Venture capital fund · 2 deals
Every published round Capital 49 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 |
|---|---|---|---|---|---|---|
| Metal | Seed | Jun 2026 | ~$50m | Lead | This Week in Australian Startups, Fintech News Australia, AFR Technology | |
| Lorikeet | Series A | Aug 2025 | $54m | Participant | Startup Daily (Tue 23 Dec 2025), SmartCompany (Tue 23 Dec 2025), Startup Daily (Tue 14 Oct 2025), Cut Through Venture, Startup Daily (Mon 13 Oct 2025), SmartCompany (Mon 6 Oct 2025), SmartCompany (Fri 8 Aug 2025), Startup Daily (Thu 7 Aug 2025), Athletic Ventures portfolio, Blackbird Ventures portfolio, Square Peg Capital portfolio |
Companies Capital 49 has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Capital 49, as distinct from the investments it has made.
Companies Capital 49 has backed that another company then bought. An exit for the holding, not a deal Capital 49 did.
Stories naming Capital 49. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly digest: Firmus withdraws its planned listing, Square Peg reaches a billion-dollar close on two vehicles, MUFG clears regulators to buy Grow Inc, and Lubdub, RocketDNA, Energy Bay and Metal all raise.
Metal, co-founded by Loong Wang and Catherine Porter, completed a roughly $50 million seed round with Airwallex and its venture arm Capital 49 as joint leads, per new filings.
Also Fintech News Australia·This Week in Australian Startups
Sydney AI customer-support startup Lorikeet has closed US$35 million in a Series A led by QED Investors, its third round in under a year, lifting total funding beyond $75 million.
Also SmartCompany·Cut Through Venture·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily
Airwallex has secured a $100 million Series E-2 extension at an unchanged $5.5 billion valuation, joined by existing backers plus HostPlus, to fund growth, new products and acquisitions.
Also SmartCompany·Startup Daily·Australian FinTech·SmartCompany·Techboard·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Australian FinTech·Forbes Australia·Australian FinTech·Australian FinTech·Forbes Australia
Airwallex has raised a US$200 million Series E at a US$4 billion valuation, led by Lone Pine Capital, with its founders also unveiling a $200 million fund amid a wave of big local raises.