Venture capital fund · 15 deals
Sydney, NSW
Every published round Galileo Ventures 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 Galileo Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Varicon | 15 Apr 2021 | 2 | 0 | |
| RelevanceAI | 3 Dec 2021, Seed | 2 | 0 | |
| Lumi Interactive | 22 Jun 2022, Seed | 1 | 0 | |
| Kite Magnetics | 5 Oct 2022, Seed | 1 | 0 | |
| Steppen | 27 Oct 2022, Seed | 1 | 1 | |
| Curiious | 17 Aug 2023 | 1 | 1 | |
| Andromeda | Personalised robot companions for aged care and assisted living | Nov 2023, Pre-seed | 1 | 1 |
| CarbonHQ | 12 Feb 2024, Pre-seed | 1 | 0 | |
| TrueState | 21 Jun 2024 | 1 | 0 | |
| Gumnut | 30 Jun 2025, Seed | 1 | 0 | |
| Isaacus | Legal AI models for document enrichment and extraction | 16 Sep 2025, Pre-seed | 1 | 1 |
| Zendir | 17 Sep 2025, Seed | 1 | 0 | |
| Fluent | 4 Aug 2026, Seed | 1 | 0 |
Companies Galileo Ventures'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 |
|---|---|
| Bugster | - |
| BuildAI | - |
| Envirometrics | - |
| Envited | - |
| Fora Therapy | - |
| Lemonade | - |
| Rntr | - |
| Sizle | - |
| Spotify | open.spotify.com ↗ |
| Steppen Fitness | - |
| SyncTech | - |
| Tempest AI | - |
| Tixel | - |
| WiseList | - |
| Wriveted | - |
Fund closes reported for Galileo Ventures, as distinct from the investments it has made.
| Fund | Announced | Committed | Target | Close | Sources |
|---|---|---|---|---|---|
| Fund II | 24 Aug 2026 | $15m | $30m | Interim | Startup Daily, Galileo Ventures, Amatil X portfolio |
Investors that coverage says has money in a fund Galileo Ventures runs. This is a stake in the fund, not in any company the fund has backed.
| Investor | Fund | Sources |
|---|---|---|
| Artesian VC | Fund II | Amatil X portfolio, Dealroom |
| Artesian VC | Galileo Ventures Fund II Expansion | Galileo Ventures |
| Brad Feld | Expansion | - |
| Brad Feld | Fund II | Startup Daily, Dealroom |
| Brad Feld | Galileo Ventures Fund II Expansion | Galileo Ventures |
| Breakthrough Victoria | Galileo Ventures Fund II | @AuManufacturing, Startup Daily, Breakthrough Victoria |
| Innovation Victoria | Expansion | - |
| Innovation Victoria | Fund II | Startup Daily, Amatil X portfolio, Dealroom |
| Innovation Victoria | Galileo Ventures Fund II Expansion | Galileo Ventures |
Companies Galileo Ventures has backed that another company then bought. An exit for the holding, not a deal Galileo Ventures did.
Stories naming Galileo Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup: Blackbird confirms a record fund close and Galileo reaches a first close, Genesis merges with Proudi, IREN secures massive debt, and several startups report raises, grants and program wins.
Artesian writes that Galileo Ventures' second fund has closed $15 million of a $30 million target, counting Artesian and Innovation Victoria among its backers, and has made a first investment in Fluent BCI.
Also Galileo Ventures portfolio·Dealroom·Startup Daily·Startup Daily·Startup Daily·Dealroom
Galileo Ventures has closed the first half of its second fund at $15 million, targeting $30 million, with Innovation Victoria a cornerstone backer; the fund's first cheque went to brain-interface startup Fluent BCI.
Galileo Ventures promotes its report from a May 2026 AI event it hosted with OpenAI, three portfolio companies and several investors, highlighting local venture data and an early-stage investment thesis.
Galileo Ventures recaps three founder interviews from its 2025 newsletter series, covering lessons on Australian venture capital, leading through crisis, and building AI grocery tools.
Galileo Ventures' annual letter looks back on 2025: a partner hire, raises at Relevance AI, Andromeda and Tixel, a 25th investment in Isaacus, and Breakthrough Victoria as cornerstone backer of Fund II.
Also SmartCompany·Women's Agenda·Forbes Australia·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup News (WA)·SmartCompany
Roundup of manufacturing news: Archer Materials' biochip results with IMEC, Resmed's CPAP mask launch, Boeing's RAAF P-8A upgrades, Breakthrough Victoria's $75m across venture funds, an Avalon Airport freight facility, and Sleeptite's FlexiSense.
Victoria's Breakthrough Victoria has committed $75m to five specialist VC funds covering climate tech, life sciences, female founders and healthcare, each pledging a quarter of its capital to local startups.
Breakthrough Victoria is putting $75 million into five venture capital funds, including Virescent, SYNthesis BioVentures, Scale and Galileo, each of which has pledged a quarter of its capital to Victorian startups.
Breakthrough Victoria makes cornerstone investments totalling $75 million into five venture capital funds spanning climate-tech, biotech, diversity-focused and health sciences investing.
Funding roundup covering five raises totalling $340.2 million: Firmus's Nvidia-backed round, plus H3D, Puralink, Escape This and Isaacus, across AI infrastructure, health tech, robotics, entertainment and legal AI.
Also SmartCompany
BZV's post announcing it co-led Zendir's oversubscribed seed round with Investible, joined by Galileo Ventures, TEN13, Jelix Ventures and Innovation Bay, to fund overseas growth of the spacecraft digital-twin platform.
Galileo Ventures has invested $250,000 in legal-AI startup Isaacus as part of a $700,000 pre-seed round it co-led with Aura Ventures; the post explains why it backed founder Umar Butler.
Also Aura Group portfolio·Startup Daily·Startup Daily·europesays.com
Galileo Ventures announces a $240,000 seed backing for Gumnut, a developer-tools startup adding real-time collaboration and AI agents to SaaS forms, and sets out its investment thesis.
Galileo Ventures argues Australia risks missing the AI revolution, proposes a five-pillar national investment strategy, and announces Fund II to back AI founders, citing its Fund I portfolio and Airtrunk's sale as evidence.
Jelix's note explains its fund's participation in Nominal Systems' oversubscribed seed round, profiling the spacetech founders, their industry collaborations, early profitability and plans for recurring digital-twin revenue.
Roundup of nine local startups that together banked a combined $38m-plus this week, spanning precision instruments, proptech, adtech, robotics, food, energy storage and AI, with several earlier raises recalled.
Also Australian FinTech·Startup Daily·SmartCompany·AgFunderNews
Andromeda Robotics secured $3 million in seed funding from Purpose Ventures, which led the deal, to grow its aged-care companion robot Abi; Galileo Ventures provided an earlier pre-seed in 2023.
Also Women's Agenda·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Forbes Australia·Women's Agenda·Startup Daily·SmartCompany·Forbes Australia
Student-run fund NextGen Ventures launches to back university-founded startups, training student investors with partner VC firms and seeking its own capital; its report counts over $1.2 billion raised by student-founded startups since 2012.
A student-run venture fund launches alongside research showing university founders have attracted backing topping $1.2 billion, though women-led teams receive a small share; Blackbird is the most active backer.
Dom Pym discusses his journey from engineering to founding Up Bank and now investing via Euphemia, focusing on social good and underrepresented founders.
Weekly Australian deals newsletter: Amber Electric's Series C, Saltwater Games' seed round, a Q-CTRL grant, CarbonHQ pre-seed, Preplocal backing, Metcash's triple acquisition plus three other deals, and a new AirTree hire.
Roundup of seven Australian startups landing fresh capital and grants: Gaia EnviroTech's $4.3 million deal with RFM, four medtechs sharing $3.25 million via ANDHealth+, Q-CTRL's UK quantum prize, and CarbonHQ's $600,000 pre-seed.
CarbonHQ, a climate startup cofounded by Allen Fan and Eugene Datsky, has secured a $600,000 pre-seed round from Galileo Ventures and Investible to build a platform improving transparency in carbon credit projects.
Seven Australian startups together banked over $90 million in the past seven days across venue software, hydrogen aviation, social media, craft brewing, plastics alternatives, aged-care robotics and accountant training.
Also Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Forbes Australia
Weekly roundup of eight Australian startups together securing $149 million: One Model, SafetyCulture, Hysata, Pendula, Marqo, Medigrowth, Curiious and Zena Sport, spanning HR analytics, safety tech, hydrogen, AI, medicinal cannabis, VR and sportstech.
Also Startup Daily·thebusinesstimes.com.au·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Forbes Australia
Sydney immersive-content firm Curiious has banked $1m in a Galileo Ventures-led round to grow its enterprise 3D platform, four years after a $2m raise for its education product.
Also SmartCompany
An AuManufacturing interview with Kite Magnetics co-founder Richard Parsons covers the Monash spinout's newly completed seed raise, its Aeroperm material for electric aircraft motors, and the 2014 sale of MagniX to Clermont Group.
Steppen, whose app builds fitness habits for Gen Z, has closed a $1.65 million seed round from Galileo Ventures, Flying Fox, LaunchVic's Alice Anderson fund, Startmate, Anthony Eisen and the Jagen family office.
Also SmartCompany
Australian gaming studio Lumi Interactive, founded by Lauren Clinnick and Christina Chen, has raised a US$6.75 million seed round led by a16z to grow its wellbeing-focused mobile game Kinder World.
Tasmanian construction cost-management software firm Varicon raised a $2.25 million seed round led by Black Nova with several industry angels, following a smaller raise a year earlier, to support national expansion.
Also Startup Daily
A weekly roundup reporting ten Australian startups that together raised about $372 million, spanning pet e-commerce, marketplace software, fintech, used cars, cybersecurity, freight, data tools, genetic testing and payments anti-fraud.
Weekly roundup reporting fresh raises by Marketplacer, Arli, DiviPay, Payable, Flotespace and Varicon, plus references to completed campaigns by Coinstash and Superhero.
Weekly newsletter rounds up venture news: multiple Australian and regional VC fund closes, startup raises including Brighte and Judo, acquisitions of eNett and Sine, neobank collapses, and new revenue-based lenders.
Also Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Australian FinTech·Australian FinTech·TechCrunch Venture
Atlassian has launched a corporate venture vehicle to back startups building on its cloud products, with two companies already funded; the piece also notes recent fund raises by several Australian venture firms.
Impact Investment Group launches a $70 million Impact Alternatives fund of funds for impact investing, while several Australian funds including OneVentures, Tidal, Square Peg and Blackbird have recently raised new funds.
A columnist reflects on Shoes of Prey's collapse, drawing lessons about market research, runway, and choosing between venture capital and bootstrapping.