Dragonfly update
Year-end letter from Dragonfly's chairman: new CEO and two board appointments, a completed biodiversity investment, portfolio progress in water, energy and biotech, and a conservation partnership noted.
Startup · $29m raised
Townsville, QLD
Every investor coverage indicates participated in a round Jet Zero Australia raised.
Companies Jet Zero Australia acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Jet Zero Australia. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Year-end letter from Dragonfly's chairman: new CEO and two board appointments, a completed biodiversity investment, portfolio progress in water, energy and biotech, and a conservation partnership noted.
Government energy agency ARENA announced $9 million in funding for Jet Zero Australia's Townsville sustainable aviation fuel project, with Queensland adding $5 million toward the FEED study; Qantas, Airbus and Idemitsu Kosan are consortium partners.
Oceania Biofuels withdraws its planned Gladstone refinery from federal approval; the article surveys a biofuels sector in retreat, from Fulcrum's US collapse to Carnarvon abandoning a WA plant and Jet Zero's new backers.
Dragonfly Enviro Capital has put a further $4 million into Jet Zero as part of the company's recently announced $30 million raise, with Qantas and Airbus also taking part.
Also Early VC
Newsletter highlights Australian startup funding including Jet Zero, Kismet, VaultEscrow, Jupiter Ionics, ChronoForge, FLK it over, Anni, and Bae Juice, alongside M&A activity.
Also Early VC