CEO and CoâFounder, Xefco
Stories naming Tom Hussey. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Xefco, held by Breakthrough Victoria, has secured a $4,999,122 federal Industry Growth Program grant as it sends its first production-scale waterless plasma dyeing unit to Indonesia, with twelve systems already committed by customers.
Breakthrough Victoria showcases nine climate-focused portfolio companies across clean energy and agrifood, describing each technology and its contribution to the energy transition and circular economy.
Breakthrough Victoria highlights recent achievements of portfolio companies including funding, awards, and expansions for firms like Liquid Instruments, Quantum Brilliance, and Samsara Eco.
Weekly roundup of seven trans-Tasman raises totalling $27.4 million, headlined by Xefco's $10.5 million round, plus Hometime board appointments and Matrak's China expansion.
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Sydney-based textile dyeing startup Xefco has raised a $10.5 million seed extension led by Main Sequence Ventures, including $2.5 million from Breakthrough Victoria, funding expansion of its water-free dyeing technology into Victoria.
Breakthrough Victoria is putting $2.5 million into Xefco, an Australian startup whose plasma coating enables water-free fabric dyeing, alongside Main Sequence, Virescent, Investible and Voyagers in a seed round.
Also Main Sequence Ventures portfolio·Virescent Ventures portfolio·SmartCompany·Startup Daily·@AuManufacturing·SmartCompany·SmartCompany·@AuManufacturing
Breakthrough Victoria announces a $2.5 million Series A investment in Xefco, a Victorian startup whose Ausora technology dyes and finishes textiles without water, helping it scale manufacturing and create local jobs.