Corporate / CVC · 3 deals
Every published round SLB 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 |
|---|---|---|---|---|---|---|
| RayGen | Series D+ | 10 Apr 2025 | $127m | Lead | Startup Daily (Tue 23 Dec 2025), SmartCompany, Forbes Australia, @AuManufacturing, Startup Daily (Thu 10 Apr 2025), RenewEconomy | |
| RayGen | Series D+ | 22 Apr 2024 | $51m | Lead | RenewEconomy (Thu 10 Apr 2025), SmartCompany (Fri 26 Apr 2024), Startup Daily, RenewEconomy (Mon 22 Apr 2024), SmartCompany (Mon 22 Apr 2024), SmartCompany (Mon 22 Apr 2024), @AuManufacturing | |
| RayGen | Series C | 18 Oct 2021 | $55m | Participant | Startup Daily, @AuManufacturing, Breakthrough Victoria, RenewEconomy (Wed 3 Nov 2021), RenewEconomy (Mon 18 Oct 2021) |
Companies SLB has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| RayGen | 18 Oct 2021, Series C | 3 | 2 |
Fund closes reported for SLB, as distinct from the investments it has made.
Companies SLB has backed that another company then bought. An exit for the holding, not a deal SLB did.
Stories naming SLB. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Solar storage firm RayGen has wrapped up a $127 million Series D a year after it began, with SLB leading and Breakthrough Victoria, ARENA and energy companies among the backers.
Also RenewEconomy·SmartCompany·Startup Daily·@AuManufacturing·Forbes Australia
Roundup of the week's funding news: nine companies across Australia and New Zealand secured investment spanning clean energy, construction logistics, legal tech, coaching, research tools, creator media, medtech and marketing software.
Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·LaunchVic
Solar storage company RayGen has opened its Series D with A$20m from Breakthrough Victoria plus US$20m (A$31m) from SLB, backing plans to take its concentrated solar and thermal storage technology into overseas markets.
Also Breakthrough Victoria·RenewEconomy·RenewEconomy·@AuManufacturing
RayGen has banked a $51 million Series D co-led by SLB and Breakthrough Victoria to scale its solar and thermal storage technology, alongside earlier backers AGL Energy, Equinor Ventures and ARENA.
Also SmartCompany·@AuManufacturing·RenewEconomy·Startup Daily·SmartCompany·RenewEconomy
RayGen Resources closed a $51 million round led by SLB, with Breakthrough Victoria contributing $20 million, to expand Victorian manufacturing; the piece recalls its 2021 Series C backers and an earlier ARENA grant.
Also Breakthrough Victoria·RenewEconomy·Startup Daily·RenewEconomy
Breakthrough Victoria announces putting $20 million into RayGen Resources, a Victorian solar and thermal energy storage maker, to support clean energy, local manufacturing and the company's growth alongside its existing backers.
Also Breakthrough Victoria·Breakthrough Victoria·RenewEconomy·Startup Daily·RenewEconomy·@AuManufacturing