Startup · $36.9m raised
Investible portfolio company where Gega founders previously worked
Alexandria, NSW
Every investor coverage indicates participated in a round Novalith raised.
| Investor | Rounds | Invested |
|---|---|---|
| Federal Government | Grant | - |
| Lowercarbon Capital | Series A | - |
| NSW Government | Grant | - |
| the federal government | Grant | - |
Investors whose own portfolio pages list Novalith, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Investible | its portfolio page ↗ |
| Virescent Ventures | its portfolio page ↗ |
Companies Novalith acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Novalith. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Investible's note explains its pre-seed backing of Gega Elements, which extracts gallium and germanium from industrial waste, alongside Flying Fox Ventures and Salus Ventures via a co-investment program with TRaCE.
Also gegaelements.com
Weekly roundup of readers' five favourite stories: a precast factory opening for a Sydney tunnel, a grants panel, Circuitwise's agreed New Zealand acquisition, NSW clean-tech grants, and BlueScope's Whyalla bid position.
Climate Salad's 2024 Australian Climate Tech Awards honoured eight winners, with MGA Thermal taking the Impact Award; the piece recaps the thermal storage company's year, including ARENA grants and a pre-Series B top-up.
Seven organisations share federal grants under a carbon capture programme; named recipients include MCi Carbon, Novalith, Calix and KC8, whose award follows a $10 million raise backed by Woodside Energy and Cemex Ventures.
A quarterly Cut Through Venture survey reports Australian startups raised $810 million across 90 deals in Q2 2023, listing the largest rounds and noting improved investor sentiment despite a sluggish first half.
Also SmartCompany
Techboard's monthly roundup counts 40 Australian startup raises worth $498m in April 2023, headlined by Saluda Medical and Eucalyptus, plus smaller rounds and fund closes by Purpose Ventures and Proto Axiom.
A weekly roundup reporting seven Australian startups that together raised more than $66 million, including Novalith, Propeller, Cortical Labs, Waave, Restoplus, Empiraa and The Very Good Bra.
An A$23m Series A announced by lithium processor Novalith Technologies, a Virescent Ventures portfolio holding, will fund a plant extracting battery-grade lithium more cheaply, quickly and cleanly; the post links to the company's release.
SmartCompany reports two large Australian raises within a day: Novalith's $23 million Series A and Propeller's $22 million round, both well above earlier raises, against a slow first quarter for venture funding.
Cut Through Venture's November newsletter rounds up October 2021's record deal count for Australian startups, listing raises across climate, fintech, cybersecurity and legal tech, plus Startmate Demo Day graduates and active investors.
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