Participated · Equity · Mar 2025

StrongRoom AI offers a medication-management platform used by over 1,500 pharmacies that combines controlled-substance tracking, patient engagement, and analytics to support regulatory audit trails and dispensing workflows. The company reported approximately A$13M in annualized revenue and 80% year-over-year growth by the end of 2024, but under prior management allegedly booked government grants and loans as revenue and was running roughly A$800,000 in monthly losses. After entering receivership in March 2025 it was acquired by industry entrepreneur Joe Zhou for A$3M and has since raised A$1.2M from pharmacy operators and healthcare investors to stabilize operations. Management has divested non-core assets—selling Member Benefits Australia to the Australian Pharmacy Association—and is prioritizing a cloud migration of its platform, accelerated product development, and expansion into pharmacy and aged-care partnerships. The company’s customer base and regulatory integration are cited as durable competitive advantages, while ongoing litigation and past accounting irregularities pose material governance and fundraising risks.

Participated · Seed · Jul 2024

SeenCulture provides a workplace talent management platform that helps organizations make smarter, fairer, and faster decisions about promotions, performance and pay reviews, and team design. The platform leverages data science and behavioral science to identify and highlight overlooked and underestimated talent. SeenCulture serves over 1,500 users and counts clients including Atlassian and Culture Amp. Founded in 2023 by Nikki Tugano and based in Melbourne, the company plans to expand its product development team using fresh funding. The company recently completed a funding round to support product development and growth initiatives.

Led · Series A · Jul 2022

XY Sense builds a privacy-preserving occupancy sensor and analytics platform that captures 100% anonymous, real-time occupancy and people-movement data with sensors that update every two seconds and locate occupancy to within about 1 foot. Its sensors deliver extensive coverage (about 1,000 sqft / 20 desks per sensor) and claim to use 50–75% fewer sensors versus competitors, reducing rollout costs and improving sustainability metrics. The platform is used by major customers including CBRE, Xero, Mirvac and Fidelity International and now powers workplaces in 14 countries. Since launching in Australia in 2020, the company has seen rapid adoption post-COVID-19 as employers reassess real estate strategies. Financially, XY Sense reported a 300% revenue increase in 2021 following global rollouts and had doubled its annual revenue as of June 30, 2022. The company is ramping inventory and supply to meet strong international demand while emphasizing fast dispatch times despite supply-chain challenges.

Led · Equity · Mar 2022

Cydarm builds a platform that enables fast, consistent incident response by coordinating people and processes across distributed teams and automating time-consuming tasks. The platform supports teams with different levels of experience and trust and is used by customers in federal and state governments, Defence, financial services, higher education, and managed security services. In 2020 the platform was used on a Defence cyber training trial as a command-and-control system. Co-founded in 2017 by Dr Vaughan Shanks and Ben Waters, Cydarm was one of the first graduates of the CyRise accelerator program. The company plans to use new capital to recruit staff, add further integration and automation features to the platform, and pursue international expansion. Cydarm recently completed a $3 million second equity round led by InterValley Ventures. Cydarm Technologies builds a software case‑management system that automates manual work in cyber incident response and helps security teams communicate internally and with external organisations. The product is designed to relieve skilled staff from repetitive tasks and improve coordination during incidents. Cydarm was an early graduate of Melbourne’s CyRise cyber security accelerator and was founded in 2017. The company plans to use its recent funding to accelerate market validation and work toward product‑market fit while building a technical team. In the near term it will focus on local distribution and identifying the most relevant sectors and features. The team intends to consider overseas expansion within nine to 12 months once the product is validated.

Participated · Series B · Feb 2022

Kepler Analytics is an AI assistant for brick-and-mortar retail managers that collects, analyses, and recommends actions to grow store sales and increase store operating productivity. The company was founded in 2014 in Melbourne by a team of engineers and former retailers. Kepler serves more than 5,500 stores across 24 countries, from small local shops to enterprise retailers including Aēsop, Hanes Group, Officeworks, Hudson's Bay and Pandora. Its software focuses on foot-traffic and sales optimization for physical retail. Kepler plans to use fresh capital for key hires, rolling out new product features, and fueling global expansion in response to increased customer demand in North America, Europe and Asia. In February 2022 it completed a Series B raise of AUD$22 million (USD$15.5M).