Investor · 3 deals
Tomago, NSW
Every published round Varley Holdings 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.
Companies Varley Holdings has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| MGA Thermal | 3 Aug 2023, Bridge / extension | 3 | 0 |
Fund closes reported for Varley Holdings, as distinct from the investments it has made.
Companies Varley Holdings has backed that another company then bought. An exit for the holding, not a deal Varley Holdings did.
Stories naming Varley Holdings. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
MGA Thermal, a Hunter Valley energy storage maker, has banked $17 million from IP Group and others to commercialise its heat-storage technology, lifting its total funding to $50 million.
Also mgathermal.com
Weekly roundup reporting eight Australian startups together raised $85.6 million across mining tech, cybersecurity, waste, energy storage, health and micromobility, plus a Google.org grant for Global Sisters.
Profile of hydrogen storage maker Lavo: $65 million in pre-orders, utility-scale orders exceeding a billion dollars, grants and investor backing, with regulation and certification named as its biggest hurdles.
The federal government announced a $41 million defence contract for NSW engineering group Varley, part of a wider deployable infrastructure investment; the piece also notes $784 million in recent manufacturing grants.
Manufacturing roundup: 3D Metalforge raises funds via placement, Recce Pharmaceuticals lands an R&D tax rebate, CoDeAc unveils a nuclear detection solution, A2EP plans a webinar, and Varley Rafael advances local missile production.
Federal defence contracts worth more than $100 million include $1.8 million for University of South Australia laser research, $7.4 million for Silentium Defence radar, and $183,022 for Varley Rafael Australia's missile kit production.
Hydrogen tech maker Lavo and JV partner Nedstack will build a factory near Brisbane, reportedly costing $20 million and supported by an Advanced Manufacturing Growth Centre grant, with production planned for late 2021.