Accelerator
Every published round Slingshot 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, and a place in one of its own programs is under Cohorts.
Everyone Slingshot has named to a program in published coverage. A place in a program is not a raise: the cheque is the figure recorded with the place, which is the program's standard terms where we hold them, and a blank is one we don't.
| Member | Program | Announced | Cheque | Sources |
|---|---|---|---|---|
| Vantari VR | HCF Catalyst | 2018 | - | Startup Daily (Thu 7 Dec 2023), Startup Daily (Tue 13 Apr 2021) |
Companies Slingshot has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Vantari VR | 2018, Accelerator | 1 | 1 |
Fund closes reported for Slingshot, as distinct from the investments it has made.
Companies Slingshot has backed that another company then bought. An exit for the holding, not a deal Slingshot did.
| Name | Role | Sources |
|---|---|---|
| Craig Lambert | CEO (former) | Startup Daily |
| Trent Bagnall | Founder | SmartCompany, @AuManufacturing, Startup Daily (Tue 13 Dec 2022), Startup Daily (Mon 21 Sep 2020) |
Stories naming Slingshot. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Vantari VR, which trains doctors in virtual reality, has closed a $7 million pre-Series A led by Co:Act Capital; the article recalls earlier grants, an Epic Games award and a Slingshot accelerator cohort.
Also SmartCompany
Birth Beat founder Edwina Sharrock reflects on the maternity-education company's acquisition by Device Technologies, recalling its awards, accelerator stint and seed round, and outlining plans to back female founders.
Melt Ventures has closed a $10 million fund for hardware-focused climate tech and named its first investments, including Endua's $11.8 million pre-seed round backed by Melt, Main Sequence, QIC, 77 Partners and Ampol.
Also @AuManufacturing·SmartCompany·Startup Daily·Startup Daily·@AuManufacturing·mgathermal.com
Hardware-focused venture fund Melt Ventures has secured $10 million for its first fund, backed by new angel investors and family offices plus earlier supporters, and has already invested in three energy storage startups.
Melt Ventures launched an advanced manufacturing venture fund expecting first close soon and targeting $20 million by March 2023; the piece also recalls earlier backing of Camplify, Gamurs, Greaseboss and other companies.
Health insurer HCF has committed a five-million-dollar cornerstone investment into the newly launched sports, fitness and wellness venture fund XT Ventures, run by Slingshot founder Craig Lambert.
Caravan rental marketplace Camplify has listed on the ASX after an $11.5 million IPO, with shares closing lower despite upgraded forecasts; its largest holders include Apollo Motorhomes, founder Justin Hales, Acorn Capital and Slingshot.
Also Startup Daily
Vantari VR, an Australian medical VR training startup, received an Epic MegaGrants award and is seeking further capital, having earlier won grants and joined an accelerator cohort.
Also Startup Daily
New hardware accelerator The Melt has backed five industrial startups and raised the first year of a rolling angel fund set to reach $10 million, while also delivering R&D services for large corporates.
Sensor maker Billy, founded by siblings Tim and Melissa McDougall, has been bought by aged care provider ECH, whose leadership they join; the startup earlier raised $1 million and a $5 million round led by ECH.
Profile of Dean Foley, who served in the air force before founding Barayamal, an accelerator for Indigenous entrepreneurs, with LaunchVic backing a Victorian expansion.
Neo-lender Wisr has been selected for the 2019 HCF Catalyst accelerator, run by HCF and Slingshot, joining a 12-week program to develop affordable healthcare solutions for HCF's members.
A guide to twelve funding routes for Australian startups, covering venture capital, angels, debt, accelerators, grants, corporate venture, crowdfunding, ICOs and loans, with many past raises cited as examples.
Also Crunchbase News·Startup Daily·SmartCompany·Crunchbase News·TechCrunch Venture·TechCrunch Venture