Venture capital fund · 2 deals

Func Ventures

Disclosed deals

Every published round Func 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
Support Fusion	Pre-seed	26 Mar 2026	$1m	Lead	Exhort Ventures Biagio LaRosa Ryan Spillane Toby Alcock Antler Australia	Startup Daily (27 Mar 2026), Startup Daily (27 Mar 2026), SmartCompany, ARN (ARNnet)
Tikpay	Pre-seed	19 Sep 2023	$1.6m	Participant	Afterwork Ventures Black Nova VC Investible Metagrove Ventures Black Nova Ventures	AfterWork Ventures (14 Nov 2023), Startup Daily, SmartCompany, AfterWork Ventures (13 Sep 2023)

Portfolio

Companies Func 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
Support Fusion	A platform that lets managed IT service providers and their enterprise clients collaborat…	26 Mar 2026, Pre-seed	1	1
Tikpay	Account-based ticketing and payments for public transport	19 Sep 2023, Pre-seed	1	0

Funds

Fund closes reported for Func Ventures, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Func Ventures yet.

Portfolio companies acquired

Companies Func Ventures has backed that another company then bought. An exit for the holding, not a deal Func Ventures did.

Company	Bought by	Kind	Announced	Price
No portfolio company of Func Ventures is recorded as having been acquired.

Coverage

Stories naming Func Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

12 deals

Eight ANZ startups that raised $373.3 million this week

Weekly roundup detailing eight trans-Tasman raises totalling A$373.3 million, headlined by Halter's Series E, spanning quantum computing, biomanufacturing, robotics, adtech and agtech, plus a recalled $2 billion founder exit.

SmartCompany 27 Mar 2026 Cauldron Cuttable Future Maintenance Technologies Halter Rumin8 Scanabull Silicon Quantum Computing Support Fusion A Cloud Guru AgriZero Copenhagen Metro CSIRO Downer EDI Dubai Metro Freemantle Seaweed Future Feed High-Capacity Metro Trains Lufthansa Rio Tinto Sea Forest Silver Fern Farms AirTree Ventures Antler Australia Bessemer Blackbird Ventures Bond Brighter Super Callaghan Innovation Commonwealth Bank of Australia DCVC Enterprise Angels Exhort Ventures Federal Government Founders Fund Func Ventures Glitch Capital Horizon Ventures Icehouse Ventures Main Sequence Ventures NewView NGS NRF Corporation NSW Government Promus Queensland Investment Corporation Rampersand SOSV Sprout Agritech Square Peg Capital Taronga Group Telstra Ubiquity University of NSW Benjamin Duncan Craig Piggott Dan Bull Daniel Stuart-Jones David Kestenbaum Greg Rudakov Michele Stansfield Professor Michelle Simmons Paul Sealock Peter Thiel Sam Kroonenburg Steve Rudakov Ursula Haywood

Also Startup Daily

Pre-seed $1m

Support Fusion closes $1M funding for headcount growth

A software vendor has secured $1 million in pre-seed backing led by two venture firms, with an earlier backer and three channel executives also investing, to fund hiring in Australia and the US.

ARN (ARNnet) 23 Mar 2026 Support Fusion 360 Consulting Generation-e Logicalis Paratira Antler Australia Exhort Ventures Func Ventures Biagio LaRosa Ryan Spillane Toby Alcock Federico Quaia Greg Rudakov Steve Rudakov

Also SmartCompany·Startup Daily·Startup Daily

13 deals

Nine Aussie startups that raised $40.5 million this week

Weekly roundup covering nine Australian startups' new capital totalling $40.5 million, across solar, quantum computing, marketing tech and crowdfunding, plus a look back at Aconex's $1.6 billion Oracle sale.

SmartCompany 3 Nov 2023 Analog Quantum Circuits Firmable Good Earth Dairy Happly Heartful Mutinex SunDrive A Cloud Guru Aconex ASX Australian Government Birchal Blackbird Ventures Canva Clean Energy Finance Corporation FCX Hannas Group Hosting with Heart Main Sequence Ventures OnMarket Oracle Redbubble Taxibox Tesla University of Queensland AirTree Ventures Australian Renewable Energy Agency (ARENA)Cut Through Angels EVP Partners Func Ventures Karthik Venkatasubramanian Leigh Jasper Paul Perrett Uniseed Western Australian government Adam Lewis Andrew Sypkes Cameron Adams Danny Hanna Malcolm Turnbull Martin Hosking Max Cunningham Mike Cannon-Brookes Rob Phillpot Sam Kroonenburg Andrew Weinman Anthony Albanese Arkady Federov Chris Bowen Henry Innis Jen Clark Jeremy Rosen Justin Lipman Karthik Venkatasubramanian Leigh Jasper Marcel Steingiesser Matt Farrugia Paul Perrett Robyn Denholm Stephen Burns Professor Tom Stace

Also SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Wholesale Investor

Pre-seed

Investment Notes: tikpay

AfterWork Ventures explains why it co-led transport ticketing and payments startup tikpay's pre-seed round with Black Nova Ventures, Investible, Func Ventures and Metagrove Ventures, citing the founders' deep sector expertise.

Afterwork Ventures portfolio 13 Sep 2023 Tikpay Littlepay Papercut Software Afterwork Ventures Black Nova Ventures Func Ventures Investible Metagrove Ventures Belinda Ralston Michael Walters Simon O'Connor

Also Afterwork Ventures portfolio·SmartCompany·Startup Daily

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