PORTFOLIO
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Good & Growth™
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Portfolio snapshot
Unlocking the potential of the most ambitious Australian small to mid-sized businesses, helping them grow in ways that enrich lives, strengthen communities, and build lasting value.
lifetime capital raised and invested
ventures backed since 2012
people employed across our network
HEVEN's portfolio is built around sector platforms, deeply embedded with experienced leadership expertise and tailored systems and infrastructure to grow and support a network of businesses within its field. Rather than investing in businesses in isolation, we build at the platform level, creating compounding value across each sector. Our platforms span essential care services, early education, technology, business services and investment capital.
Early Education
15 early learning centres
Operating since 2021
The ELO Group
An early learning and childcare platform operating a network of centres across New South Wales and Queensland. Built around educational quality and consistent care standards, the ELO Group provides major process and facility upgrades, sector-built custom technology and operational support across all sites, enabling each centre to deliver better quality care and occupy more places than it could running independently. HEVEN partnered with two early learning executives in 2021, successfully completing multiple capital raises to grow from inception to a portfolio of over 15 centres with a strong acquisition pipeline.
Pharmacy
8 pharmacies
VIC, TAS and QLD
Operating since 2012
PharmaCircle
A community pharmacy network built around trusted patient relationships and whole-of-community health. HEVEN's pharmacy roots go back to 2012, when founder Mena Mikhail began operating pharmacy businesses across rural and regional Victoria, growing the underlying margin of his initial two pharmacies by 100% before exiting those early sites. That model has since evolved into PharmaCircle: a network spanning eight pharmacies across the Eastern seaboard, applying centralised procurement, shared operations and supplier consolidation to drive efficiency, while each location continues to serve as a primary health touchpoint for its local community.
Childcare Business Services
Supporting 50+ early learning centres nationwide
Operating since 2022
Early Learning Solutions
A specialist business services provider to the early education sector, delivering back-of-house operational support to childcare operators nationally. Australia's childcare environment continues to grow in complexity. ELS exists so that operators can focus on quality care while the business runs with expertise and confidence behind them. Launched in 2022, ELS has grown to service over 50 centres across tailored insurance packages, expert bookkeeping, group tendering and performance marketing products.
Technology and IT
Coming soon
Amplify IT
An IT and technology services business delivering infrastructure, support and digital transformation to HEVEN's portfolio companies and external clients. As AI-led automation becomes accessible at SME scale, Amplify IT is positioned to turn a sector-wide lag in technology adoption into a repeatable margin advantage for the operators we back.
Dental
Launched 2026
Dental Partners Australia
A dental practice partnership and operations platform that invests in and grows clinics across Australia. DPA partners with practice founders who have built something worth protecting, providing the operational infrastructure, capital and management support to scale without losing what makes their practice theirs. Flexible partnership structures allow founders to step back from the day-to-day burden while continuing to grow their long-term wealth and professional legacy, on their own terms.
Portfolio Management Services
Supporting the entities
across the portfolio
Heven Agathon Capital Pty Ltd
The operational and governance backbone of the network, providing centralised finance, compliance, reporting and administrative functions across the portfolio. Heven Agathon Capital enables each platform brand to focus on growth and service delivery, underpinned by the financial integrity and structural discipline the group is built on.
HEVEN Agathon Capital Pty Ltd is a corporate authorised representative (CAR) (CAR Number 001322955) of Aussie Capital Compliance Pty Ltd ACN 675 271 262 AFSL 564458.
Capital Investment
$50M target raise
2026 launch
Care Investment Fund I
HEVEN's first institutional fund vehicle, deploying patient capital into essential service businesses across Australia's care economy. Structured as an Australian-domiciled Fixed Unit Trust and open to wholesale investors, the fund is intended to yield annual distributions and gives investors diversified, hands-off exposure to a managed portfolio of pre-vetted businesses actively supported by care operators who have built in these sectors themselves.
Heven is a corporate authorised representative (CAR) (CAR Number 001322955) of Aussie Capital Compliance Pty Ltd ACN 675 271 262 AFSL 564458.
Philanthrophy
$350k directed to date
Active locally and internationally since 2023
Heven Giving Fund
The charitable arm of HEVEN, established to flow business success into meaningful community impact. A percentage of profits is committed towards education empowerment, health equity and social justice for vulnerable children and orphans across Australia, Oceania and Africa. Because how we give is as intentional as how we grow.
Grocery
2017–2024
Exited via trade sale
Independent Grocers of Australia
From 2017, HEVEN partnered with a family-owned grocer generating around $5M in annual revenue from one location. Through strategic investment, hands-on operational support, and shared services across staffing, retailing, project fitouts and day-to-day management, the business was scaled to over $25M annual revenue across multiple locations Victoria-wide. The group successfully navigated COVID-19 and was sold via trade sale 2024 once expansion objectives had been met.
Hospitality
2018–2022
Exited
Corner Co 1903
In 2018, HEVEN acquired a distressed hospitality site in vacant possession, facing declining sales and unpaid rent, and executed a complete commercial turnaround. A three-business-unit strategy was built around Corner Co. 1903 as a food and cafe offering, alongside a laundromat and a new commercial tenant added to the site. Within 12 months, the venue had converted to $3M+ in annual sales. By exit, annual sales had grown fifteen-fold from where they started. The business was exited in 2022.
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