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The Venture Codex

Co:Act Capital

164-180 Kings Way, South Melbourne, VIC, Australia

Overview

Co:Act is an investment partnership of experienced venture investors with a network of founders.

Total investments
7
Lead investments
2
Investments · 12mo
4
Active investors
2
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Investment portfolio

  • OneReg

    Led · Series A · May 2026

    OneReg offers a single-system platform to manage safety, regulatory and compliance data for airlines and airports. The company says its platform creates a single source of truth that speeds compliance and strengthens operational resilience. OneReg was founded in New Zealand in 2020 and has customers across New Zealand, Australia, the Middle East and the U.S. It has achieved triple-digit revenue growth prior to this round. With the $4.4 million Series A, the company plans to expand into the U.K. and Europe and to hire more sales and customer success staff. Product development priorities include platform scalability, enterprise airline modules and added AI capabilities.

  • Veyor

    Participated · Series A · Mar 2026

    Founded in 2017, Sydney-based Veyor offers construction teams a SaaS platform that digitizes and coordinates site deliveries and material flows. The system allows contractors to schedule, track, and manage high-volume logistics in real time, reducing on-site congestion and delays. Veyor counts more than 60 customers across 30+ U.S. states, including major general contractors such as Turner, Skanska, and Balfour Beatty. Its software has also been deployed to manage traffic and deliveries at busy assets like JFK Airport and Capital One Arena. With the new capital, the company plans to expand its U.S. footprint, hire senior go-to-market leaders, and further enhance its logistics capabilities. The business is headquartered in Sydney, Australia, and operates under the legal entity Veyor Digital Pty Ltd.

  • EatClub

    Participated · Series B · Feb 2026

    Founded in 2017, Melbourne-based EatClub operates a marketplace app that lets restaurants post real-time, discounted offers during off-peak periods, enticing diners while improving venue utilisation. More than 5,000 Australian venues are on the platform, including over 1,700 in Victoria and a similar number in New South Wales. The company entered the U.K. in 2024 and now counts around 1,000 restaurants there as customers. Legendary chef Marco Pierre White was an early backer, lending both capital and culinary credibility. EatClub survived the Covid-19 downturn in hospitality and has since accelerated growth. Media reports indicate its valuation has doubled to about US$200 million following the latest round. The new capital will fund further expansion in Britain and other international markets.

  • H3D

    Participated · Series A · Sep 2025

    Founded in 2018 out of Swinburne University, H3D has built an automated CAD and 3D-printing platform that rapidly designs and produces custom-fit healthcare products, initially focusing on the hearing market with items like hearing aids, noise protection and custom earphones. Its proprietary software combines machine learning, advanced 3D algorithms and real-time cloud processing to let labs batch-process hundreds of complex jobs in minutes, replacing labor-intensive workflows that can take technicians up to 30 minutes per case. The company has also developed a smartphone-based 3D scanning solution that captures accurate ear scans using computer vision, AI and AR, eliminating the need for traditional ear impressions. With offices in Australia, Denmark and Ireland, H3D is beginning to extend its technology to dental labs worldwide, aiming to alleviate technician shortages and quality inconsistencies in that sector. Management positions the platform as a cornerstone for the future of AI-driven digital manufacturing in healthcare. The startup’s early backers include Swinburne University and Starfish Ventures, and it has generated meaningful commercial traction in the global hearing market. The recent capital injection will fund global dental-market expansion and the commercial roll-out of its mobile scanning product.

  • Diraq

    Participated · Series A · Jun 2024

    Diraq is an Australian quantum computing company commercializing silicon spin qubits (quantum dots) manufactured on 300 mm CMOS wafers, allowing dense co-integration of quantum and classical control electronics on a single chip. Its qubits run at roughly 1 K—warmer than superconducting approaches—simplifying cryogenic requirements and enabling a server-rack-compatible form factor for hybrid quantum-classical workloads. The firm’s roadmap calls for delivering an initial quantum computer by 2029 and reaching utility-scale performance by 2033, ultimately supporting millions of qubits at a projected cost of under one dollar per qubit. In late 2025, it demonstrated >99 % two-qubit gate fidelity on randomly selected industrial devices and advanced to Stage B of DARPA’s Quantum Benchmarking Initiative. Scaling efforts are reinforced through partnerships with imec, GlobalFoundries, Nvidia, and Dell. The business has grown to more than 70 staff and PhD students across research, development, and commercialization functions in Sydney, Melbourne, Palo Alto, Boston, and Chicago. Revenue figures were not disclosed, but the company has attracted backing from Main Sequence Ventures, Quantonation, and Australian superannuation funds including Hostplus and UniSuper.

Team