Startup · $11m raised
Deep tech company formed by merging NextOre and MRead, developing MR sensing to detect minerals, explosives and narcotics
Every investor coverage indicates participated in a round MagnaTerra Technologies raised.
| Investor | Rounds | Invested |
|---|---|---|
| Codan | Unnamed stage | - |
| CSIRO | Unnamed stage | - |
| QCM Fund | Unnamed stage | - |
| RFC Ambrian Funds Manage | Unnamed stage | - |
| Shaw and Partners | Unnamed stage | - |
| Worley | Unnamed stage | - |
Every published round MagnaTerra Technologies 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.
Companies MagnaTerra Technologies has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for MagnaTerra Technologies, as distinct from the investments it has made.
Companies MagnaTerra Technologies has backed that another company then bought. An exit for the holding, not a deal MagnaTerra Technologies did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of MagnaTerra Technologies is recorded as having been acquired. | ||||
Companies MagnaTerra Technologies acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| NextOre | Merger | 4 Jul 2025 | - | Startup Daily, SmartCompany |
| MRead | Merger | 4 Jul 2025 | - | Startup Daily, SmartCompany |
| Name | Role | Sources |
|---|---|---|
| John Shanahan | CEO | Startup Daily |
| Nick Cutmore | Director | Startup Daily |
| Rob Adamson | Chair | Startup Daily, SmartCompany |
Stories naming MagnaTerra Technologies. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of four Australian raises: MagnaTerra formed from a CSIRO merger, Mobile Tyre Shop backed by Sailun, Coinstash's Series A, and MogoPlus funded by New Model Venture Capital.
Also Startup Daily·Australian FinTech·Startup Daily·SmartCompany