Venture capital fund · 2 deals
Pre-seed to Series-A investment for Canberra startups
Canberra, ACT
Every published round Activate Capital 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 |
|---|---|---|---|---|---|---|
| Seitec | Seed | 17 Aug 2026 | $4m | Lead | Startup Daily, Beaten Zone Venture Partners, Defence Connect, Business News Australia, Dealroom, Beaten Zone Venture Partners portfolio | |
| InfraVision | Series B | 4 Nov 2025 | US$91m (A$139m) | Participant | Startup Daily, Folklore Ventures, RenewEconomy (4 Nov 2025), RenewEconomy (4 Nov 2025) |
Companies Activate Capital has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| InfraVision | Aerial robotics for power grid infrastructure | 4 Nov 2025, Series B | 1 | 0 |
| Seitec | Canberra-based maker of software-defined seismic sensing systems for military operators | 17 Aug 2026, Seed | 1 | 1 |
Fund closes reported for Activate Capital, as distinct from the investments it has made.
| Fund | Announced | Committed | Target | Close | Sources |
|---|---|---|---|---|---|
| - | 20 Aug 2026 | $23m | $50m | Interim | Startup Daily, Defence Connect |
| Early-Stage Venture Capital Limited Partnership (ESVCLP) fund | 10 Nov 2025 | $23m | $50m | Interim | ellty.com, Startup Daily, Business News Australia, insidestategovernment.com.au |
Investors that coverage says has money in a fund Activate Capital runs. This is a stake in the fund, not in any company the fund has backed.
| Investor | Fund | Sources |
|---|---|---|
| Epicorp | - | Startup Daily, Defence Connect |
Companies Activate Capital has backed that another company then bought. An exit for the holding, not a deal Activate Capital did.
Stories naming Activate Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup: Constantinople raises $62.5m; Blackbird wraps fund six above $1b; Guardhouse buys Mobohubb; SCX.ai debuts on the ASX; plus seed rounds, exits and executive changes across the ecosystem.
Roundup of seven raises across the Tasman spanning fintech, marine tech, agtech, defence and AI, plus a first close for an ACT venture fund.
Beaten Zone Venture Partners announces Fund 1 joined Activate Capital and UNSW in a seed round for Seitec, a Canberra defence startup whose seismic sensors find unexploded ordnance and hidden drones.
Also Dealroom·Business News Australia·Defence Connect·Startup Daily
Seitec, a Canberra defence technology maker, has landed a $4 million round with ACTivate Capital leading and Beaten Zone Venture Partners and UNSW participating, funding overseas expansion, product development and hiring.
Also Startup Daily
A $4 million round for Canberra defence sensing firm Seitec is led by ACTivate Capital with UNSW and Beaten Zone co-investing; the ACT Government-backed fund earlier closed $23 million of a possible $50 million.
A directory of fifteen Canberra investors backing deep tech, noting ACTivate Capital's fund first close, several government-backed company raises, an incubator's alumni, and one portfolio acquisition.
The ACT Government has launched the ACTivate Capital venture fund, with an initial $23 million close and capacity for $50 million, to back Canberra startups and commercialise local research, led by fund manager Ken Kroeger.
The ACT Government launched the ACTivate Capital Fund with $23 million committed, backed by Epicorp, UNSW Canberra and family offices, targeting Canberra early-stage companies.