Venture capital fund · 6 deals
Investment products for institutional and individual investors
Sydney, NSW
Every published round Federation 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.
Companies Federation has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Windlab | 30 Sep 2019 | 0 | 0 | |
| Sendle | 29 Jan 2019, Series B | 4 | 1 | |
| George Health | 7 Mar 2020 | 1 | 0 |
Companies Federation's own portfolio page lists that no published round yet places it in. The page is the source; the round is being looked for.
| Company | Site |
|---|---|
| Privacy Policy | irp-cdn.multiscreensite.com ↗ |
Fund closes reported for Federation, as distinct from the investments it has made.
Companies Federation has backed that another company then bought. An exit for the holding, not a deal Federation did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| Sendle | FAST Group | Merger | 8 Aug 2025 | - |
| Windlab | Federation | Acquisition | 5 Jun 2020 | $68m |
Companies Federation acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Windlab | Acquisition | 5 Jun 2020 | $68m | RenewEconomy (Wed 17 Jun 2020), RenewEconomy (Fri 5 Jun 2020) |
| Name | Role | Sources |
|---|---|---|
| Neil Brown | Partner | Startup Daily, Federation team page |
| Rebecca Thomas | Investment Director and Head of Responsible Investments | Federation portfolio |
| Tahlia Rozis | Business Development Manager | Federation portfolio |
Stories naming Federation. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
The Sendle delivery brand, liquidated earlier in 2026 after a troubled merger, has been bought by logistics executive Andrew McKenna, who expects a September relaunch with Quantium Solutions handling deliveries.
Australia's Capacity Investment Scheme storage auction names fifteen grid battery winners; Ampyr takes four projects, with Ascera, Potentia and Equis among the others, and a further tender has opened.
Australia's Capacity Investment Scheme named 15 winning battery storage projects, seven of them in Queensland; Ampyr Energy took the most slots, and a further tender is open for bids until August 2026.
Touch Ventures twice marked its Sendle holding down to nothing during 2025, first over a harsh Federation financing, then after claims against merger partner ACI Logistix, before Sendle's sudden shutdown.
Federation says ACI Logistix hid its finances before merging with Sendle and FirstMile into Fast Group, now winding down, killing the courier; the article also recalls past Sendle and Strongroom raises.
Directors at Sendle's parent FAST Group voted to shut the delivery business after it could not raise the money needed to survive; Federation had propped it up while rivals Aramex and Interparcel courted customers.
Alternative parcel delivery firm Sendle stopped taking bookings five months after merging into US parent Fast Group, whose financial troubles led investor Federation Asset Management to suspend fund withdrawals and inject emergency capital.
Also SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany
Sendle has halted new parcel shipments, disrupting small business customers. The article recalls its 2021 Series C, a 2024 raise, its merger creating FAST Group, and emergency capital from Federation Asset Management.
Federation Asset Management hires Rebecca Thomas to head responsible investments as investment director and brings in Tahlia Rozis to manage business development.
Federation announces it has bought out all shareholders of Homesafe Solutions, a provider letting older Australians tap their home equity without taking on debt or downsizing.
Federation and its unnamed co-investors have sold their indirect stakes in George Clinical to Hillhouse Capital, with the announcement made on Federation's own site. No price is disclosed.
Federation's site reports the asset manager is raising new money while its portfolio company Windlab seeks a financial adviser for its Queensland project.
Breakthrough Victoria launched a $100m program with nine Victorian universities to fund university startups; its first $7.5m went into Melbourne's $15m Genesis Pre-Seed Fund, and RMIT spin-out Atmo Biosciences recently raised $9.6 million.
Federation Asset Management announces it is launching its second fund, Federation Alternative Investments II (F2), aimed at institutional investors; no committed amount or target is stated.
Windlab shareholders approved a Forrest-backed takeover led by Federation Asset Management and Squadron Energy, valuing the wind developer near $68 million, while Infigen urged caution over a $777 million bid from UPC and AC Energy.
Also RenewEconomy
The George Institute's commercial arm and its drug development company have secured $53 million from three Australian investors to speed commercialisation of medical research, with Brandon Capital's Ingmar Wahlqvist involved.
Federation Asset Management announces an investment in George Health Enterprises, part of a 53 million dollar cash injection from Australian investors, described as a major private-public health partnership.
Also Brandon Capital portfolio·Brandon BioCatalyst portfolio
Windlab has received a takeover bid from Federation Asset Management at one dollar per share, valuing the wind developer near 68 million; the piece recalls its 2017 exchange listing and Federation's earlier stake purchase.
Eaton Square has hired Iain Maine, a chartered accountant with three decades in corporate finance, as a Principal in its Sydney office; he previously founded Federation Capital.
Federation Asset Management says it has agreed to buy an 18.4 per cent stake in Windlab, a purchase that would position it as the company's biggest shareholder.
Also RenewEconomy
Federation Asset Management has announced it is launching a new capital raising open to institutional investors. No amount, target or committed capital is stated, so this is an intention only.
The publisher announces delivery startup Sendle has raised a $20 million Series B round led by Federation Asset Management, one of the investor's first investments, funding growth and international expansion.
Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily
Delivery startup Sendle has closed a $20 million Series B led by Federation, with three other backers, and separately Humanforce has raised $22.5 million from Accel-KKR for overseas expansion.
Delivery startup Sendle has closed an oversubscribed $20 million Series B led by Federation Asset Management, with repeat backing from three existing investors, and plans to grow market share and expand overseas.