Steve Baxter's defence tech VC firm Beaten Zone closes debut fund at $26 million
Steve Baxter's Brisbane defence-tech venture firm Beaten Zone has wrapped its first fund at $26 million, with Baxter the largest backer at $6 million of his own money.
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Steve Baxter's Brisbane defence-tech venture firm Beaten Zone has wrapped its first fund at $26 million, with Baxter the largest backer at $6 million of his own money.
Beaten Zone Venture Partners announces Fund 1 joined Activate Capital and UNSW in a seed round for Seitec, a Canberra defence startup whose seismic sensors find unexploded ordnance and hidden drones.
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BZV's post announcing it co-led Zendir's oversubscribed seed round with Investible, joined by Galileo Ventures, TEN13, Jelix Ventures and Innovation Bay, to fund overseas growth of the spacecraft digital-twin platform.
Steve Baxter's Brisbane defence-tech fund announces it now holds unconditional early-stage venture capital registration, giving investors tax breaks; it has put A$4.45m into four companies so far.
Brisbane defence-tech fund manager BZV says Fund I has drawn over A$10 million in commitments, meeting its ESVCLP condition, with A$60 million targeted and a final close expected inside 18 months.
Also Startup Daily