Least Squares was founded by deep technology entrepreneurs who understand that enduring value is rarely created on quarterly timelines. The most consequential companies are not built through financial engineering, but through years of technical iteration, disciplined capital allocation, and the patience to pursue outcomes that may not be apparent to the market for a decade or more. Our investment approach reflects this experience. We seek opportunities where complexity, time horizons and execution risk create a disconnect between intrinsic value and prevailing market expectations.

Our core thesis is simple: Australia is capable of producing world-leading technology businesses, advanced industrial capabilities and globally significant intellectual property. What is often missing is the willingness to underwrite the time required for these assets to mature. Breakthrough technologies are rarely developed, industrialised and commercialised within a five-year investment cycle. Least Squares provides permanent, patient capital with a focus on long-duration value creation, backing exceptional founders, enduring businesses and strategic assets where the compounding of capability ultimately produces returns that short-term investors are unable to capture.