Chair, Magellan · angel in 2 deals

John Eales

Role	Organisation	Sources
Captain (former)	Wallabies	Startup Daily
Chair	Magellan	privateequitymedia.com.au

Disclosed deals

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	GP Bullhound Main Sequence Ventures Salesforce Ventures Lockheed Martin Ventures Edison NTT Finance Salus Group Alpha Edison TISI Alumni Ventures DCVC ICM Allectus	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	Salesforce Ventures Alumni Ventures ICM Allectus Mindrock Bill Lightfoot Airbus Ventures Data Collective Horizons Main Sequence Ventures Ridgeline	SmartCompany (11 Oct 2024), SmartCompany (28 Jul 2023), Forbes Australia, @AuManufacturing, SmartCompany (3 Feb 2023), Startup Daily, TechCrunch Venture

Portfolio

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

Funds

Fund closes reported for John Eales, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for John Eales yet.

Portfolio companies acquired

Companies John Eales has backed that another company then bought. An exit for the holding, not a deal John Eales did.

Company	Bought by	Kind	Announced	Price
No portfolio company of John Eales is recorded as having been acquired.

Coverage

Stories naming John Eales. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Fund close $25m

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.

privateequitymedia.com.au 8 Apr 2025 Athletic Ventures AirTree Ventures Blackbird Ventures Eucalyptus Guzman y Gomez GWS Giants Magellan Telsa Daniel Petre David Taylor Dylan Alcott John Eales Pat Cummins Paul Bassat Robin Denholm Sam Kerr Matt de Boer Matthew Dellavedova

Series B $87.5m

Q-CTRL sets global quantum technology fund raising record

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.

@AuManufacturing 9 Oct 2024 Q-CTRL Alpha Edison Alumni Ventures DCVC GP Bullhound ICM Allectus Lockheed Martin Ventures Main Sequence Ventures NTT Finance Salesforce Ventures Salus Group TISI John Eales Prof Michael J Biercuk

Also Forbes Australia·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily

10 deals

Five Aussie startups that raised $58.5 million this week

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.

Also Startup Daily·SmartCompany

2 deals

Quantum sensing startup Q-CTRL raises another $27.4M

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

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