Investor · 4 deals
Every published round NRMA 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 |
|---|---|---|---|---|---|---|
| Amber Electric | Grant | 1 Jun 2026 | $13.6m | Participant | Startup Daily (1 Jun 2026), ARENA, Dealroom, Startup Daily (28 Jan 2025), Startup Daily (1 Feb 2024) | |
| Amber Electric | Series C | 12 Feb 2024 | $29m | Participant | Startup Daily (28 Jan 2025), Alberts Impact Ventures, SmartCompany (22 Apr 2024), Breakthrough Victoria, Early VC, SmartCompany (2 Feb 2024), Startup Daily (1 Feb 2024), SmartCompany (1 Feb 2024), Main Sequence Ventures portfolio | |
| Amber Electric | Series B | 28 Nov 2022 | $13.5m | Participant | Startup Daily, Techboard, RenewEconomy | |
| Amber | Series B | 24 Oct 2022 | $13.4m | Participant | SmartCompany (6 Jun 2025), Alberts Impact Ventures portfolio, RenewEconomy, SmartCompany (27 Oct 2022), Startup Daily |
Companies NRMA has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Amber | 24 Oct 2022, Series B | 1 | 0 | |
| Amber Electric | Energy retailer offering flexible, market-driven household energy plans | 28 Nov 2022, Series B | 3 | 0 |
This is a stake in the fund itself, money that the fund's manager invests, not a stake in the fund manager.
| Fund | Manager | Sources |
|---|---|---|
| Mandalay Fund I | Mandalay Venture Partners | @AuManufacturing, Startup Daily |
Companies NRMA has backed that another company then bought. An exit for the holding, not a deal NRMA did.
| Name | Role | Sources |
|---|---|---|
| Ainsley Lee | General Manager of Investments | RenewEconomy, Startup Daily (24 Oct 2022), Startup Daily (20 Jun 2022) |
| Carly Irving-Dolan | Energy and Infrastructure Chief | SmartCompany |
| Rohan Lund | Chief Executive (former) | Sandon Capital (4 May 2026), Sandon Capital (1 May 2026), Startup Daily |
Stories naming NRMA. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Sandon Capital seeks a vote to oust Southern Cross Media's chairman and two directors after opposing its Seven West merger; the piece also recalls that merger, a stake sale and a CEO change.
Also Sandon Capital
Alternative parcel delivery firm Sendle stopped taking bookings five months after merging into US parent Fast Group, whose financial troubles led investor Federation Asset Management to suspend fund withdrawals and inject emergency capital.
Also SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany
NRMA Insurance has started giving $100,000 apiece to five climate startups through its new Help Fund, a program created with Climate Salad, with $1 million committed for the first year.
Energy retailer Amber has raised $45 million in a round led by ETF Partners to grow its home-battery and EV automation business overseas, having bought charging app Charge HQ earlier this year.
Also Startup Daily·SmartCompany·SmartCompany·Business News Australia
Amber Electric has bought EV charging app Charge HQ for an undisclosed price; the piece recalls the retailer's Series A, B and C raises from Gentrack, NRMA, Commonwealth Bank, Main Sequence and Square Peg.
Breakthrough Victoria reports a $4.5 million investment in Amber Electric's $29 million Series C, led by GenTrack with Rubio Impact Ventures, funding jobs and product expansion.
Also Alberts Impact Ventures portfolio·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Early VC
Roundup of five Australian startups that secured new capital this week: Amber Electric's $29m Series C, ProcurePro's $6.15m, Yume's $2m seed, Alt.Leather's $1.1m seed, plus an undisclosed Tenacious Ventures investment in Nbryo.
The energy startup has banked a $29m Series C round with Gentrack leading at a near-$120m valuation, funding local growth and overseas licensing of its battery and EV automation tech.
Amber has acquired energy monitoring app Powerpal for $9.5 million. The article also recalls Amber's $13.4 million raise in October, which included NRMA among its investors.
Energy retailer Amber Electric added NRMA as a new backer in a $13.4 million Series B extension led by existing investors, with proceeds earmarked for developing its SmartShift battery and EV charging automation technology.
Also Techboard·Startup Daily
Australia's motoring clubs, via Australian Motoring Services and led by the NRMA, have taken full ownership of EV charging network Chargefox in a deal reportedly worth nearly $30 million, valuing the business at $56 million.
Mandalay Venture Partners' sustainability-focused agrifood tech fund has secured over $21 million in commitments toward a $50 million target, with NRMA as cornerstone investor plus personal commitments from Phillip St Baker and Angus Cameron.
IAG's venture arm Firemark Ventures has committed a $75 million second fund, already deployed into Texas 3D imaging startup Plnar; earlier backing included UpGuard, Myriota, Hyper Anna, Airtasker and Life360.
Also Startup Daily