Venture capital fund · 3 deals
Capital partner for founders and emerging companies
Sydney, NSW
Every published round Commencer 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 |
|---|---|---|---|---|---|---|
| MadeComfy | Unnamed stage | 5 May 2023 | $10m | Lead | Startup Daily (Mon 4 Aug 2025), vrinsider.com, SmartCompany (Mon 4 Aug 2025), Startup Daily (Mon 6 May 2024), SmartCompany (Fri 5 May 2023) | |
| Mx51 | Series B | 19 Jul 2022 | $32.5m | Participant | Australian FinTech (Tue 9 Aug 2022), Cut Through Venture, Startup Daily (Mon 25 Jul 2022), SmartCompany, Australian FinTech (Wed 20 Jul 2022), Startup Daily (Tue 19 Jul 2022), Artesian VC portfolio, Artesian VC portfolio, Rampersand portfolio | |
| Mx51 | Series A | 31 May 2021 | $25m | Lead | SmartCompany, Startup Daily (Tue 19 Jul 2022), Startup Daily (Mon 31 May 2021), Australian FinTech, Startup Daily (Mon 24 May 2021) |
Companies Commencer Capital has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Commencer Capital, as distinct from the investments it has made.
Companies Commencer Capital has backed that another company then bought. An exit for the holding, not a deal Commencer Capital did.
| Name | Role | Sources |
|---|---|---|
| David Phillips | Managing Director and Chief Investment Officer | Commencer Capital team page |
Stories naming Commencer Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup reporting eight Australian startups together raised $85.6 million across mining tech, cybersecurity, waste, energy storage, health and micromobility, plus a Google.org grant for Global Sisters.
Weekly roundup reporting four Australian startups together raising $69.5 million: Eucalyptus $50 million, MadeComfy $10 million, Safewill $5.5 million Series A, and rebranded InvestorHub $4 million.
Cut Through Venture's August update rounds up July 2022 Australian startup funding, listing raises from Mx51 to WeMoney, Startmate's newest cohort of twelve, and the beta launch of its investor search tool.
Also Techboard
A roundup of Australian startups that raised funds in recent weeks: mx51, Refundid, Storipress, HIVERY, InternMatch, upcover, Pearler and Loopit together secured over $100 million despite a cooling venture market.
Also Cut Through Venture
Payments company mx51 has closed a Series B round of $32.5 million with existing backers participating, after an undisclosed lead investor, and plans to expand in Australia and internationally.
Also Australian FinTech·SmartCompany·Cut Through Venture·Startup Daily·Australian FinTech
Weekly roundup covering CBA's strategic stakes in Little Birdie and Amber, several Australian funding rounds, Zip's BNPL acquisitions, Tritium's planned NASDAQ listing, Amazon's MGM purchase and other global tech news.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Women's Agenda