Venture capital fund · 1 deal
Perth, WA
Every published round Quokka Capital 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 |
|---|---|---|---|---|---|---|
| Butter | Pre-seed | 8 Dec 2022 | $1.3m | Lead | SmartCompany (Wed 14 Dec 2022), SmartCompany (Fri 9 Dec 2022), SmartCompany (Thu 8 Dec 2022), Flying Fox Ventures portfolio |
Companies Quokka Capital has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Butter | 8 Dec 2022, Pre-seed | 1 | 1 |
Fund closes reported for Quokka Capital, as distinct from the investments it has made.
Companies Quokka Capital has backed that another company then bought. An exit for the holding, not a deal Quokka Capital did.
Stories naming Quokka Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Western Australia's government is funding three local early-stage venture funds — Purpose Ventures, Fund WA and Quokka Capital — through its WAVES co-investment scheme, offering each capped annual operational support to grow the state's venture sector.
Birchal's cofounder argues equity crowdfunding is closing the capital gap for founders outside the big cities, citing Western Australia's FY23 growth and two regional companies reaching the $5 million cap.
Kylie and Derek Gerrard's Purpose Ventures has closed $37m for its Western Australian startup fund, with WA investors, the Steinberg Family Office as cornerstone backer and state government operational support.
Also Startup Daily
Western Australia's government has selected three forming local early-stage venture funds, Purpose Ventures, Fund WA and Quokka Capital, for 100,000 dollars each in matched operational funding under its WAVES pilot.
SmartCompany profiles ten Australian startups to watch in 2023, recapping recent funding rounds, one acquisition, and pitch-event and awards results across insurtech, gaming, biotech, death tech and freight.
Also SmartCompany
A weekly roundup reporting ten Australian startup funding rounds totalling roughly eighty million dollars, spanning insurance tech, biotech, process mining, connectivity and food, with several female-founded companies among the recipients.
Insurtech startup Butter has raised 1.3 million dollars in pre-seed funding led by three investors, after taking part in Startmate's Winter22 accelerator, and plans an Australian launch with an EFTPOS marketplace partnership.
Also SmartCompany·SmartCompany