Startup · $15m raised
Newcastle, NSW
Every investor coverage indicates participated in a round 3ME Technology raised.
| Investor | Rounds | Invested |
|---|---|---|
| Australian Business Growth Fund | Venture debt | $15,000,000 |
Companies 3ME Technology acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Justin Bain | CEO | Defence Connect, SmartCompany, @AuManufacturing |
| Steve Lawn | Head of Growth | SmartCompany |
Stories naming 3ME Technology. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Newcastle battery firm 3ME Technology will show its EdgeVOLT portable power system to the US Defense Innovation Unit under a prototyping effort, with a low-temperature version built on South 8 cells, advancing AUKUS cooperation.
The government-backed growth fund has doubled its largest first-investment size to $30m and may now take majority stakes; it also invested an undisclosed multimillion sum in defence manufacturer Griffin Industrial Group.
Reports that a fund backed by government and major banks has taken a minority stake in a parcel pick-up network, profiling its patient investment model and recalling an earlier cheque to a clean-energy maker.
Also Startup Daily
Enterprise software firm Capsifi has received an $11 million growth investment from the Australian Business Growth Fund, its first for 2022, to fund international expansion, with the fund's earlier backing of two other startups also recalled.
Also SmartCompany·@AuManufacturing·SmartCompany·Techboard·Startup Daily
METS Ignited has granted over $2.5 million in matched funding to six mining technology companies to scale commercialisation, bringing its six-year investment past $13 million across 26 projects.
The Australian Business Growth Fund has made its first investment: $15 million in Hunter Valley battery maker 3ME Technology via a 10-year convertible note, with more SME deals expected.
Case study of battery maker 3ME Technology: CEO Justin Bain raised more than $3 million from mining customers and federal grants, and the firm won a defence contract via cooperative C4 EDGE.