Investment Notes: National Renewable Network
Jelix's investment note explains why its fund joined NRN's oversubscribed $4.3m raise ahead of its Series A, covering the startup's solar financing model, rapid revenue growth, and market opportunity.
Venture capital fund · 3 deals
Early-stage venture capital firm backing daring founders in Australia and New Zealand
Every published round Jelix Fund 1 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 |
|---|---|---|---|---|---|---|
| National Renewable Network | Seed | Nov 2024 | $4.3m | Participant | Startup Daily, RenewEconomy, Jelix Ventures, SmartCompany | |
| Gelomics | Seed | Jul 2024 | $2.2m | Lead | Startup Daily | |
| Fugu Carbon | Seed | Jul 2024 | $1.7m | Participant | Jelix Ventures, SmartCompany, Startup Daily, Investible portfolio |
Companies Jelix Fund 1 has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Gelomics | Fast-tracks biomedical R&D by enabling scientists to grow 3D cell cultures that model hum… | Jul 2024, Seed | 1 | 1 |
| Fugu Carbon | Creates machines that extract CO2 from the air and sell it to customers | Jul 2024, Seed | 1 | 0 |
| National Renewable Network | Virtual power plant model changing how Australians access solar and batteries | Nov 2024, Seed | 1 | 0 |
Fund closes reported for Jelix Fund 1, as distinct from the investments it has made.
Companies Jelix Fund 1 has backed that another company then bought. An exit for the holding, not a deal Jelix Fund 1 did.
Stories naming Jelix Fund 1. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Jelix's investment note explains why its fund joined NRN's oversubscribed $4.3m raise ahead of its Series A, covering the startup's solar financing model, rapid revenue growth, and market opportunity.
Jelix Ventures explains its follow-on backing of edtech firm Inquisitive's AUD 6.5 million Series A extension, with Premier Capital Partners leading, and recounts founder Tim Power's edtech track record.
Jelix's note explains its fund's participation in Nominal Systems' oversubscribed seed round, profiling the spacetech founders, their industry collaborations, early profitability and plans for recurring digital-twin revenue.
Jelix's note explains its fund's participation in Fugu Carbon's newly announced seed round, with Investible leading and Counteract VC plus Electrifi Ventures also in, covering the carbon capture venture's market, technology and founders.
Jelix's investment note explains why its fund led Gelomics's seed round, with QIC and Angelloop participating; the startup grows 3D cell cultures for biomedical research and drug development.