Accelerator · 6 deals
Accelerator whose 2024 cohort included Bovotica
Orange, NSW
Every published round SparkLabs Cultiv8 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 |
|---|---|---|---|---|---|---|
| Levur | Pre-seed | 6 May 2025 | $1.2m | Participant | SmartCompany, Startup Daily, GrainCorp Ventures, Main Sequence Ventures portfolio | |
| Levur | Accelerator | 2024 | - | Lead | Startup Daily (6 May 2025), Startup Daily (23 Jan 2025), Startup Daily (21 May 2024) | |
| Bovotica | Accelerator | 2024 | - | Lead | Startup Daily (13 May 2025), Startup Daily (21 May 2024) | |
| Downforce Technologies | Accelerator | 2 Jun 2023 | - | Lead | Startup Daily | |
| Packamama | Accelerator | 2023 | - | Lead | Startup Daily (21 May 2024), Startup Daily (2 Jun 2023) | |
| ExoFlare | Accelerator | 2023 | - | Lead | Startup Daily (16 Jul 2024), Startup Daily (2 Jun 2023) |
Everyone SparkLabs Cultiv8 has named to a program in published coverage. A place in a program is not a raise: the cheque is the figure recorded with the place, which is the program's standard terms where we hold them, and a blank is one we don't.
Companies SparkLabs Cultiv8 has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Bovotica | QUT spinout developing pre- and probiotic feed supplements and oral drenches to reduce me… | 2024, Accelerator | 1 | 1 |
| Downforce Technologies | 2 Jun 2023, Accelerator | 1 | 1 | |
| ExoFlare | 2023, Accelerator | 1 | 1 | |
| Packamama | 2023, Accelerator | 1 | 1 | |
| Levur | Sydney startup using engineered yeast to produce oils as a palm oil alternative | 2024, Accelerator | 2 | 1 |
Fund closes reported for SparkLabs Cultiv8, as distinct from the investments it has made.
Companies SparkLabs Cultiv8 has backed that another company then bought. An exit for the holding, not a deal SparkLabs Cultiv8 did.
Stories naming SparkLabs Cultiv8. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
QUT spinout Bovotica has secured seed funding to commercialise probiotic feed supplements and drenches that cut cattle methane emissions; the agtech was also in SparkLabs Cultiv8's 2024 accelerator cohort.
Also SmartCompany
Sydney startup Levur has banked $1.2 million in a pre-seed round, with Main Sequence and GrainCorp Ventures leading, to brew palm oil alternatives; its KPMG prize win and 2024 accelerator stint are recalled.
Levur, a Sydney biotech making a yeast-based substitute for palm oil, has taken out KPMG's Nature Positive Prize, with four other Australian startups sharing the advisory prize pool.
ExoFlare, cofounded by ex-Data61 chief Adrian Turner, has banked $5.3 million in seed funding led by Salus Ventures to help food producers manage biosecurity risks.
Also SmartCompany
Nine startups join the latest intake of SparkLabs Cultiv8's Orange accelerator for sustainable food and agriculture technology; a past participant praises its ecosystem, and alumni have raised heavily.
Profile of Packamama, maker of flat recycled-PET wine bottles that trim freight emissions; the London-headquartered startup, with a Melbourne office, just finished SparkLabs Cultiv8's Orange accelerator and counts big Australian wine retailers as partners.
SparkLabs Cultiv8 has picked ten cleantech startups for the first intake of its new accelerator, run from Orange with backing from Cultiv8 Funds Management and several agricultural research bodies.
Startup Daily reports SparkLabs Cultiv8 is seeking ten agri-food tech startups for its NSW cleantech accelerator, a half-year program offering seed backing, mentoring, workspace and investor links; applications close 17 April.
Zetifi, a regional NSW farm connectivity startup, raised a $12m Series A led by Telstra and GrainCorp's ventures fund, with existing backers returning; it earlier won accelerator places, government grants and a Grow-NY prize.