REX: Ledger

Stories naming REX. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Company	Stage	Announced	Amount	Role	Alongside	Sources
Dovetail Electric Aviation	Unnamed stage	17 Apr 2023	-	Participant	Rex Airlines	Startup Daily, @AuManufacturing

Company	What it does	First invested	Rounds	Led
Dovetail Electric Aviation		17 Apr 2023	1	0

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for REX yet.

Company	Bought by	Kind	Announced	Price
No portfolio company of REX is recorded as having been acquired.

12 deals

🇦🇺 This Week in Australian Startups #180, 4th October 2026

Weekly roundup reporting Australian startup funding rounds and government grants, a venture fund close, agreed acquisitions, an IPO pricing, a collapse, plus executive hires and AI policy developments.

This Week in Australian Startups 4 Oct 2026 Avicena Systems Eastend Ventures FeBI Heidi Health iQ Sense Q Factorial QuantX Labs R2Crete Silicon Quantum Computing Skopos Bio Trendspek Adobe Advanced Navigation Airwallex Ampol Anthropic Atlassian AUDC Barrenjoey Baseten Big Picture Medical Blackbird Ventures Droneshield Evie Networks Firmus Technologies Fusion Venture Labs Goldman Sachs Harrison AI InDebted Lorikeet Megaport Meta Monoova Morgan Stanley Nearmap Nexl OFX OpenAI Orbit2Orbit Ord Minnett Paperbark Perennial Private Investments Planet Startup Potentia Capital PsiQuantum Queensland RBA REA Group Redbelly Network RedEarth Energy Storage Ltd REX Royal Commission into AI Scalare Partners Sicona Stanford Tank Stream Labs Tech Council Thoma Bravo Thorney Unilever University of Melbourne Watchful WeMoney Blockwall Digital Assets Fund Critical Technologies Challenge Program Funds SA Genesis Pre-Seed Fund OIF Ventures Shape Capital Tenmile Tin Alley Ventures Uniseed Yosemite Brendan Lee Chris Lehane Chris McNamara Christian Westerlind Wigstrom Christopher Manning David Janetzki Iain Ross Ian Wang Josh Foreman Josh Parsons Kate Pounder Matt Redden Philipp Thurner Sam Altman Trevor St Baker

Funding announcement

Virgin Australia's second takeoff: How Bain rebuilt an airline from collapse to $2.5 billion

Bain Capital's Mike Murphy recounts transforming Virgin Australia from its 2020 administration buyout to an ASX re-listing, detailing cost cuts, fleet reductions, Qatar Airways' stake and the firm's plans to sell down its holding.

Forbes Australia 26 Jun 2025 Bain Capital Bonza Qantas REX Virgin Australia Dave Emerson Jane Hrdlicka Mike Murphy

Funding announcement

Dovetail Electric Aviation to use Hyundai hydrogen fuel cell in testing

Dovetail Electric Aviation will integrate Hyundai's HTWO hydrogen fuel cell into ground testing ahead of planned flight trials, with regional airline Rex recalling its April purchase of a twenty per cent stake.

@AuManufacturing 21 Jun 2023 Dovetail Electric Aviation Hyundai MagniX REX

REX

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🇦🇺 This Week in Australian Startups #180, 4th October 2026

Virgin Australia's second takeoff: How Bain rebuilt an airline from collapse to $2.5 billion

Dovetail Electric Aviation to use Hyundai hydrogen fuel cell in testing