Co-founder and CEO, Innovation Bay · angel in 1 deal
Every published round Phaedon Stough 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 |
|---|---|---|---|---|---|---|
| Dam Secure | Seed | Jan 2026 | $6.1m | Participant | Forbes Australia (29 Jan 2026), SmartCompany (23 Jan 2026), Startup Daily, Forbes Australia (21 Jan 2026), SmartCompany (21 Jan 2026) |
Companies Phaedon Stough has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Dam Secure | AI security startup tackling risks from AI-generated code reaching production. | Jan 2026, Seed | 1 | 0 |
Fund closes reported for Phaedon Stough, as distinct from the investments it has made.
Companies Phaedon Stough has backed that another company then bought. An exit for the holding, not a deal Phaedon Stough did.
Stories naming Phaedon Stough. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Enterprize Tasmania has appointed Brian Collins, deputy chair of FinTech Australia and co-founder of fintech fund Triple Bubble, as CEO, with the ten-year-old organisation seeking national and global reach for the state's startup ecosystem.
Roundup of four ANZ raises: a Queensland rocket company's nine-figure Series E, a New Zealand legal-AI firm's Series B, a seed round for AI code-security, and a Melbourne construction-software raise.
Roundup of four ANZ raises totalling over $307m: Gilmour Space's Series E, Ivo's Series B, Dam Secure's seed round and SPEC Toolbox's pre-Series A, plus a board appointment at Dam Secure.
AI code security startup Dam Secure has closed an oversubscribed $6.1 million seed round led by Paladin Capital Group, with several tech executives investing, to grow its Australian R&D team and build a US sales presence.
Also Startup Daily·Forbes Australia·SmartCompany·Forbes Australia
Innovation Bay hires Eleanor Salt as community manager and former Airtree community head Melissa Ran as investment ambassador for its Horizon angel network, Startup Daily reports.
Angel network Innovation Bay is expanding to Queensland in 2023, planning a Brisbane investor day and a Gold Coast VC retreat; EduVidd's founder credits an earlier pitch event with helping her raise $600,000.