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The Venture Codex

Paspalis

Level 1, Paspalis Centrepoint, 48-50 Smith Street Mall, Darwin, NT, 0800, Australia

Overview

Venture capital investor supporting innovative companies in Northern Austra

Founded

1927

Deals ยท 12mo

2

Links

WebsiteLinkedIn

Stage focus

Seed
Series A
Series B

Geographic focus

Australia
Germany
Singapore

Sector focus

Construction
Financial Services
Health Care
Industrial
...

Investment portfolio

9rounds
NAMEDATESIZE
HEO
Sep 2026Participated
$26 MSeries B
Polybee
Feb 2026Led
$4 MSeed
Atomionics
Sep 2025Led
$13 MSeries A
Equatorial Space
Aug 2024Led
$2 MSeries A
Go Locum
Jul 2024Led
$0.35 MSeed
Atomionics
Nov 2022Led
$0.50 MOther Equity
Travello
Oct 2022Participated
$10 MSeries B
Amphibian Aerospace Industries(AAI)
Nov 2021Led
$1 MOther Equity
Corrosion instruments
Nov 2019Led
$150 MOther Equity
HEO
Sep 2026Participated
$26 MSeries B
Polybee
Feb 2026Led
$4 MSeed
Atomionics
Sep 2025Led
$13 MSeries A
Equatorial Space
Aug 2024Led
$2 MSeries A
Go Locum
Jul 2024Led
$0.35 MSeed
Atomionics
Nov 2022Led
$0.50 MOther Equity
Travello
Oct 2022Participated
$10 MSeries B
Amphibian Aerospace Industries(AAI)
Nov 2021Led
$1 MOther Equity
Corrosion instruments
Nov 2019Led
$150 MOther Equity
9
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Paspalis: 9 funding rounds are recorded in the selected participation categories.All available history.
Paspalis: 9 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed20
Series A20
Series B02
Other Equity30

Monthly Deal Activity

Paspalis: 9 deals are recorded across 84 months.All available history.
Paspalis: 9 deals are recorded across 84 months. All available history
MonthDeals
Nov '191
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '211
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '241
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Paspalis: Hardware & Robotics is the largest displayed sector by deal count (4 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Paspalis: Hardware & Robotics is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Hardware & Robotics4
Networks, Cloud & Communication3
AI & Machine Learning3
Space & Frontier Tech3
Manufacturing2
Transportation & Logistics2
Travel & Hospitality1
E-Commerce & Retail1
Health & Life Sciences1
Food & Agriculture1
Clean Energy & Sustainability1
Professional Services1

Deal Size Distribution

Paspalis: 9 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Paspalis: 9 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M0
$10M-$25M2
$25M-$50M1
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Paspalis: Singapore has the largest recorded deal count among the displayed regions (4 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Paspalis: Singapore has the largest recorded deal count among the displayed regions (4 deals). All available history
RegionDeals
Singapore4
Australia4
Europe1
Paspalis: 20 co-investors are shown, with AirTree Ventures sharing 1 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Paspalis: 20 co-investors are shown, with AirTree Ventures sharing 1 recorded deals. All available history
Co-investorShared deals
AirTree Ventures1
Beaten Zone Venture Partners1
BHP Ventures1
Dcode Capital1
Deepwater Asset Management1
Dumm Capital1
Elev8.vc1
Farquhar Venture Capital1
In-Q-Tel1
Northern Territory Government1
Queensland Investment Corporation1
Salus Ventures1
SEEDS Capital1
SG Growth Capital1
TEN131
The National Reconstruction Fund Corporation1
UNSW1
VU Venture Partners1
Wavemaker Partners1
Wunala Capital1

Investment Strategy

Paspalis: Led accounts for 78% and participating for 22% of round participation.All available history.
Paspalis: Led accounts for 78% and participating for 22% of round participation. All available history
CategoryDeals (count)Share (%)
Led778%
Participating222%
Paspalis: Single-lead accounts for 57% and co-led for 43% of lead dynamics.All available history.
Paspalis: Single-lead accounts for 57% and co-led for 43% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead457%
Co-led343%

Team

Alex Farrugia

Investment Manager

Geoff Thomas

Investment Committee member

Harley Paroulakis

CEO