Mindhive Pty Ltd

Transaction Summary

Transaction Overview

The Term Sheet and Application Form, September 2026, is the offer document. Rely only on it.

Use of Funds

Indicative allocation only. Not a commitment and not a budget adopted by the Board. The directors may reallocate. Funds are not applied to repay any related-party loan.

Investment Highlights

Company Overview

Mindhive is the governance layer for enterprise AI: the room where ten to ten thousand participants deliberate together, with role-based agents pressure-testing every position, and a decision-grade audit trail attached to the output.

Human in the loop assumes one person is checking the machine. A board, a leadership team, a whole workforce, a field of stakeholders: the decision belongs to many people at once, and no single reviewer can stand in for them.

What it is not. Not a wrapper around a language model. Not a post-meeting summary tool. Copilot, Otter and Fireflies capture what was said. Mindhive governs what is decided.

Founded in Brisbane and registered in April 2017, now in its fourth platform generation: Mindhive 4 went live on 2 January 2026. Council, the live-meeting agent, was built to version one in April 2026 and is in testing. The Partner Hub launched in June 2026.

Rated 4.8 out of 5 on Capterra. Winner, Technology category, AFR BOSS Most Innovative Companies 2024. Boldest Crowdsourced Online Platform, BOLD Awards, Venice 2019.

In Practice 

The Queensland Government ran the QBCC governance review on it. Two open discussions, 26 January to 18 February 2022, more than 400 stakeholders participating and observing. The coded evidence base ran to 799 comments. The review made 17 recommendations comprising 77 actions, and the Queensland Government supported all 17 in principle in June 2022. Facilitated by the QUT Faculty of Business and Law.

The review was led by Jim Varghese AM, who is Mindhive's Chair. The company discloses this wherever the engagement is cited.

Ventia, ASX-listed. 468 of 600 invited staff answered one CEO roadshow question in March 2023, a 78% participation rate recorded by Ventia. Seven internal use cases and a repeat engagement.

The Second Route To Market

Xero won by making accountants the distribution channel into small business. Mindhive gives consultants the platform, a certification pathway, the methodology, client leads and the compliance stack to deliver under. In return they carry the product into their own client base.

They operate under Mindhive's licence, not just its logo: the brand, the methodology, the ISO/IEC 27001 and SOC 2 certifications and the insurance programme, which is the first thing a client's procurement asks for.

269 Partner Hub members at 9 September 2026, from 59 at 30 June. Built on 1,061 qualified consultant leads across FY2025 and FY2026 at a blended A$19.96, with cost per lead falling 6% across the year and 37% in the final quarter.

Stated plainly: the network is early. Two members held a formal certificate at 30 June 2026, and partner-attributed revenue in FY2026 was nil.

Source: the company's advertising account and Partner Hub database, not restated by the audit. Lead-to-member attribution is not yet established.

The Board's 1 September Resolution

On 1 September 2026 the Board resolved to commence a structured process to explore strategic options, and resolved that the process be funded by this offer.

A company of this size is under-scaled to carry this asset forward alone. What the company has is a certified, contracted, production platform. What it does not have is the balance sheet to put a sales organisation behind it, or the years to build one before the window closes.

The process may or may not result in a transaction, at any value or at all. No adviser had been appointed at the date of the FY2026 directors' report.

Diligence Discipline

Stated here rather than left to be found.

Going concern. The FY2025 audit report carries an unmodified opinion from BDO Audit Pty Ltd with a material uncertainty paragraph relating to going concern. That paragraph is required wherever a company depends on continued funding to trade. It is not a qualification.

Revenue. FY2026 revenue was lower than FY2025. The engineering work for System Operating, 93.8% of FY2025 revenue, ended and the company re-based onto licensing, partners and channel. The FY2026 audit commenced 3 July 2026 and no FY2026 financial figures are published. The audited statements, when issued, prevail over anything on this page.

Channel. Non-exclusive, no minimum commitment, and revenue collected through the agreement to date is nil.

Team. The Board has comprised two directors since 21 May 2026.

Valuation. The directors publish no valuation of the company and the Board has adopted none.

Team