Investor · 3 deals

Ten Eleven Ventures

Disclosed deals

Every published round Ten Eleven 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
Kasada	Unnamed stage	10 Dec 2025	$30m	Participant	EQT Turnbull & Partners Reinventure Group Main Sequence Ventures OIF Ventures StepStone Group	Startup Daily (12 Dec 2025), SmartCompany, Startup Daily (11 Dec 2025), Main Sequence Ventures portfolio, OIF Ventures portfolio
Fivecast	Series A	11 Apr 2023	$29.8m	Lead	Main Sequence Ventures South Australian Venture Capital Fund	Forbes Australia, SmartCompany (14 Apr 2023), Startup Daily, SmartCompany (11 Apr 2023), Main Sequence Ventures portfolio, South Australian Venture Capital Fund portfolio
Kasada	Series C	Dec 2021	$23m	Participant	StepStone Group Main Sequence Ventures Reinventure Group Our Innovation Fund Turnbull & Partners	Startup Daily, SmartCompany (12 Dec 2025), Our Innovation Fund, SmartCompany (10 Dec 2021)

Portfolio

Companies Ten Eleven 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
Fivecast	Adelaide-based Security AI Software startup	11 Apr 2023, Series A	1	1
Kasada	AI company in a whitespace industry	Dec 2021, Series C	2	0

Funds

Fund closes reported for Ten Eleven Ventures, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Ten Eleven Ventures yet.

Portfolio companies acquired

Companies Ten Eleven Ventures has backed that another company then bought. An exit for the holding, not a deal Ten Eleven Ventures did.

Company	Bought by	Kind	Announced	Price
No portfolio company of Ten Eleven Ventures is recorded as having been acquired.

Name	Role	Sources
Malcolm Turnbull	Advisor	SmartCompany (14 Apr 2023), SmartCompany (11 Apr 2023)

Coverage

Stories naming Ten Eleven Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

13 deals

Six ANZ startups that raised $568.1 million this week

Funding roundup led by Airwallex's US$330 million Series G at a $12 billion valuation, with raises from Kasada, Hnry, All G, Bless Payments and Emanda, plus earlier rounds recalled.

Also Startup Daily

6 deals

Data-scraping bot blocker backed by Malcolm Turnbull pockets $30 million

Bot defence firm Kasada has secured $30 million from EQT plus earlier backers Turnbull & Partners, Reinventure, Main Sequence, OIF, StepStone and Ten Eleven, with founder Sam Crowther back in Sydney.

Startup Daily 11 Dec 2025 Kasada Crocs CSIRO FlyBuys Hyatt Hotels PointsBet REA Group Westpac EQT In-Q-Tel Main Sequence Ventures OIF Ventures Reinventure Group StepStone Group Ten Eleven Ventures Turnbull & Partners Malcolm Turnbull Sam Crowther

Also SmartCompany·Startup Daily

2 deals

Fivecast secures $30 million for its AI web monitoring aimed at national security

Adelaide AI firm Fivecast has raised a $30 million Series A led by Ten Eleven, with Main Sequence and the South Australian Venture Capital Fund joining, to expand into overseas markets and grow headcount.

SmartCompany 11 Apr 2023 Fivecast Main Sequence Ventures South Australian Venture Capital Fund Ten Eleven Ventures Dr Brenton Cooper Malcolm Turnbull

Also Startup Daily·SmartCompany·Forbes Australia

2 deals

Malcolm Turnbull helps Newcastle hacker bank $23m to fight NFT bots

Bot-security firm Kasada, founded by Sam Crowther, raised $23m in a Series C led by StepStone, with OIF and Turnbull & Partners among existing backers; StepStone had recently acquired Greenspring Associates.

Also SmartCompany·Startup Daily·SmartCompany·Startup Daily

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