Corporate / CVC · 1 deal
Adelaide, SA
Every published round AES 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 |
|---|---|---|---|---|---|---|
| 5B | Accelerator | 30 Jul 2020 | US$8.6m ($11.9m) | Lead | Forbes Australia, RenewEconomy (Mon 13 Sep 2021), Blackbird Ventures portfolio, RenewEconomy (Thu 30 Jul 2020) |
Companies AES has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| 5B | 30 Jul 2020, Accelerator | 1 | 1 |
Fund closes reported for AES, as distinct from the investments it has made.
Companies AES has backed that another company then bought. An exit for the holding, not a deal AES did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of AES is recorded as having been acquired. | ||||
The transaction that ended AES's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| DEWC Systems | Acquisition | May 2019 | - | indailysa.com.au, @AuManufacturing, Startup Daily, satnews.com |
Companies AES acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Every investor coverage indicates participated in a round AES raised.
| Name | Role | Sources |
|---|---|---|
| Andrés Gluski | President | RenewEconomy |
| Bruce Lobb | Managing Director (former) | satnews.com |
Stories naming AES. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
US energy company AES has anchored 5B's US$8.6 million funding round. The Sydney solar startup's technology is earmarked for the Sun Cable project, with first deployments planned in Panama and Chile.
Also RenewEconomy
Adelaide defence firm DEWC Systems won a $3.1 million government contract to develop a CubeSat electronic warfare sensor constellation, having earlier bought engineering firm AES to build its own hardware.
Adelaide electronic warfare firm DEWC Systems plans to launch its MOESS CubeSat constellation from Southern Launch's Whalers Way site, recalls a grant, and has acquired local engineering firm AES.