Venture capital fund · 4 deals

The Fund

Disclosed deals

Every published round The 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
Mary Technology	Unnamed stage	27 Sep 2024	$1.4m	Participant	Empress Capital Sam Nickless Sydney Angels Mark Kalajzich Martin Lam	Startup Daily, SmartCompany (7 Oct 2025), SmartCompany (27 Sep 2024)
Switchboard	Seed	May 2024	$1.5m	Participant	Ten13 Investible Skalata Ventures Archangel Ventures Afterwork Ventures Startmate Everywhere Ventures Afterwork	Ten13, SmartCompany, Startup Daily, thetimes.com.au, Afterwork Ventures portfolio, Ten13 portfolio
PropHero	Pre-seed	18 Feb 2022	$1.6m	Participant	Global Founders Capital Afterwork Ventures Jelix Ventures	Startup Daily (19 Feb 2025), Startup Daily (9 Mar 2023), Startup Daily (7 Oct 2022), Australian FinTech (6 Oct 2022), Startup Daily (18 Feb 2022), Australian FinTech (17 Feb 2022)
Trace	Unnamed stage	1 Feb 2022	$1.5m	Participant	Dragonfly Enviro Capital 5 Pillars Capital Antler Australia Epoch Capital Existential Capital Collis Ta’eed	Startup Daily (4 Mar 2022), Startup Daily (1 Mar 2022), Startup Daily (28 Feb 2022), Startup Daily (22 Feb 2022)

Portfolio

Companies The Fund has backed in a published round, and companies whose existing shares it bought off another holder.

Company	What it does	First invested	Rounds
Mary Technology	Legal tech startup whose Fact Management System converts unstructured litigation informat…	27 Sep 2024	1
PropHero	Real estate investment platform	18 Feb 2022, Pre-seed	1
Switchboard	Building the connective tissue of digital supply chain infrastructure, through a cloud-ba…	May 2024, Seed	1
Trace	AI-powered software for climate compliance and carbon reporting	1 Feb 2022	1

Funds

Fund closes reported for The Fund, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for The Fund yet.

Portfolio companies acquired

Companies The Fund has backed that another company then bought. An exit for the holding, not a deal The Fund did.

Company	Bought by	Kind	Announced	Price
No portfolio company of The Fund is recorded as having been acquired.

Coverage

Stories naming The Fund. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

7 deals

Six Aussie startups that raised $87.7 million this week

Roundup of six Australian funding rounds this week: InDebted, Evolt, Restoke.ai, Mary Technology, Matilda and Demtech.ai, with investors, amounts, InDebted's valuation and a secondary component for early backers and staff.

Also Australian FinTech·SmartCompany·Startup Daily·Australian FinTech·Fintech News Australia·Business News Australia

10 deals

Eight Aussie startups that raised $36 million this week

Weekly roundup detailing new funding for eight local startups: home lending, document verification, farm water monitoring, alcoholic drinks, freight software, leaf protein, artist content sales and organic bedding, totalling over $36 million.

Unnamed stage $1.5m

Small business carbon tracking software startup Trace raises $1.5 million

Carbon accounting platform for small businesses secures a seven-figure round from a broad backer group including a family office and angels, with founders ex-Finder and Macquarie, and an earlier pre-seed recalled.

Startup Daily 22 Feb 2022 Trace Envato Finder Macquarie Group 5 Pillars Capital Antler Australia Epoch Capital Existential Capital The Fund Collis Ta’eed Joanna Auburn Michael Humphreys

Also Startup Daily·Startup Daily·Startup Daily

Seed $1.6m

Proptech startup PropHero raises $1.6 million seed round

Australian property investment platform PropHero has raised a $1.6 million seed round led by GFC Global Founders Capital, with AfterWork Ventures, Jelix Ventures and The Fund participating, to improve data models and expand nationally.

Startup Daily 18 Feb 2022 PropHero Afterwork Ventures Global Founders Capital Jelix Ventures The Fund Melvin Hade Mickael Roger Pablo Gil Brusola

Also Australian FinTech·Startup Daily·Startup Daily·Startup Daily·Australian FinTech

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