Mandalay Venture Partners
Office C1C, 8 Carraway Street, Kelvin Grove, QLD, 4059, Australia
Overview
Mandalay Venture Partners is a venture capital firm who invests in amazing people doing remarkable things.
- Total investments
- 3
- Lead investments
- 2
- Investments · 12mo
- 1
- Active investors
- 3
Sector focus
- Venture Capital
Investment portfolio
- Harvest B
Led · Series A · Sep 2025
Harvest B produces textured plant-based proteins and a blended meat range called B Strong that combine animal and plant proteins to increase protein per serving for institutional catering, aged care and foodservice wholesalers. Its product lineup imitates meats from diced chicken to pulled pork and beef mince, and is built on a patented multi-protein low‑moisture extrusion (LME) system for processing Australian plants. The company supplies business-to-business food settings across Australia and New Zealand and has partnerships with leading foodservice wholesalers. Harvest B plans to deepen collaboration with Victorian pulse producers and research institutions and to utilise Victoria’s faba bean processing industry to create an allergen‑free, sustainable protein range. The business emphasizes local supply chains, sustainable manufacturing and increasing food sovereignty while seeking to scale its advanced food processing capabilities. The recent financing is intended to accelerate manufacturing scale-up and expand market reach in institutional and manufacturing channels. Harvest B, founded in 2020, is developing what it describes as the world’s first meat ingredients system purpose-built for plant-based foods. The company combines food science and advanced manufacturing technologies to create naturally derived, sustainably produced plant-based meat ingredients that aim to deliver superior taste and health benefits. Harvest B’s product is intended to enable food manufacturers and brands to reduce the capital, expertise, and time required to make competitive plant-based meat products. The team hopes its specialised supply-chain approach will help bridge the quality gap with animal-based meat and accelerate industry scaling. Founders mentioned in the article are Kristi Riordan, Alfred Lo and Werner Fuggersberger. The company’s stated mission is to accelerate the world’s transition to a sustainable food system by addressing mid-stream ingredient and supply-chain challenges.
- Restoke
Participated · Equity · Sep 2024
Restoke.ai provides an AI-powered management platform that automates food costing, inventory, team management, and accounting by integrating with restaurant systems. The platform delivers real-time insights into expenses and highlights opportunities for cost savings and profit growth. Founded by Assaf Stizki and AI expert Ken Brand, Restoke.ai focuses on restaurant process automation and team management. The company reports more than 2,000 restaurants using its platform across Australia, New Zealand, Singapore and the US. Restoke will use the new funding to fuel expansion into the US market. Restoke Pty Ltd raised $5.1 million in an undisclosed round in September 2024.
- Cropify
Led · Equity · Aug 2024
Cropify develops AI-driven grain classification tools aimed at improving grading accuracy and saving farmers time and money. The company was founded in 2019 and is based in South Australia. Founders include CEO Anna Falkiner and COO Andrew Hannon. Cropify has secured a $2 million capital raise to support its operations and growth. The funding round was cornerstoned by Australian VC Mandalay Venture Partners and Singapore-based Hatcher+, who together contributed $850,000. The two investors announced the investment as their first joint deal under a new partnership to accelerate startups focused on farm-to-fork solutions, including on-farm technologies, farm-gate solutions, supply chain innovations, and point-of-sale advancements.