Investor · 1 deal
Every published round RACQ 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 |
|---|---|---|---|---|---|---|
| Honey Insurance | Seed | 2021 | $15.5m | Participant | Forbes Australia, SmartCompany |
Companies RACQ has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Honey Insurance | Insurance company | 2021, Seed | 1 | 0 |
Fund closes reported for RACQ, as distinct from the investments it has made.
Companies RACQ has backed that another company then bought. An exit for the holding, not a deal RACQ did.
Stories naming RACQ. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Evie's own announcement says the EV charging firm has closed a 50 million dollar debt facility, which it bills as an Australian first, and reflects on shifting from venture to infrastructure funding.
StB Capital Partners' blog announces a tie-up between Evie Networks and RACQ giving members discounted EV charging, with the partners expecting Queensland bay numbers to rise 28% by May 2025.
Australian insurtech momentum examined: Honey Insurance's Series A and Cover Genius's raise led Q2 2024 funding, while an Airtree partner argues incumbents have left insurance open to technology-driven challengers.
Also SmartCompany
Home insurer Honey Insurance has raised a $108 million Series A led by US firm Gallatin Point Capital, following a seed round backed by RACQ, AGL, Metricon, Mirvac and PEXA.
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.