Government · 1 deal
Queensland government fund backing investment-ready projects for sovereign capability
Every published round Sovereign Industry Development Fund 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 |
|---|---|---|---|---|---|---|
| Arkeus | Series A | 4 Aug 2026 | $25m | Participant | Beaten Zone Venture Partners (20 Jul 2026), Dealroom, SmartCompany, Beaten Zone Venture Partners (15 May 2026), Forbes Australia, arkeus.com, Folklore Ventures, Beaten Zone Venture Partners portfolio, Folklore Ventures portfolio, Salus Ventures portfolio |
Companies Sovereign Industry Development Fund has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Arkeus | AI-powered sensing systems for autonomous platforms | 4 Aug 2026, Series A | 1 | 0 |
Fund closes reported for Sovereign Industry Development Fund, as distinct from the investments it has made.
Companies Sovereign Industry Development Fund has backed that another company then bought. An exit for the holding, not a deal Sovereign Industry Development Fund did.
Stories naming Sovereign Industry Development Fund. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Queensland's government has granted Aviation Australia $3 million from its Sovereign Industry Development Fund to build a Townsville training centre with simulation equipment for future defence aviation maintenance engineers.
Queensland's government will grant over $500,000 to Gold Coast armour maker Craig International Ballistics from its Sovereign Industry Development Fund, expanding hard armour plate output and creating 47 jobs by late 2027.
Queensland's government has committed $7.5 million from its Sovereign Industry Development Fund to Black Sky Aerospace for a defence testing and evaluation launch site near Thargomindah, expected operational by mid-2028.
Norship has received a $5.37 million grant from Queensland's Sovereign Industry Development Fund to enlarge its defence-certified Cairns shipyard, a project already under construction and due to finish in early 2028.