Accelerator · 2 deals
Federal government-backed accelerator advancing innovation in the food and beverage sectors
Every published round Food and Beverage Accelerator (FaBA) 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 |
|---|---|---|---|---|---|---|
| Eclipse Ingredients | Unnamed stage | 15 Jul 2025 | $7m | Participant | SmartCompany (18 Jul 2025), Startup Daily, SmartCompany (15 Jul 2025), AgFunderNews | |
| SeaStock | Accelerator | Oct 2025 | $740k | Lead | FaBA, Startup Daily, SmartCompany |
Companies Food and Beverage Accelerator (FaBA) has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Eclipse Ingredients | 15 Jul 2025 | 1 | 0 | |
| SeaStock | Food tech startup developing clean-label functional ingredients from Asparagopsis algae | Oct 2025, Accelerator | 1 | 1 |
Fund closes reported for Food and Beverage Accelerator (FaBA), as distinct from the investments it has made.
Companies Food and Beverage Accelerator (FaBA) has backed that another company then bought. An exit for the holding, not a deal Food and Beverage Accelerator (FaBA) did.
| Name | Role | Sources |
|---|---|---|
| Dr Chris Brown | Director | Startup Daily, SmartCompany |
Stories naming Food and Beverage Accelerator (FaBA). Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of a quiet funding week: Melbourne workforce-platform maker 2cloudnine banked over $7.5m, algae-ingredient maker SeaStock $740,000 from government accelerator FaBA, while San Francisco's Sumble emerged with $59m.
Also Startup Daily
Weekly roundup detailing five Australian startups' raises: a PR platform's Series B, a biotech's post-stealth funding, a defence tech round, a pre-seed voice-AI raise, and a crowdfunding campaign.
Also Startup Daily
Precision fermentation startup Eclipse Ingredients has come out of stealth with a $7 million round backed by the Australian government and AgFunder to produce human lactoferrin for food and skincare markets.