Venture capital fund · 1 deal
Cottesloe, WA
Every published round Foxglove Ventures 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 |
|---|---|---|---|---|---|---|
| Type One Energy | Seed | 2 Aug 2024 | US$82.5m (A$127m) | Participant | Forbes Australia, TechCrunch Australia |
Companies Foxglove Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Type One Energy | Advancing fusion energy. | 2 Aug 2024, Seed | 1 | 0 |
Fund closes reported for Foxglove Ventures, as distinct from the investments it has made.
Companies Foxglove Ventures has backed that another company then bought. An exit for the holding, not a deal Foxglove Ventures did.
| Name | Role | Sources |
|---|---|---|
| Matt Bungey | Partner | RenewEconomy, Forbes Australia, Foxglove Ventures team page |
Stories naming Foxglove Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Feature on Australian capital moving into fusion energy: super fund Hostplus backs Commonwealth Fusion Systems, Foxglove Capital's Matt Bungey backs Type One, and startup HB11 Energy pursues laser proton-boron fusion locally.
Fusion startup Type One Energy has pulled in a $53.5m extension to its seed round, led by Breakthrough Energy Ventures with Foxglove Ventures and GD1 taking part, to accelerate its stellarator reactor plans.
Also Forbes Australia
InterEarth, a Western Australian biomass carbon storage venture, has drawn investment from Fund WA — its third deal — alongside Counteract and Foxglove Capital, and is working with Nasdaq-owned carbon registry Puro.earth.