Venture capital fund · 2 deals
Sydney, NSW
Every published round RFC Ambrian 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 |
|---|---|---|---|---|---|---|
| FPR Energy | Seed | 26 Nov 2024 | $15m | Lead | SmartCompany, RFC Ambrian Funds Manage portfolio, RenewEconomy, @AuManufacturing | |
| MRead | Seed | 2023 | - | Participant | Startup Daily (4 Jul 2025), Startup Daily (4 Apr 2023) |
Companies RFC Ambrian has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| FPR Energy | 26 Nov 2024, Seed | 1 | 1 | |
| MRead | Explosives detection startup whose handheld mine detector uses MR sensing to detect RDX | 2023, Seed | 1 | 0 |
Fund closes reported for RFC Ambrian, as distinct from the investments it has made.
Companies RFC Ambrian has backed that another company then bought. An exit for the holding, not a deal RFC Ambrian did.
| Name | Role | Sources |
|---|---|---|
| Charlie Cryer | Head of RFC Ambrian London | RFC Ambrian Funds Manage portfolio |
Stories naming RFC Ambrian. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of four Australian raises: MagnaTerra formed from a CSIRO merger, Mobile Tyre Shop backed by Sailun, Coinstash's Series A, and MogoPlus funded by New Model Venture Capital.
Also Startup Daily·Australian FinTech·Startup Daily·SmartCompany
Weekly funding roundup covering eight local companies that together banked $80m, topped by twin $17m Series Bs at Safewill and Fresho, plus Celosia's $16.75m Series A and five smaller rounds.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·LaunchVic
RFC Ambrian announces it has co-founded FPR Energy with CSIRO and Osaka Gas to commercialise high-temperature particle CST technology, with Osaka Gas joining the Australian startup as an investor.
Hadean Energy, a hydrogen electrolysis venture formed by RFC Ambrian with CSIRO, has won an Australia-UK government grant to develop a 5kW demonstration unit, working with EDF Energy and Certscape.
RFC Ambrian updates on portfolio company MRead, which it co-founded with CSIRO technology, reporting successful handheld explosives detector trials in Brisbane and upcoming field trials in Angola.
RFC Ambrian announces Hadean Energy, a venture formed with CSIRO to commercialise tubular solid oxide electrolysis for hydrogen production, with a completed funding round and trials planned at BlueScope's Port Kembla steelworks.
RFC Ambrian announces the formation of a funds management arm to run multi-strategy funds for institutional investors focused on critical minerals and decarbonisation technologies.
MRead, a landmine-detection venture launched by CSIRO and RFC Ambrian with Codan also investing, has raised a seed round of undisclosed size to advance its handheld explosive detectors.
Also Startup Daily
RFC Ambrian reports NextOre's magnetic resonance ore sorting system is fully commissioned at First Quantum's Kansanshi mine, now the world's highest capacity plant, and recalls portfolio company Chrysos Corporation's recent ASX listing.