Ledger.

Venture capital fund

Tanarra Capital

Coverage

Stories naming Tanarra Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Funding announcement

E-commerce legends praise Click Frenzy founder after business liquidation

Grant Arnott's Click Frenzy and Power Retail have entered liquidation and receivership, drawing warm public messages from e-commerce peers; Tanarra Capital, which invested in 2016, no longer holds a stake.

Also Startup Daily

2 deals

Mirugen Secures A$4.5m to Pioneer Cell (Re)programming, and Welcomes Charlotte Casebourne Stock as Executive Chair

Mirugen, a Melbourne biotech spun out of an eye research institute, has closed a A$4.5m seed round with three backers and hired Charlotte Casebourne Stock as chair and acting chief executive.

Also cera.org.au·Brandon BioCatalyst portfolio·insightnews.com.au

Fund close ~$49m

Tennis Australia's VC fund aces first close with nearly $50 million from blue chip investors

Tennis Australia's venture arm AO Ventures has reached a first close on its new sports, media and health tech fund with about $49 million committed by local and international backers.

Key hire

The march of passive investors and high price of money: Why activists are having their way

Analysis of rising shareholder activism: Lendlease's chairman departs under Tanarra pressure, activists push Karoon over dividends, Tanarra surfaces on Bapcor's register, and L1 Capital runs an activist fund.

2 deals

University of Melbourne mental health startup using psychedelics kicks off with $4.5 million

Melbourne university funds backed a psychedelic medicines startup; six campus startups were showcased, and Tanarra Capital reported $100 million committed toward its alumni founders fund target.

Fund close $100m

Manufacturing news briefs – stories you might have missed

News roundup covering Bega's sale of its Vitasoy stake, a university venture fund's first close, an Australia-Netherlands hydrogen agreement, a research body's budget push, and a new Tasmanian space antenna.

Fund close $100m

Melbourne Uni's new VC fund, Tin Alley Ventures, sets $200 million target after reaching $100m

University of Melbourne's Tin Alley Ventures fund has raised $100 million toward a $200 million target, backed by the university, Breakthrough Victoria and local business figures, with a second close targeted for mid-2023.

Also @AuManufacturing

3 deals

Melbourne Uni launches two investment funds, worth $115 million, to back research commercialisation startups

University of Melbourne launches a $15m pre-seed fund with Breakthrough Victoria and a $100m fund run by Tanarra Capital for research commercialisation; the piece also recalls ANU's Instaclustr sale to NetApp.

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