Queensland R&D finance fintech raises $2.3 million
Equity raise of $2.3m by Advanced, a Sunshine Coast R&D finance startup building a $25m lending fund; backers include Wayne Gerard and Phil Cummins, who joins the board.
Angel investor
Every published round Phil Cummins 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 |
|---|---|---|---|---|---|---|
| Advanced | Unnamed stage | 7 May 2025 | $2.3m | Participant | Startup Daily, Capital Brief |
Companies Phil Cummins has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Advanced | R&D finance and loans against anticipated R&D tax refunds | 7 May 2025 | 1 | 0 |
Fund closes reported for Phil Cummins, as distinct from the investments it has made.
Companies Phil Cummins has backed that another company then bought. An exit for the holding, not a deal Phil Cummins did.
| Role | Organisation | Sources |
|---|---|---|
| No role recorded yet. Phil Cummins has been mentioned, but not yet attached to an organisation. Know their role? | ||
Stories naming Phil Cummins. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Equity raise of $2.3m by Advanced, a Sunshine Coast R&D finance startup building a $25m lending fund; backers include Wayne Gerard and Phil Cummins, who joins the board.