Investor · 5 deals

Thorney Investment Group

Disclosed deals

Every published round Thorney Investment Group 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
Ivvy	Unnamed stage	9 Jun 2021	$7m	Lead	Gandel Invest Thorney Group	SmartCompany (Wed 9 Jun 2021), Women's Agenda, Startup Daily (Mon 7 Jun 2021), SmartCompany (Mon 7 Jun 2021), Startup Daily (Mon 31 May 2021), Gandel Invest portfolio
Superhero	Unnamed stage	14 Apr 2021	$25m	Participant	Larry Diamond Nick Molnar Fred Schebesta Regal Funds Management	Startup Daily (Mon 2 Jun 2025), SmartCompany (Tue 21 Dec 2021), Startup Daily (Tue 26 Oct 2021), SmartCompany (Tue 26 Oct 2021), Australian FinTech, SmartCompany (Tue 13 Apr 2021)
Immediation	Series A	11 Dec 2020	$3.8m	Participant	Thorney Group Euroz Hartleys Securities SG Hiscock	Startup Daily, SmartCompany (Fri 27 Oct 2023), SmartCompany (Fri 11 Dec 2020)
Cluey	Series A	30 Apr 2019	$20m	Lead	Allectus Capital	Startup Daily (Wed 1 May 2019), Startup Daily (Tue 30 Apr 2019)
Cluey Learning	Series A	29 Apr 2019	$20m	Lead	Allectus Capital Quartet Ventures	TechCrunch Venture, SmartCompany

Portfolio

Companies Thorney Investment Group has backed in a published round, and companies whose existing shares it bought off another holder.

Company	First invested	Rounds	Led
Cluey	30 Apr 2019, Series A	1	1
Cluey Learning	29 Apr 2019, Series A	1	1
Immediation	11 Dec 2020, Series A	1	0
Ivvy	9 Jun 2021	1	1
Superhero	14 Apr 2021	1	0

Funds

Fund closes reported for Thorney Investment Group, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Thorney Investment Group yet.

Portfolio companies acquired

Companies Thorney Investment Group has backed that another company then bought. An exit for the holding, not a deal Thorney Investment Group did.

Company	Bought by	Kind	Announced	Price
Superhero	Swyftx	Merger	8 Jun 2022	-

Name	Role	Sources
Alex Waislitz	Founder	Australian FinTech, SmartCompany, Perennial Partners portfolio, Startup Daily

Coverage

Stories naming Thorney Investment Group. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

15 deals

Ignition Lane's Weekly Wrap: CBA's cash splash, NZ's Hi-Tech awards, the biggest tech news from around the world

Weekly roundup covering CBA's strategic stakes in Little Birdie and Amber, several Australian funding rounds, Zip's BNPL acquisitions, Tritium's planned NASDAQ listing, Amazon's MGM purchase and other global tech news.

Startup Daily Mon 31 May 2021 Amber Electric Artrya Dawn Aerospace FiberSense Forte Global Ivvy Klarna Little Birdie Mx51 Pyn Qualified Airwallex Amazon Apple Assembly Payments Athena Atlassian Autopilot Backr Carta Carted Catch Comcast Credit Savvy CultureAmp Domain Domino's Doshii Dragontail Systems Epic Fisher & Paykel Healthcare Go1 Google Halter Home-in Ignition Lane iseek KKR KPMG Linktree MGM Moxion Netflix NextDC Payble PEXA PIPE Networks R3 Reinventure Group Rubrik Salesforce Shopify Six Park Skedulo Slack Spotti Square Square Peg Capital Squarespace Stripe Superhero Tiger Financial Group TransferWise Tritium Twisto Twitter Virgin Galactic Vonto Westpac Whip Around Whole Foods x15ventures YUM Brands Zetta Venture Partners Zip Accel Acorn Capital Andreessen Horowitz Artesian VC Blackbird Ventures CBA Coinbase Commencer Capital Gandel Invest Mastercard Movac Salesforce Ventures Thorney Investment Group Tiger Global Bevan Slattery Gabby Leibovich Gavin Appel Hezi Leibovich Jon Williams Joris Luijke Kara Frederick Dr Mark Englund Mike Angell Rebecca Eastwood Tim Cook

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Women's Agenda

2 deals

Superhero secures $25 million as share-trading trend gains momentum

Australian investing platform Superhero raised $25 million at a valuation above $100 million, with repeat angel backing from Nick Molnar and Larry Diamond plus Fred Schebesta, Regal Funds Management and Thorney Investment Group.

SmartCompany Tue 13 Apr 2021 Superhero Afterpay Booktopia Finder Robinhood Spaceship Zip Regal Funds Management Thorney Investment Group Fred Schebesta Larry Diamond Nick Molnar Andrew Moore John Winters Wayne Baskin

Also Australian FinTech·SmartCompany·Startup Daily·SmartCompany·Startup Daily

Series A $3.8m

Immediation bags $3.75 million for tech shaking up dispute resolution for SMEs, as Kate Carnell calls for reform

Melbourne dispute-resolution platform Immediation raised a $3.75 million Series A backed by Thorney, Euroz Hartleys and SG Hiscock, and acquired NZ's CODR, while ombudsman Kate Carnell pushes small-business justice reform.

SmartCompany Fri 11 Dec 2020 Immediation Australian Small Business and Family Enterprise Ombudsman CODR Federal Court Victorian Civil and Administrative Tribunal Euroz Hartleys Securities SG Hiscock Thorney Investment Group Alex Waislitz Kate Carnell Laura Keily Michael Heron QC

Also SmartCompany·Startup Daily

2 deals

Thorney, Perennial back Microba’s gut feeling

Gut health biotech Microba has raised $10 million in its Series B round, backed by Thorney Investments, Perennial Value and Alium Capital, following Macrogen's separate $4.1 million investment announced the prior week.

Perennial Partners portfolio Sun 16 Jun 2019 Microba Life Sciences University of Queensland Alium Capital Perennial Value Management Thorney Investment Group Alex Waislitz Blake Wills

Series A $20m

The team behind Barbeques Galore just raised $20 million in series A funding for a children’s online tutoring business

Cluey, Mark Rohald's online tutoring venture for schoolchildren, has secured $20 million in Series A backing from Allectus Capital and Thorney, bringing its total funding to $31 million.

Startup Daily Tue 30 Apr 2019 Cluey Apollo Barbeques Galore Quartet Ventures Rebel Sport Thorney Technologies Allectus Capital Thorney Investment Group Alex Waislitz Mark Rohald

Also Startup Daily

Series A $20m

Edtech raises $20 million for platform transforming tutoring — less than a year after go live

Tutoring technology company Cluey Learning has secured a twenty million dollar Series A round led by two investors, with its founding investment firm also participating, to grow its platform and team.

SmartCompany Mon 29 Apr 2019 Cluey Learning Allectus Capital Quartet Ventures Thorney Investment Group Mark Rohald Robert Gavshon Sam Linz

Also TechCrunch Venture

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