Australian venture capital firm EVP has introduced 40x, a new program designed to support software founders at a critical stage of growth. The initiative targets early-stage startups that are already generating revenue, scaling their operations, and preparing to raise capital within the next 12 months. Up to 40 founders will be selected to join a structured peer network that combines practical guidance, investor access, and partner benefits.
Eligibility and Focus
40x is intended specifically for software companies that have moved beyond the concept stage and are already earning revenue. It is aimed at founders who expect to pursue capital raising within the next 12 months. The selection process will bring together up to 40 of Australia's most promising early-stage software founders, and the program is also open to eligible founders in New Zealand.
Leadership and Program Format
EVP venture partner Mark Zmarzly will lead the 40x initiative, which is structured around a series of in-person engagements. The program will hold three onsite days on October 1, November 18, and January 28, offering panel discussions, practical advice from founders who have previously raised capital, and access to investors. Participants will also receive partner perks, including $25,000 in AWS Active credits, to support their growth.
Peer Learning as Core Value
Zmarzly said the core value of 40x is founder-to-founder connection, drawing on his own experience on both the founder and investor sides of the table. He noted that previous versions of the program, run without formal venture capital support, saw a quarter of participating founders successfully raise from angel rounds through Series A. The new EVP-backed version aims to help founders compare notes, ask unfiltered questions, and reduce their learning curve.
Founder Background and Proven Model
Before becoming an investor, Zmarzly participated in several programs including GAN, a corporate startup matchmaking program, a Kauffman Foundation Fellowship, and an international expansion program. He said those experiences offered useful content and funding but the main benefit was the opportunity for founder-to-founder connection. That insight shapes the design of 40x, which prioritizes meaningful and sustained peer engagement.
Strategic Access and Track Record
Through 40x, participants will gain access to EVP partners, the firm's broader founder network, and relevant market connections. Zmarzly emphasized that EVP sees an opportunity to support high-performing founders who are navigating similar decisions and challenges. The program is built around the belief that founders learn best from other founders, but rarely get meaningful opportunities to do so over time.
Applications and Deadline
Applications for 40x are open to software founders across Australia and New Zealand. The deadline for submissions is Tuesday, September 15, with full details available on the official website at 40xbyevp.com.au. Because the program is highly selective and designed for high-performing founders, applicants should be prepared to demonstrate that their software startup is generating revenue, scaling, and preparing to raise capital within the next twelve months.
EVP's 40x program arrives at a time when artificial intelligence dominates startup attention but software businesses still need structured support to grow and raise capital. By combining peer learning, investor access, and practical operational advice, the initiative offers a focused pathway for revenue-generating software founders. With applications closing on September 15, Australian and New Zealand founders have a timely opportunity to strengthen their networks and prepare for their next funding round.