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The Venture Codex

Startmate

710 Collins St, Docklands, Victoria, 3008, Australia

Overview

We support the most exceptional founders, operators and investors with best-in-class programs, propelled by a highly trusted mentor-driven community, and backed by the best angels, venture funds and tech startups in the region. Startmate helps technically-focused founders create world-class companies that solve customer problems. It invests AUD $120,000 for a 7.5% equity stake. Startmate’s three-month program offers a $75,000 investment, mentorship from more than 40 successful founders, sage legal counsel, and a one week trip to Silicon Valley. At the conclusion of the program, there are two demo days, one in Sydney and the other in Melbourne, where the chosen startups present in front of early-stage investors. Startmate was founded in 2010 and is headquartered in Sydney, Australia.

Total investments
17
Lead investments
0
Investments · 12mo
7
Active investors
10

Sector focus

  • Education
  • Finance
  • Financial Services
  • Internet
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Investment portfolio

  • Vexev

    Participated · Equity · Aug 2026

    Vexev develops an autonomous robotic imaging platform, VxWave, that combines robotics, artificial intelligence and ultrasound to automate vascular ultrasound acquisition. Its initial application is upper-limb imaging for dialysis vascular access, with plans to expand into other vascular disease areas such as cardiovascular and peripheral artery disease. The company reported a 94% scanning success rate for autonomous vascular imaging by non-specialist clinical staff in a multi-site study with U.S. Renal Care. VxWave is an investigational device and Vexev is pursuing FDA 510(k) clearance to enable U.S. commercialization. Vexev has raised $19 million in total funding to date and intends to use recent proceeds to support regulatory activities, manufacturing scale-up and commercialization. The company emphasizes building clinical evidence to support future AI-enabled decision tools.

  • On the House

    Participated · Seed · Jan 2026

    On the House operates wall-mounted digital dispensers that distribute free period products in public and semi-public spaces. The company plans to expand its footprint by deploying 50 additional dispensers across universities, corporate workplaces, gyms and shopping precincts nationally using proceeds from its seed round. In May 2026 it secured $1.7 million in seed funding led by Purpose Ventures with UniQuest Extension Fund and Startmate as co-investors. Founder and CEO Remy Tucker stated that the seed raise is a major milestone. The articles do not disclose revenue, user metrics, or prior funding history.

  • Keeyu

    Participated · Seed · Nov 2025

    Keeyu builds an AI Agent platform that continuously monitors the entire e-commerce order journey—including payment, fulfillment, delivery, and returns—and automatically resolves issues before shoppers contact customer support. The Sydney-based startup already supports more than 15 retailers spanning 25 brands such as Decjuba, Rebel Sport NZ, and Camilla. By surfacing and fixing fulfilment, shipping, and return problems in real time, the software aims to reduce ‘where-is-my-order’ inquiries and improve customer experience. Founded by Jevon Le Roux, Tahir Rauf, and Tracy Godtschalk, the company positions itself as a proactive operations layer for modern retail tech stacks. With fresh capital in hand, Keeyu plans to accelerate growth, extend adoption of its platform, and bolster product capabilities ahead of upcoming peak retail seasons. The recent financing brings total funds raised to US$2.3 million and gives the company runway to deepen its AI functionality and scale go-to-market efforts.

  • ULUU

    Participated · Series A · Oct 2025

    Founded in 2021, Uluu develops plastic alternatives made by extracting sugars from seaweed, feeding them to PHA-producing microbes, and processing the resulting polyhydroxyalkanoates into pellets using a process the company likens to brewing beer. The startup is commercialising materials for use in cosmetics packaging, fashion accessories and textiles, and has run product collaborations with brands including Good Citizens (seaweed glasses), Quiksilver (wax scraper) and Papinelle (biodegradable buttons for pajamas). Uluu currently produces about 100 kg of material per year and aims to scale to one tonne per year with the new grant and to a 10-tonne-per-year demonstration plant by 2027. Financially, the company recently closed a $16 million Series A and has received grants including $1.5 million from the WA Government and the new $2.1 million from the federal Industry Growth Program. The funding will support regulatory certification, commercial trials, increased production capacity, and team expansion from 25 toward 30–35 staff.

  • Morse Micro

    Participated · Series C · Sep 2025

    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.

Team