AP Ventures Limited
AP Ventures Limited is an investment vehicle in which Afterpay Limited is the largest shareholder. We aim to create long term value for its shareholders through investing in high growth companies
What we do
AP Ventures provides high growth, scalable companies that have proven revenue models with access to capital and, where appropriate, Afterpay's experience, merchants and customers. Particular areas of interest includes retail innovation, consumer & finance, and data with a preference for businesses that are or can expand globally.
We target making investments of $10m+ and are interested in post revenue and later stage companies looking to scale. While not generally our focus, we may from time to time pursue early stage opportunities where there is a strong strategic rationale.
Management Team

Hein Vogel
Chief Executive Officer
Hein is an experienced investor and adviser with over 18 years of experience in financial services. Prior to joining AP Ventures, Hein was a Managing Director at Investec where he led the creation of and managed Investec’s emerging companies team, was a fund manager of Investec’s Emerging Companies Fund and served on the fund’s investment committee. Hein is a member of the Australian Institute of Companies Directors
Board of Directors
Michael Jefferies
Mike is a chartered accountant with extensive experience in finance and investment including more than 20 years as an executive of Guinness Peat Group plc, an international investment group listed on the major stock exchanges in London, Australia and New Zealand. Mike has over 30 years of public company experience including that he was previously the Chairman of Touchcorp and a non-executive director of Afterpay Touch Group Limited
Hugh Robertson
Hugh is a stockbroker and investment adviser with over 30 years’ experience working with a variety of firms including Bell Potter, Investor First and Wilson HTM
Sophie Karzis
Sophie is a corporate and commercial lawyer who is experienced in the areas of equity capital markets, mergers and acquisitions, and corporate governance for ASX-listed entities. Sophie acts as company secretary and general counsel for a number of ASX-listed and unlisted entities and is a member of the Law Institute of Victoria as well as the Governance Institute of Australia
Associate Prof John McBain AO
Professor McBain is the former Head of Reproductive Services at Melbourne’s Royal Women’s Hospital. He is also a former President of the Fertility Society of Australia, and was a founder of Melbourne IVF, now Virtus Health, and served as Chairman of Melbourne IVF and subsequently as a director of Virtus Health prior to its listing on the ASX