Startup · $154m raised
Mining company using CorePlan's platform
Every investor coverage indicates participated in a round Fortescue raised.
| Investor | Rounds | Invested |
|---|---|---|
| Australian Renewable Energy Agency | Grant · Grant | $45,000,000 |
| Australian Renewable Energy Agency (ARENA) | Grant | $45,000,000 |
| Queensland | Grant | - |
| Queensland Government | Grant | - |
| State of Queensland | Grant | $66,000,000 |
| the federal government | Grant | - |
Every published round Fortescue 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 Fortescue has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Fortescue, as distinct from the investments it has made.
Companies Fortescue has backed that another company then bought. An exit for the holding, not a deal Fortescue did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Fortescue is recorded as having been acquired. | ||||
Companies Fortescue acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Nabrawind | Acquisition | 2025 | - | RenewEconomy (26 May 2026), RenewEconomy (26 May 2026) |
| Name | Role | Sources |
|---|---|---|
| Bart Kolodziejczyk | Executive (former) | RenewEconomy (2 Sep 2026), RenewEconomy (2 Sep 2026), Startup News (WA) |
| Bjorn Winther-Jensen | Executive (former) | RenewEconomy (2 Sep 2026), RenewEconomy (2 Sep 2026) |
| Dino Otranto | CEO | RenewEconomy (18 Feb 2026), RenewEconomy (18 Feb 2026), RenewEconomy (10 Nov 2025), RenewEconomy (10 Nov 2025), ARENA, RenewEconomy (3 Dec 2024) |
| Dr Andrew Forrest | Chair (former) · Founder | RenewEconomy (2 Sep 2026), RenewEconomy (2 Sep 2026), Dealroom, Forbes Australia, RenewEconomy (1 Jul 2026), RenewEconomy (1 Jul 2026), RenewEconomy (24 Jun 2025), RenewEconomy (3 Dec 2024), Startup Daily, @AuManufacturing, RenewEconomy (26 Jun 2022) |
| Dr Andrew Forrest | Boss (former) | Startup Daily (9 Jul 2024), Startup Daily (30 May 2024), @AuManufacturing |
| Julie Shuttleworth AM | Deputy CEO (former) | firmus.co |
| Michael Masterman | Executive (former) | RenewEconomy (2 Sep 2026), RenewEconomy (2 Sep 2026) |
| Nev Power | CEO (former) | Australian FinTech |
Stories naming Fortescue. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
The renewable energy agency grants Equans Solar & Storage $25 million for Lightspeed, a three-year program trialling up to ten technologies to cut the cost of building and running large-scale solar farms.
Filings show Canva backed Sharon AI's US$103 million December 2025 raise with Regal, Ellerston, Digital Alpha and others; the Sydney compute provider has since floated on Nasdaq and raised US$2.15 billion more.
Also Dealroom
Western Australia's government has shortlisted 23 companies for the 2026 Innovators of the Year awards across six categories; $310,000 in prizes will be shared in November, and past winners including Kanopy are recalled.
Perth-based drilling and exploration software company CorePlan raised a follow-on round led by existing investor EVP to fund global expansion.
Orica will proceed with its Hunter Valley green hydrogen plant after a final investment decision, the first under Hydrogen Headstart; earlier government grants to it and CIP's Murchison are recalled.
Orica has reached a final investment decision for its Hunter Valley green hydrogen and ammonia project, confirming government grant support, while other planned Australian hydrogen projects advance slowly or have been abandoned.
Also RenewEconomy
Spanish turbine-installation tech firm Nabrawind, bought by Fortescue, has completed its first crane-less turbine erection in Namibia; the miner intends to deploy the method at its Pilbara wind projects.
Also RenewEconomy
Edify Energy has shelved its Townsville green hydrogen plant for want of buyers, pivoting to solar and storage builds; governments are separately seeking repayment of hydrogen subsidies, including from Fortescue's closed Gladstone plant.
ARENA grants Fortescue $10m toward 6 MW chargers for its big battery mining trucks, to be trialled at Hazelmere and Christmas Creek, with the project finishing in late 2025.
Also RenewEconomy
Firmus announces three new non-executive directors joining its grid board from March 2026, each bringing finance, governance or resources and energy delivery experience.
Perth-based mining software firm CorePlan has secured $5 million in a follow-on raise, with existing backer EVP leading, to grow its team and push into drilling and geology workflows; BHP is a user.
Sparc Hydrogen, a Fortescue-backed joint venture, says its South Australian pilot plant has produced hydrogen continuously using sunlight and a catalyst; Fortescue Future Industries bought its stake in 2022.
A South Australian pilot plant run by Sparc Hydrogen, a venture of Sparc Technologies, Fortescue and the University of Adelaide, has shown sustained hydrogen production from sunlight and water alone.
The renewable energy agency has committed as much as $45m to Fortescue's Pilbara solar testing hub, where demonstration projects with Built Robotics and 5B will trial construction robotics and rapid-deployment solar technology.
The hydrogen partnership and a university have won a $2.75 million federal Innovate grant to advance a South Australian pilot reactor, adding to money their shareholders committed during 2025.
Sparc Technologies, Fortescue and the University of Adelaide have switched on an Adelaide pilot plant that makes green hydrogen from sunlight without electrolysers.
Melbourne document-AI firm Affinda, founded by Tim and Ben Toner, closed a $10m round from family offices and wealthy individuals after an earlier $13m raise; Deloitte ranked it the nation's fastest-growing AI company.
Roundup of Australian manufacturing updates: Sparc Hydrogen's R&D tax refund, executive appointments at Lockheed Martin Australia, Wellnex Life and Raytheon, a ReNu Energy power purchase deal, and BlueScope joining a low-carbon research centre.
Briefs roundup: Forbidden Foods is acquiring oat milk maker Oat Milk Goodness alongside a $650,000 raise, Orbital Corporation wins a $1 million WA grant, and Sam Roberts becomes Professionals Australia's CEO.
KPMG administrators took control of ProForm Foods, the company behind the Meet brand, and the piece recalls earlier raises at v2food and All G Foods as the plant-based sector cools.
Australia's renewable energy agency handed out $59.1 million in grants across two rounds, backing 21 university, CRC and startup projects in green hydrogen and cleaner iron and steel production.
Also RenewEconomy
Andrew Forrest again postpones a decision on the Gibson Island green hydrogen project in Queensland, and his Squadron Energy appoints ex-APA head Rob Wheals chief executive, with Jason Willoughby shifting to chairman.
Billionaire Mike Cannon-Brookes, via a Grok-linked joint venture with Quinbrook, has completed the buyout of SunCable out of administration; the article also recalls earlier raises and names an interim CEO.
Also Startup Daily
Roundup of Australian manufacturing news: Matrix Composites raises via convertible note, Cronos hits a sales milestone, Ellen Medical finalists, ASC digitises its supply chain, a hydrogen refueller opens, and Titomic signs a US reseller.
News roundup: EMVision receives a $2.5 million NSW medical devices grant, ADDE appoints a liquidator, DroneShield wins an order, SciDev and Q-CTRL name executives, and ReNu Energy signs a non-binding term sheet with HESTA.
Also @AuManufacturing
Mining major Rio Tinto has joined Bill Gates' fund and other industrial and cleantech backers in a US$198 million Series B for hydrogen electrolyser developer Electric Hydrogen; Fortescue's electrolyser investments are also noted.
The founders of the shuttered Stylerunner have raised seed funding for their new shopping app Her Black Book, led by Andrew Hagger with Touch Ventures support; the article recalls Stylerunner's acquisition by Accent Group.
Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany
Earlytrade, which speeds up invoice payments to suppliers, has landed a $6 million round, with Shearwater Growth Equity contributing $2.5 million and several business figures also taking part.