GP · Founder, Galileo Ventures
Stories naming Hugh Stephens. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Artesian writes that Galileo Ventures' second fund has closed $15 million of a $30 million target, counting Artesian and Innovation Victoria among its backers, and has made a first investment in Fluent BCI.
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Galileo Ventures' annual letter looks back on 2025: a partner hire, raises at Relevance AI, Andromeda and Tixel, a 25th investment in Isaacus, and Breakthrough Victoria as cornerstone backer of Fund II.
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Victoria's Breakthrough Victoria has committed $75m to five specialist VC funds covering climate tech, life sciences, female founders and healthcare, each pledging a quarter of its capital to local startups.
Breakthrough Victoria is putting $75 million into five venture capital funds, including Virescent, SYNthesis BioVentures, Scale and Galileo, each of which has pledged a quarter of its capital to Victorian startups.
Galileo Ventures has invested $250,000 in legal-AI startup Isaacus as part of a $700,000 pre-seed round it co-led with Aura Ventures; the post explains why it backed founder Umar Butler.
Galileo Ventures announces a $240,000 seed backing for Gumnut, a developer-tools startup adding real-time collaboration and AI agents to SaaS forms, and sets out its investment thesis.