Participated · Series A · Feb 2026

Founded in 2021 by brothers Paul and Michael Lutkajtis, Factory provides a cloud-based platform that manages manufacturing workflows from initial quote through purchasing and delivery. Its customizable tools help smaller manufacturers track jobs, coordinate purchasing, and streamline shop-floor operations. Headquartered in Sydney, the company now supports more than 200 customers across Australia, North America, and the UK. Factory’s product roadmap includes deepening its feature set through expanded engineering resources and enhancing go-to-market capabilities. With fresh capital, the company plans to launch U.S. operations beginning in Texas, signaling an intent to scale internationally. Although revenue figures were not disclosed, the new funding strengthens Factory’s financial position to accelerate product development and geographic expansion.

Participated · Equity · Oct 2023

Outstaffer is the developer of a SaaS-based Global Workforce Platform designed to allow companies of all sizes to tap into the global talent pool and scale remote working and distributed teams. The platform helps companies find and hire top talent, make locally compliant payroll, offer employee benefits, and equip remote employees with managed devices and tools. Founded in 2020 and based in Melbourne, Australia, the company has self-funded to date and has already secured several enterprise customers. Outstaffer plans to use the new funding to accelerate growth, continue development of its proprietary platform, scale its in-house team, and expand into new countries. The company intends to prioritize the US market next year. Leadership frames the opportunity as driven by the unprecedented growth in remote work and the need to simplify compliance, payroll, benefits and device management for distributed teams.

Participated · Seed · Feb 2022

Binary Tech develops 5G NB-IoT mobile asset-tracking devices originally created to track beer kegs. Its hardware and software monitor location, temperature and product condition, delivering actionable insights to customers. The company serves sectors including AgTech, fast-moving consumer goods, health, telecommunications and waste management and has installations with blue-chip clients worldwide. Founder Michael Burton self-funded the business for its first years and secured initial support from the iAccelerate Seed Fund. Binary Tech plans to roll out broader supply-chain IoT deployments and accelerate global growth with the new capital. The company is based at iAccelerate, the University of Wollongong’s innovation campus.