Investor · 1 deal

DCode Capital

Disclosed deals

Every published round DCode 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
HEO	Series B	21 Sep 2026	$37m	Participant	Beaten Zone Venture Partners NRF Corporation Ten13 Deepwater Paspalis Dr Vu Tran AirTree Ventures Salus Ventures UNSW Sydney Dumm Capital Wunala Capital Angel Investors	Startup Daily (Tue 13 Oct 2026), Cut Through Venture, Dynamic Business, This Week in Australian Startups, Space Connect, Forbes Australia (Mon 21 Sep 2026), Startup Daily (Mon 21 Sep 2026), Forbes Australia (Mon 21 Sep 2026), Beaten Zone Venture Partners portfolio

Portfolio

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

Company	What it does	First invested	Rounds	Led
HEO		21 Sep 2026, Series B	1	0

Funds

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

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

Portfolio companies acquired

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

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

Coverage

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

15 deals

🇦🇺 This Week in Australian Startups #179, 26th September 2026

Weekly roundup recording a dozen raises and acquisitions, Firmus's scheduled float, a new $50m venture fund, a founder share sale, grant winners, an accelerator intake, and an AI agent's government breach.

This Week in Australian Startups Sat 26 Sep 2026 Amber Electric Auric CodeBreakers Fever Heidi Health HEO Hubblenetwork Kinoxis Therapeutics Medcast OpenDebt Remagine Labs RentBetter Significant Capital Ventures TasTest Zeligate Advanced Navigation Afterpay Airtasker AirTrunk Airwallex Anthropic AUSTRAC Australian Government Australian Signals Directorate Catch CDC Centre Droneshield Elixinol Wellness Ellerston Capital Employment Hero Firmus Technologies Genetic Signatures Innovaero Investment NSW Kongsberg Luxury Escapes Medicare Microba Life Sciences Morgan Stanley National Transport Solutions Nearmap News Corp NSW Government Ofload OpenAI ParaScript Ramp South Australian Government Spark Capital Stakk Limited Telix Pharmaceuticals Telstra The U Group The University of Sydney Thoma Bravo University of Canberra University of Newcastle UNSW Sydney Victorian Government Vitable 1GT AirTree Ventures Angel Investors Antler Australia Athletic Ventures Avicella Capital Baillie Gifford Beaten Zone Venture Partners Best Practice Blackbird Ventures Carthona Capital CSIRO DCode Capital Deepwater Dumm Capital E.ON EQT ETF Partners EVP General Catalyst Headline Innovation Victoria Main Sequence Ventures Medical Research Future Fund Monash University NRF Corporation Paspalis Phoenix Court Point72 Salus Ventures Scalare Partners Stoic Venture Capital Ten13 Uniseed UniSuper Greg Boorer Pat Cummins Sam Kerr Albanese Anoulack Chanthivong Gabby Leibovich Hezi Leibovich Jack Zhang Jonathan Lui

Also DealStreetAsia·Dealroom·This Week in Australian Startups·AFR Technology·AFR Technology·Startup Daily·AFR Technology·AFR Technology·ABC News Technology·iTnews

3 deals

Space monitoring startup scores NRF backing in $37 million Series B

Beaten Zone Venture Partners led a US$25 million Series B in HEO Robotics, which images other spacecraft, with the NRFC contributing $10 million; the piece also recalls earlier Series A and seed rounds.

Startup Daily Mon 21 Sep 2026 Australian Department of Defence HEO NRF Corporation UNSW Founders US National Reconnaissance Office Winton Group YC AirTree Ventures Beaten Zone Venture Partners DCode Capital Salus Ventures David Harding David Gall Dr William Crowe

Also Forbes Australia·Forbes Australia·Cut Through Venture·Startup Daily·Space Connect·This Week in Australian Startups·Dynamic Business

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