Startup · $10m raised
Melbourne, VIC
Every investor coverage indicates participated in a round Solbari raised.
| Investor | Rounds | Invested |
|---|---|---|
| Australian Business Growth Fund | Unnamed stage | $10,000,000 |
Companies Solbari 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 |
|---|---|---|
| Johanna Young | CEO · Founder | Startup Daily, SmartCompany |
Stories naming Solbari. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
The government-backed growth fund has doubled its largest first-investment size to $30m and may now take majority stakes; it also invested an undisclosed multimillion sum in defence manufacturer Griffin Industrial Group.
Week's funding roundup: Re-Leased raised US$12.5m for its property platform, Modra landed $15m from ABGF, and Safe Ag Systems drew $2.5m from AgFood Fund; Oltre took out the publisher's pitch contest.
The Australian Business Growth Fund puts $15 million into Modra, a Victorian maker of carpet manufacturing technology, for R&D and hiring; the fund's total outlays now reach $180 million from a $540 million pool.
Also SmartCompany
ABGF invests $10 million in Solbari, a Melbourne sun-protective apparel brand, marking the growth fund's second woman-led backing and funding wholesale and overseas expansion.
Also SmartCompany·SmartCompany
Growth fund ABGF has invested $10 million for a minority stake in Solbari, a Melbourne sun-protective clothing label, its tenth deployment and second backing of a female-founded company.