Government · 6 deals
Every published round Queensland Government’s Business Development Fund 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 |
|---|---|---|---|---|---|---|
| Gathar | Seed | 9 Jun 2020 | $600k | Participant | Startup Daily (Wed 23 Mar 2022), Startup Daily (Tue 9 Jun 2020), SmartCompany | |
| Kapiche | Unnamed stage | 4 Sep 2019 | $1.8m | Participant | Startup Daily (Fri 4 Oct 2019), Startup Daily (Fri 13 Sep 2019), SmartCompany, Main Sequence Ventures portfolio | |
| RedEarth Energy Storage Ltd | Series A | 13 Aug 2019 | $4.8m | Participant | SmartCompany (Fri 25 Oct 2019), SmartCompany (Tue 13 Aug 2019) | |
| Red Earth | Series A | 13 Aug 2019 | $5m | Participant | RenewEconomy (Thu 31 Oct 2019), @AuManufacturing, RenewEconomy (Tue 13 Aug 2019) | |
| RedEye Apps | Series B | 29 Nov 2018 | $10.4m | Participant | Startup Daily (Thu 29 Nov 2018), SmartCompany, Startup Daily (Tue 27 Nov 2018) | |
| Go1 | Seed | 12 Dec 2016 | $4m | Participant | Our Innovation Fund, SmartCompany (Mon 18 Mar 2019), SmartCompany (Tue 14 Aug 2018), SmartCompany (Tue 13 Dec 2016), Startup Daily |
Companies Queensland Government’s Business Development Fund has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Go1 | 12 Dec 2016, Seed | 1 | 0 | |
| RedEye Apps | 29 Nov 2018, Series B | 1 | 0 | |
| Red Earth | 13 Aug 2019, Series A | 1 | 0 | |
| RedEarth Energy Storage Ltd | 13 Aug 2019, Series A | 1 | 0 | |
| Kapiche | 4 Sep 2019 | 1 | 0 | |
| Gathar | 9 Jun 2020, Seed | 1 | 0 |
Fund closes reported for Queensland Government’s Business Development Fund, as distinct from the investments it has made.
Companies Queensland Government’s Business Development Fund has backed that another company then bought. An exit for the holding, not a deal Queensland Government’s Business Development Fund did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| RedEarth Energy Storage Ltd | Health and Plant Protein Group Limited | Acquisition | 7 Dec 2025 | ~$40m |
Stories naming Queensland Government’s Business Development Fund. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Brisbane battery maker RedEarth announced a $4.75 million Series A backed by a Queensland government fund, targeting local manufacturing growth, while the article also recalls Tritium's earlier backing and Redflow's $7.5 million placement.
Brisbane software firm RedEye closed a Series B led by US investor Energy Innovation Capital with Queensland government backing; separately, Athena completed a Square Peg-led Series B with Airtree and Hostplus.
Also Australian FinTech·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily
A funding roundup reporting raises by training marketplace GO1, online grocer YourGrocer and wearable payments startup Inamo, alongside government grant funding and accelerator programs backing Australian startups.