Investor · 4 deals
Every published round Chevron Technology Ventures 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 |
|---|---|---|---|---|---|---|
| ElectraLith | Series A | 16 Jan 2025 | $27.5m | Participant | RenewEconomy (Mon 10 Aug 2026), RenewEconomy (Mon 10 Aug 2026), Radium Capital (Wed 5 Nov 2025), Radium Capital (Fri 10 Oct 2025), SmartCompany (Fri 17 Jan 2025), Startup Daily, SmartCompany (Thu 16 Jan 2025), Main Sequence | |
| ElectraLith | Series A | 15 Jan 2025 | $2m | Participant | Startup Daily, Breakthrough Victoria, Main Sequence Ventures portfolio | |
| RayGen | Series C | 18 Oct 2021 | $55m | Participant | Startup Daily, @AuManufacturing, Breakthrough Victoria, RenewEconomy (Wed 3 Nov 2021), RenewEconomy (Mon 18 Oct 2021) | |
| RayGen | Unnamed stage | 8 Jun 2021 | $27m | Participant | ARENA, RenewEconomy |
Companies Chevron Technology Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| ElectraLith | 15 Jan 2025, Series A | 2 | 0 | |
| RayGen | 8 Jun 2021 | 2 | 0 |
Fund closes reported for Chevron Technology Ventures, as distinct from the investments it has made.
Companies Chevron Technology Ventures has backed that another company then bought. An exit for the holding, not a deal Chevron Technology Ventures did.
| Name | Role | Sources |
|---|---|---|
| Jim Gable | President | SmartCompany |
Stories naming Chevron Technology Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Radium Capital's R&D lending has passed $1 billion across 1,000-plus companies since 2017; case studies recall WeMoney's $12 million Series A and ElectraLith's $27.5 million Main Sequence-led round.
Also Startup Daily·Australian FinTech·SmartCompany·Fintech News Australia·Fintech News Australia
Roundup of three Australian raises — ElectraLith, Coposit and Convergence Medical — plus Quantum Brilliance naming its Series A backers and Rokt's secondary share sale.
Breakthrough Victoria puts $2 million into ElectraLith, a Victorian startup whose lithium extraction technology was developed at Monash University, as part of a Series A led by Main Sequence.
Breakthrough Victoria's update describes its $2 million commitment to ElectraLith's Series A, led by Main Sequence, covering the lithium extractor's water-free refining technology, Monash ties, pilot plant plans and growing team.
Also Startup Daily
Roundup of the week's funding news: nine companies across Australia and New Zealand secured investment spanning clean energy, construction logistics, legal tech, coaching, research tools, creator media, medtech and marketing software.
Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·LaunchVic
Solar storage company RayGen has opened its Series D with A$20m from Breakthrough Victoria plus US$20m (A$31m) from SLB, backing plans to take its concentrated solar and thermal storage technology into overseas markets.
Also Breakthrough Victoria·RenewEconomy·RenewEconomy·@AuManufacturing
RayGen has banked a $51 million Series D co-led by SLB and Breakthrough Victoria to scale its solar and thermal storage technology, alongside earlier backers AGL Energy, Equinor Ventures and ARENA.
Also SmartCompany·@AuManufacturing·RenewEconomy·Startup Daily·SmartCompany·RenewEconomy
RayGen Resources closed a $51 million round led by SLB, with Breakthrough Victoria contributing $20 million, to expand Victorian manufacturing; the piece recalls its 2021 Series C backers and an earlier ARENA grant.
Also Breakthrough Victoria·RenewEconomy·Startup Daily·RenewEconomy
Breakthrough Victoria announces putting $20 million into RayGen Resources, a Victorian solar and thermal energy storage maker, to support clean energy, local manufacturing and the company's growth alongside its existing backers.
Also Breakthrough Victoria·Breakthrough Victoria·RenewEconomy·Startup Daily·RenewEconomy·@AuManufacturing
RayGen's Series C reached $55 million with Equinor investing $9 million, joining Chevron, AGL, Photon Energy and Schlumberger, plus an ARENA grant, funding a Victorian storage project.
Also Breakthrough Victoria·RenewEconomy·Startup Daily·@AuManufacturing
The government agency announced a $15 million grant to RayGen for a world-first solar hydro power plant in Victoria; RayGen also completed a $27 million equity raise and holds an offtake agreement with AGL.
Brisbane software firm RedEye closed a Series B led by US investor Energy Innovation Capital with Queensland government backing; separately, Athena completed a Square Peg-led Series B with Airtree and Hostplus.
Also Australian FinTech·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily