Corporate / CVC · 1 deal
Every published round Rex Airlines 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 |
|---|---|---|---|---|---|---|
| Dovetail Electric Aviation | Unnamed stage | 17 Apr 2023 | - | Participant | Startup Daily, @AuManufacturing |
Companies Rex Airlines has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Dovetail Electric Aviation | 17 Apr 2023 | 1 | 0 |
Fund closes reported for Rex Airlines, as distinct from the investments it has made.
Companies Rex Airlines has backed that another company then bought. An exit for the holding, not a deal Rex Airlines did.
| Name | Role | Sources |
|---|---|---|
| John Sharp | Deputy Chairman | @AuManufacturing |
Stories naming Rex Airlines. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Dovetail Electric Aviation will use Siemens' NX X design software to develop electric propulsion retrofits for small aircraft. The Melbourne-based company counts Rex, Invest Victoria, Aciturri and Air Nostrum among its backers.
Rex Airlines takes a 20 per cent stake and a board seat in Dovetail Electric Aviation, a Sydney startup retrofitting electric propulsion, which earlier won a $3 million government research grant.
Also Startup Daily