Venture capital fund · 6 deals
Sydney, NSW
Every published round Perennial Partners 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 Perennial Partners has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Bare | 13 Sep 2022, Series A | 1 | 1 | |
| Bridgit | 16 Mar 2022, Series A | 1 | 1 | |
| Emesent | 18 Feb 2022, Series A | 1 | 1 | |
| Lumi | 24 Feb 2022 | 1 | 0 | |
| Mindset Health | 24 Mar 2023, Series A | 1 | 0 | |
| The Whiskey Project Group | Tactical and multi-mission reconnaissance watercraft | 26 Aug 2024 | 1 | 0 |
Fund closes reported for Perennial Partners, as distinct from the investments it has made.
Companies Perennial Partners has backed that another company then bought. An exit for the holding, not a deal Perennial Partners did.
Stories naming Perennial Partners. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Queensland battery firm RedEarth Energy Storage has entered voluntary administration, leaving backers including Perennial Partners and Thorney Technologies facing losses after once being valued at $100 million.
Brisbane drone mapping firm Emesent secures $15 million SAFE Note plus $10 million venture debt from federal government's National Reconstruction Fund.
Brisbane drone-mapping firm Emesent has raised $15 million via a SAFE note plus $10 million in venture debt from the National Reconstruction Fund — the fund's first such deal — four years after its Series A.
Furniture brand Koala has secured $20 million ahead of its ASX debut at a $305 million valuation, while early backers including cofounder Mitch Taylor sold down some of their stakes.
Koala heads to the Australian bourse with a float mixing fresh equity and shareholder sell-downs, while a Test cricketer's decade-old six-figure backing of the furniture startup draws the spotlight.
Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·AFR Technology
Adelaide medtech Ferronova has banked another $6 million from returning backers to advance its surgical tracer for cancer, lifting Series A funding to $17.5 million; backer parent UltraGreen.ai floated in Singapore this month.
Also movefm.com.au
Perennial Partners announces renewed carbon-neutral certification by Climate Active for FY24, covering its emissions initiatives, ACCU offset purchases from a Queensland regeneration project, and a 2030 reduction target.
Roundup of six Australian funding rounds this week: InDebted, Evolt, Restoke.ai, Mary Technology, Matilda and Demtech.ai, with investors, amounts, InDebted's valuation and a secondary component for early backers and staff.
Also Australian FinTech·SmartCompany·Startup Daily·Australian FinTech·Fintech News Australia·Business News Australia
Bondi Partners' 1941 fund has put $5 million into The Whiskey Project Group's latest capital raise, which could reach $20 million and will fund US expansion plus growth of its NSW boatyard.
Folklore Ventures introduces Chris Comino as its new investor relations lead in a Q&A covering his three decades in asset management and what drew him to venture capital.
Venture investor Acorn Capital's $6.5 million investment in AI software vendor Complexica lifts outside backing past $31 million since 2021, adding the fund manager to an institutional shareholder register.
Also Startup Daily
Profile of Mindset Health's founder brothers and their hypnotherapy apps, covering a fresh $18m Series A and earlier backing from Startmate and James Beshara.
Also Alberts Impact Ventures portfolio·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Crunchbase News
SmartCompany profiles ten Australian startups to watch in 2023, recapping recent funding rounds, one acquisition, and pitch-event and awards results across insurtech, gaming, biotech, death tech and freight.
Also SmartCompany
Techboard's monthly roundup logs June 2022 Australian funding events, including GO1's Series E, Edrolo's Series B, two acquisitions, several new funds reaching closes, and accelerator intake announcements.
Also Techboard
Republished AFR report on funeral startup Bare banking a ten-million-dollar round from Perennial and Ord Minnett, plus rival Willed's June raise from Thorney, Ellerston and a Bell Potter investor.
Also OIF Ventures portfolio·Archangel Ventures portfolio·SmartCompany·Startup Daily·Techboard·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany
Ignition Lane's weekly roundup covers Linktree's unicorn raise, several Australian funding rounds, Tiger and Insight's new mega-funds, falling SaaS valuations, the ACCC's action against Meta, and new accelerator and product launches.
Bridging-loan fintech Bridgit closed a 7.7 million dollar round with OIF Ventures and Perennial Partners, following earlier venture debt, to expand its rapid loan approval technology.
Also OIF Ventures portfolio·Australian FinTech·Startup Daily·Techboard·Startup Daily
Australian SME lender Lumi has completed a $10 million raise backed by Arbel Fund and Perennial Partners, taking its fundraising to $30 million in two months, with plans to double headcount nationwide.
Brisbane drone mapping startup Emesent has raised a Series A to fund global growth, engineering hiring and new facilities, led by Perennial Partners with Tiger Global and TELUS Ventures joining existing backers.