Angel investor · Founder, Turnbull & Partners
Every published round Malcolm 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.
Companies Malcolm 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 |
|---|---|---|---|---|
| Advanced Navigation | Navigation technology company using AI, robotics and sensing for GPS-independent position… | Nov 2019, Series A | 3 | 0 |
| Fingerprint For Success | 3 Feb 2023, Seed | 1 | 0 | |
| HealthMatch | 2021, Series B | 1 | 0 | |
| Morse Micro | Hardware/Robotics/IoT company | 9 Sep 2022, Series B | 2 | 0 |
| Myriota | Apr 2020, Series B | 1 | 0 | |
| SunDrive | 13 Oct 2022, Series B | 1 | 0 |
Fund closes reported for Malcolm Turnbull, as distinct from the investments it has made.
Companies Malcolm Turnbull has backed that another company then bought. An exit for the holding, not a deal Malcolm Turnbull did.
| Role | Organisation | Sources |
|---|---|---|
| Advisor | Ten Eleven Ventures | SmartCompany (14 Apr 2023), SmartCompany (11 Apr 2023) |
| Advisor | GlassPoint | SmartCompany, RenewEconomy |
| Board Member (former) | Advanced Navigation | Forbes Australia (1 Jun 2026), SmartCompany, Defence Connect, Forbes Australia (27 Sep 2023), Our Innovation Fund (17 Nov 2022), Our Innovation Fund (19 Apr 2022) |
| Founder | Turnbull & Partners | SmartCompany, Startup Daily, ARN (ARNnet), Our Innovation Fund |
| Non-executive Chairman | Fortescue Future Industries | SmartCompany |
Stories naming Malcolm Turnbull. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Navigation technology firm Advanced Navigation has banked a $158 million Series C, with Airtree leading and Quadrant plus the NRFC taking part, funding global expansion and Australian manufacturing scale-up.
Also Dealroom·Tech Funding News - Australia·SmartCompany·Startup Daily·SmartCompany·Forbes Australia
Advanced Navigation has hired Michelle Toscan to lead its Asia-Pacific operations, tasking her with defence and government engagement as the navigation systems maker supplies primes including Rheinmetall and Boeing.
Funding roundup led by Airwallex's US$330 million Series G at a $12 billion valuation, with raises from Kasada, Hnry, All G, Bless Payments and Emanda, plus earlier rounds recalled.
Also Startup Daily
Bot defence firm Kasada has secured $30 million from EQT plus earlier backers Turnbull & Partners, Reinventure, Main Sequence, OIF, StepStone and Ten Eleven, with founder Sam Crowther back in Sydney.
Weekly roundup of eight raises totalling $572.12 million, led by Firmus's $500 million round; RAGE Biotech, SunDrive, Number 8 Bio, Fabra, Keeyu, MyGig and Drone-Hand also funded, plus two RAGE Biotech executive appointments.
Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Business News Australia
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.
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
Adelaide IoT satellite firm Myriota has raised $50 million, led by the National Reconstruction Fund’s $25 million contribution, with Main Sequence and Inter Valley Ventures also backing; an NRFC director has resigned.
A federal opposition senator attacks Labor's solar manufacturing program and SunDrive, which has cut staff and changed CEO while pursuing partnerships with AGL and Trina Solar to localise panel production.
A rolling roundup of Australian energy-sector job moves, listing dozens of executives, directors and ministers joining or leaving utilities, regulators, developers and industry bodies between May and December 2023.
Weekly roundup covering nine Australian startups' new capital totalling $40.5 million, across solar, quantum computing, marketing tech and crowdfunding, plus a look back at Aconex's $1.6 billion Oracle sale.
Also SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Wholesale Investor
Adelaide AI firm Fivecast has raised a $30 million Series A led by Ten Eleven, with Main Sequence and the South Australian Venture Capital Fund joining, to expand into overseas markets and grow headcount.
Fingerprint for Success, an AI coaching platform, has closed a $6.5 million second seed round led by Investible, with Canva's founders investing again; its lifetime funding now totals $9.2 million.
Fingerprint for Success, maker of AI coach Marlee, raised $5 million in an Investible-led seed round, lifting total funding to $9 million, with participation from Five V Capital, Salesforce Ventures and several high-profile angels.
Also SmartCompany
ARENA has awarded $2.78 million to a University of Sydney professor partnering with SunDrive on perovskite-silicon tandem solar cells. The piece also recalls SunDrive's $21 million Series B and names its backers.
BP's venture arm invested $20 million to complete solar company 5B's $55 million Series B, with existing backers adding more, supporting international expansion and a North American manufacturing hub.
Australian solar company 5B completed its $55 million Series B after bp ventures invested $20 million, joining AES and Artesian, with funds earmarked for global expansion and R&D.
Wi-Fi HaLow chip maker Morse Micro raised a further $30 million for its Series B from Australian superannuation funds, lifting the round to $170 million; its earlier seed and Series A raises are also recapped.
Also SmartCompany·Techboard·Startup Daily·SmartCompany·Startup Daily
US giant KKR joined navigation-technology maker Advanced Navigation's $108 million Series B, alongside returning local backers; the company also bought ANU spin-out Vai Photonics, and two KKR staff will join its board.
Also @AuManufacturing·SmartCompany·Startup Daily·Techboard·SmartCompany·Forbes Australia
Roundup of six Australian startups that together secured about $196 million this week, covering raises by Airwallex, SunDrive, T-Shirt Ventures, Iluminr, Foodini and Banksia Academy.
Solar cell maker SunDrive has raised a $21 million Series B led by Main Sequence Ventures, with CEFC, Grok and Blackbird investing, and first-time backers including Turnbull, Denholm and Adams.
Also RenewEconomy·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·RenewEconomy·RenewEconomy
MYOB has taken full ownership of Sydney HR and payroll fintech Flare, converting its existing stake into a takeover, giving exits to venture backers who had invested over $50 million across several prior rounds.
Industrial cyber security firm Dragos hires two executives for Australia and New Zealand, and the article recalls its US$110 million Series C backed by Turnbull & Partners.
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.
Also SmartCompany·Techboard
Ex-prime minister Malcolm Turnbull has taken an undisclosed equity stake in US solar steam firm GlassPoint and joined its advisory board, as the Blackrock-rescued company pursues a giant solar heat project in Saudi Arabia.
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.
Australian solar firm 5B completed a Series B round and is cutting staff while refocusing on its Maverick deployment technology amid supply chain pressures.
Advanced Navigation, with Malcolm Turnbull on its board, is seeking $80-135 million; the piece recalls its 2019 $20 million Series A and Minderoo's strategic investment.
Also @AuManufacturing·SmartCompany·SmartCompany·Forbes Australia
Bot-security firm Kasada, founded by Sam Crowther, raised $23m in a Series C led by StepStone, with OIF and Turnbull & Partners among existing backers; StepStone had recently acquired Greenspring Associates.
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.
OIF has upsized its second fund's target to $100m from $75m, with $50m committed at an August 2020 first close and $30m more banked by February 2021; $20m deployed across twelve startups so far.