Angel investor · Advisor, HealthMatch

Lucy Turnbull

Disclosed deals

Every published round Lucy Turnbull 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
Morse Micro	Series C	Sep 2025	$88m	Participant	NRF Corporation Uniseed MegaChips Blackbird Ventures Main Sequence Ventures Hostplus NGS UniSuper Ray Stata Startmate Malcolm Turnbull	Startup Daily (Tue 13 Oct 2026), smallbizai.au, Startup Daily (Tue 23 Dec 2025), SmartCompany (Tue 23 Dec 2025), Forbes Australia (Wed 12 Nov 2025), Startup Daily (Wed 29 Oct 2025), Startup Daily (Tue 14 Oct 2025), Startup Daily (Sat 27 Sep 2025), SmartCompany (Fri 26 Sep 2025), Startup Daily (Tue 23 Sep 2025), Forbes Australia (Tue 23 Sep 2025), morsemicro.com, Forbes Australia (Tue 23 Sep 2025), semiiphub.com, SmartCompany (Tue 23 Sep 2025), builtinsydney.au, Blackbird Ventures portfolio, Main Sequence Ventures portfolio
Morse Micro	Series B	9 Sep 2022	$140m	Participant	MegaChips MegaChips Corporation Blackbird Ventures Main Sequence Ventures Clean Energy Finance Corporation Skip Capital Uniseed Lucy SpringCapital Malcolm Turnbull	Startup Daily (Sat 27 Sep 2025), SmartCompany (Fri 26 Sep 2025), Startup Daily (Tue 23 Sep 2025), SmartCompany (Tue 23 Sep 2025), Techboard, Forbes Australia, SmartCompany (Thu 15 Dec 2022), SmartCompany (Thu 1 Dec 2022), Startup Daily (Mon 28 Nov 2022), SmartCompany (Thu 6 Oct 2022), Startup Daily (Mon 3 Oct 2022), SmartCompany (Fri 9 Sep 2022), Startup Daily (Wed 7 Sep 2022), Startup Daily (Wed 7 Sep 2022)
HealthMatch	Series B	8 Jun 2021	$18m	Participant	Square Peg Capital Malcolm Turnbull Tempus Partners the family office of Malcolm Turnbull and Lucy Turnbull January Capital Brandon Carp Nicky Carp	SmartCompany (Fri 16 Sep 2022), Startup Daily (Mon 12 Sep 2022), Startup Daily (Wed 29 Jun 2022), SmartCompany (Tue 24 Aug 2021), Startup Daily (Tue 8 Jun 2021), Square Peg Capital portfolio, SmartCompany (Fri 18 Dec 2020), Startup Daily (Tue 8 Dec 2020), SmartCompany (Tue 8 Dec 2020), Crunchbase News, Women's Agenda, January Capital portfolio
SafetyCulture	Secondary	13 Apr 2020	-	Buyer	Malcolm Turnbull Skip Capital	SmartCompany (Fri 30 Jul 2021), SmartCompany (Tue 4 May 2021), Startup Daily, SmartCompany (Thu 9 Apr 2020), TechCrunch Australia

Portfolio

Companies Lucy Turnbull has backed in a published round, and companies whose existing shares it bought off another holder.

Company	First invested	Rounds
HealthMatch	8 Jun 2021, Series B	1
Morse Micro	9 Sep 2022, Series B	2
SafetyCulture	13 Apr 2020	0

Funds

Fund closes reported for Lucy Turnbull, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Lucy Turnbull yet.

Portfolio companies acquired

Companies Lucy Turnbull has backed that another company then bought. An exit for the holding, not a deal Lucy Turnbull did.

Company	Bought by	Kind	Announced	Price
No portfolio company of Lucy Turnbull is recorded as having been acquired.

Role	Organisation	Sources
Advisor	HealthMatch	Women's Agenda
Chair (former)	Immutep	SmartCompany

Coverage

Stories naming Lucy Turnbull. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

3 deals

Morse Micro raises $88 million for long-range Wi-Fi chips

Sydney chipmaker Morse Micro has banked an $88 million Series C led by Japan's MegaChips, with the national reconstruction fund and several existing backers also participating; funds will drive growth and future chip development.

SmartCompany Tue 23 Sep 2025 Morse Micro Broadcom Myriota NRF Corporation Polyactiva Vault Cloud Blackbird Ventures Hostplus Main Sequence Ventures MegaChips NGS UniSuper Lucy Turnbull Malcolm Turnbull Andrew Terry David Gall Michael De Nil

Also Startup Daily·builtinsydney.au·semiiphub.com·Forbes Australia·morsemicro.com·Forbes Australia·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Forbes Australia·smallbizai.au

3 deals

Clinical trials startup HealthMatch lands $10 million Series C

Sydney clinical trials platform HealthMatch raised a $10 million Series C led by Folklore Ventures with Square Peg participating, after laying off half its staff in June; funds will support rehiring and US expansion.

Startup Daily Mon 12 Sep 2022 HealthMatch AbbVie Boehringer Ingelheim Chris O'Brien Lifehouse Imugene Roche Group The University of Sydney Tinder Folklore Ventures Square Peg Capital Alister Coleman Lucy Turnbull Malcolm Turnbull Manuri Gunawardena Paul Bassat

Also SmartCompany·Techboard

Funding announcement

Manuri Gunawardena is changing the future of medicine with HealthMatch

Profile of HealthMatch founder and chief executive Manuri Gunawardena, covering the patient-trial matching platform's investor backing and her win at Veuve Clicquot's Bold Future Award.

theceomagazine.com Tue 13 Jul 2021 FloodMapp HealthMatch January Capital Neighbourlytics Square Peg Capital Jessica Christiansen-Franks Juliette Murphy Lucinda Hartley Lucy Turnbull Malcolm Turnbull Manuri Gunawardena

2 deals

Paul Bassat's VC fund has doubled down on a medtech startup's $18 million raise with Malcolm and Lucy Turnbull also backing it

Square Peg led HealthMatch's $18 million round, with the Turnbilns, the Carps and January Capital joining; Tempus Partners returned. Square Peg earlier led HealthMatch's $6 million series A, and UHG was acquired by Medhealth.

Startup Daily Tue 8 Dec 2020 HealthMatch MedHealth UNSW Sydney January Capital Square Peg Capital Tempus Partners Brandon Carp Lucy Turnbull Malcolm Turnbull Nicky Carp Paul Bassat

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