Venture capital fund · 2 deals
Every published round TIRTA 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 |
|---|---|---|---|---|---|---|
| Leonardo.Ai | undisclosed | 6 Dec 2023 | $47m | Lead | SmartCompany (21 Apr 2026), SmartCompany (7 Oct 2025), SmartCompany (11 Jun 2025), SmartCompany (18 Dec 2024), SmartCompany (30 Jul 2024), Forbes Australia (30 Jul 2024), SmartCompany (10 Apr 2024), SmartCompany (15 Dec 2023), SmartCompany (8 Dec 2023), SmartCompany (8 Dec 2023), Forbes Australia (7 Dec 2023), SmartCompany (7 Dec 2023), ARN (ARNnet), Forbes Australia (7 Dec 2023), inaitoday.com, mediaweek.com.au, TechCrunch Australia | |
| Leonardo.Ai | Accelerator | 2023 | $35.8m | Participant | Startup Daily, SmartCompany, Business News Australia |
Companies TIRTA 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 |
|---|---|---|---|---|
| Leonardo.Ai | AI art production platform for consumers and enterprise users | 2023, Accelerator | 2 | 1 |
Fund closes reported for TIRTA Ventures, as distinct from the investments it has made.
Companies TIRTA Ventures has backed that another company then bought. An exit for the holding, not a deal TIRTA Ventures did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| Leonardo.Ai | Canva | Acquisition | 30 Jul 2024 | $300m+ |
| Leonardo.Ai | Canva | Acquisition | Jul 2024 | $120m+ |
| Name | Role | Sources |
|---|---|---|
| Ben Feder | Managing Partner | inaitoday.com, mediaweek.com.au |
Stories naming TIRTA Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Startup Daily reports Leonardo Ai's text-to-image tool was misused to create nonconsensual celebrity images, and recalls the Sydney company's $47 million raise backed by Blackbird, Side Stage Ventures and other investors.
Roundup of eight local raises totalling roughly $81.5 million: generative AI, sustainable packaging, VR medical training, optical radar, drinks, preventive health and wholesale retail software.
Also Ten13·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Forbes Australia
Sydney AI platform Leonardo.Ai has completed a Series A on top of its seed round, taking total backing past $47 million from Blackbird, Side Stage Ventures, Samsung Next, Smash Capital and TIRTA Ventures.
Leonardo.Ai, a Sydney-based AI art platform, has raised $31 million US from Blackbird, Samsung Next and other backers, money it will put toward its enterprise push and hiring.
Also mediaweek.com.au·inaitoday.com·Forbes Australia·ARN (ARNnet)·Forbes Australia·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Forbes Australia