Investor · 1 deal
Every published round Fortescue Metals 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 |
|---|---|---|---|---|---|---|
| Electric Hydrogen | Series C | Oct 2023 | $380m | Lead | Crunchbase News (16 May 2024), Crunchbase News (9 Nov 2023) |
Companies Fortescue Metals has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Electric Hydrogen | Oct 2023, Series C | 1 | 1 |
Fund closes reported for Fortescue Metals, as distinct from the investments it has made.
Companies Fortescue Metals has backed that another company then bought. An exit for the holding, not a deal Fortescue Metals did.
| Name | Role | Sources |
|---|---|---|
| Dr Andrew Forrest | Founder | Women's Agenda, RenewEconomy, Startup Daily (13 Feb 2023), Startup Daily (15 Aug 2022) |
| Fiona Hick | Chief Executive (former) | Beef Central / Grain Central |
Stories naming Fortescue Metals. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Profiles Australia's ten wealthiest women from the AFR's new list, alongside Canva's in-progress share sale, a large gift to a global gender-fund vehicle, and one backer's earlier healthtech round.
RenewEconomy reports J-Power's $380 million takeover offer for ASX-listed Genex Power, a year after Skip Capital's failed attempt; the Japanese utility already owns a stake and has lent the company $35 million.
Also RenewEconomy
Michigan is funding Fortescue's new Detroit plant with a US$12.7 million grant plus city tax incentives, where the Australian company will make batteries, chargers and electrolysers from 2025.
Crunchbase's October 2023 unicorn board update: nine newcomers led by two cybersecurity firms, with Sydney's Employment Hero reaching unicorn status, Shield AI revalued upward, and Convoy and Olive AI shutting down.
Also Crunchbase News
Paul Slaughter has abruptly left his role as chief executive of WA meat processor Harvest Road, becoming the latest in a series of senior departures from Twiggy Forrest's Tattarang group.
Sydney LiDAR maker Baraja has laid off about three quarters of its staff after a rough stretch for self-driving ventures. The piece recalls earlier backing from Veoneer, Blackbird, Main Sequence and Sequoia China.
Andrew Forrest's private investment company Tattarang is launching Tenmile, a Perth-based $250 million health-tech venture fund that has already backed Emyria and Carina Biotech and partnered with Rock Health.