Street Talk

Larry Diamond-backed venture debt firm Mighty Partners eyes $100m fund

Sarah Thompson, Kanika Sood and Emma Rapaport

May 1, 2025 – 5.00am

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Start-up lender Mighty Partners, née Fundabl, is expanding its footprint in Australia’s start-up ecosystem after bringing in a former Macquarie banker and securing backing from Zip Co co-founder Larry Diamond.

The venture debt firm, founded by Ethan Singer and David Salkinder in 2021, has appointed Kal Jamshidi as managing director. Jamshidi will be tasked with growing Mighty Partners’ loan book to $100 million over the next two years by tapping into family office and high-net-worth networks. Diamond’s family office has committed to funding part of the book.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.