The 8 Australian startups on Forbes Asia's 100 To Watch list
Eight Australian companies make Forbes Asia's annual 100 To Watch list; the piece profiles each and recaps recent raises across climate tech, health and software.
Venture capital fund · 4 deals
Gold Coast, QLD
Every published round Admiralty Capital 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 |
|---|---|---|---|---|---|---|
| Mondus Capital | Venture debt | 22 Jul 2025 | $100m | Participant | Australian FinTech, Startup Daily | |
| Ovum | Seed | 4 Aug 2026 | $4m | Lead | Startup Daily (25 Sep 2026), SmartCompany, Startup Daily (23 Jun 2026), Women's Agenda, Forbes Australia, Dealroom, Giant Leap portfolio | |
| Bower | Pre-seed | 12 Aug 2026 | $2m | Participant | Startup Daily, Ten13, Ten13 portfolio | |
| Sophiie AI | Seed | 16 Aug 2026 | $5m | Participant | Startup Daily, Business News Australia, Dealroom |
Companies Admiralty Capital Group has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Bower | The AI research partner for scientists | 12 Aug 2026, Pre-seed | 1 | 0 |
| Mondus Capital | shared equity lender | 22 Jul 2025, Venture debt | 1 | 0 |
| Ovum | AI-powered women's health platform building a longitudinal health dataset. | 4 Aug 2026, Seed | 1 | 1 |
| Sophiie AI | AI-powered client management system for service-based businesses | 16 Aug 2026, Seed | 1 | 0 |
Fund closes reported for Admiralty Capital Group, as distinct from the investments it has made.
Companies Admiralty Capital Group has backed that another company then bought. An exit for the holding, not a deal Admiralty Capital Group did.
| Name | Role | Sources |
|---|---|---|
| Amanda Andriano | Founding Partner and Investment Lead for Sophiie AI | Startup Daily (17 Aug 2026), Business News Australia, Startup Daily (5 Aug 2026), Beaten Zone Venture Partners, Startup Daily (23 Jun 2026), Women's Agenda, Forbes Australia |
| Ryan Holsheimer | CEO | Australian FinTech |
Stories naming Admiralty Capital Group. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Eight Australian companies make Forbes Asia's annual 100 To Watch list; the piece profiles each and recaps recent raises across climate tech, health and software.
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.
Bower, an Australian startup, has closed a $2 million pre-seed round led by TEN13 with Admiralty Capital Group, Edale Capital and angel backers, funding ambient AI that captures laboratory work as structured research records.
Australian startups raised funds including Alloy Robotics, Farmbot and Atmo Biosciences. Firmus Technologies acquired Benmax while Tabcorp bought BetMakers. SafetyCulture rebranded to Mitti.
Australian trades-software startup Sophiie AI has secured A$5 million in seed capital, valuing it at A$30 million, with five backers on board as it relaunches its platform and eyes US expansion later in 2026.
Melbourne women's health app Ovum raised $4m Seed funding led by Admiralty Capital Group to expand AI-driven health data tools, valuing it at $18 million.
Australian women's health AI startup Ovum AI has raised a 4 million dollar seed round led by Admiralty Capital Group, following an earlier pre-seed, with several impact and government backers participating.
Also Startup Daily·Forbes Australia·Women's Agenda·SmartCompany·Startup Daily
Mondus, a Sydney lender of zero-deposit shared-equity mortgages, has landed a nine-figure debt facility via WLTH, while recent venture backing from Admiralty Capital Group underpins the deal.
Also Australian FinTech
SmartCompany profiles Gentoo.earth, a carbon-removal intelligence platform founded by Juliet Kirby, now scaling from San Francisco; the piece recalls an angel round and undisclosed pre-seed backing including Admiralty Capital Group.