Dear investors,

As we gear up for our Series A fundraising in Q2 ‘24, Mindhive's strategic approach is underscored by collaborations with leading consulting firms, including Accenture, to pinpoint and leverage five key projects within our regions. These projects are integral to our go-to-market strategy, enhancing our solution's presence in the industry. Concurrently, we are nurturing existing relationships, aiming to secure and grow renewals with clients such as QUT and Ventia, while also broadening our customer base. Our commitment is to navigate Mindhive from the startup phase to revenue-generating maturity. This transition is backed by our recent investments in business development resources and the strategic efforts led by Scott Austin (see below).

As CEO, my focus is to spearhead revenue generation and align our tech team with market needs, ensuring that our product delivers a user experience that resonates with our value proposition. We count on the continued support of our investors and encourage the advocacy of Mindhive within your networks, as we progress toward our Series A investment phase.

As CEO, I'm asking for your support in expanding Mindhive's reach. If you or one of your network's organisations can benefit from our AI-driven solutions, a conversation could lead to mutual growth. Your introduction could be instrumental in building our sales pipeline and ensuring our collective success as we advance towards our strategic goals.

As we position ourselves for a Q2 Series A raise, our strategic collaborations, especially with top-tier firms like Accenture, are paving the way for Mindhive's enhanced industry presence. This is complemented by the support from our investors, whose reinvestment endorses our direction and our growth. Their diverse expertise and contributions are pivotal as we drive towards revenue growth and operational excellence, aligning with our ongoing momentum and the investment appeal that has characterised Mindhive's journey so far.

As we continue to navigate the exciting landscape of AI-driven enterprise solutions, we want to share some key highlights and achievements that underscore our journey and the unwavering support from our investor community.

Investor Reinvestment Confidence Firstly, we are proud to report that approximately 20% of our 310 investors have chosen to reinvest in Mindhive, showcasing a strong vote of confidence in our vision and strategic direction. This reinvestment rate is a testament to the positive momentum we are building and the value proposition we offer.

Mindhive's strategic growth is supported by welcoming recent investors that strengthen our exit strategy and Series A funding ambitions:

• Investment from one of Australia's most significant Family Offices, offering strategic relationships and market insights essential for scaling operations via our Strategic Advisory group.

• The Founder and Managing Director of the first ASX-listed dental group in Australia, whose experience in public markets and healthcare sector growth informs Mindhive's public offering strategy.

• The leader of the largest master-planned community in Australia, ranked 57th with a net worth of A$1.02 billion, offering substantial experience and business acumen, aiding in the strategic planning of Mindhive's scaling initiatives.

• A Co-Founder and angel investors of Clipchamp, acquired by Microsoft, whose track record in creating and exiting high-value tech ventures provides a model for Mindhive's growth and acquisition strategies.

• University Chancellor with past senior public service roles, bringing over three decades of experience in public service and international diplomacy, contributing to Mindhive's strategic positioning and governance excellence.

  We're pleased to announce the appointment of Scott Austin as Strategic Advisory / Business Development and Partnership Lead at Mindhive. Scott is an executive with a distinguished track record in leading business transformations and championing technology solutions, with a particular focus on the US market in recent times.

  His expertise and leadership in the technology sector are unparalleled, with significant achievements in developing markets and leading start-ups in smart card and RFID technologies.

  Scott's work history showcases his extensive experience in leading business transformations and championing technology solutions across the globe. His career began with foundational roles in Switzerland, focusing on developing the Central and Eastern European market. He then ventured into startups, including roles at ACG (sold to Assa Abloy), Sunshine Technologies and Fastcards, specialising in Identification Technologies and RFID as well as data capture SI.

  Scott held prominent positions at Identiv Group in Australia and Singapore, where he excelled in navigating complex business landscapes. His strategic leadership at Everledger, based in Seattle, USA, was crucial to the company’s ascendancy.

  Additionally, as a Board Member of AIM Global, Scott's Insight into omnichannel solutions and his robust commercial acumen have solidified his reputation as a strategic asset in the technology sector.

  Scott's role at Mindhive is pivotal, especially as we've been recognised by Accenture as one of 38 start-ups globally at a Priority 3 Incubate Priority Level. He is at the forefront of leading our execution of Incubate Level targets in collaboration with our Global Consulting Strategic Partner, aiming for 3 sales opportunities or sales exceeding $20M. This initiative is critical for our strategic expansion and aligns with our goal to deepen our engagement in the US market.

  Furthermore, Scott is steering the execution of a $8M Series A funding round in Q2 2024, with a specific focus on engaging US-based venture capitalists. This funding initiative is designed to accelerate our growth and enhance our platform's capabilities, ensuring we remain at the forefront of AI-driven enterprise solutions.

  At Mindhive, our mission to bridge the gap between untapped organisational potential and advanced AI capabilities is bolstered by Scott's strategic insight and experience.

  His leadership in driving our partnerships and capital-raising efforts will be instrumental in our continued success and expansion.

  Thank you for your ongoing support as we enter this exciting new phase of growth and innovation with Scott leading our strategic initiatives.

  As we move ahead, your ongoing support and belief in Mindhive's mission remain crucial to our success. We are excited about the future and look forward to sharing more achievements with you.

Mindhive on AI in Urban Development and Planning

Our client, Queensland University of Technology, started using Mindhive in their marketing faculty. They used it in class and to talk to industry leaders. This helped them build their program without spending a lot - and how marketing classes can help students do better in their jobs.

Yesterday, a story about this was published globally.

We look at what people in the industry think and use collective intelligence. We study how marketing is changing and what it means for teaching. The paper shows how important it is for higher education and businesses to work together. It explains why marketing classes need to change to teach students the right skills for today's fast-changing world.

The story is included in a research article called "Competitive Advantage for Life: An Industry View of Marketing Communication Education" released globally today via The Journal of Marketing Communications. Co-authored by Professor Gayle Kerr, Ian Lings, Leigh Terry, Jef Richards, and Bruce Muirhead.

It's really exciting and shows that you don't need to spend a lot to get global help in education. There are over 3300 universities in the US. What if Mindhive worked with universities to help with teaching, research, and connecting with industry? Here's a growing list of case studies.

We’re incredibly proud to have collaborated with Gayle Kerr on this project, and we’re confident that our findings will resonate with educators, practitioners, and students alike.

Read the full article here.