Founder, Thorney Group · angel in 4 deals
Every published round Alex Waislitz 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.
Companies Alex Waislitz has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Propic | 9 Jun 2021, Series A | 1 | 0 | |
| Immediation | 17 Oct 2021 | 1 | 0 | |
| Firmus Technologies | GPU-powered AI cloud and scalable compute infrastructure | 7 Aug 2026 | 1 | 0 |
| Dubber | 18 Mar 2024, Venture debt | 1 | 0 |
Fund closes reported for Alex Waislitz, as distinct from the investments it has made.
Companies Alex Waislitz has backed that another company then bought. An exit for the holding, not a deal Alex Waislitz did.
Stories naming Alex Waislitz. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
AI infrastructure company Firmus, preparing an ASX listing at a reported $44 billion valuation, has split from partner CDC over a scrapped data centre plan, while its prominent backers stay supportive.
Also The Age Business
Roundup of four Australian raises: Firmus Technologies' US$2 billion round at a $15 billion valuation, Eudaemon's $3.75 million, Zabidou's $3.5 million seed round, and Rampart's $2.3 million.
Firmus has secured a further US$2bn at a $15bn valuation from Coatue, Nvidia, Blackstone and Jane Street, taking its 12-month capital intake past US$3bn to fund Australian AI data centre projects.
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Firmus Technologies received a $100 million strategic investment from Maas Group Holdings, taking total funds raised past $900 million in under five months.
Firmus, an AI data centre builder, has received a further $100 million from Maas Group, lifting its five-month total past $900 million; Maas also sold its construction-materials arm for $1.7 billion.
Metigy co-founder David Fairfull has admitted in court to deceiving investors and misusing his director role, after the marketing software startup's raises were built on fabricated figures before its 2022 collapse.
The co-founder and ex-CEO of collapsed marketing software firm Metigy has admitted to deceiving investors and misusing his director role in a corporate regulator prosecution.
Also SmartCompany
Southern Cross Media's chairman defends its proposed all-scrip merger with Seven West Media, saying major shareholders back it, while Sandon Capital's Radzyminski moves to block the share issue and rivals circle.
Funding roundup covering five raises totalling $340.2 million: Firmus's Nvidia-backed round, plus H3D, Puralink, Escape This and Isaacus, across AI infrastructure, health tech, robotics, entertainment and legal AI.
Also SmartCompany
Australian-founded data centre firm Firmus, based in Singapore, has raised $330 million with Nvidia backing and Ellerston Capital leading, reaching a $1.85 billion valuation and unicorn status ahead of a planned 2026 ASX listing.
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Share trading and super platform Superhero has raised $11 million from existing backers, lifting its post-money value to $150 million, with plans to build tools that give investment advice.
Also SmartCompany
ASX-listed Dubber takes a $5 million bridging loan from Alex Waislitz's Thorney vehicle Tiga Trading after $26.6 million went missing, while an equity raise is planned and ASIC investigates.
Also Startup Daily
Earlypay, an ASX-listed lender, is buying Timelio, a Melbourne invoice and trade finance provider, for $3 million — a fraction of what its shareholders previously invested.
Dispute resolution tech company Immediation entered voluntary administration, with FTI Consulting appointed and seeking recapitalisation or asset sale bids; the article recounts its funding history and leadership turmoil.
Weekly roundup of six Australian startups raising a combined $45.1 million across energy, e-commerce, design software, cloud security, climate tech and insurtech, plus Awayco's acquisition of Barcode Solutions and nVest winning SmartCompany's Pitch.
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Alex Waislitz's Thorney vehicle steered an $11 million round into Awayco, which also bought Sydney point-of-sale firm Barcode Solutions; its chief Shanti Kumar now heads POSConnex, while founder Gideon Gut-Silverman keeps directing growth.
Also SmartCompany
Seven West Media's venture arm joins Antony Catalano and Alex Waislitz in backing their proptech consortium View Media Group, with cash, capital and media services pushing the package past $100 million; the piece also recalls earlier property media deals.
Buildxact has completed an oversubscribed $18.5 million Series A, with Shearwater Capital among the backers and Regal Funds Management leading; several other investors also joined.
Melbourne dispute-resolution software maker Immediation raised AUD 3.6 million from Thorney Investment Group and Alex Waislitz to grow in the US and Europe, and named a new chair plus board and advisory appointments.
Queensland battery maker RedEarth Energy Storage has raised $12 million ahead of a planned 2022 sharemarket float, with Ord Minnett Private Opportunities leading and Perennial Value and Thorney among the backers.
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Venture firm Touch Ventures debuted on the ASX, raising $100 million in its IPO and closing sharply higher; Afterpay backed it, and the firm recently put $1 million into Refundid's seed round.
Proptech chatbot startup Propic has raised a $6 million Series A from Antony Catalano and Alex Waislitz at a reported $22 million valuation, and joined a US real estate accelerator program.
Also Startup Daily
Melbourne dispute-resolution platform Immediation raised a $3.75 million Series A backed by Thorney, Euroz Hartleys and SG Hiscock, and acquired NZ's CODR, while ombudsman Kate Carnell pushes small-business justice reform.
A Melbourne debt-recovery fintech says it will push ahead with a planned sharemarket float and offering, which would value it at several times revenue, as pandemic conditions boost demand for digital bill collection.
Melbourne fintech Credit Clear has appointed broker Bell Potter and is preparing an investor roadshow ahead of a potential IPO that could raise up to $15 million at a $65 million pre-money valuation.
Gut health biotech Microba has raised $10 million in its Series B round, backed by Thorney Investments, Perennial Value and Alium Capital, following Macrogen's separate $4.1 million investment announced the prior week.
Cluey, Mark Rohald's online tutoring venture for schoolchildren, has secured $20 million in Series A backing from Allectus Capital and Thorney, bringing its total funding to $31 million.
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