainment
• Education
• Healthcare
• Enterprise
• Live Events
• Location Based
• Social
• Construction

AI and ML - Industry Analysis
• Artificial Intelligence, Machine Learning, and tools such as conversational
platforms, digital twins and Blockchain are among the most strategic 2018
technology investments, according to Gartner.
• The tech trend of “connected” and intelligent systems has started and will
gain momentum in 2018 before we see 40 percent of digital
transformation and upwards of 70-80 percent of AI-powered, IoT initiatives
in 2019.
• According to Forrester, AI automated IoT has already been adopted in
transportation industry fleet management, government security and
surveillance systems, retail inventory management, and manufacturing
assets management.
• In 2018, the trend will be to become digital rather than doing digital. ML-
powered AI systems will help the modern tech-savvy marketers become
digital at breakneck speed.

• The Internet of Things (IoT) is an ever-growing network of physical
objects that feature an IP address for internet connectivity, and the
communication that occurs between these objects and other internet-
enabled devices and systems
• IoT has been forecast to deliver up to $11 trillion to the global economy
by 2025 and up to $120 billion annually to the Australian economy in the
same time frame
• It’s predicted there will be up to 30 billion connected IoT devices by
2020 and 300 billion by 2030
• By 2022 IoT will save businesses and customers an astronomical sum
of $1 trillion a year in maintenance and services. Some of that will start
happening in 2018
IoT - Industry Analysis

Information Modeling (BIM) - Construction
• $7.9 trillion USD sector and growing to over $15.80 trillion USD by 2030
• Accounts for 6% of the world’s GDP
• Employs approximately 200 million people

Section 2
Partners

Partners
Strong Team combining deep sector and functional experience
§ Technical, commercial and investment experience
§ Senior management team based in Sydney and LA
§ Broad market connectivity with industry participants, incubators and
accelerator programs
§ Active and globally recognised engagement with the market place
Strong investment origination
§ Excellent AR/VR, AI/ML, IoT and IM industry connections
§ Leading technical appraisal skills
General Partners with complementary skills and connections
§ Intimately involved with the selection and monitoring of investments
§ Strong commercial evaluation skills
§ Successful exits and entrepreneurial skills

Partners
Amber Cordeaux https://www.linkedin.com/in/amber-cordeaux-a2754018/
Recently named as one of Australia’s Top 5 Emerging Leaders in Tech, nationally at the Women’s
Agenda Awards 2018. The youngest TV station CEO in Australian history, saving C44 in SA from
certain closure, $1M debt and analogue output to profit and all digital output. Amber brings a
wealth of experience as both an angel investor and AR/VR start-up co-founder of Humense, the
first Australian company to be backed by Alibaba’s investment arm. Mentor at Australia's leading
accelerators/incubators and internationally. Winner of "Women in Innovation and Technology" SA
award 2015. Started "Women in AR/VR" Australia and co-organised the world's largest and
second largest AR Meetups out of Melbourne and Sydney. As a Judge at the Festival of Media
Global Awards in Rome, 2018, Amber was the sole representative for APAC region for judging
best use of AR/VR, New Technologies and Gamification. Featured in “Top 101 Women Leading
the AR/VR Industry” globally.
Ric Holland https://www.linkedin.com/in/richolland/
Ric is a VR/AR (Spatial UX) expert and was instrumental in building the XR development space
in Australia. Oversaw sponsorship of one of the largest global AR/VR meetups. His first start-up
was at age 20, become a pioneering Creative Director delivered literally 1000s of digital projects
internationally throughout 80s to late 90s. AsiaPac GM for MetaCreations Corporation (merger
between Fractal Design and MetaTools). Creative Director - User Centred Design at IBM –
pioneering large scale UX projects in APAC. Senior lecturer at University of Technology Sydney
(UTS), UNSW, & AFTRS. Researcher - Human Computer Interaction and served on industry and
academic advisory boards. Global Communications and Evangelism Manager for Wacom
Technology. Ric authored the book 'Art of Making Marks' a 25 year history of Wacom and NUI
technology ecosystems. CMO and Startup community GM for Offis Multi-Cloud Innovation,
founding sponsor of AR/VR Meetups. Career building and maintaining global network of digital
business innovators.

Partners
Mark Kogos https://www.linkedin.com/in/mark-kogos-34605a4/
Career in the finance, mergers and acquisitions industry, having implemented transactions for
SMEs at the start-up phase through to major Australian and international corporate groups.
Formerly with National Australia Bank Institutional Bank and PwC’s M&A/ITS Team, Mark has
provided strategic consulting advice in Australia, the USA, UK and New Zealand servicing a
range of clients including AXA, CBA, Macquarie Bank Telecommunications Fund, CSR,
CVC/Pacific Dunlop and the NZ Blue Star group of technology companies. Mark has a history
of early stage investing and exits in tech focused start-ups in Australia and New Zealand,
including successful listing Commsoft on ASX and Plexure Ltd on the NZX.
David Gasan https://www.linkedin.com/in/davidgasan/
20 years of operational experience in early stage venture capital and private equity investment
management and analysis in a range of diversified industries including technology,
telecommunications, mobile, automotive, marine, property and finance/ insurance in Australia,
USA, Malta and other parts of Europe and North Africa.
David has occupied senior Management and Board level positions contributing to high level
company direction, capital requirements, growth and new business opportunities. He holds an
Executive MBA from London School of Business in 2011 and a BA (Hons) in History with Italian
from the University of Sussex and the University of Bologna.

Advisory Committee
EXTREME DIGITAL FUND | COMMERCIAL IN CONFIDENCE
Pete Cooper https://www.linkedin.com/in/petecooper/
Experienced innovator and investor in technology across multiple verticals. Exits include
Pocketbook (approx. 20x) and Tinybeans (approx. 20x) and two more similar in specialist global
Fin Techs. Proven track record of success in the tech/internet/finance industry value chain over
20 years and more than a dozen countries. Now consulting to and investing in primarily high
volume and real-time technology innovators and actively assisting to deliver internationally. Start-
up mentoring, angel/ venture investment, events, education and start-up industry ecosystem
development and advocacy, government policy and insight. Founder of The Start Society and
Syd Start, Director of Innovation and Growth at University of Technology Sydney (UTS).
Peter Koch https://www.linkedin.com/in/peterjkoch/
CTO responsible for developing world-class Augmented Reality and Virtual Reality solutions such
as the world’s first integration of AR with the game engine Unity3D, creating the official
Transformers 3: Defend the Earth AR app reaching over 2 million downloads and played around
the world, one of the world’s first AR eyewear solutions for the Royal Family of Qatar for the
World Cup bid in 2010. World expert in computer vision technology, depth sensors, gaming
technology, animation. software engineer for Windows Phone 7 at Microsoft Redmond, product
design and implementation for Internet Explorer Mobile.
18

Advisory Committee
Wade McDonough (B.Eng. Biomedical) https://www.linkedin.com/in/wademcdonough/
Seasoned serial entrepreneur with 25 year’s experience in Silicon Valley, Singapore, India and
Australia as an investor and advisor in all areas of science and technology. A diversified set of
business experience, including Medical Pharmaceuticals and Devices, Aerospace, Logistics,
AR/VR, Digital Autonomous Vehicles, AI, Deep Machine Learning, and Spatial Computing.
Advisor and consultant to over 32 Silicon Valley based companies and start-ups including
NASA, Stanford, Genetech, Hewlett-Packard and Pfizer.
Mark Holland linkedin.com/in/mark-holland-a713991
Career in quantitative finance, applied mathematics and software development - mainframes,
minis and PCs. Financial Mathematical Modeller at Westpac group in corporate/project/financial
markets, programming models that facilitated deal-making activities. Researcher at Macquarie
University developing and implementing a range of financial models. Wrote corporate treasury
software in Europe, UK and North America, Algorithmic trading equities systems, commodities
dealing analytics, aviation finance, retail POS/ERM. University Lecturing - B Comm/Applied
Finance - Business Statistics/Economics. Geothermal Energy Modeling; Mathematical Physics -
Geometric Algebra.

Extreme Digital Ventures - Partners
Experienced
investment team
focused on early stage
funding and raising
capital to scale
projects
World class advisory
team to help identify
and assist with building
proprietary and
advanced technology
companies
Mentoring start-up
companies to become
commercially competitive
with a robust business
infrastructure in order to
generate global sales
Funding IP & Technology Commercial Expertise
19

Extreme Digital Ventures - Partners
Investment Experience
Strong combination of start up,
early/mature stage investing
and exit experience
Technology Experience
Creating value leveraging the
team’s knowledge of advanced
technologies, focusing on AR/VR,
AI/ML, Robotics and IoT
INVESTMENT
EXPERIENCE
LIQUIDITY EVENT
EXPERIENCE
ADVANCED
TECHNOLOGIES
INDUSTRY
EXPERTS
20

Section 3
The Fund

Local & Global Investment Opportunities
INVESTMENT
EXPERIENCE
VR & AR TECH
EXPERIENCE
ADVANCED
TECHNOLOGIES
INDUSTRY
EXPERTS
AR & VR
CONTENT
AR & VR
TECHNOLOGY
Extreme Digital Ventures will provide expert assistance, guidance and valuable
introductions to our portfolio companies.
Extreme Digital Ventures looks at a broad spectrum of sectors – from infrastructure and
development tools to content and applications, and invest on a granular basis across
these early stage investments. Our aim is to assist these companies to deliver unique
technology globally through our international network with the aim of accelerating sales
through access to capital, management input and strategic relationships.
The attributes Extreme Digital Ventures is looking for are Global Market applicability and
Advanced Technologies capable of protection through Proprietary IP.
22

Accessing Opportunities

Accessing Opportunities
Over the past six years, VC investors worldwide have taken part in 453 VR deals with
$2.4 billion invested In 2017.
The fund has deep insight and overview of the spatial computing sector in Australia
and access to the next generation of disruptive investment opportunities locally and
internationally.
High quality deal flow is accessed via our network of globally trusted, specialised and
best-in-class funds, incubators, accelerators, grass-root community groups,
universities and other development bodies.
24

Part of a Global Community
Internationally, there is an active and highly supportive community of VC investors in our
sector. The Extreme Digital Fund has deep connections and established linkages with
the global community of best in class VC funds focused on these sectors including:
• The Venture Reality Fund, ( www.thevrfund.com ) which is also a founding member
of Virtual Reality Venture Capital Alliance, the world’s leading alliance in this
sector www.vrvca.com
• GFR Fund www.gfrfund.com, an affiliate of GREE in Tokyo
• Candela Partners candelapartners.co
• Anorak Ventures www.anorak.vc
• Super Ventures www.superventures.com
• VR Oslo www.vroslo.no
Under this arrangement the fund can:
• Benchmark investments being considered by the fund against overseas VC funds in
our comparables
• Access potential investments being considered by overseas funds that would
normally not be seen in the Australian market.
25

EDV – Investment Model
Key investment features of the Extreme Digital Fund:
• Target size - $50M fund AUD
• Investing in approx. 20+ companies
• Looking to invest primarily in Seed and Series A, with potential follow on
• Investments will be made either by investing via convertible notes or equity
• Aim to co-invest alongside other funds
26

EDV – Investment Model
Deal Flow Filtering Deal Close
SupportScale
Local Networks
Global Relationships
Mentors & Incubator Programs
Events and Meetups
Partner Referrals
Investment Committee
Ongoing Due Diligence
Business Model Validation
Technology Validation
Key Investment Criteria
Compelling Proposition
Founder Friendly
Strategic exposure to
Capital Partners
Ongoing Reporting
Commercials Mentor
Strategic Partners
Local & Global Networks
Portfolio Approach
Flow-on investments
Capital Market Assistance
Strong
Reputation
27

Section 4
Additional Information

EDV - Key Information
Key Information Overview
Fund Structure The fund will be an Limited Partnership structure. As an Australian based fund, it will be
structured as an Early Stage Venture Capital Limited Partnership, subject to approval
from Innovation Australia.
Extreme Digital Ventures The manager of the Extreme Digital Fund
Term 10 years
Target Fund Size $50M AUD
Eligible Investors The fund is open to institutional, strategic, wholesale and sophisticated investors.
Investments will be as a limited partner.
Management Fee 2.5% of funds under management for the first five years, payable quarterly in advance.
Performance Fees 20% of profits. Initial available capital will be returned to LPs plus 6 % IRR hurdle. After
all LP capital is returned, there will be a 100% catch-up to the GP until an 80:20 split of
profits is achieved at which point that ratio will be maintained for further distributions.
29

EDV - Investment Opportunity
Extreme Digital Ventures is seeking investment partners to be part of the first fund
in Australia focused on Spatial Computing.
This investment is an excellent opportunity for strategic investors seeking to gain
both technical and financial exposure to early stage, leading edge technology in the
fields of XR/AI/Robotics/IoT- sectors that will transform our daily lives.
Investors who invest as limited partners $A5m or more will be offered a seat on the
Advisory Committee.
For investments between $A2m-$5m, Extreme Digital Fund will enter into a side
letter with the investor which allows the investor to look at deal flow and an option to
co-invest in portfolio companies.
This arrangement is a unique opportunity for investors to gain access to a global
deal flow of investments which might otherwise never be accessed.
30

EDV - Investments under Review
Visospace - VR Experiences that are meaningful and engaging
https://www.viso.space/
PAT Inc. - AI/ML (NLU) Natural Language Understanding
https://pat.ai/
SpaceTime XR - AR/VR Multi-User Collaboration Platform
http://spacetimexr.com/
Migenius - The Products Visualisation Company
https://www.migenius.com/
Psykinetic - Natural UI Life-Changing Technologies
http://psykinetic.com/
Massless AR/VR - Precise and Intuitive VR tools
http://massless.io/
Dotty – Enterprise tool for sharing 3D models in AR
http://www.dotty.com.au/
31

Disclaimer
The information contained in this presentation is for information purposes only
and has been prepared for use in conjunction with a verbal presentation and
should be read in that context.
This presentation contains ‘forward-looking information’. Forward-looking
statements in this presentation include, but are not limited to, statements with
respect to: the Fund’s strategy, plan for the development and commercialization of
new investments, projected milestones and cost metrics and other economic
indicators.
Forward-looking statements are based on certain material assumptions and
analysis by the Fund, and the opinions and estimates of the advisory committee
as of the date such statements are made and they represent the advisory
committee’s best judgment based on facts and assumptions the advisory
committee considers reasonable in light of its experience and perception of
historical trends, current conditions and expected future developments and other
factors it believes are appropriate, and are subject to risks and uncertainties.
32

Thank You
extremedigital.vc
33

The FOURTH WAVE
Digital Ventures
extremedigital.vc

Early Stage Fund Investor Presentation on AR, VR, AI and IoT

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