Government · 2 deals
Queensland Government fund backing women-led businesses to scale
Every published round Female Founders Co-Investment Fund 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 |
|---|---|---|---|---|---|---|
| The Laundry Lady | Seed | 18 Aug 2025 | $1m | Participant | SmartCompany (1 Sep 2025), Startup Daily, SmartCompany (19 Aug 2025) | |
| Five Faces | Series A | 7 Jul 2025 | $1m | Participant | SmartCompany, Startup Daily, ARN (ARNnet), Utiliti Group, Utiliti Group portfolio |
Companies Female Founders Co-Investment Fund has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Five Faces | Patient experience software provider for hospitals and health providers, trading name of … | 7 Jul 2025, Series A | 1 | 0 |
| The Laundry Lady | Pickup and delivery laundry services via home-based contractors, with the TimeBoss platfo… | 18 Aug 2025, Seed | 1 | 0 |
Fund closes reported for Female Founders Co-Investment Fund, as distinct from the investments it has made.
Companies Female Founders Co-Investment Fund has backed that another company then bought. An exit for the holding, not a deal Female Founders Co-Investment Fund did.
Stories naming Female Founders Co-Investment Fund. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
The Laundry Lady, a Sunshine Coast laundry services startup, has raised $1m from Karl Jacoby, angel groups and Queensland government programs, ending 13 years without outside capital as it eyes Canada and the UK.
Weekly roundup detailing new capital for Australian startups Diraq, BrainFish, RecycleSmart, Cohabit and Five Faces, alongside Alumly's undisclosed multimillion-dollar backing from UK investor Mauve Group.
Also Startup Daily
Five Faces, a Queensland health software company, has brought in its first outside capital: a Series A round with Utiliti Group leading and grant support from the Female Founders Co-Investment Fund.
Queensland's Backing Female Founders initiative is taking fresh applications across two grant streams and has widened co-investment fund eligibility; Annuo MedTech and Stripped Supply were the fund's first recipients.