Queensland R&D finance fintech raises $2.3 million
Equity raise of $2.3m by Advanced, a Sunshine Coast R&D finance startup building a $25m lending fund; backers include Wayne Gerard and Phil Cummins, who joins the board.
Chief Executive · Founder, RedEye Apps · angel in 1 deal
| Role | Organisation | Sources |
|---|---|---|
| Chair (former) | Klean | Startup Daily |
| Chief Entrepreneur (former) | Queensland Government | SmartCompany, Startup Daily |
| Chief Executive · Founder | RedEye Apps | SmartCompany, Startup Daily |
| Founder | Prtnr | SmartCompany, Startup Daily |
Every published round Wayne Gerard 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 |
|---|---|---|---|---|---|---|
| Advanced | Unnamed stage | 7 May 2025 | $2.3m | Participant | Startup Daily, Capital Brief |
Companies Wayne Gerard has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Advanced | R&D finance and loans against anticipated R&D tax refunds | 7 May 2025 | 1 | 0 |
Fund closes reported for Wayne Gerard, as distinct from the investments it has made.
Companies Wayne Gerard has backed that another company then bought. An exit for the holding, not a deal Wayne Gerard did.
Stories naming Wayne Gerard. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Equity raise of $2.3m by Advanced, a Sunshine Coast R&D finance startup building a $25m lending fund; backers include Wayne Gerard and Phil Cummins, who joins the board.
Weekly roundup of eight Australian funding rounds, led by Samsara Eco's $100m Series A extension; Diraq, 1Breadcrumb, Aquila, NRN, Klean, Bearhug and Sindy Labs also secured capital, and Klean won a Queensland grant.
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Retail ESG platform Klean raised a pre-seed round led by Wayne Gerard's new venture firm Prtnr Ventures and won a Queensland government grant; Gerard becomes chair, Christine Hayward a director.
Also SmartCompany·SmartCompany
Brisbane software firm RedEye has raised Series B capital to grow in the US, led by an American investor with repeat Queensland government backing, alongside recollections of its earlier grant and Series A.
Brisbane software firm RedEye closed a Series B led by US investor Energy Innovation Capital with Queensland government backing; separately, Athena completed a Square Peg-led Series B with Airtree and Hostplus.
Also SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily