Government · 2 deals
Every published round the NSW state government 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 |
|---|---|---|---|---|---|---|
| Quickstep | Grant | 31 Oct 2022 | $803k | Participant | @AuManufacturing, RenewEconomy | |
| Elastagen Pty Ltd | Grant | 1 Aug 2013 | $4.5m | Participant | Startup Daily, GBS Ventures (Wed 7 Feb 2018), GBS Ventures (Thu 1 Aug 2013) |
Companies the NSW state government has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Elastagen Pty Ltd | 1 Aug 2013, Grant | 1 | 0 | |
| Quickstep | 31 Oct 2022, Grant | 1 | 0 |
Fund closes reported for the NSW state government, as distinct from the investments it has made.
Companies the NSW state government has backed that another company then bought. An exit for the holding, not a deal the NSW state government did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| Elastagen Pty Ltd | Allergan plc | Acquisition | 7 Feb 2018 | $350m |
Stories naming the NSW state government. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
The NSW government has granted money to two Riverina food processors for facility upgrades, while the article recalls Grove Juice's purchase of the Leeton Juice Factory from Bega Group a year earlier.
Also @AuManufacturing
Green Gravity, a new Australian venture developing gravity-based power storage inside abandoned mine shafts and led by Mark Swinnerton, formerly of BHP, has early private backing and is in talks with governments and VCs.
Anniversary profile of incubator Cicada Innovations' two decades, telling portfolio biotech Elastagen's story: its tropoelastin work, Series A backing, a government grant, and its 2018 sale to Allergan.
Also GBS Ventures·GBS Ventures