Government · 8 deals
Every published round Australian Business Growth Fund 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 |
|---|---|---|---|---|---|---|
| Griffin Industrial Group | undisclosed | Aug 2026 | - | Lead | SmartCompany | |
| Modra Technology | Unnamed stage | 4 Sep 2024 | $15m | Lead | SmartCompany (Fri 6 Sep 2024), SmartCompany (Wed 4 Sep 2024) | |
| Solbari | Unnamed stage | 3 Jan 2024 | $10m | Participant | SmartCompany (Wed 10 Apr 2024), Startup Daily, SmartCompany (Fri 22 Dec 2023) | |
| Inskin Cosmedics | Unnamed stage | 10 Oct 2023 | - | Participant | Startup Daily, SmartCompany (Fri 22 Dec 2023), SmartCompany (Tue 10 Oct 2023) | |
| DIY Blinds | Unnamed stage | 10 Oct 2022 | $15m | Participant | SmartCompany (Tue 21 Feb 2023), Techboard, SmartCompany (Mon 10 Oct 2022) | |
| Hubbed | Unnamed stage | 15 Jun 2022 | $12m | Participant | Startup Daily, SmartCompany | |
| Capsifi | Unnamed stage | Apr 2022 | $11m | Participant | Startup Daily (Sun 12 Mar 2023), Techboard, Startup Daily (Thu 21 Apr 2022) | |
| 3ME Technology | Venture debt | 8 Oct 2021 | $15m | Lead | SmartCompany (Mon 13 Jun 2022), Startup Daily, @AuManufacturing, SmartCompany (Fri 8 Oct 2021) |
Companies Australian Business Growth Fund has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| 3ME Technology | 8 Oct 2021, Venture debt | 1 | 1 | |
| Capsifi | Apr 2022 | 1 | 0 | |
| DIY Blinds | 10 Oct 2022 | 1 | 0 | |
| Griffin Industrial Group | Aug 2026, undisclosed | 1 | 1 | |
| Hubbed | 15 Jun 2022 | 1 | 0 | |
| Inskin Cosmedics | 10 Oct 2023 | 1 | 0 | |
| Modra Technology | 4 Sep 2024 | 1 | 1 | |
| Solbari | 3 Jan 2024 | 1 | 0 |
Fund closes reported for Australian Business Growth Fund, as distinct from the investments it has made.
| Fund | Announced | Committed | Target | Close | Sources |
|---|---|---|---|---|---|
| Australian Business Growth Fund | Oct 2020 | $540m | $1b | Interim | SmartCompany (Wed 12 Aug 2026), Startup Daily (Wed 15 Jun 2022), Startup Daily (Thu 21 Apr 2022), @AuManufacturing, SmartCompany (Fri 8 Oct 2021), SmartCompany (Fri 4 Jun 2021) |
Investors that coverage says has money in a fund Australian Business Growth Fund runs. This is a stake in the fund, not in any company the fund has backed.
Companies Australian Business Growth Fund has backed that another company then bought. An exit for the holding, not a deal Australian Business Growth Fund did.
Stories naming Australian Business Growth Fund. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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.
Wholesale Investor's news listing spanning Australian private capital: deep-tech and biotech company profiles, property and crypto commentary, Q1 2026 venture funding totals, and guides to wholesale investor qualification.
Partner content profiling Queensland laundry firm Consolidated Linen Service, whose 2024 minority growth investment from the Australian Business Growth Fund brought capital, governance and hiring support while the founding family kept control.
Payments company Airwallex has brought in a new independent chair for its Australian board and added a former New Zealand prime minister as a director; he already leads its NZ board.
Airwallex has appointed Elana Rubin AM to chair its Australian board and former New Zealand prime minister Sir Bill English as a director there, with both roles starting immediately; their other board roles are listed.
Citing AFR reporting, the publisher relays that the federal reconstruction investor is set to announce a stake in a glaucoma treatment developer, alongside venture co-funding, and plugs its June funding panel.
Future Generation launched Future Generation Women, a gender-lens fund seeded with $100 million from the Minderoo Foundation, with twelve women portfolio managers deciding investments pro bono; the trust is open to wholesale investors.
Week's funding roundup: Re-Leased raised US$12.5m for its property platform, Modra landed $15m from ABGF, and Safe Ag Systems drew $2.5m from AgFood Fund; Oltre took out the publisher's pitch contest.
The Australian Business Growth Fund puts $15 million into Modra, a Victorian maker of carpet manufacturing technology, for R&D and hiring; the fund's total outlays now reach $180 million from a $540 million pool.
Also SmartCompany
Kilara Capital has injected $5 million into Sircel, a Sydney-based electronic-waste processor that recently bought collapsed Victorian rival Scipher Technologies, with a Kilara portfolio manager joining the board.
ABGF invests $10 million in Solbari, a Melbourne sun-protective apparel brand, marking the growth fund's second woman-led backing and funding wholesale and overseas expansion.
Also SmartCompany·SmartCompany
Growth fund ABGF has invested $10 million for a minority stake in Solbari, a Melbourne sun-protective clothing label, its tenth deployment and second backing of a female-founded company.
Skincare company Inskin Cosmedics has received an undisclosed investment from the Australian Business Growth Fund, becoming the fund's first women-founded portfolio company; earlier ABGF investments in Hubbed and Derwent Industries are recalled.
Weekly roundup covering six Australian startup raises totalling over $54 million, including Sapia.ai's Series A, rounds for Abyss Solutions, HMC Group and eQ8, plus smaller raises for Oceanfarmr and Subpod.
Techboard's monthly roundup cataloguing April 2022 Australian startup funding: megadeals, seed rounds, grants and crowdfunding, nine acquisitions, several ASX listings, and venture firms' fund news.
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
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.
Profile of the Australian Business Growth Fund, set up with $540 million from the federal government and major banks to make minority equity investments in growing Australian SMEs, now nearing its first deal.
Also SmartCompany·@AuManufacturing·Startup Daily·Startup Daily·SmartCompany