Investor · 6 deals
Every published round NRMA 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 NRMA has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Amber Electric | 24 Oct 2022, Series B | 2 | 0 | |
| Chargefox | Oct 2018 | 1 | 0 | |
| Elenium Automation | 9 Oct 2020, Series B | 2 | 1 | |
| Sendle | 24 Jun 2021, Series C | 1 | 0 |
This is a stake in the fund itself, money that the fund's manager invests, not a stake in the fund manager.
| Fund | Manager | Sources |
|---|---|---|
| Mandalay Fund I | Mandalay VC | @AuManufacturing, Startup Daily |
Companies NRMA has backed that another company then bought. An exit for the holding, not a deal NRMA did.
| Name | Role | Sources |
|---|---|---|
| Ainsley Lee | General Manager of Investments | RenewEconomy, Startup Daily (Mon 24 Oct 2022), Startup Daily (Mon 20 Jun 2022) |
| Carly Irving-Dolan | Energy and Infrastructure Chief | SmartCompany |
| Rohan Lund | Chief Executive (former) | Sandon Capital (Mon 4 May 2026), Sandon Capital (Fri 1 May 2026), Startup Daily |
Stories naming NRMA. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Sandon Capital seeks a vote to oust Southern Cross Media's chairman and two directors after opposing its Seven West merger; the piece also recalls that merger, a stake sale and a CEO change.
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.
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
NRMA Insurance has started giving $100,000 apiece to five climate startups through its new Help Fund, a program created with Climate Salad, with $1 million committed for the first year.
Energy retailer Amber has raised $45 million in a round led by ETF Partners to grow its home-battery and EV automation business overseas, having bought charging app Charge HQ earlier this year.
Also Startup Daily
Amber Electric has bought EV charging app Charge HQ for an undisclosed price; the piece recalls the retailer's Series A, B and C raises from Gentrack, NRMA, Commonwealth Bank, Main Sequence and Square Peg.
Also Startup Daily
Breakthrough Victoria reports a $4.5 million investment in Amber Electric's $29 million Series C, led by GenTrack with Rubio Impact Ventures, funding jobs and product expansion.
Also Alberts Impact Ventures portfolio·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Early VC·Business News Australia
Roundup of five Australian startups that secured new capital this week: Amber Electric's $29m Series C, ProcurePro's $6.15m, Yume's $2m seed, Alt.Leather's $1.1m seed, plus an undisclosed Tenacious Ventures investment in Nbryo.
Amber has acquired energy monitoring app Powerpal for $9.5 million. The article also recalls Amber's $13.4 million raise in October, which included NRMA among its investors.
Electricity retailer Amber has raised a $13.4 million Series B extension led by CBA and Square Peg, with NRMA joining as a new investor to fund its SmartShift solar battery and EV automation software.
Australia's motoring clubs, via Australian Motoring Services and led by the NRMA, have taken full ownership of EV charging network Chargefox in a deal reportedly worth nearly $30 million, valuing the business at $56 million.
Mandalay Venture Partners' sustainability-focused agrifood tech fund has secured over $21 million in commitments toward a $50 million target, with NRMA as cornerstone investor plus personal commitments from Phillip St Baker and Angus Cameron.
The government agency announces a grant to an EV software firm launching a program helping Australian vehicle fleets and electricity networks plan their transition to electric vehicles.
IAG's venture arm Firemark Ventures has committed a $75 million second fund, already deployed into Texas 3D imaging startup Plnar; earlier backing included UpGuard, Myriota, Hyper Anna, Airtasker and Life360.
Also Startup Daily
Airport automation company Elenium Automation has raised a $30 million Series B led by NRMA, after pivoting its touchless and health-screening technology toward healthcare and other sectors during the pandemic.
Also Startup Daily
Brisbane EV charging maker Tritium names ex-Boeing Phantom Works executive Jane Hunter as CEO, with founder David Finn moving to Chief Growth Officer.
New Zealand parking app company Parkable has bought Brisbane rival Park Genie, whose founder becomes Queensland general manager. The piece also recalls Divvy Parking's 40 percent stake sale to NRMA in 2016.
Chargefox has secured a $15 million investment, including a $6 million ARENA government grant and backing from mobility clubs, to build an open ultra-rapid electric vehicle charging network across four Australian capital cities.