Managing Partner, Melt Ventures
Stories naming Trent Bagnall. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Manufacturing roundup: Nourish Ingredients' precision fermentation milestone, MyNu Energy's investment from Melt Ventures, a refused Veolia licence, AusBiotech committee applications, UOW community batteries, a Gold Coast rail contract, and Premcar's South African launch.
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.
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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.
GreaseBoss, a Queensland lubrication-monitoring startup, raised a $2.5 million seed round led by Pipeline Capital with NFL great Joe Montana among investors, after completing Y Combinator; earlier backing came via The Melt and 77 Partners.
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.