Investor · 20 deals
Every published round Queensland Investment Corporation 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.
Everyone Queensland Investment Corporation has named to a program in published coverage. A place in a program is not a raise: the cheque is the figure recorded with the place, which is the program's standard terms where we hold them, and a blank is one we don't.
Companies Queensland Investment Corporation has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| VALD | Nov 2022 | 1 | 1 | |
| Salus Ventures | 14 Feb 2024, Accelerator | 1 | 1 | |
| Paypa Plane | 3 Apr 2023, Series A | 1 | 1 | |
| One Model | Aug 2023, Series B | 1 | 0 | |
| Nbryo | Queensland agtech startup focused on advanced reproductive technologies | Nov 2025, Seed | 2 | 0 |
| Mandalay Venture Partners | 14 Feb 2024, Accelerator | 1 | 1 | |
| Main Sequence Ventures | 14 Feb 2024, Accelerator | 1 | 1 | |
| Hypersonix Launch Systems | 28 Oct 2025, Series A | 1 | 0 | |
| Hypersonix | 2025, Series A | 1 | 0 | |
| Gilmour Space | Queensland rocket builder and launchpad scaleup | 4 Mar 2024, Series D+ | 1 | 1 |
| Gelomics | Fast-tracks biomedical R&D by enabling scientists to grow 3D cell cultures that model hum… | Jul 2024, Seed | 1 | 0 |
| Future Maintenance Technologies | Robotics and AI startup for rail and aviation maintenance inspection | Mar 2026 | 2 | 0 |
| Five V Capital | 14 Feb 2024, Accelerator | 1 | 1 | |
| FairSupply | Climate tech company | 22 Dec 2022, Series A | 1 | 0 |
| Fair Supply | 15 Dec 2022, Series A | 1 | 0 | |
| Earthodic | Startup developing lignin-coating technology for packaging | 31 Oct 2024, Seed | 1 | 0 |
| Cartelux | Automated digital advertising platform for global brands with localised retail networks | 28 Jul 2023, Series A | 1 | 0 |
| Antler Australia | Global early-stage VC investing in founders from first check to IPO | 14 Feb 2024, Accelerator | 1 | 1 |
Investors that coverage says has money in a fund Queensland Investment Corporation runs. This is a stake in the fund, not in any company the fund has backed.
| Investor | Fund | Sources |
|---|---|---|
| Queensland Government | Business Investment Fund | dataweavers.com, @AuManufacturing |
| Queensland Government | Queensland Venture Capital Development Fund | Startup Daily (30 Sep 2025), @AuManufacturing, Startup Daily (14 Feb 2024) |
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 |
|---|---|---|
| - | Pollination Group | RenewEconomy, SmartCompany |
| Fund II | Virescent Ventures | Virescent Ventures, RenewEconomy, Startup Daily |
Companies Queensland Investment Corporation has backed that another company then bought. An exit for the holding, not a deal Queensland Investment Corporation did.
| Name | Role | Sources |
|---|---|---|
| Crystal Russell | Head of APAC Private Equity | Startup Daily |
| Leo Channon | Private Equity Investment Director | Startup Daily (11 Jun 2024), Startup Daily (4 Jun 2024) |
| Lottie Bryon | Investment Director | Virescent Ventures, RenewEconomy, Startup Daily |
| Lottie Tant | Investment Director | Startup Daily, RenewEconomy, SmartCompany |
| Nicholas Guest | Partner (former) | Startup Daily (15 Feb 2024), Startup Daily (14 Feb 2024), SmartCompany |
| Patrick Christiansen | Private Equity Investment Director (former) | Startup Daily (5 Aug 2026), Startup Daily (5 Jul 2024), Startup Daily (19 Feb 2024), SmartCompany, @AuManufacturing |
Stories naming Queensland Investment Corporation. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Queensland's agriculture minister toured Nbryo's Brisbane lab, with a state-backed fund committing $2 million to the cattle-genetics company; the page also recalls earlier $10 million and $8 million closes.
Queensland's government has put $2 million into Nbryo, a Brisbane cattle-breeding technology startup, the first investment from its new $30 million farm innovation fund, which QIC manages.
Also Dealroom·Startup Daily
Weekly roundup detailing eight trans-Tasman raises totalling A$373.3 million, headlined by Halter's Series E, spanning quantum computing, biomanufacturing, robotics, adtech and agtech, plus a recalled $2 billion founder exit.
Also Startup Daily
Australia's green bank CEFC has committed $70 million to QIC's Fund 2, a global infrastructure vehicle holding assets such as Tilt Renewables and Hobart Airport, targeting decarbonisation of high-emitting sectors.
Roundup of eight funding deals: Synchron's Series D, plus raises by Lumonus AI, Hullbot, Nbryo, Cytophenix, Giftbee, Understanding Zoe and Zeligate, spanning medtech, robotics, agtech and AI.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily
Cattle genetics startup Nbryo has landed $10 million co-led by Tenacious Ventures and AgriZeroNZ, plus an $18 million research grant, to commercialise its embryo technology.
Also Beef Central / Grain Central·SmartCompany·Startup Daily·nbryo.com·nbryo.com
Queensland cattle-breeding biotech Nbryo has secured $10m in seed backing co-led by Tenacious Ventures and AgriZeroNZ, alongside an $18m research grant from the Gates Foundation and Meat and Livestock Australia.
Also SmartCompany·Beef Central / Grain Central·AgFunderNews·SmartCompany·Startup Daily·nbryo.com
Nbryo closed a A$10 million round co-led by Tenacious Ventures with AgriZeroNZ, QIC, the Murdoch family and Mandalay, and has drawn over $18 million in grants from Gates Foundation and Meat and Livestock Australia.
Weekly funding roundup covering eight raises totalling over $113 million across aerospace, biotech, materials, health and software, plus a pharmacy firm's acquisition out of administration.
Weekly roundup of eight trans-Tasman startup raises worth a combined $113 million-plus, alongside Joe Zhou's buyout of StrongRoom AI from administrators.
Queensland's critical minerals fund, run by QIC, has provided aluminium chemicals maker Alpha HPA with $30 million under royalty deed agreements, funding its Gladstone expansion project.
Brisbane hypersonic aircraft developer Hypersonix Launch Systems has raised a $46 million Series A led by High Tor Capital with Saab, RKKVC, QIC and federal backing, valuing it at $141 million.
Hypersonix, a Queensland company developing hypersonic planes that run on hydrogen, has secured a Series A backed by a UK fund, government investors and Saab.
Also SmartCompany·Dealroom
Equity raise of $2.3m by Advanced, a Sunshine Coast R&D finance startup building a $25m lending fund; backers include Wayne Gerard and Phil Cummins, who joins the board.
Virescent Ventures says QIC has joined Westpac and the CEFC backing its second climate tech fund, with new commitments lifting the initial close to roughly $125 million toward a $200 million goal.
Round-up reporting Neara's $45 million Series C, Alimetry's US$18 million Series A2, Earthodic's US$4 million seed, and Antler's latest residency intake of startups each receiving $225,000 for 12% stakes.
Also Startup Daily
Brisbane maker of recyclable water-resistant paper coatings has closed an oversubscribed seed round led by FTW Ventures to lift production and enter the US market, with its 2023 pre-seed backers returning.
Also AgFunderNews·SmartCompany
Grain-grading AI startup Cropify has landed $2 million, anchored by Brisbane agrifood VC Mandalay Venture Partners with Singapore's Hatcher+ — their first joint deal — while Mandalay's own fund has drawn roughly $27 million in commitments.
Brisbane biotech Gelomics has raised a pre-seed round to advance its animal-free tissue testing technology, with Jelix Ventures leading and QIC's Enterprise Acceleration Fund and Angelloop participating.
Breakthrough Victoria invests $3 million in Millibeam, a Sydney maker of 5G chipsets expanding in Melbourne, alongside existing backers Main Sequence and Archangel; the piece recalls a 2022 seed round and a federal grant.
Also Defence Connect
Queensland's investment arm is backing Melbourne's sports technology network to run accelerator programs for as many as 40 local sportstech startups, after its venture development fund recently committed to several venture funds.
Sprint Ventures announces a binding term sheet making QVCDF a cornerstone backer of its upcoming third fund, and flags plans to invest across healthcare, climate tech and AI, plus a July event.
Investment firm Pollination has launched a $150m vehicle backing climate and nature start-ups, anchored by a cornerstone commitment from Queensland Investment Corporation, with first investments expected from late 2024.
Pollination has rolled out a $150 million fund for environmentally focused startups, anchored by Queensland Investment Corporation, and will begin picking companies late in 2024 across five sectors.
Newsletter roundup covering Australian raises by Gilmour Space, BlockTexx, FirstWave and Bandicoot, acquisitions of Alumina, Cyanco, Quality Air Equipment and Amentco, plus takeover interest in CSR and Prospa.
Weekly roundup of readers' top five stories: Gilmour Space's $55m Series D raise, a $50m MRFF grant for an artificial heart consortium, K-TIG entering administration, defence budget news, and Queensland's return to venture investing.
Queensland's government has set up a venture capital fund managed by QIC and has put in $133 million, partnering with five VC firms so local startups can draw on matched funding.
Rocket developer Gilmour Space has banked a $55 million Series D led by QIC for its first orbital launch, with Blackbird, Main Sequence, HostPlus and HESTA also taking part.
Also Startup Daily·@AuManufacturing·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·@AuManufacturing·@AuManufacturing·Forbes Australia·@AuManufacturing·Defence Connect
Queensland's QVCDF, managed by QIC, will fund five accelerator programs to ready over 160 local startups for venture capital investment across two years.
Queensland's government is committing $130 million across five venture firms — Antler, Five V Capital, Main Sequence, Mandalay and Salus — via a new fund to widen early-stage funding for local startups.
Queensland's government has committed another $55 million to its VC fund, lifting its total outlay to $130 million; five firms including Antler and Main Sequence are set to benefit.
Salus Ventures' first fund has closed oversubscribed past its $40 million goal, with Queensland Investment Corporation's venture fund as cornerstone backer, targeting early-stage defence and dual-use technology.
A year-end SmartCompany roundup counting down 2023's ten largest Australian startup raises, headed by Employment Hero's $263m Series F, with investor details and commentary on fewer mega-rounds and continued under-representation of women co-founders.
Dataweavers announced a $5.5 million Series A led by Five V Capital with QIC and existing backer OIF, funding US expansion, a near-doubling of headcount and more than 20 new Brisbane jobs.
Weekly roundup of eight Australian startups together securing $149 million: One Model, SafetyCulture, Hysata, Pendula, Marqo, Medigrowth, Curiious and Zena Sport, spanning HR analytics, safety tech, hydrogen, AI, medicinal cannabis, VR and sportstech.
Also Startup Daily·thebusinesstimes.com.au·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Forbes Australia
FairSupply has closed its Series A funding round led by AirTree Ventures, with Tidal Ventures, Minderoo Foundation and Queensland Investment Corporation participating; the amount was undisclosed and K&L Gates advised on the deal.
Queensland's new Enterprise Acceleration Fund makes its debut investment, backing Gold Coast equity-platform startup Cake Equity's SAFE note round alongside Rampersand and Launch VC, with hiring plans flagged.
Law firm Lander & Rogers advised AirTree Ventures on FairSupply's AUD6.3 million Series A, with Tidal Ventures, Minderoo Foundation and QIC participating; the firm also recalls recent raises by QuintessenceLabs and Logmaster.
Sydney ESG supply-chain analytics firm FairSupply has raised a $6.3 million Series A led by AirTree, with Tidal Ventures, Minderoo Foundation and QIC investing, following Minderoo's earlier 2021 backing.
Weekly roundup reporting nine Australian startups that together secured roughly $104 million across sports tech, semiconductors, regtech, legal automation, SaaS, edtech, agtech and biotech, with Vald's $36 million the largest.
Also Techboard