Active Investments
Allure Capital

Allure Capital · active brief.

Capital deployed where I can take a board seat, advise, or hold an operational position. Founded in 2011. Directors: Nathan Buzza and Trudi Buzza.

Nathan Buzza, Perth.

In one paragraph

What this is — and what it isn’t.

Allure Capital is a boutique family-office investment firm I founded in 2011 to do, with my own money, the kind of investing I’d wanted done for me twenty years earlier. The preference is for healthcare, medical-device, and technology businesses with management who have actually shipped, platforms running at live sites, and a path to exit within thirty-six months.

Across fifteen years I’ve reviewed roughly a hundred proposals and made one or two new investments a year. The list below is what’s active today — deliberately short. The page below it records the engagements that closed.

Investment brief

The mandate, in plain language.

Sector preference: Healthcare software · medical devices · clinical workflow · AI/ML applied to clinical decision support. Adjacent technology businesses considered.

Cheque size: A$100k – A$1m, with capacity to source larger amounts for syndication.

Stake: Meaningful enough to earn a board seat. Typically 5–15%.

Time horizon: Exit within 36 months of entry; longer if the business is compounding well.

Geography: Australian-listed or unlisted. Cross-border deals welcome where I’ve worked the seam before.

Active today

Current engagements.

A deliberately short list. The page below records every closed engagement.

Allure Capital
Private · the vehicle
Operating

Founder & Director · 2011–present

The family-office vehicle itself. Founded 2011, ACN 152 310 766. Directors: Nathan Buzza & Trudi Buzza. Holds the active positions, sources new opportunities, and underwrites the passive portfolio.

Founded 2011 Sole-source capital
Illuminati Magic
Private · wholly owned
Operating

Founder & CEO · 2017–present

Deep-technology business in electronic mentalism — applied AI, real-time computer vision, neural networks, miniaturised electronics and on-device software — serving working professional performers in 80+ countries. Australian headquarters, engineering distributed across continents. The work itself is not discussed in public. Held for the long arc.

80+ countries Generational asset
Halo Medical Devices
Private · seed
Held
The Halo Medical Devices Digital Goniometer in use — measuring joint range of motion via the device’s embedded sensors.

Seed investor

A Sydney-based single-product business making the Halo Digital Goniometer — a clinical-grade joint range-of-motion device validated by UWA, UCSF, UNSW and Bond University. Founder Hayley Saddington/Warren. Held since seed round.

Seed stage Held

Past engagements

Closed positions · the credentials behind the brief.

Board, executive and advisory engagements, since closed. Not all were Allure Capital positions — some predate the firm. Listed for the record.

Alcidion
ASX:ALC
Exited

Director (private company) 2014–17 · Executive Director (ASX-listed) 2016–17

Backed the reverse takeover of Naracoota Resources that listed Alcidion on the ASX in February 2016. Initial scrip plus revenue-milestone tranches. Co-investors: BlueSky PE, Patersons. Today the Miya Precision platform runs in 400+ hospitals globally. Resigned as director and divested.

Listed Feb 2016 Divested
Azure Healthcare
ASX:AZV · later renamed Austco Healthcare
Exited

Cornerstone investor · Management Consultant 2012–13 · Executive Vice President 2013–14

Sub-underwrote the rights issue through Allure Capital, becoming one of the largest shareholders with a position of about 10%, and joined Azure Healthcare alongside founder Bob Grey to drive the turnaround. (The parent company was listed as Azure Healthcare at the time; the business has since been renamed Austco Healthcare — one and the same company.) Share price moved from 3.3¢ to ~34¢. Stepped down April 2014; holding divested.

3.3¢ → ~34¢ Divested
Omnitronics
Private
Exited

Advisory Board · 2017–22 · sale on behalf of shareholders

Invited back to the firm where I’d started as a seventeen-year-old software engineer. Joined the advisory board and led the successful sale of the business on behalf of the shareholders.

Return engagement Successful sale
CommtechWireless
Private · founder equity
Exited

Founder, CEO & Chief Technologist · 1992–2008 · General Manager, Amcom · 2008–10

The original engagement, predating Allure. Founded with A$5,200 in a Mosman Park shed. Sold to Amcom Software in October 2008. Amcom Software was acquired by USA Mobility (now Spok) in 2011.

53 countries at exit Trade sale · Oct 2008

“It was only once Buzza (and founder Robert Grey) both rejoined the company that its fortunes turned around.”

Claude Walker · Ethical Equities · 30 April 2014 · on Azure Healthcare (ASX:AZV)

Seven criteria

How I evaluate a new deal.

The seven criteria, as published by Allure Capital and unchanged since July 2016.

  1. 01
    Australian healthcare-software, medtech or clinical-technology.
  2. 02
    Engineering risk retired. Commercial milestone next.
  3. 03
    Existing paying customers. Not pre-revenue.
  4. 04
    Clear path to ASX listing or trade sale within 36 months.
  5. 05
    Governance involvement. Always. Non-Executive Director, Executive Director or Chair.
  6. 06
    Cheque size AUD $100k to $1m.
  7. 07
    Founders we can stand alongside under pressure.

The other half of the family office

See the passive portfolio →