Corporate / CVC · 4 deals
Every published round SLB 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 |
|---|---|---|---|---|---|---|
| RayGen Resources | Series D+ | 10 Apr 2025 | $127m | Lead | @AuManufacturing | |
| RayGen | Series D+ | Apr 2025 | $127m | Lead | Startup Daily (23 Dec 2025), SmartCompany, Forbes Australia, Startup Daily (10 Apr 2025), RenewEconomy | |
| RayGen Resources | Series D+ | 22 Apr 2024 | $51m | Lead | SmartCompany (26 Apr 2024), SmartCompany (22 Apr 2024), SmartCompany (22 Apr 2024), @AuManufacturing | |
| RayGen | Series D+ | Apr 2024 | $51m | Lead | RenewEconomy (10 Apr 2025), Startup Daily, RenewEconomy (22 Apr 2024) |
Companies SLB has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| RayGen | Builds large-scale solar and thermal storage infrastructure | Apr 2024, Series D+ | 2 | 2 |
| RayGen Resources | 22 Apr 2024, Series D+ | 2 | 2 |
Fund closes reported for SLB, as distinct from the investments it has made.
Companies SLB has backed that another company then bought. An exit for the holding, not a deal SLB did.
Stories naming SLB. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
RayGen Resources has closed a $127m Series D round led by SLB, with ARENA, AGL Energy and Photon Energy Group also taking part, to speed global rollout of its solar and thermal storage technology.
Solar storage firm RayGen has wrapped up a $127 million Series D a year after it began, with SLB leading and Breakthrough Victoria, ARENA and energy companies among the backers.
Also RenewEconomy·SmartCompany·Startup Daily·Forbes Australia
Roundup of the week's funding news: nine companies across Australia and New Zealand secured investment spanning clean energy, construction logistics, legal tech, coaching, research tools, creator media, medtech and marketing software.
Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·LaunchVic
RayGen has banked a $51 million Series D round backed by SLB and Breakthrough Victoria, and signed an expansion pact with SLB; ARENA previously granted it $10 million and $15 million.
Earth Day roundup of fifteen Australian climate and sustainability startups that have secured funding in 2024, from RayGen's $51 million Series D down to CarbonHQ's $600,000 pre-seed round.
Also SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily
RayGen has banked a $51 million Series D co-led by SLB and Breakthrough Victoria to scale its solar and thermal storage technology, alongside earlier backers AGL Energy, Equinor Ventures and ARENA.
Breakthrough Victoria announces putting $20 million into RayGen Resources, a Victorian solar and thermal energy storage maker, to support clean energy, local manufacturing and the company's growth alongside its existing backers.