Investor · 2 deals
Every published round OPTrust 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 |
|---|---|---|---|---|---|---|
| Skykraft | Unnamed stage | 16 Oct 2023 | $120m | Participant | SmartCompany (Fri 22 Dec 2023), SmartCompany (Fri 20 Oct 2023), Startup Daily (Thu 19 Oct 2023), proactiveinvestors.com, @AuManufacturing, Startup Daily (Tue 17 Oct 2023), SmartCompany (Tue 17 Oct 2023), Main Sequence Ventures portfolio | |
| Judo | Venture debt | 30 Jul 2019 | $400m | Participant | Crunchbase News, Startup Daily (Thu 7 May 2020), SmartCompany (Thu 7 May 2020), Startup Daily (Tue 25 Feb 2020), SmartCompany (Tue 21 Jan 2020), SmartCompany (Tue 17 Dec 2019), Australian FinTech, SmartCompany (Wed 14 Aug 2019), Startup Daily (Thu 1 Aug 2019), Startup Daily (Tue 30 Jul 2019), SmartCompany (Mon 29 Jul 2019) |
Companies OPTrust has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for OPTrust, as distinct from the investments it has made.
Companies OPTrust has backed that another company then bought. An exit for the holding, not a deal OPTrust did.
Stories naming OPTrust. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
OPTrust has tasked Lazard Australia with auctioning Flow Power, the Melbourne-founded green energy retailer it has majority-owned for eight years, with first bids due within a month.
Renewable electricity retailer Flow Power has bought comparison service Solar Choice, with backing from Canadian pension fund OPTrust. Solar Choice stays independent while its customers get access to Flow's retail plans.
Also RenewEconomy·RenewEconomy
US investment firm KKR has agreed to buy Zenith Energy, an Australian specialist in off-grid renewable power for mines, in a transaction reported at over A$2 billion following a bidding contest.
A year-end SmartCompany roundup counting down 2023's ten largest Australian startup raises, headed by Employment Hero's $263m Series F, with investor details and commentary on fewer mega-rounds and continued under-representation of women co-founders.
Roundup of eight Australian startup raises totalling $433m, topped by Employment Hero's $263m Series F and Skykraft's $120m round; Darwinium, Konvoy Kegs, The Martec and three Birchal crowdfunds complete the week.
Also AgFunderNews
Canberra startup Skykraft raised $120 million for its space-based air traffic management system, led by Foresight's Australian arm with Main Sequence Ventures and OPTrust, following an earlier $3.5 million round.
Canberra satellite firm Skykraft has raised $120 million to manage air traffic from space, with backing from Foresight Australia, OPTrust and Main Sequence; the round trails only Saluda Medical's this year.
Also Startup Daily·@AuManufacturing·proactiveinvestors.com·Startup Daily·SmartCompany·SmartCompany
Melbourne challenger bank Judo raised a record A$400 million Series A, drawing new offshore backers Bain Capital Credit and Tikehau Capital, and aims to lend $1 billion to small businesses by Christmas.
Small-business focused challenger bank Judo Bank has banked a $400 million round from new and returning institutional backers, reportedly the largest single raise by an Australian startup, double its original target.
Also Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Australian FinTech·Crunchbase News