Corporate / CVC · 2 deals
Every published round Chevron 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 |
|---|---|---|---|---|---|---|
| ElectraLith | Series A | 16 Jan 2025 | $27.5m | Participant | RenewEconomy (10 Aug 2026), RenewEconomy (10 Aug 2026), Radium Capital (5 Nov 2025), Radium Capital (10 Oct 2025), SmartCompany (17 Jan 2025), Startup Daily, SmartCompany (16 Jan 2025), Main Sequence | |
| QuintessenceLabs | Unnamed stage | 2022 | $5m | Participant | Startup Daily (4 Nov 2025), SmartCompany, Startup Daily (31 Mar 2025) |
Companies Chevron has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| ElectraLith | Developer of a novel electrochemical direct lithium extraction technology producing batte… | 16 Jan 2025, Series A | 1 | 0 |
| QuintessenceLabs | Quantum physics data security tools | 2022 | 1 | 0 |
Fund closes reported for Chevron, as distinct from the investments it has made.
Companies Chevron has backed that another company then bought. An exit for the holding, not a deal Chevron did.
Stories naming Chevron. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Trendspek, a Sydney maker of 3D infrastructure condition records, has banked $6 million in a round OIF Ventures led, funding North American and European growth and AI tools that flag defects in inspection imagery.
Also SmartCompany·Startup Daily·This Week in Australian Startups
MGA Thermal has its 5 MWh Tomago pilot plant working again after an 18-month fix, and is seeking significant new capital to scale up production.
Roundup of two Australian raises: a quantum security company's government-led $20m round and a retail analytics startup's US seed round backing its American push.
QuintessenceLabs, a two-decade-old cybersecurity company in Canberra, has raised $20 million with $15 million coming from the National Reconstruction Fund; earlier rounds for Harrison.ai, Vault Cloud and Quantum Brilliance are also recalled.
Main Sequence's post on leading ElectraLith's $27.5m Series A with Chevron, IP Group and other co-investors, backing its technology that turns lithium-bearing brines into battery-ready hydroxide in one step.
Also Radium Capital·Radium Capital·SmartCompany·Startup Daily·SmartCompany·RenewEconomy·RenewEconomy
Chevron partners with NSW thermal-storage maker MGA Thermal on a FEED study toward a possible trial; the piece also recounts earlier raises from Main Sequence, ARENA, Melt Ventures, Jekara and Shell.
Chevron, MGA Thermal's first major customer, will run an engineering study of a five-megawatt-hour clean steam unit using the Newcastle company's thermal storage technology, with Anacapa as EPC partner; the budget is undisclosed.
The Western Australian government has announced a carbon capture funding plan benefiting Woodside's Burrup Hub, drawing criticism from analysts and campaigners who back home electrification over continued gas use.
AML3D has received a South Australian government grant to co-fund a project boosting the speed of its wire-arc 3D printers, with work to run from August and add four roles.
RayGen has banked a $51 million Series D round backed by SLB and Breakthrough Victoria, and signed an expansion pact with SLB; ARENA previously granted it $10 million and $15 million.
Robotics inspection startup Abyss Solutions has raised $15 million led by AirTree with Australian Retirement Trust support, having previously raised $3.25 million in 2020; its clients include BP, Exxon, Chevron, Total and Scottish Water.