Corporate / CVC · 3 deals
Andrew and Nicola Forrest's agri-food business
Every published round Harvest Road Group 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 |
|---|---|---|---|---|---|---|
| Rumin8 | Seed | 24 Jan 2023 | $25m | Participant | Techboard, SmartCompany, Beef Central / Grain Central | |
| ProForm Foods | Unnamed stage | 17 Dec 2021 | ~$5m | Participant | Startup Daily (30 May 2024), SmartCompany (28 May 2024), SmartCompany (17 Dec 2021), Startup Daily (16 Dec 2021) | |
| Rumin8 | Seed | 26 Jan 2023 | $17 | Participant | Startup Daily (26 Mar 2026), AgFunderNews (3 Apr 2024), Crunchbase News, Startup News (WA), AgFunderNews (26 Jan 2023), SmartCompany (26 Jan 2023), Startup Daily (23 Jan 2023), SmartCompany (23 Jan 2023) |
Companies Harvest Road Group has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| ProForm Foods | 17 Dec 2021 | 1 | 0 | |
| Rumin8 | Western Australian startup | 24 Jan 2023, Seed | 2 | 0 |
Fund closes reported for Harvest Road Group, as distinct from the investments it has made.
Companies Harvest Road Group has backed that another company then bought. An exit for the holding, not a deal Harvest Road Group did.
| Name | Role | Sources |
|---|---|---|
| Dr Andrew Forrest | Founder | Startup News (WA) |
| Nicola Forrest | Founder | Startup News (WA) |
| Paul Slaughter | Chief Executive Officer (former) | Beef Central / Grain Central (29 Aug 2023), Startup News (WA), Beef Central / Grain Central (24 Jan 2023), Startup Daily (23 Jan 2023), SmartCompany, Startup Daily (16 Dec 2021) |
Stories naming Harvest Road Group. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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.
KPMG insolvency practitioners now run plant-based meat firm Proform Foods, which trades on during a sale process; the piece recalls Harvest Road's 2021 minority stake, reportedly near $5 million.
Q&A with FutureFeed's chief executive on Asparagopsis seaweed as a livestock methane-cutting feed additive: its licensing business, backers, licensees' progress, regulation, research and scaling hurdles.
Paul Slaughter has abruptly left his role as chief executive of WA meat processor Harvest Road, becoming the latest in a series of senior departures from Twiggy Forrest's Tattarang group.
WA climate tech firm Rumin8 closed the second phase of its seed round, raising US$12 million from Breakthrough Energy Ventures and Harvest Road Group, with existing climate fund investors topping up their holdings.
Also SmartCompany·Techboard
Breakthrough Energy Ventures, the fund led by Bill Gates, took part in a $17.24 million round for Perth climate startup Rumin8, whose cattle feed additives cut methane; Prelude Ventures, Aware Super and Harvest Road also invested.
Also Startup Daily·SmartCompany·AgFunderNews·Startup Daily·Startup News (WA)·AgFunderNews·Crunchbase News
Asparagopsis seaweed feed supplement reaches commercial phase in Australia as CH4 Global records first feedlot sales. FutureFeed licenses CSIRO-discovered technology, with Sea Forest and SeaStock also taking orders from beef producers.
Rokt's Series E tops a week of Australian raises including Dovetail, Inventia, DiviPay, Atomi, 6clicks, Replica Studios and ProForm Foods, with SimPro's recent raise noted.
Andrew Forrest's family company Tattarang, via its agri-food venture Harvest Road, has taken a roughly $5 million strategic minority stake in Sydney plant-based meat maker ProForm Foods as it targets international growth.