Investor · 2 deals

Turnbull & Partners

Malcolm Turnbull's investment firm

Disclosed deals

Every published round Turnbull & Partners 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 Reinventure Group Main Sequence Ventures OIF Ventures StepStone Group Ten Eleven Ventures	Startup Daily (12 Dec 2025), SmartCompany, Startup Daily (11 Dec 2025), Main Sequence Ventures portfolio, OIF Ventures portfolio
Kasada	Series C	Dec 2021	$23m	Participant	StepStone Group Ten Eleven Ventures Main Sequence Ventures Reinventure Group Our Innovation Fund	Startup Daily, SmartCompany (12 Dec 2025), Our Innovation Fund, SmartCompany (10 Dec 2021)

Portfolio

Companies Turnbull & Partners has backed in a published round, and companies whose existing shares it bought off another holder.

Company	What it does	First invested	Rounds	Led
Kasada	AI company in a whitespace industry	Dec 2021, Series C	2	0

Funds

Fund closes reported for Turnbull & Partners, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Turnbull & Partners yet.

Portfolio companies acquired

Companies Turnbull & Partners has backed that another company then bought. An exit for the holding, not a deal Turnbull & Partners did.

Company	Bought by	Kind	Announced	Price
No portfolio company of Turnbull & Partners is recorded as having been acquired.

Name	Role	Sources
Malcolm Turnbull	Founder	SmartCompany, Startup Daily, ARN (ARNnet), Our Innovation Fund

Coverage

Stories naming Turnbull & Partners. 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

Series C US$110m

Dragos expands A/NZ investment with new hires

Industrial cyber security firm Dragos hires two executives for Australia and New Zealand, and the article recalls its US$110 million Series C backed by Turnbull & Partners.

ARN (ARNnet) 15 Sep 2022 Dragos Australian Government Nextgen Group Turnbull & Partners Ben Sullivan Christophe Culine Hayley Turner John Walters Malcolm Turnbull

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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