Co-head of Investments, Australian Business Growth Fund
Stories naming Ghazaleh Lyari. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
ABGF invests $10 million in Solbari, a Melbourne sun-protective apparel brand, marking the growth fund's second woman-led backing and funding wholesale and overseas expansion.
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Growth fund ABGF has invested $10 million for a minority stake in Solbari, a Melbourne sun-protective clothing label, its tenth deployment and second backing of a female-founded company.
Skincare company Inskin Cosmedics has received an undisclosed investment from the Australian Business Growth Fund, becoming the fund's first women-founded portfolio company; earlier ABGF investments in Hubbed and Derwent Industries are recalled.
Reports that a fund backed by government and major banks has taken a minority stake in a parcel pick-up network, profiling its patient investment model and recalling an earlier cheque to a clean-energy maker.
Also Startup Daily
Enterprise software firm Capsifi has received an $11 million growth investment from the Australian Business Growth Fund, its first for 2022, to fund international expansion, with the fund's earlier backing of two other startups also recalled.