Family office · 2 deals

The Grantham Foundation

Disclosed deals

Every published round The Grantham Foundation 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
Allegro Energy	Series A	9 Sep 2024	$17.5m	Lead	Jeremy Grantham's foundation Origin Melt Ventures Impact Ventures Management Origin Energy	Startup Daily (26 Aug 2025), Startup Daily (8 Apr 2025), RenewEconomy (30 Mar 2025), RenewEconomy (25 Mar 2025), @AuManufacturing (25 Mar 2025), Startup Daily (13 Feb 2025), @AuManufacturing (13 Feb 2025), @AuManufacturing (9 Sep 2024), Melt Ventures portfolio
Renewable Metals	Accelerator	5 Oct 2023	$8m	Participant	Supercharge Australia EnergyLab Clean Energy Finance Corporation Investible Grantham Foundation for the Protection of the Environment Virescent Ventures	CEFC, RenewEconomy (21 Apr 2025), RenewEconomy (20 Mar 2024), SmartCompany (14 Mar 2024), RenewEconomy (6 Dec 2023), Startup Daily (30 Oct 2023), SmartCompany (6 Oct 2023), @AuManufacturing (5 Oct 2023), Startup News (WA), @AuManufacturing (31 Mar 2023), Startup Daily (2 Feb 2023)

Portfolio

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

Company	What it does	First invested	Rounds	Led
Allegro Energy	Recyclable, water-based battery chemistry	9 Sep 2024, Series A	1	1
Renewable Metals	Startup recycling lithium-ion batteries to recover critical minerals	5 Oct 2023, Accelerator	1	0

Funds

Funds The Grantham Foundation has money in

This is a stake in the fund itself, money that the fund's manager invests, not a stake in the fund manager.

Fund	Manager	Sources
Fund 3	Main Sequence Ventures	Startup Daily, SmartCompany, Main Sequence

Portfolio companies acquired

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

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

Coverage

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

6 deals

$2.5 million in Industry Growth Program grants awarded

Five companies including battery maker Allegro Energy share $2.51 million in the latest federal Industry Growth Program grants; Allegro receives $1.85 million for its redox flow battery technology.

@AuManufacturing 13 Feb 2025 Allegro Energy Azaneo CoilRig Innovation Industries Magic Valley Australian Government Industry Growth Program The Grantham Foundation Ed Husic Dr Thomas Nann

Also AgFunderNews·Startup Daily·@AuManufacturing·Startup Daily·@AuManufacturing

2 deals

Battery maker Allegro Energy closes $17.5 million funding round

Allegro Energy has completed a $17.5 million Series A round, with The Grantham Foundation at the helm and Origin Energy, Melt Ventures and Impact Ventures also in; Origin held a five per cent stake.

@AuManufacturing 9 Sep 2024 Allegro Energy Accelerating Commercialisation Impact Ventures Management Melt Ventures Origin Energy The Grantham Foundation Dr Thomas Nann

Also @AuManufacturing·Startup Daily·Startup Daily·Startup Daily·RenewEconomy·RenewEconomy·@AuManufacturing

3 deals

Main Sequence surpasses $1 billion funds under management for deep tech as it launches new Fund

Deep tech venture firm Main Sequence has reached an initial A$450 million close on its third fund, pushing money under management past A$1 billion; Hostplus, Temasek and CSIRO are among the backers.

Also SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·TechCrunch Australia·@AuManufacturing

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