29North

Portfolio

The founders we ride alongside.

Six Australian businesses across technology, healthcare, consumer and financial services, led by their founders and CEOs. Here’s how each partnership began, how we’ve helped, and what their leaders say about the ride so far.

Our journey so far

  1. Mar 2022

    Urban X

  2. May 2022

    Move Mobility

  3. Oct 2023

    Royal Foods

  4. May 2024

    Day Hospital Partners

  5. Aug 2025

    Real Flow

  6. 2026

    Sports & Spinal

  7. 2026

    Royal Foods

    Follow-on investment

Partner since March 2022

Urban X
Sector
Technology
Led by
Dan Argent, Founder & CEO

Urban X

Our first partnership, with a highly aligned founder and a strong opportunity set.

How we met

We were recommended to Urban X by one of our contacts, who had a long-term relationship with its founder, and Urban X approached Ross Hayward for help with a technology build. We took the time to make sure the cultural fit was right and that we could genuinely add value, then agreed valuation and terms in four weeks.

Riding alongside

  • A seat on the board, and advice on senior executive structure and reporting lines
  • Key input into hiring technology and finance talent
  • Helping lead tech strategy and product development for the Autopilot platform
  • Introductions to key executives and advisers, and scoping options for growth

“We’ve been partnered with 29North for four years now and during that time we’ve found the team, Ross and Brendan in particular, to be nothing but helpful. Their insights and advice (and sometimes just counselling) are incredibly valuable, and we really lean on their collective experience at every critical juncture for the business.”

Dan Argent, Founder & CEO, Urban X
Visit Urban XHelping top agents build their own agencies.urbanx.io Built by Urban X · AutopilotSell more. Manage less.End-to-end real estate admin, from signed to sold, faster.autopilot.com.au

Partner since May 2022

Move Mobility
Sector
Healthcare, assistive mobility
Led by
John Corry, CEO

Move Mobility

From a single mobility aid shop to five stores and an online range of more than 3,500 products.

How we met

Our investment grew out of a long-term relationship. The business began as one store, The Mobility Aid Shop, without the team or infrastructure to scale. Part of the plan was finding the right CEO: John Corry had been talking with us about an opportunity, and was excited to become CEO and the largest shareholder.

Riding alongside

  • Brought in Spinal Life Australia as an equity partner
  • Four new stores opened in the past three years
  • Management KPIs and monitoring, so growth stays measurable
  • An e-commerce offer of more than 3,500 products

“Working with 29North has been a refreshing blend of strategic insight, integrity, and a genuine commitment to nurturing our business for long-term success. Their approach stands out in the investment landscape, prioritising partnership and value creation over mere transactions.”

John Corry, CEO, Move Mobility
Visit Move MobilityMobility and rehab equipment, in store and online.movemobility.com.au

Partner since October 2023

Royal Foods
Sector
Consumer
Led by
Eddie Bos, Founder & Chairman

Royal Foods

A cash-generative food business with a differentiated market position and a 30-year track record of continual growth.

How we met

We’d known the founders and executives for more than 15 years. When the time came, we went from term sheet to final agreements in eight weeks, with no external commercial due diligence and no change in valuation along the way.

Riding alongside

  • A seat at the board table
  • Assessing organic and M&A growth options
  • Help with budgeting, due diligence material and adviser appointments
  • Sharing our due diligence findings as a catalyst for future improvements
  • A follow-on investment in 2026

“I have known Brendan professionally for over 15 years. 29North invested a minority stake in our business in 2023. The purchase process and regular board meetings have been very positive and constructive.”

Eddie Bos, Founder & Chairman, Royal Foods
Visit Royal FoodsGourmet food for chefs, restaurants and grocers.royalfoods.com.au

Partner since May 2024

Day Hospital Partners
Sector
Healthcare
Led by
Ben Korst, Founder & CEO

Day Hospital Partners

A growing group of day hospitals, backed by 29North from day one.

How we met

We’ve backed DHP from the very beginning. It was founded by our co-founder Ben Korst. 29North is one of its major shareholders, and Brendan Larsen has been on the board since it was established.

The journey so far

  • Acquired Townsville Day Surgery, Darwin Day Surgery and Tweed Day Surgery
  • Established The Solace Clinic, a new greenfield site
  • Raised additional equity capital alongside our investment
  • Board support from day one

“I have found 29North to be both supportive and pragmatic in their approach, providing enough flexibility for management to get on with the job of executing the strategy but being prepared to ask the hard questions if required. I have no hesitation in recommending them as a potential partner.”

Danny Sims, Chairman, Day Hospital Partners · Former CEO, Ramsay Health Care Australia
Visit Day Hospital PartnersMeet the team behind the hospitals.dayhospitalpartners.com.au

Partner since August 2025

Real Flow
Sector
Financial services
Led by
Justin Steer, CEO

Real Flow

A non-bank lender providing funding solutions to vendors and real estate agents across Australia and New Zealand.

How we met

Real Flow approached Ross Hayward for help arranging finance. We introduced the team to Urban X, then spent more than two years getting to know the business and its management before we invested.

Riding alongside

  • Mezzanine finance that grew into a senior facility designed to support significant growth
  • A board advisory role, providing strategic oversight and sector expertise
  • Operational support across collections, compliance, systems and conversion
  • Introductions to key industry partners

“They are diligent, thoughtful, and highly commercial, while also being personal and straightforward to deal with. I would strongly recommend 29North to any business seeking a committed long term funding partner.”

Justin Steer, CEO, Real Flow Finance
Visit Real FlowFunding for vendors and real estate agents.realflowfinance.com.au

Partner since 2026

Sports & Spinal
Sector
Allied health
Status
Our newest partnership

Sports & Spinal

An established allied health business with an enviable track record of patient focus and performance over more than 30 years.

Locations
27
Years established
34
Health professionals
300+

What’s next

We look forward to working with the founders and shareholders to help them execute on their continued growth plans.

Visit Sports & SpinalPhysio and allied health care since 1992.sportsandspinalphysio.com.au

Your journey

Could your business be next?

If you’re a founder with big plans and you’d like a partner who’s in no hurry, we’d love to hear from you.