Corporate / CVC · 1 deal
Every published round SQM Lithium Ventures 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 |
|---|---|---|---|---|---|---|
| Kite Magnetics | Seed | 19 May 2025 | $3.6m | Lead | Startup Daily, @AuManufacturing (26 May 2025), SmartCompany, @AuManufacturing (20 May 2025), Boson Ventures portfolio, Investible portfolio |
Companies SQM Lithium Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Kite Magnetics | Startup developing stator core motors for electric aviation | 19 May 2025, Seed | 1 | 1 |
Fund closes reported for SQM Lithium Ventures, as distinct from the investments it has made.
Companies SQM Lithium Ventures has backed that another company then bought. An exit for the holding, not a deal SQM Lithium Ventures did.
Stories naming SQM Lithium Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Melbourne EV materials company Kite Magnetics has been awarded an Australian government grant to commercialise its motor-core material, with a larger Series A raise planned but not secured.
Also Startup Daily
Breakthrough Victoria highlights portfolio achievements including Amber Electric's forty-five million dollar raise, Bygen and Diag-Nose grants, and Quantum Brilliance series A funding.
Also Breakthrough Victoria·Breakthrough Victoria·RenewEconomy·Startup Daily·RenewEconomy·Dealroom
Weekly roundup of seven Australian startup raises, led by Airwallex's Series F, plus EatClub, Kite Magnetics, Termina, Preve, Foremind and Liveheats.
Also Startup Daily
A lithium producer's venture arm is backing a Melbourne maker of electric-motor components with a $3.6 million investment, funding a manufacturing facility and staff as the company scales production of its magnetic material.
Electric motor maker Kite Magnetics has landed a seed backing from SQM Lithium Ventures as part of its Seed+ round, with plans to scale its Aeroperm motor material and grow globally.