Participated · Equity · Jan 2026

Gilmour Space Technologies is a Queensland-based launch vehicle and satellite manufacturer focused on providing domestic and international access to space. Its core product is the Eris small launch vehicle, which completed an inaugural flight in July but failed 14 seconds after liftoff due to an engine issue the team is now addressing. The company also manufactures spacecraft and placed its first satellite, ElaraSat, into orbit via a SpaceX rideshare mission in June 2025. Fueled by rising demand for sovereign launch capabilities, the firm intends to scale production of both rockets and satellites while preparing a second Eris launch attempt targeted for 2026. Management reports a workforce of more than 220 employees and plans to hire aggressively with new capital. The latest raise pushes Gilmour’s valuation above US$1 billion, making it Australia’s first space-technology “unicorn.”

Participated · Series A · Mar 2025

Founded in 2021 by trauma surgeon Dr. Tom Kelly and technologist Waleed Mussa, Heidi Health offers an AI medical scribe that transcribes and dictates notes, creates personalized patient summaries, and tracks follow-up tasks so physicians can focus on care. The platform is model-agnostic, combining the company’s proprietary models with large models such as Gemini to optimize accuracy, latency and cost. Since launching products in early 2024, Heidi Health says it has returned more than 18 million clinical hours across 70 million patient visits in 116 countries and currently serves over 2 million clinicians each week. The company operates on a freemium model, augmenting its core scribe with paid features and, most recently, an AI agent that calls patients on a doctor’s behalf. Future plans center on expanding product capabilities and broadening access to providers in settings ranging from large hospitals to refugee camps. Key new hires include former Microsoft Chief Medical Officer Dr. Simon Kos and Plaid’s head of revenue Paul Williamson. Heidi Health has raised a total of $96.6 million to date to fund its growth and product development.

Participated · Equity · Sep 2024

SafetyCulture offers a workplace operations platform that added training, asset management and IoT functionality with an enhanced launch in October 2023. The company serves about 85,000 businesses and nearly 2 million users globally, and reports that average customer size has doubled over the past two years. SafetyCulture has grown headcount by 100 roles to more than 800 employees across six offices worldwide. It also operates an insurance subsidiary partnered with Employers. The company plans to use its recent funding to move into larger enterprise markets, accelerate its adoption of AI and provide benefits to long-term employees. The platform has seen record growth in user adoption following the product enhancements. SafetyCulture provides a mobile-first operations platform that leverages human observation to identify issues and opportunities for businesses to improve daily operations. Its flagship products, iAuditor and EdApp, are used to perform checks, train staff, report issues, automate tasks and communicate. The company serves more than 28,000 organizations and the platform has over 1.5M users across more than 85 countries. Led by founder and CEO Luke Anear, SafetyCulture is evolving from a checklist app into a broader operations platform for working teams. The company is based in Sydney, Australia and focuses on empowering frontline teams to drive continuous improvement. SafetyCulture builds safety and compliance software centered on its iAuditor app, which is used by over 26,000 companies in 85 countries. Its customer roster includes Emirates, Coca-Cola, GE, IKEA, Unilever, BHP Billiton and Accor. The company recently raised $35.5M at an $800M valuation; nearly half the proceeds were allocated as liquidity to long-tenured employees. The round was led by TDM Growth Partners with participation from Blackbird Ventures, Skip Capital and former prime minister Malcolm Turnbull and his wife. SafetyCulture has previously raised over $100M and says it has just crossed the cash-flow positive threshold. The new funding will accelerate product development as the company shifts from safety checklists toward a broader collaboration and communication platform and will support talent and marketing to scale, particularly in North America (which represents roughly 40% of its customers); the company operates in Kansas City, Sydney, Townsville, Manchester and Manila. SafetyCulture provides a checklist app called iAuditor that lets teams create smart checklists, conduct onsite inspections, analyze data and share insights in real time. Led by founder and CEO Luke Anear, the company also released Spotlight, an incident reporting app with real time alerts for incidents, hazards and nearmisses. Customers using iAuditor include CocaCola, Coles, Ausgrid, BHP Billiton and Qantas. SafetyCulture plans to use the new funding to accelerate global go-to-market expansion, build out product and engineering teams in Australia, and invest in internet of things (IoT) and workplace training. The company now has more than 200 staff and operates in Australia, the US, the UK and the Philippines. It has raised a total of $98m and is now valued at $440m. SafetyCulture is an Australian-founded mobile safety-management SaaS company whose flagship product, the iAuditor app (launched in 2012), digitizes paper-based inspection checklists. iAuditor enables companies to centralize inspection data, build custom drag-and-drop checklists, and access a public library of ~56,000 forms, generating “collective knowledge” from inspections, per CEO Luke Anear. The platform uses a freemium model (free individual users with a 25MB limit), paid plans starting at $9/month for SMEs, and custom enterprise pricing for businesses with more than 100 employees. Operational metrics cited include about 6,000 paying customers, ~100,000 users, more than 30 million inspections to date and roughly one million inspections per month. Index Ventures highlights a “big data benchmarking” opportunity and the potential to offer advanced risk profiles for commercial liability and workers’ comp insurance based on SafetyCulture’s proprietary datasets. The company says it will use the new funding to ramp up marketing, continue product development, increase customer outreach and add headcount globally.

Participated · Series E · Dec 2022

Svante develops carbon capture and removal technology built around nanoengineered filters and modular rotary contactor machines. The company is constructing a 141,000 sq. ft. manufacturing facility in Burnaby, BC that will produce filters capable of capturing 10 million tonnes of CO2 annually and serve as its global headquarters and R&D center. Svante disclosed a US$145 million capital investment in that facility. The company offers integrated project development services and aims to de-risk first-of-a-kind (FOAK) commercial deployments while accelerating delivery of projects domestically and internationally. Svante intends to leverage its Canadian IP and manufacturing capabilities to prioritize opportunities in its Canadian pipeline. The company has received industry recognition, including placement on the 2024 Global Cleantech 100 and XPRIZE XB100 lists, and a Corporate Knights ranking among private companies. Svante designs and manufactures structured adsorbent beds (filters) that capture CO2 from industrial flue gas and direct air, concentrating it into 95% pipeline‑grade CO2 for storage or industrial reuse. Its modular solid sorbent technology is tailored to separate CO2 from nitrogen in dilute, low‑pressure flue gases and is targeted at heavy industries including hydrogen, pulp and paper, lime, cement, steel, aluminum and chemicals. The company was founded in 2007 and its board includes Nobel Laureate and former U.S. Secretary of Energy Steven Chu. Svante is commercializing its technology through a planned Vancouver manufacturing facility that it says will produce enough filter modules to capture millions of tonnes of CO2 per year across hundreds of large-scale CCUS facilities. Management says the new facility will remove barriers to rapid deployment and enable rapid expansion of its order book. The company has received strategic partnerships and pilot projects with Chevron, including prior investment and a 2020 pilot funded by the U.S. Department of Energy. Svante builds solid sorbent-based carbon capture technology that captures, concentrates and releases CO2 for storage or industrial use in about 60 seconds. The company plans to scale up manufacturing through a new Centre of Excellence for Carbon Capture Use and Storage in Vancouver, BC to produce commercial-scale structured absorbent filters and test its rapid adsorption machine (RAM) designs. Svante says its planned filter plant will have annual capacity to deliver filter modules capable of removing 3 million tonnes of CO2 per year (equivalent to three 1 Mt/year plants). Its technology is being deployed at pilot and demonstration scale, including a 1 tonne-per-day CO2MENT pilot with LafargeHolcim and TOTAL in Richmond, a 30 TPD demonstration completed in Lloydminster, and a 25 TPD plant under design at Chevron near Bakersfield. The company has attracted more than USD$195 million in funding since its founding in 2007. The article highlights Svante’s World Headquarters, R&D and engineering test center in Canada and emphasizes the role of its technology in decarbonizing emissions-intensive industries like cement and large-scale hydrogen production. Svante develops a solid sorbent carbon-capture solution that captures CO2 directly from industrial sources for safe storage or industrial reuse. The company says its technology can achieve capture at less than half the capital cost of existing engineered solutions. Svante plans to use new growth capital over the next three years to support several commercial-scale carbon capture facilities targeting hard-to-abate sectors such as cement manufacturing, blue hydrogen production and natural gas boilers. The company emphasizes a capital-light business model and deployment at industrial scale. Svante has attracted more than USD $150 million in funding since its 2007 founding. Its board includes Nobel Laureate and former U.S. Secretary of Energy Steven Chu and Pratima Rangarajan of OGCI Climate Investments.

Participated · Series B · Nov 2022

Morse Micro is a Sydney-headquartered fabless semiconductor company specializing in Wi-Fi HaLow silicon solutions that offer up to ten times the range and 100 times the coverage area of traditional Wi-Fi, enabling next-generation IoT connectivity for smart homes, industrial automation, and smart cities. Its product line includes the first-generation MM6108 and the newly released MM8108 chips, as well as the HaLowLink 2 global evaluation platform. In 2025 the company launched its second-generation system-on-chip, moved multiple designs into mass production with leading OEMs, and expanded reference designs and ecosystem partnerships. Morse Micro employs more than 130 people in Australia and maintains offices in the United States, Taiwan, China, India, Japan, and the United Kingdom. The firm positions itself at the forefront of “IoT 2.0,” targeting high-throughput, long-range, and highly scalable deployments. To date it has raised over $193 million in venture funding, which is being used to scale chip production and accelerate international expansion. Management asserts an ambition to become the world’s leading wireless IoT chip company and is preparing for future growth and potential public-market entry.