Company
Hervey Bay, QLD
Every investor coverage indicates participated in a round Consolidated Linen Service raised.
Companies Consolidated Linen Service acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Consolidated Linen Service. 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.
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.
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
Roundup of Australian manufacturing briefs: ZoneRV wins a Queensland grant, CLS and ARM Hub build a laundry robot prototype, Traffic Technologies lands a street-light order, Conflux launches a cooler, and UNSW unveils a solar car.