Investor · 1 deal
Every published round Federal industry department 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 |
|---|---|---|---|---|---|---|
| Millibeam | Grant | 2022 | $2.1m | Participant | Defence Connect, Startup Daily |
Companies Federal industry department has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Millibeam | 2022, Grant | 1 | 0 |
Fund closes reported for Federal industry department, as distinct from the investments it has made.
Companies Federal industry department has backed that another company then bought. An exit for the holding, not a deal Federal industry department did.
Stories naming Federal industry department. 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.
PsiQuantum has relocated its $940m government-backed quantum computing project to Moreton Bay after dropping the Brisbane Airport site, with groundbreaking set for June following timeline slippage flagged in Senate Estimates.
Breakthrough Victoria invests $3 million in Millibeam, a Sydney maker of 5G chipsets expanding in Melbourne, alongside existing backers Main Sequence and Archangel; the piece recalls a 2022 seed round and a federal grant.
Also Defence Connect
Roundup of manufacturing updates: a psychedelics licence for a cannabis producer, a hydrogen grant, patents, a wellness brand acquisition, government program support, and a Turkish diagnostic distribution deal.