Startup · $803k raised
Sydney, NSW
Every investor coverage indicates participated in a round Quickstep raised.
| Investor | Rounds | Invested |
|---|---|---|
| NSW Government | Grant | $803,000 |
| the NSW state government | Grant | - |
Every published round Quickstep 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 |
|---|---|---|---|---|---|---|
| Carbonix | Seed | 23 Aug 2021 | $6.3m | Lead | @AuManufacturing, Startup Daily |
Companies Quickstep has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Carbonix | 23 Aug 2021, Seed | 1 | 1 |
Fund closes reported for Quickstep, as distinct from the investments it has made.
Companies Quickstep has backed that another company then bought. An exit for the holding, not a deal Quickstep did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Quickstep is recorded as having been acquired. | ||||
Companies Quickstep acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| David Doral | CTO (former) | @AuManufacturing (Fri 14 Apr 2023), @AuManufacturing (Tue 7 Feb 2023), @AuManufacturing (Tue 31 Jan 2023) |
| Luke Preston | Head of Technology and Partnerships | SmartCompany |
| Mark Burges | CEO | @AuManufacturing |
| Mark Burgess | Managing Director | @AuManufacturing (Wed 16 Nov 2022), @AuManufacturing (Mon 4 Jul 2022), Startup Daily |
Stories naming Quickstep. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Podcast interview with SolidHydrogen chief executive Philippe Odouard on hydride-based hydrogen storage, why the sector must compete without subsidies, and a $2.5 million grant for pilot projects.
Manufacturing news roundup: Fleet Space's oversubscribed Series C, a grant-backed 3D printing research project, an agreed brand acquisition, equipment orders, a cargo drone first flight and industry awards.
Rex Airlines takes a 20 per cent stake and a board seat in Dovetail Electric Aviation, a Sydney startup retrofitting electric propulsion, which earlier won a $3 million government research grant.
Also Startup Daily
Manufacturing roundup: Vow, Ofload and Vaxev each raise new capital; Ofload buys CIA Logistics; Quickstep upgrades its outlook; Pawsey's Setonix earns green computing honours; Australia backs shipping and plastics pledges.
News roundup: Elsight locks in $8 million through convertible notes; Northrop Grumman extends its Quickstep supply agreement; Titomic grows US sales; Fleet Space to survey for Core Lithium; Venture Catalyst Space applications open.
NSW Environmental Trust grants $3 million to solar innovator SunDrive within a $6.5 million allocation shared with Hysata, Southern Green Gas and Quickstep; SunDrive's recent series A drew CEFC alongside Blackbird and Grok Ventures.
Quickstep is partnering with Defence researchers, DMTC and UNSW on the Hype-X project to develop heat-resistant composite materials for hypersonic aircraft structures, with commercialisation rights to new intellectual property.
A new composites manufacturing cooperative research centre, SoMAC, has received Commonwealth backing of $69.9 million under round 23 of the CRC Program, alongside partner contributions, with its leadership and bid partners named.
Manufacturing roundup: Robern Menz revives the Polly Waffle bar with grant backing, SoftIron builds an edge-computer plant in NSW, Lockheed Martin Australia names its first MILSATCOM intern, and DXN wins a third cable contract.
Also @AuManufacturing
Sydney drone company Carbonix has secured $6.3 million in seed funding led by Quickstep, which will help scale production, as the firm begins a contract with utility Ausgrid for power network monitoring.
Also @AuManufacturing
Profile of TST, an Australian-Singaporean composites company commercialising the D4 forming process for helmets, covering its defence research origins and an Advanced Manufacturing Growth Centre grant backing its motorcycle helmet work.