Venture capital fund · 5 deals
Melbourne, VIC
Every published round Gravel Road 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.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Veyor | Seed | 23 Apr 2024 | $2.8m | Participant | Startup Daily (Fri 6 Mar 2026), SmartCompany (Fri 6 Mar 2026), Startup Daily (Tue 3 Mar 2026), SmartCompany (Fri 26 Apr 2024), Startup Daily (Tue 23 Apr 2024), SmartCompany (Tue 23 Apr 2024) | |
| CLT Toolbox | Seed | Oct 2023 | $1.5m | Lead | Startup Daily (Fri 24 May 2024), SmartCompany (Fri 24 May 2024), SmartCompany (Tue 21 May 2024), SmartCompany (Fri 13 Oct 2023), Startup Daily (Tue 10 Oct 2023) | |
| Adatree | Series A | 28 Sep 2022 | - | Participant | Techboard, Australian FinTech, Flying Fox Ventures portfolio | |
| Veridooh | Series A | 6 Jun 2022 | $5m | Participant | Mumbrella, Startup Daily (Thu 18 Sep 2025), Startup Daily (Mon 6 Jun 2022) | |
| Mastt | Series A | 14 Mar 2022 | $9.5m | Participant | Techboard, Startup Daily (Mon 21 Mar 2022), Startup Daily (Mon 14 Mar 2022), Our Innovation Fund (Mon 14 Mar 2022), Our Innovation Fund (Mon 14 Mar 2022), Artesian VC portfolio, Artesian VC portfolio, Investible portfolio, OIF Ventures portfolio |
Companies Gravel Road 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 |
|---|---|---|---|---|
| Adatree | 28 Sep 2022, Series A | 1 | 0 | |
| CLT Toolbox | Oct 2023, Seed | 1 | 1 | |
| Mastt | 14 Mar 2022, Series A | 1 | 0 | |
| Veridooh | 6 Jun 2022, Series A | 1 | 0 | |
| Veyor | 23 Apr 2024, Seed | 1 | 0 |
Companies Gravel Road 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 |
|---|---|
| GoDaddy | godaddy.com ↗ |
Fund closes reported for Gravel Road Ventures, as distinct from the investments it has made.
Companies Gravel Road Ventures has backed that another company then bought. An exit for the holding, not a deal Gravel Road Ventures did.
| Name | Role | Sources |
|---|---|---|
| Robert Phillpot | CEO | Square Peg Capital portfolio |
| Rob Phillpot | CEO | Startup Daily |
| Jo Lanyon | Chief of Staff | Startup Daily |
Stories naming Gravel Road Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Melbourne construction software firm SPEC Toolbox, once CLT Toolbox, has banked a fresh $3 million round with Black Nova and Investible co-leading, its third raise after earlier seed and bridge funding.
Also SmartCompany
Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.
Weekly roundup covering five Australian startups' raises: Phasio's seed led by AirTree, CLT Toolbox, X-Hemp's crowdfunding, gridmo's first round, and Humpday's pre-seed from Antler.
CLT Toolbox, a Melbourne maker of software teaching builders about mass timber, has raised $1.5 million from BluescopeX, Gravel Road, Archangel Ventures, Flying Fox, Ecotone and several angels.
Construction materials tracking startup Qflow closed a Series A led by Systemiq Capital to grow in the US and Australia; the piece recalls earlier seed backing and lists construction industry customers.
Australian Consumer Data Right platform Adatree closed an oversubscribed second funding round, drawing re-investment from existing backers and new investors including Aconex's co-founders' family offices and MoneyPlace's founder.
Also Techboard
Out-of-home ad verification firm Veridooh has secured a $5 million Series A led by EVP, with Jelix Ventures, Saniel and Gravel Road participating, its first outside capital, to fund international growth from its Sydney base.
Also Startup Daily·Mumbrella
Construction software firm Mastt has banked $9.5 million from OIF Ventures and other backers, including the Aconex founders' fund, to fuel its push into the United States and Middle East.
Also Startup Daily·SmartCompany·Cut Through Venture·Startup Daily
Sydney gifting app Shouta has raised a $1 million seed round from entrepreneur angels including Aconex's Rob Phillpot and Carsales' Steve Kloss, to grow its team and expand its Shouta Biz workplace offering.
Also Startup Daily
Square Peg's podcast interviews Aconex co-founders Leigh Jasper and Robert Phillpot about building the construction collaboration platform, its 2014 ASX listing, and its 2018 acquisition by Oracle for A$1.6 billion.
Also SmartCompany·SmartCompany