Angel investor

Lucy Turnbull

Disclosed deals

Every published round Lucy Turnbull 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
Morse Micro	Series C	Sep 2025	$88m	Participant	NRF Corporation Uniseed MegaChips Blackbird Ventures Main Sequence Ventures Hostplus NGS UniSuper National Reconstruction Fund Corporation Ray Stata Startmate Malcolm Turnbull	smallbizai.au, Startup Daily (23 Dec 2025), SmartCompany (23 Dec 2025), Forbes Australia (12 Nov 2025), Startup Daily (29 Oct 2025), Startup Daily (14 Oct 2025), Startup Daily (27 Sep 2025), SmartCompany (26 Sep 2025), Startup Daily (23 Sep 2025), Forbes Australia (23 Sep 2025), morsemicro.com, Forbes Australia (23 Sep 2025), semiiphub.com, SmartCompany (23 Sep 2025), builtinsydney.au, Blackbird Ventures portfolio, Main Sequence Ventures portfolio
Morse Micro	Series B	9 Sep 2022	$140m	Participant	MegaChips MegaChips Corporation Blackbird Ventures Main Sequence Ventures Clean Energy Finance Corporation Skip Capital Uniseed Lucy SpringCapital Malcolm Turnbull	Startup Daily (27 Sep 2025), SmartCompany (26 Sep 2025), Startup Daily (23 Sep 2025), SmartCompany (23 Sep 2025), Techboard, SmartCompany (15 Dec 2022), SmartCompany (1 Dec 2022), Startup Daily (28 Nov 2022), SmartCompany (6 Oct 2022), Startup Daily (3 Oct 2022), SmartCompany (9 Sep 2022), Startup Daily (7 Sep 2022), Startup Daily (7 Sep 2022)
HealthMatch	Series B	2021	$18m	Participant	Square Peg Capital Malcolm Turnbull Tempus Partners	SmartCompany, Startup Daily (12 Sep 2022), Startup Daily (29 Jun 2022)

Portfolio

Companies Lucy Turnbull has backed in a published round, and companies whose existing shares it bought off another holder.

Company	What it does	First invested	Rounds	Led
HealthMatch		2021, Series B	1	0
Morse Micro	Hardware/Robotics/IoT company	9 Sep 2022, Series B	2	0

Funds

Fund closes reported for Lucy Turnbull, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Lucy Turnbull yet.

Portfolio companies acquired

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

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

Role	Organisation	Sources
No role recorded yet. Lucy Turnbull has been mentioned, but not yet attached to an organisation. Know their role?

Coverage

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

3 deals

Morse Micro raises $88 million for long-range Wi-Fi chips

Sydney chipmaker Morse Micro has banked an $88 million Series C led by Japan's MegaChips, with the national reconstruction fund and several existing backers also participating; funds will drive growth and future chip development.

SmartCompany 23 Sep 2025 Morse Micro Broadcom Myriota Polyactiva Vault Cloud Blackbird Ventures Hostplus Main Sequence Ventures MegaChips National Reconstruction Fund Corporation NGS UniSuper Lucy Turnbull Malcolm Turnbull Andrew Terry David Gall Michael De Nil

Also Startup Daily·builtinsydney.au·semiiphub.com·Forbes Australia·morsemicro.com·Forbes Australia·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Forbes Australia·smallbizai.au

3 deals

Clinical trials startup HealthMatch lands $10 million Series C

Sydney clinical trials platform HealthMatch raised a $10 million Series C led by Folklore Ventures with Square Peg participating, after laying off half its staff in June; funds will support rehiring and US expansion.

Startup Daily 12 Sep 2022 HealthMatch AbbVie Boehringer Ingelheim Chris O'Brien Lifehouse Imugene Roche Tinder University of Sydney Folklore Ventures Square Peg Capital Alister Coleman Lucy Turnbull Malcolm Turnbull Manuri Gunawardena Paul Bassat

Also SmartCompany·Techboard

4 deals

Turnbull-backed medtech startup HealthMatch makes half its staff redundant

Clinical trials matching startup HealthMatch halves its team, shedding 18 jobs, 18 months after a Square Peg-led raise. The piece also recalls funding for Volt and Milkrun and reports the closures of Volt and Send.

Startup Daily 29 Jun 2022 HealthMatch Milkrun Volt Banxa Brighte Envato Send University of Sydney Voly Square Peg Capital Tempus Partners Tiger Global Lucy Turnbull Malcolm Turnbull Manuri Gunawardena Paul Bassat Steve Weston

Also Startup Daily·Startup Daily·SmartCompany

Funding announcement

Manuri Gunawardena is changing the future of medicine with HealthMatch

Profile of HealthMatch founder and chief executive Manuri Gunawardena, covering the patient-trial matching platform's investor backing and her win at Veuve Clicquot's Bold Future Award.

theceomagazine.com 13 Jul 2021 FloodMapp HealthMatch January Capital Neighbourlytics Square Peg Capital Jessica Christiansen-Franks Juliette Murphy Lucinda Hartley Lucy Turnbull Malcolm Turnbull Manuri Gunawardena

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