Government · 1 deal
Every published round Queensland Government's Business Investment 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 |
|---|---|---|---|---|---|---|
| Paypa Plane | Series A | 3 Apr 2023 | $10m | Participant | Startup Daily (26 Jul 2023), SmartCompany, Women's Agenda, Australian FinTech, Startup Daily (31 Mar 2023), Business News Australia, paypaplane.com, Sprint Ventures portfolio |
Companies Queensland Government's Business Investment 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 |
|---|---|---|---|---|
| Paypa Plane | 3 Apr 2023, Series A | 1 | 0 |
Fund closes reported for Queensland Government's Business Investment Fund, as distinct from the investments it has made.
Companies Queensland Government's Business Investment Fund has backed that another company then bought. An exit for the holding, not a deal Queensland Government's Business Investment Fund did.
Stories naming Queensland Government's Business Investment Fund. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Queensland superannuation fund Brighter Super has unveiled a startup investment mandate to be managed by QIC; the article also recalls QIC's earlier backing of Attekus, SwarmFarm Robotics, Go1, Gilmour Space Technologies and VALD.
Weekly roundup covering six startup raises: ImmVirX, Nutromics, Nuheara, Autism 360, Cogo and Gather, plus Nutromics' 30X30 selection, a board appointment and Viralytics' earlier sale to Merck.
Payment firm Paypa Plane says Mastercard, Cuscal, Sprint Ventures and Queensland's Business Investment Fund joined its $10 million Series A, with QIC managing the investment and Commonwealth Bank and Tyro already backing it.
Also Business News Australia·Startup Daily·Australian FinTech·SmartCompany·Startup Daily·Women's Agenda