Venture capital fund · 1 deal
Every published round Mandalay VC 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 |
|---|---|---|---|---|---|---|
| Harvest B | Seed | 12 Sep 2025 | $5.6m | Lead | Startup Daily, SmartCompany, Breakthrough Victoria, Alberts portfolio, Investible portfolio, Mandalay Venture Partners portfolio |
Companies Mandalay VC has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Harvest B | Developing plant-based meat ingredient systems for food manufacturers | 12 Sep 2025, Seed | 1 | 1 |
Fund closes reported for Mandalay VC, as distinct from the investments it has made.
Companies Mandalay VC has backed that another company then bought. An exit for the holding, not a deal Mandalay VC did.
Stories naming Mandalay VC. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Breakthrough Victoria is putting $2 million into protein technology company Harvest B, joining a $5.6 million pre-Series A round with Mandalay VC leading and several other backers.
Breakthrough Victoria's update announces its Eagle Fund co-investment with La Trobe University, an $18 million pre-seed vehicle, and details $1 million backing each for agtech startup Yield X and diagnostics spin-out ExCelligent DX.