Investor · 1 deal
Ecosystem partner delivering pre-accelerator programs
Melbourne, VIC
Every published round Boab AI 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 Boab AI has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| StrongRoom AI | 13 Mar 2025, Series A | 1 | 0 |
Fund closes reported for Boab AI, as distinct from the investments it has made.
Companies Boab AI has backed that another company then bought. An exit for the holding, not a deal Boab AI did.
| Name | Role | Sources |
|---|---|---|
| Andrew Lai | Managing Director | LaunchVic |
Stories naming Boab AI. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
As Breakthrough Victoria and LaunchVic combine into Innovation Victoria, nine partner organisations will share government funding to run pre-accelerator programs for founders at the idea stage.
EVP alleges StrongRoom AI's CEO admitted fabricated revenue and debt figures after the Sydney VC invested $10.4m in a $17m raise; the Melbourne startup is now in administration with assets frozen.
Strong Room AI, a Melbourne medicines-management startup, is in voluntary administration weeks after a February raise; investor EVP's court action froze assets while administrators seek a buyer and creditors meet on April 8.
Tyson & Blake, which seeded StrongRoom AI, threatens legal action against EVP, which is suing to recover its $10.4 million after the Melbourne medtech entered administration.
LaunchVic case study on Boab AI, a Melbourne investor backing artificial-intelligence companies through a program funded by LaunchVic and Artesian; it names Remi, PI.Exchange, Daitum and Strongroom among those supported.