March 2025

Dear Valued Investors,

We are pleased to share significant progress as we continue to scale Mindhive’s commercialisation and strategic initiatives. As always, we appreciate your continued support as we drive innovation and growth in the AI-driven enterprise augmentation space.

Latest Milestone Achievement: Advance Queensland Ignite+ Commercialisation & Growth Program

We are thrilled to announce that Mindhive has been selected to participate in the Advance Queensland Ignite+ Commercialisation & Growth Program. This competitive and prestigious program is designed to accelerate high-growth Queensland businesses by providing tailored business support, strategic mentoring, and commercialisation pathways. Being accepted into this initiative underscores the strength of our innovation, market readiness, and growth potential.

Through this program, we will gain access to:

  • A dedicated Mentorship and Advisory Board, reinforcing our commercialisation strategy and market entry plans.

  • Enterprise Scaling and Funding Support, connecting us with ecosystem leaders and capital networks.

  • Global Expansion Roadmap, enabling us to strengthen our strategic partnerships with Accenture, Microsoft, and consulting firms driving AI-powered decision intelligence.

Strong Traction and Market Momentum

In the past quarter, Mindhive has achieved key milestones that further solidify our market position:

  • Consultant Network Expansion: We remain focused on onboarding 10,000+ consultants within the next 12 months, amplifying our AI-powered insights and decision-making capabilities.

  • Enterprise & Government Adoption: We continue to deepen our relationships with enterprise and public sector clients, with significant engagements underway to drive AI-augmented enterprise collaboration.

  • Revenue Growth: We will continue to leverage strategic partnership opportunities with aligned partners, including Accenture, Queensland and Australian Government grants, and our QIC investment partnership (8% stakeholding equity). These efforts position us to surpass $750K in Annual Recurring Revenue (ARR) by late 2025.

Upcoming Strategic Focus

As we build on our current strategy, our priorities remain:

  1. Accelerating U.S. & U.K. Market Entry – Leveraging Accenture’s Global Business Intermediary Agreement to secure key enterprise contracts.

  2. Strengthening AI Augmentation & Proxy Adoption – Enhancing our AI-driven enterprise augmentation suite to deliver unmatched decision intelligence capabilities.

  3. Driving Profitability & Sustainability – Continuing cost optimisation strategies while ensuring revenue acceleration to achieve break-even by mid-2025.

Investor Confidence and Outlook

Mindhive’s participation in Ignite+ Commercialisation & Growth validates our market potential and reinforces our trajectory toward becoming a global leader in AI-driven collaboration. With continued execution on our strategic roadmap, we are confident in delivering strong value creation for our investors.

Thank you for your continued trust and support. We look forward to updating you on further milestones in the coming months.

In today’s rapidly evolving business landscape, traditional leadership models are no longer sufficient.

Mindhive investors and shareholders are invited to join Mindhive’s System Operating Executive program. The System Operating Executive Program offers a collaborative, participatory approach that integrates cutting-edge thinking with real-world application. This program brings together high-level executives to explore and implement new strategies that simplify decision-making, optimise organisational efficiency, and promote long-term sustainability.

More details here: https://system-operating.ai/executive-program

Investor Centre

Mindhive is delighted to announce that they have expanded the Board of Directors, with Ben Johnston appointed as Director.

Ben Johnston has spent more than 18 years developing businesses, consulting on digital strategy and identifying market gaps and future trends. He's founded and co-founded some hugely successful companies, including digital ventures studio Josephmark (JM), motion design company Breeder, indigenous creative agency Gilimbaa. Portfolio companies include trending music platform We Are Hunted (acquired by Twitter in 2012), and Clipchamp (acquired by Microsoft in 2021).

Mindhive CEO Bruce Muirhead said of the appointment, "Ben has been a critical part of Mindhive's continuing global emergence. Ben first engaged with Mindhive when Josephmark reimagined and redesigned Mindhive."

"Ben's experience and knowledge of our company, the ideas industry, and the emerging metaverse bring great strength to Mindhive. We are delighted to have him joining the board and driving the company forward. His input from a strategic and design perspective will be hugely significant as we plan the next phase of the Mindhive's growth and expansion."

Ben said of his appointment, "I am delighted to have joined the Board of Directors and look forward to further assisting the business on a global strategic level. With the developing metaverse, Mindhive can capture the world's surplus capability in purposeful, new, exciting ways. It's an exciting time for the company's development and growth."

The board's expansion is another indication of the commitment Mindhive has to grow the business significantly over the coming years. Having experienced rapid growth since the transition to enterprise tech, there is a clear desire to keep that level of development moving forward.

Bruce added, "Our global strategic alliances, client development and AI machine learning will be key to our success and meeting our objectives. It is a fascinating time within the business and a great opportunity for all to develop along with the company."

Ben Johnston joins Mindhive Board

With both sadness and gratitude, we must announce that Lindley Edwards will be resigning as the Chair of Mindhive Pty Ltd.

Lindley has been with Mindhive since its inception, taking on Chair of Mindhive Pty Ltd. in 2017. Since then, she has helped usher in a new strategic plan through the Board of Directors and staff, helped raise funds and build critical strategic partnerships, and provided guidance on improving and stabilising operations. Above all, she has always believed in the vision of Mindhive of what we set out to achieve – to create a more insightful world.

"I have been involved in Mindhive since its inception because I believe in the theory of the wisdom of crowds, which is based on evidence that independently sourced collective knowledge and opinions of a group are better at decision-making, problem-solving, and innovating than an individual. Mindhive is at an exciting juncture where it is adding AI capabilities to further unlock crowd wisdom". 

Lindley Edwards 

Lindley holds a PhD in Philosophy and two undergraduate degrees, one in Accounting and the other in Banking and Finance. She also holds several post-graduate qualifications in Corporate Governance, Technology Strategy and Digitization. Lindley has also undertaken various Financial Services regulatory courses. She is a Senior Fellow of FINSIA, the Australian Financial Services Industry body, a Member of the Australian Institute of Company Directors and a Fellow of the Royal Society of Arts and Sciences in London. Her knowledge, experience and wisdom have been invaluable to the Mindhive team. 

Lindley leaves Mindhive in a very strong position for continued growth, and we sincerely thank her for her contribution and leadership during her time here. The Board wishes her the best of luck and opportunities in her future endeavours.

Lindley's last day will be June 30, when a successor or interim Chair will be named. Until then, the Board will continue to oversee the process of permanently filling the position. 

I know you join me in wishing Lindley well over the coming months as she moves to spend more time in the US. If you have any questions about the transition or the organisation, do not hesitate to reach out to me at ceo@mindhive.org.  

Best

Bruce Muirhead

CEO & Founder

Founding Mindhive Chair Lindley Edwards announces resignation following five years of service

Learn more.

corporateaffairs@mindhive.org

200 Adelaide Street
Brisbane, QLD, 4000

AUSTRALIA

 

Mindhive Investors include:

  • Queensland Business Development Fund

    2017

    We are proud to announce that today, the Queensland Government has closed a $750,000 investment in Mindhive through the Business Development Fund (BDF). The BDF, a cornerstone of the Advance Queensland strategy, co-invests up to $2.5 million alongside private sector co-investors to support businesses in transforming their ideas and innovations into commercial realities. BDF investment decisions are made by an independent panel of venture capital experts who assess each company based on their individual merits.

    Mindhive is thrilled to join over 40 other innovative Queensland businesses that have collectively received over $60 million in investment from the Fund to date. We are honored to be considered one of Queensland's most innovative companies and are excited to welcome the Queensland Government as a shareholder in Mindhive.

    As we continue our journey, we look forward to the valuable support and collaboration with the Queensland Government, leveraging their resources and expertise to propel Mindhive's growth and success in the technology industry.

  • Bizzell Capital Partners

    2017

    We are excited to announce that Bizzell Capital Partners (BCP) has closed an investment in Mindhive, becoming a valued shareholder in our company. BCP is a boutique corporate advisory firm that provides expert advice and financing to both private and public enterprises. With a focus on small and mid-cap companies, BCP specializes in offering capital for the expansion and development of projects and companies across the energy, mining, technology, and finance sectors.

    Mindhive is thrilled to welcome Bizzell Capital Partners to our team of investors. Their expertise and support will undoubtedly contribute to our continued growth and success in the technology industry. As we move forward, we look forward to fostering a strong partnership with BCP, leveraging their knowledge and resources to help Mindhive reach new heights.

  • Josephmark Ventures

    2019

    We are delighted to announce that digital ventures studio, Josephmark, has become a shareholder in Mindhive. Josephmark is renowned for identifying, building, and scaling ideas that positively impact our world. Utilizing a systematic approach, they venture from concept to company, transforming innovative ideas into successful businesses.

    Josephmark's notable achievements include the sale of We Are Hunted to Twitter, and an impressive list of clients such as Red Bull, Tammy Hembrow, General Public, Myriad, Future Women, Melbourne Mint, Commonwealth Bank of Australia, Language Media, and Interactive Media Holdings (the new Myspace).

    Mindhive is excited to welcome Josephmark as a shareholder and looks forward to the invaluable insights, expertise, and support they bring to our company. Together, we will continue to drive innovation and success in the technology industry, positively shaping the world with groundbreaking ideas and solutions.