Leigh Jasper leads a new $50 million fund backed by Australian unicorn founders
Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.
Venture capital fund · 4 deals
Melbourne, VIC
Every published round Gravel Road 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 |
|---|---|---|---|---|---|---|
| Adatree | Series A | 28 Sep 2022 | - | Participant | Techboard, Australian FinTech | |
| CLT Toolbox | Seed | Oct 2023 | $1.5m | Participant | Startup Daily (24 May 2024), SmartCompany (24 May 2024), SmartCompany (21 May 2024), SmartCompany (13 Oct 2023), Startup Daily (10 Oct 2023) | |
| Mastt | Series A | 14 Mar 2022 | $9.5m | Participant | Techboard, Startup Daily (21 Mar 2022), Startup Daily (14 Mar 2022), Our Innovation Fund (14 Mar 2022), Our Innovation Fund (14 Mar 2022), Artesian VC portfolio, Artesian VC portfolio, Investible portfolio, OIF Ventures portfolio | |
| Veyor Digital | Seed | 23 Apr 2024 | $2.8m | Participant | SmartCompany (26 Apr 2024), Startup Daily, SmartCompany (23 Apr 2024) |
Companies Gravel Road 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 |
|---|---|---|---|---|
| Adatree | 28 Sep 2022, Series A | 1 | 0 | |
| CLT Toolbox | Oct 2023, Seed | 1 | 0 | |
| Mastt | 14 Mar 2022, Series A | 1 | 0 | |
| Veyor Digital | 23 Apr 2024, Seed | 1 | 0 |
Companies Gravel Road Ventures's own portfolio page lists that no published round yet places it in. The page is the source; the round is being looked for.
| Company | Site |
|---|---|
| GoDaddy | godaddy.com ↗ |
Fund closes reported for Gravel Road Ventures, as distinct from the investments it has made.
Companies Gravel Road Ventures has backed that another company then bought. An exit for the holding, not a deal Gravel Road Ventures did.
| Name | Role | Sources |
|---|---|---|
| Jo Lanyon | Chief of Staff | Startup Daily |
| Rob Phillpot | Founder | Startup Daily, SmartCompany, Australian FinTech |
Stories naming Gravel Road Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.
Weekly roundup covering five Australian startups' raises: Phasio's seed led by AirTree, CLT Toolbox, X-Hemp's crowdfunding, gridmo's first round, and Humpday's pre-seed from Antler.
Construction materials tracking startup Qflow closed a Series A led by Systemiq Capital to grow in the US and Australia; the piece recalls earlier seed backing and lists construction industry customers.
Australian Consumer Data Right platform Adatree closed an oversubscribed second funding round, drawing re-investment from existing backers and new investors including Aconex's co-founders' family offices and MoneyPlace's founder.
Also Techboard·Startup Daily