Startup · $40m raised
Legacy mining equipment manufacturer
Toowoomba, QLD
Every investor coverage indicates participated in a round Russell Mineral Equipment raised.
| Investor | Rounds | Invested |
|---|---|---|
| Resource Capital Funds | Unnamed stage | - |
| NRF Corporation | Unnamed stage | $40,000,000 |
| National Reconstruction Fund Corporation | Unnamed stage | $40,000,000 |
Companies Russell Mineral Equipment acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Dr John Russell | Executive Chairman and Chief Engineer · Founder | @AuManufacturing (22 Nov 2024), @AuManufacturing (24 Jul 2023) |
| Simon Thompson | General Manager of Engineering | @AuManufacturing |
Stories naming Russell Mineral Equipment. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Australia's NRFC has injected $150m into Brandon Capital's sixth life-science vehicle, lifting it to a $439m close; past NRFC cheques to local deep-tech firms are also recapped.
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Australia's National Reconstruction Fund Corporation has put $22.5 million into Vault Cloud's Series B, its first defence-priority investment, after recent year-end cheques to Myriota, Quantum Brilliance and Russell Mineral Equipment.
Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily
Myriota, an Adelaide nanosatellite company, has raised $50 million with $25 million from the National Reconstruction Fund Corporation; the piece also recaps the fund's recent backing of Quantum Brilliance and Russell Mineral Equipment.
Also Startup Daily·Business News Australia·@AuManufacturing·SmartCompany·SmartCompany·Startup Daily·myriota.com·lotfourteen.com.au·atomicmobile.com·Startup Daily·Space Connect·@AuManufacturing
Quantum Brilliance has locked in a $30 million Series A, with Breakthrough Victoria and the National Reconstruction Fund backing its plan to open the nation's first foundry making quantum diamond devices.
Also SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Tech Council of Australia
The National Reconstruction Fund has placed its first investment, $40 million, into Toowoomba mill relining maker Russell Mineral Equipment, within a wider $100 million co-investment partnership with Resource Capital Funds.
Also @AuManufacturing·@AuManufacturing·SmartCompany·SmartCompany·SmartCompany·Startup Daily
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Australian manufacturing roundup: IDT Australia's shareholder raise, EV charger rollouts, a mining equipment hire, a plastics recycling plant completion, research collaborations and government funding moves.