Investor · 3 deals
Besieged insurer
Every published round IAG 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 |
|---|---|---|---|---|---|---|
| Mako | Series A | 4 Aug 2026 | $28m | Participant | Startup Daily (5 Aug 2026), Virescent Ventures, Defence Connect, Forbes Australia, Startup Daily (30 Jun 2026), SmartCompany, IP Group Australia portfolio, mako.aero, Virescent Ventures portfolio | |
| Carbar | Unnamed stage | 15 Feb 2022 | $28.9m | Lead | Startup Daily (17 Feb 2025), LaunchVic, Startup Daily (15 Feb 2022) | |
| Carbar | Unnamed stage | 2019 | $16.8m | Participant | Startup Daily (17 Feb 2025), Startup Daily (15 Feb 2022) |
Companies IAG has backed in a published round, and companies whose existing shares it bought off another holder.
This is a stake in the fund itself, money that the fund's manager invests, not a stake in the fund manager.
Companies IAG has backed that another company then bought. An exit for the holding, not a deal IAG did.
| Name | Role | Sources |
|---|---|---|
| Alison Deans | Director (former) | Startup Daily |
| Andrew Kitchen | audd.digital, Australian FinTech |
Stories naming IAG. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
AUDC, issuer of the AUDD stablecoin, has hired Andrew Kitchen as CFO and José Barroso as growth general manager, deepening its executive bench amid rising demand and its recent New Zealand token launch.
Stablecoin issuer AUDC hires Andrew Kitchen as CFO and José Barroso as growth chief, extending an executive build-out to support rising demand for its digital-money and settlement services across Australia and New Zealand.
Sonder, a workplace health and wellbeing provider, closed a 40 million dollar round with Blackbird and Seek leading, Hostplus newly investing, and funds aimed at growth across Australia, New Zealand, Britain and AI features.
A LaunchVic profile of DAS, a Victorian venture using satellites to chart rural land for lenders, insurers and the ABS; Sarah Gorman recalls its Startmate cohort and praises Victoria's startup ecosystem.
Interview with Code Like A Girl founder Ally Watson on 2023's challenges — a federal grant, loyal partners, burnout — and 2024 plans for a new business-to-business product.
Main Sequence, CSIRO's deep tech venture fund, adds Cochlear chair Alison Deans as a venture partner, extending her investment committee service since 2017; its third fund brought in $450 million in July.
IAG, via its NRMA Insurance brand, has bought Carrie Kwan's women-in-business platform Mums & Co at an undisclosed price; Kwan's team keeps running the brand, alongside a new microbusiness report.
IoT home-safety maker Sensor Global has banked a $2.65m seed round from property-focused backers including Second Century Ventures, which rated it the pick of its 2023 Australian accelerator intake.
A weekly roundup reporting six Australian startups that raised a combined $19 million, including Quasar, Nexl, MoreGoodDays, DAS and Our Cow, plus Our Cow's earlier acquisition of delivery startup Voly.
Also Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Forbes Australia
Australian agtech firm DAS has raised $3 million with TELUS Ventures investing, supporting expansion into Canada and North America. Existing backers include CSIRO, IAG and Startmate; DAS is a Winter 2020 Startmate alumnus.
NSW announced the second-round recipients of its electric fleet grant program, including Splend, IAG, Origin Energy and Sixt, and invited businesses to apply for a third round.
Sydney digital-twin software firm Trendspek raised a $6.3 million Series A led by Taronga Ventures with IAG's Firemark Ventures, after a 2020 seed round led by Sydney Angels.
Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Dealroom
Car subscription software firm Loopit hires Nima Idel to lead product growth, shortly after completing its first external capital raise of $3.6 million as it plans further expansion.
SME funding platform Swoop has raised a Series A round to grow its Australian and global operations, expand its team, and build out its advisor product for accountants.
Ignition Lane's weekly roundup: Zip's deal for Sezzle, Zeller's unicorn raise, several Australian funding rounds, Startmate backing Provvy, a space manufacturing grant, NZVC's first close, and tech's response to Russia.
IAG's venture arm Firemark Ventures has committed a $75 million second fund, already deployed into Texas 3D imaging startup Plnar; earlier backing included UpGuard, Myriota, Hyper Anna, Airtasker and Life360.
Also Startup Daily
Melbourne car subscription startup Carbar has raised $28.9 million led by insurer IAG and Seven West Media, following a 2019 raise, to fund marketing, partnerships, technology and growth of its electric vehicle fleet.
Also Startup Daily·LaunchVic