Government · 2 deals
Every published round Queensland Government's Business Investment 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 |
|---|---|---|---|---|---|---|
| Paypa Plane | Series A | 3 Apr 2023 | $10m | Participant | Startup Daily (Wed 26 Jul 2023), SmartCompany, Women's Agenda, Australian FinTech, Startup Daily (Fri 31 Mar 2023), Business News Australia, paypaplane.com, Sprint Ventures portfolio | |
| Gathar | Seed | 9 Jun 2020 | $600k | Participant | Startup Daily (Wed 23 Mar 2022), Startup Daily (Tue 9 Jun 2020), SmartCompany |
Companies Queensland Government's Business Investment 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 |
|---|---|---|---|---|
| Paypa Plane | 3 Apr 2023, Series A | 1 | 0 | |
| Gathar | 9 Jun 2020, Seed | 1 | 0 |
Fund closes reported for Queensland Government's Business Investment Fund, as distinct from the investments it has made.
Companies Queensland Government's Business Investment Fund has backed that another company then bought. An exit for the holding, not a deal Queensland Government's Business Investment Fund did.
Stories naming Queensland Government's Business Investment Fund. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Queensland superannuation fund Brighter Super has unveiled a startup investment mandate to be managed by QIC; the article also recalls QIC's earlier backing of Attekus, SwarmFarm Robotics, Go1, Gilmour Space Technologies and VALD.
Dataweavers announced a $5.5 million Series A led by Five V Capital with QIC and existing backer OIF, funding US expansion, a near-doubling of headcount and more than 20 new Brisbane jobs.
Weekly roundup covering six startup raises: ImmVirX, Nutromics, Nuheara, Autism 360, Cogo and Gather, plus Nutromics' 30X30 selection, a board appointment and Viralytics' earlier sale to Merck.
Brisbane payments startup Paypa Plane closed a $10 million Series A led by QIC with Cuscal, Mastercard and Sprint Ventures; Commonwealth Bank earlier took a 20% stake, and two new directors joined the board.
Also Startup Daily·SmartCompany·Australian FinTech·Women's Agenda·Business News Australia
Gold Coast prefab builder ModnPods has secured Queensland government Business Investment Fund backing, the fund's fifth investment, and plans to expand its facilities and grow to roughly 100 staff within three years.
Also @AuManufacturing
Queensland's government backed Gilmour Space's $61 million Series C, while Woolworths put $4 million into Seedlab Australia and its W23 arm joined Harvest B's $3.5 million raise, which also drew a $1 million grant.
Chef marketplace Gathar has raised $600,000 in seed funding led by ACAC Innovation, with FNQ Angels and the Queensland Government's Business Development Fund participating, as easing COVID-19 restrictions revive dinner party bookings.
Payment firm Paypa Plane says Mastercard, Cuscal, Sprint Ventures and Queensland's Business Investment Fund joined its $10 million Series A, with QIC managing the investment and Commonwealth Bank and Tyro already backing it.
Also Business News Australia·Startup Daily·Australian FinTech·SmartCompany·Startup Daily·Women's Agenda