Investor · 4 deals

Bandera Capital

Sydney, NSW

Disclosed deals

Every published round Bandera Capital 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
Hullbot	Series A	4 Nov 2025	$16m	Participant	Folklore Ventures Regeneration VC Climate Tech Partners Katapult Ocean Trinity Ventures Rypples NewSouth Innovations Impact Ventures/Ocean Impact Collective Artesian VC	greenreview.com.au, Startup Daily (Sun 9 Nov 2025), SmartCompany (Fri 7 Nov 2025), marinebusinessnews.com.au, Startup Daily (Tue 4 Nov 2025), Folklore Ventures, SmartCompany (Tue 4 Nov 2025), katapultocean.com, Climate Tech Partners, Artesian VC portfolio, Artesian VC portfolio, Climate Tech Partners portfolio, Folklore Ventures portfolio, Trinity Ventures portfolio
Conry Tech	Pre-seed	13 Dec 2024	$1.6m	Lead	Pacific Channel	Startup Daily (Fri 17 Oct 2025), SmartCompany (Fri 17 Oct 2025), SmartCompany (Tue 14 Oct 2025), Startup Daily (Wed 11 Dec 2024)
MicroTau	Seed	14 Jun 2022	$5.6m	Participant	Clean Energy Finance Corporation Virescent Ventures Bill Tai Amanda Terry ACTAI Ventures	@AuManufacturing (Fri 8 Mar 2024), @AuManufacturing (Fri 8 Jul 2022), @AuManufacturing (Fri 8 Jul 2022), Startup Daily, Virescent Ventures portfolio, @AuManufacturing (Tue 14 Jun 2022), RenewEconomy
Sicona Battery Technologies	Seed	13 Aug 2021	$3.7m	Participant	Riverstone Ventures Artesian VC Chaos Ventures SDGx	Startup Daily (Wed 21 May 2025), SmartCompany (Fri 23 Jun 2023), Startup Daily (Fri 16 Jun 2023), SmartCompany (Fri 13 Aug 2021), Startup Daily (Thu 12 Aug 2021)

Portfolio

Companies Bandera Capital has backed in a published round, and companies whose existing shares it bought off another holder.

Company	First invested	Rounds	Led
Conry Tech	13 Dec 2024, Pre-seed	1	1
Hullbot	4 Nov 2025, Series A	1	0
MicroTau	14 Jun 2022, Seed	1	0
Sicona Battery Technologies	13 Aug 2021, Seed	1	0

Funds

Fund closes reported for Bandera Capital, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Bandera Capital yet.

Portfolio companies acquired

Companies Bandera Capital has backed that another company then bought. An exit for the holding, not a deal Bandera Capital did.

Company	Bought by	Kind	Announced	Price
No portfolio company of Bandera Capital is recorded as having been acquired.

Coverage

Stories naming Bandera Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

9 deals

Eight Aussie startups that raised $108.6 million this week

Roundup of eight funding deals: Synchron's Series D, plus raises by Lumonus AI, Hullbot, Nbryo, Cytophenix, Giftbee, Understanding Zoe and Zeligate, spanning medtech, robotics, agtech and AI.

SmartCompany Fri 7 Nov 2025 Cytophenix Giftbee Hullbot Lumonus Nbryo Synchron Understanding Zoe Zeligate AgriZero Centre for Entrepreneurial Research and Innovation (CERI)Florey Institute of Neuroscience and Mental Health Harry Perkins Institute of Medical Research KPMG Mandalay VC Neuralink Royal Melbourne Hospital Startmate University of Melbourne University of Western Australia UNSW Founders Antler Australia Aviron Investment Management Bandera Capital Brisbane Angels Climate Tech Partners DNX Ventures Folklore Ventures Gates Foundation Katapult Ocean Meat & Livestock Australia NewSouth Innovations NRF Corporation Oncology Ventures Queensland Investment Corporation Regeneration VC Rypples Tenacious Ventures Trinity Ventures Verge HealthTech Fund Euan Murdoch Dr Christine Carson Denver Naidoo Elon Musk James Telders Johan Erchoff Karl Watfern Dr Kieran Mulroney Laetitia Andrac Mark Singer Professor Nicholas Opie Dr Rahul Sharma Sherief Khorshid Teagan Paton Tim Inglis Tom Loefler Dr Tom Oxley

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily

Pre-seed $1.6m

Air-conditioning emissions reduction startup Conry Tech raises $1.6 million pre-Seed

Conry Tech, a Melbourne maker of low-emission air conditioning, banked $1.6 million pre-seed from Bandera Capital, with New Zealand VC Pacific Channel chipping in, to commercialise its modular cooling units.

Startup Daily Wed 11 Dec 2024 Conry Tech Bandera Capital Pacific Channel Ron Conry Sam Ringwaldt

Also SmartCompany·SmartCompany·Startup Daily

11 deals

The startup funding round: Hospitality tech, Kiwis going global, and Blumenthal's bet on plant-based meat

Roundup of recent raises: a New Zealand legaltech Series A, plant-based meat seed funding with a celebrity chef tie-in, hospitality software capital, and battery materials funding, plus board additions.

Also TechCrunch Venture·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·TechCrunch Venture·Startup Daily

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