Venture capital fund · 2 deals
Brisbane, QLD
Every published round Queensland Business Development Fund 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 |
|---|---|---|---|---|---|---|
| CartonCloud | Grant | 2017 | $1m | Lead | Startup Daily, techbusinessnews.com.au, Business News Australia | |
| SwarmFarm Robotics | Unnamed stage | 1Q 2021 | $4.5m | Participant | Cut Through Venture, Tenacious Ventures |
Companies Queensland Business Development Fund has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| CartonCloud | 2017, Grant | 1 | 1 | |
| SwarmFarm Robotics | Builds small, self-driving farm robots (SwarmBots) with the SwarmConnect platform to help… | 1Q 2021 | 1 | 0 |
Fund closes reported for Queensland Business Development Fund, as distinct from the investments it has made.
Companies Queensland Business Development Fund has backed that another company then bought. An exit for the holding, not a deal Queensland Business Development Fund did.
Stories naming Queensland Business Development Fund. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Gold Coast logistics software firm CartonCloud has banked $12 million from MA Financial to fuel its US and Canadian push, alongside recollections of a 2017 $1 million raise and a government grant.
Also Startup Daily·techbusinessnews.com.au·Startup Daily·SmartCompany·Startup Daily
Tenacious Ventures' investment memo on SwarmFarm Robotics, the agricultural robotics startup it co-backed with a A$4.5 million round, covering the SwarmBot platform, founders Andrew and Jocie Bate, and traction on Australian farms.
Also Cut Through Venture