Government · 9 deals
Every published round Advance Queensland took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| WearOptimo | Grant | 1 May 2025 | $25k | Participant | Startup Daily, SmartCompany | |
| Talk All Sport | Grant | 1 May 2025 | $25k | Participant | Startup Daily, SmartCompany | |
| Myriad Studios | Grant | 1 May 2025 | $25k | Participant | Startup Daily, SmartCompany | |
| Imagine Realities | Grant | 1 May 2025 | $25k | Participant | Startup Daily, SmartCompany | |
| Fempro Armour | Grant | 1 May 2025 | $25k | Participant | Startup Daily, SmartCompany | |
| Cérge | Grant | 1 May 2025 | $25k | Participant | Startup Daily, SmartCompany | |
| Crowd Canvas | Grant | 1 May 2025 | $25k | Participant | Startup Daily, SmartCompany | |
| Cool Beans | Grant | 1 May 2025 | $25k | Participant | Startup Daily, SmartCompany | |
| GreaseBoss | Grant | 1 Mar 2021 | $100k | Participant | Cut Through Venture, SmartCompany |
Companies Advance Queensland has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| WearOptimo | 1 May 2025, Grant | 1 | 0 | |
| Talk All Sport | 1 May 2025, Grant | 1 | 0 | |
| Myriad Studios | 1 May 2025, Grant | 1 | 0 | |
| Imagine Realities | 1 May 2025, Grant | 1 | 0 | |
| GreaseBoss | 1 Mar 2021, Grant | 1 | 0 | |
| Fempro Armour | 1 May 2025, Grant | 1 | 0 | |
| Cérge | 1 May 2025, Grant | 1 | 0 | |
| Crowd Canvas | 1 May 2025, Grant | 1 | 0 | |
| Cool Beans | 1 May 2025, Grant | 1 | 0 |
Fund closes reported for Advance Queensland, as distinct from the investments it has made.
Companies Advance Queensland has backed that another company then bought. An exit for the holding, not a deal Advance Queensland did.
Stories naming Advance Queensland. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Cut Through Venture's analysis of Queensland's FY2025 ecosystem: $417 million over 109 deals, climate tech and enterprise software leading, plus standout rounds from EatClub, EcoJoule Energy, FairSupply and WearOptimo.
Heatseeker has closed its pre-seed round at US$1.5 million, led by Capital F, and added a third cofounder as it shifts focus to the US market.
Scalare Partners' first results since its ASX debut show an EBITDA loss with revenue up 115%; its November listing raised $4.3 million and its 27 startups are worth $10.7 million.
ASTN, the NRL and Advance Queensland picked eight Queensland startups for the first Tech Sprint under their new three-year Magic Round partnership; each receives $25,000 to tailor its technology to the league's needs.
Also Startup Daily
Queensland's Advance Queensland initiative has granted more than $5.5 million to 56 small businesses across two programs, with Rainstick and Carbonaught among recipients; Carbonaught also recently won a US government grant.
White Graphene, majority-owned by PPK Group and working with Deakin University, won Boeing's space sustainability pitch competition, securing up to $100,000 to develop boron nitride nanomaterial uses in aerospace.
Angel network Innovation Bay is expanding to Queensland in 2023, planning a Brisbane investor day and a Gold Coast VC retreat; EduVidd's founder credits an earlier pitch event with helping her raise $600,000.
Australian Biotherapeutics has started production at a $10.4 million Coolum factory, backed by a Queensland government grant, in joint venture with Servatus, with growing export output and new jobs expected.
Two Australian startups, Amentum Aerospace and SensaWeb, are going global with help from ANSTO's nandin centre, a NSW export program, a Queensland grant, and SensaWeb's entry to the ATI Boeing Accelerator with Boeing investment.
Queensland industrial IoT startup GreaseBoss joined Y Combinator's accelerator remotely after winning a $100,000 state government grant, having earlier raised pre-seed backing, and plans a seed round.
Also Cut Through Venture
Profile of Queensland compliance-app maker Quick Safety and its CEO, recalling a 2016 challenge win and a 2018 government fund grant that helped the company bring its electrical safety apps to market.