Participated · Series B · Nov 2024

Conflux Technology designs and manufactures high-performance heat exchangers using metal additive manufacturing, printing complex, single-part units that are lighter, smaller and more material- and energy-efficient. The company’s core product aims to overcome conventional heat-exchange limitations and help customers reach net-zero goals across sectors such as motorsports, high-powered industrial machines, hydrogen, e-mobility and defense. Conflux is developing Conflux Production Systems (CPS), an end-to-end automated manufacturing solution to replace traditional heat exchanger plants and scale production of complex AM structures. The company plans to use the new funding to accelerate CPS development, scale hiring, and expand customer support across the US, Europe and Asia. Conflux is partnering with Odys Aviation to develop a heat recuperator turbogenerator for integration into Odys’ Laila regional VTOL aircraft, targeting >40% fuel consumption reduction and enabling a 450-mile range with payloads up to 130 pounds. The company says it is addressing a $6 billion segment of the global heat exchanger market and intends to productize both designs and manufacturing processes so customers can produce Conflux heat exchangers locally. Conflux Technology designs and manufactures optimized metal heat exchangers using metal additive manufacturing combined with computational heat‑transfer simulation. Founded in 2017 by Michael Fuller, the company pairs FEA and CFD simulation with processing expertise and offers engineering services from initial design through post‑processing. Its customers span automotive, defense, aerospace and oil & gas, and it emphasizes complex monolithic geometries that improve performance, cost and lead time versus conventional devices. The firm has adopted ANSTO’s Synchrotron particle accelerator for sub‑macroscopic inspection and developed 'Conflux Quantify' software to analyze wall thickness, surface roughness and detect structural weaknesses earlier. With AUD 8.5 million raised in a Series A, Conflux says it will accelerate its transformation from R&D into full production, roll out long‑held plans, increase metal AM machine capacity and invest in series‑production platforms. Management also plans to grow the team and further vertically integrate final post‑processing to scale manufacturing.

Led · Series B · Aug 2024

Rich Data provides AI decisioning technologies and solutions for business and commercial lenders. It harnesses machine learning blended with human expertise to deliver insights that bring transparency, compliance, and accountability to lending decisions. Led by CEO Ada Guan and based in Sydney, the company says its offerings drive growth and foster opportunities in financial portfolios. The company recently raised an additional $9M as part of its Series B, bringing total Series B funding to $37M. Rich Data intends to use the funds to accelerate expansion into North America and to consolidate its position as a leading AI decisioning platform provider in the global banking sector. The financing will also support ongoing innovation efforts to provide advanced AI solutions to financial institutions. Rich Data (RDC) provides an AI decisioning platform that gives lenders insight into borrower behaviour and predicts future business performance. Its system enables lenders to more accurately assess credit risk and support Business and SME lending decisions. To date RDC has served major banks in Australia and New Zealand, notably Westpac’s Australian business lending operations. Led by CEO Ada Guan and based in Sydney, the company raised $17.5M in a Series B. The round was led by Westpac and nCino, with a reinvestment from BMYG and a new Singapore-based investor, Octava Fund. RDC intends to use the proceeds to accelerate expansion into North America and to grow its position as an AI decisioning platform in the global banking sector.

Participated · Equity · Jun 2024

Liquid Instruments develops software-defined test and measurement instrumentation that combines high-performance hardware with intelligent software to enable reconfigurable, customizable measurement solutions. Its platform consolidates multiple traditional instruments into a single system that users can configure and deploy, shortening development timelines from months to minutes according to the company. The company serves thousands of users worldwide, including top technology companies, research institutes, quantum startups, and defense primes. Liquid Instruments announced a $50 million Series C to accelerate product development, scale its AI-powered platform, and expand sales in aerospace, defense, and semiconductor markets. As part of the Series C, Keysight Technologies will also enter a commercial arrangement with Liquid Instruments to jointly advance AI-driven instrumentation. The announcement did not disclose a valuation or detailed prior funding history.

Led · Equity · May 2024

Genero operates a marketing-technology platform that connects marketers with a global network of more than 130,000 independent creative businesses and freelance talent to source ideas and produce advertising content. The platform enables brands to build in‑house creative and production capability at scale, providing on‑demand access to specialist creative suppliers worldwide and partnering with major platforms such as Meta, Google, TikTok, Pinterest and Amazon. Genero serves clients including L’Oréal, Hilton, Procter & Gamble, the BBC, Kellogg’s and major record labels, and reports North America and EMEA now make up over 65% of company revenue. Founded in 2009 and headquartered in Melbourne, the company has expanded across North America, Latin America, EMEA, Asia and Australia with offices in London, New York, San Francisco, São Paulo, Singapore and Sydney. Recent senior hires and leadership additions (including Chris Dodson, Chloe Lane and Jess Lake) indicate a focus on commercial growth and client solutions. Genero plans to use the new capital to accelerate global growth and continue developing its technology to further streamline the creative process for marketers and independent creatives.

Participated · Series B · Jul 2022

mx51 offers a bank-grade payments-as-a-service platform that enables banks and non-bank acquirers to deliver modern multi-channel payments and value-added solutions to merchants. The product serves two distinct markets: for banks and acquirers it provides a futureproofed payments solution that leverages existing legacy infrastructure, and for merchants it delivers embedded online and in-store payments plus a merchant dashboard with self-service features. The platform is regularly updated with new capabilities and aims to provide fraud prevention and data-driven customer insights. Since its $25 million Series A last year, mx51 has doubled global headcount to over 100 and is on track to more than double revenues this calendar year. The company plans an aggressive rollout over the next few years, beginning in Australia and then expanding internationally, and will use new capital to enhance core in-store, online and dashboard solutions and develop further capabilities.