Startup · $2.3m raised · Financial services
R&D finance and loans against anticipated R&D tax refunds
Sunshine Coast, QLD
Every investor coverage indicates participated in a round Advanced raised.
| Investor | Rounds | Invested |
|---|---|---|
| Wayne Gerard | Unnamed stage | - |
| Phil Cummins | Unnamed stage | - |
| Alan Hegerty | Unnamed stage | - |
| Adrian Bunter | Unnamed stage | - |
Every published round Advanced 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 Advanced has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Advanced, as distinct from the investments it has made.
Companies Advanced has backed that another company then bought. An exit for the holding, not a deal Advanced did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Advanced is recorded as having been acquired. | ||||
Companies Advanced acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Alex Knight | Founder | Startup Daily, Capital Brief |
Stories naming Advanced. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Creditors have voted to wind up Canberra insect-protein startup Goterra after sale and recapitalisation efforts failed, with administrators reporting mounting losses and recoveries likely confined to their fees.
Equity raise of $2.3m by Advanced, a Sunshine Coast R&D finance startup building a $25m lending fund; backers include Wayne Gerard and Phil Cummins, who joins the board.
A Sunshine Coast R&D finance provider has launched, having secured mostly debt funding plus some equity to lend against startups' future tax refund claims, with several client companies already named.
Also Startup Daily