Athletes' venture firm raises first fund | Private Equity Media
Athletic Ventures, started by former athletes, has closed its debut fund at $25 million, with about 100 sports stars and several veteran venture figures backing it as limited partners.
Chair, Magellan · angel in 2 deals
| Role | Organisation | Sources |
|---|---|---|
| Captain (former) | Wallabies | Startup Daily |
| Chair | Magellan | privateequitymedia.com.au |
Every published round John Eales 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 |
|---|---|---|---|---|---|---|
| Q-CTRL | Series B | 9 Oct 2024 | $88m | Participant | Startup Daily (15 Apr 2025), Startup Daily (13 Feb 2025), SmartCompany (19 Dec 2024), SmartCompany (11 Oct 2024), Forbes Australia, @AuManufacturing, SmartCompany (8 Oct 2024), Main Sequence Ventures portfolio | |
| Q-CTRL | Series B | 6 Feb 2023 | $39m | Participant | SmartCompany (11 Oct 2024), SmartCompany (28 Jul 2023), Forbes Australia, @AuManufacturing, SmartCompany (3 Feb 2023), Startup Daily, TechCrunch Venture |
Companies John Eales has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Q-CTRL | 6 Feb 2023, Series B | 2 | 0 |
Fund closes reported for John Eales, as distinct from the investments it has made.
Companies John Eales has backed that another company then bought. An exit for the holding, not a deal John Eales did.
Stories naming John Eales. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Athletic Ventures, started by former athletes, has closed its debut fund at $25 million, with about 100 sports stars and several veteran venture figures backing it as limited partners.
Quantum computing company Q-CTRL has added $87.5 million in fresh equity, expanding its Series B round, with GP Bullhound leading and a group of new and returning backers participating.
Also Forbes Australia·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily
Weekly roundup covering five Australian startups that announced a combined $58.5 million in new funding, spanning quantum computing, advertising software, mining safety technology and event rental software, alongside government grant programs.
Sydney quantum software firm Q-CTRL announced a $27.4 million Series B extension with new backers including Salesforce Ventures, following its $25 million Series B led by Airbus Ventures in late 2021.
Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·@AuManufacturing·Forbes Australia