Investor · 14 deals
Sydney, NSW
Every published round Perennial Value Management 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 Value Management has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| InDebted | 19 Jul 2021, Series B | 2 | 2 | |
| Baraja | 29 Mar 2021, Series B | 1 | 0 | |
| DesignCrowd | 2 Feb 2021 | 1 | 0 | |
| Ento | 18 Jun 2021, Series B | 1 | 1 | |
| MyWave | 15 Apr 2019 | 1 | 1 | |
| Nutricare | 9 Aug 2019 | 1 | 1 | |
| Planet Innovation | 4 Dec 2020 | 1 | 0 | |
| RedEarth Energy Storage Ltd | 1 Feb 2022 | 1 | 0 | |
| Spriggy | 27 Jul 2021, Series B | 1 | 0 | |
| Superhero | 26 Oct 2021 | 1 | 1 | |
| Verrency | 13 Sep 2021, Series A | 1 | 0 | |
| Willow | Aug 2021, Bridge / extension | 1 | 0 | |
| WithYouWithMe | 6 Aug 2019 | 1 | 1 |
Fund closes reported for Perennial Value Management, as distinct from the investments it has made.
| Fund | Announced | Committed | Target | Close | Sources |
|---|---|---|---|---|---|
| pre-IPO Opportunities Fund | 9 Aug 2019 | $50m | - | Final | Perennial Partners portfolio (Fri 9 Aug 2019), Perennial Partners portfolio (Fri 9 Aug 2019) |
| Microcap Opportunities Trust | 9 Aug 2019 | $200m | - | Final | Perennial Partners portfolio (Mon 12 Aug 2019), Perennial Partners portfolio (Fri 9 Aug 2019), Perennial Partners portfolio (Fri 9 Aug 2019) |
Companies Perennial Value Management has backed that another company then bought. An exit for the holding, not a deal Perennial Value Management did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| RedEarth Energy Storage Ltd | Health and Plant Protein Group Limited | Acquisition | 7 Dec 2025 | ~$40m |
| Ento | Humanforce | Acquisition | Sep 2022 | - |
| Superhero | Swyftx | Merger | 8 Jun 2022 | - |
Stories naming Perennial Value Management. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Share trading and super platform Superhero has raised $11 million from existing backers, lifting its post-money value to $150 million, with plans to build tools that give investment advice.
Also SmartCompany
Superloop's board has rejected Aussie Broadband's merger proposal as too low, with Aussie already holding a 19.9% stake; the piece also recalls Superloop's VostroNet purchase and Aussie's Symbio buyout.
Digital twin software company Willow raised US$28.8 million from existing backers and directors at a reduced valuation, with the article recalling its 2021 pre-Series B and 2019 Series A raises.
Payments fintech InDebted has closed a $22.5 million round doubling its valuation to $200 million, led by Perennial Value Management, while restructuring with a 17% workforce cut of 40 staff.
Techboard's March 2022 roundup of Australian funding: megadeals by Immutable, Saluda Medical, Linktree and Zeller, many smaller raises, acquisitions, an IPO, several fund closes, and companies still seeking capital.
Queensland battery maker RedEarth Energy Storage has raised $12 million ahead of a planned 2022 sharemarket float, with Ord Minnett Private Opportunities leading and Perennial Value and Thorney among the backers.
Also @AuManufacturing·RenewEconomy·Dragonfly Enviro Capital·SmartCompany
Sydney digital twin software company Willow raised US$43 million in a pre-Series B, with existing backers reinvesting and Ric Clark and VGI Partners joining as new strategic investors.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily
Melbourne fund manager Salter Brothers led a $6.5 million Series A in payments platform Verrency, with Perennial Value Management and existing shareholders also investing; Simon Jones joins the board.
Also Startup Daily
Perennial's third pre-IPO fund has secured an initial $100 million toward a $200 million target, with $50 million already deployed into Demyst, Songtradr and InDebted; its previous fund closed at $125 million.
Pocket money app Spriggy has secured a $35 million Series B, led by NAB's venture arm alongside Perennial and returning backer Grok, to fund growth including tripling headcount.
Also Startup Daily
Pocket-money app Spriggy has raised a $35 million Series B led by NAB Ventures, with Perennial Value Management and Grok Ventures backing, to build new products and triple headcount.
Sydney debt-collection fintech InDebted raised a $25 million Series B led by Perennial Value Management, with follow-on backing from Carthona Capital, Reinventure, MassMutual Ventures Southeast Asia and Jason Lenga, funding global expansion.
Weekly funding wrap covering several raises including Honey Insurance's record seed round, OCR Labs' Series A, and Ena Respiratory's COVID-19 nasal spray funding, plus Investible's second fund first close.
Melbourne workforce management firm Ento raised a $5 million Series B led by Perennial Value Management with AirTree Ventures participating, to grow its team and expand; AirTree had earlier backed a $1.2 million raise in 2015.
Also SmartCompany
Daily tech briefing: Facebook reviews Trump's suspension, Microsoft admits selling Xbox consoles at a loss, Tiger Global seeks more capital, MedAdvisor banks fresh equity, and Marqeta teams with Afterpay on in-store payments.
Baraja, an Australian lidar startup, raised a Series B with backing from Hitachi Construction Machinery, HESTA, Blackbird and others, funding continued development of its prism-based Spectrum-Scan technology for mining, ports and autonomous vehicles.
Also SmartCompany·Startup Daily·Cut Through Venture·SmartCompany·Startup Daily·@AuManufacturing·@AuManufacturing
Daily roundup reporting Databricks' billion-dollar Series G, Robinhood's emergency raise during the trading saga, DesignCrowd's $10 million pre-IPO funding, Xinja's wind-up vote, and record Australian venture capital in 2020.
Also Startup Daily
Australian design marketplace DesignCrowd raised 7.7 million dollars from five investors to fund product development and US expansion, with a possible future listing flagged.
Also TechCrunch Venture·SmartCompany·Startup Daily·Cut Through Venture
Perennial's second pre-IPO fund has reached its full $125 million target and will soon deploy into healthcare, e-commerce and technology investments; its first trust backed Aroa Biosurgery, 4DMedical and Atomo Diagnostics, each now listed.
Perennial Value Management appoints Brendan Lyons to lead private investments and help launch a second private-to-public opportunities fund, citing a growing pipeline of companies preparing to list.
Perennial is preparing a second wholesale-investor fund with a $125 million goal, after its first vehicle delivered a 31.6% return; the article also names its portfolio managers.
Courier platform Zoom2U has raised $4.2 million led by Perennial Value Management, funding expansion, a new Locate2U app and a planned US launch, after previously raising $1.85 million in 2016.
A personal lender preparing to list has drawn early institutional orders, with three local fund managers taking cornerstone roles and the book reportedly filled before the formal build opens.
Two Australian companies press ahead with planned year-end ASX floats despite a run of collapsed listings, with fund managers commenting on IPO valuations, private equity sell-downs and market conditions.
A welding technology developer has returned to the ASX through a backdoor listing, raising seven million dollars and reaching a market capitalisation near twenty-nine million, with two fund managers among backers.
A weekly roundup reporting several Australian and New Zealand startup raises, including Circle In, Equiem, HealthChase, RateIt, Swoop Aero and Tell Me Baby, plus startup funding via Mars and Antler programs.
Perennial Value's pre-IPO fund drew $50m from wholesale investors ahead of its August close, its microcap trust hard closed at $200m, and the firm is leading a second round into Nutricare.
Perennial Value's microcaps team is backing six private companies, leading fresh expansion capital into Nutricare, while its new pre-IPO fund has gathered $50 million from wholesale investors ahead of closing.
Perennial Value reports its pre-IPO Opportunities Fund drew $50 million within weeks, while its Microcap Opportunities Trust closed at its $200 million target; a new Private to Public fund is planned.
Also Perennial Partners portfolio·Perennial Partners portfolio
An Australian workforce-training startup has raised five million dollars from local backers including Perennial Value and Alium Capital to develop products and expand into the United States, according to a republished Financial Review report.
Gut health biotech Microba has raised $10 million in its Series B round, backed by Thorney Investments, Perennial Value and Alium Capital, following Macrogen's separate $4.1 million investment announced the prior week.
A Perennial Value Management executive explains how the firm chooses unlisted investments while it raises a new private fund, pointing to profitable pre-IPO backing of two since-listed companies through its microcap trust.
Perennial Value launches a wholesale pre-IPO investment fund, with Morgan Stanley expected to commit $25 million once documents are finalised, while its existing microcap trust soft closes after reaching capacity.
Perennial Value plans a fund targeting pre-IPO deals and private capital raisings, with Morgan Stanley committing initial money; its microcap trust will soft-close, and earlier bets named include Atomos, Uniti Wireless and Ecofibre.
AI startup MyWave, founded by a NAB board member, has raised $3 million ahead of a planned listing, with Perennial Value Management leading and Patersons Securities running the raise.
Also Australian FinTech