Startup · $12m raised
Every investor coverage indicates participated in a round Hubbed raised.
| Investor | Rounds | Invested |
|---|---|---|
| Australian Business Growth Fund | Unnamed stage | $12,000,000 |
Companies Hubbed acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| David McLean | CEO · Founder | Startup Daily, SmartCompany |
Stories naming Hubbed. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
The government-backed growth fund has doubled its largest first-investment size to $30m and may now take majority stakes; it also invested an undisclosed multimillion sum in defence manufacturer Griffin Industrial Group.
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