Participated · Seed · Aug 2026

Nbryo develops an integrated IVF platform that combines biotechnology with digital tools to deliver scalable bovine reproductive solutions. Over the past 12 months the company commercialised its embryo multiplication technology and established a growing base of paying customers and commercial relationships with leading Australian beef producers. The business positions its offerings to improve reproductive efficiency and accelerate genetic improvement in herds. The recent A$20 million seed round, including government-backed Sowing the Seeds Fund support, is intended to fund the company's next phase of growth and further commercialisation. Nbryo has attracted investment from specialist agricultural investors and philanthropic capital, including the Gates Foundation, AgriZero, Tenacious Ventures and QIC Ventures.

Led · Seed · Feb 2026

Founded in 2022 in New Zealand, Agovor develops a lightweight, battery-powered autonomous eTractor that can operate for up to 10 hours and tow a range of smart implements such as mowers and sprayers. The system is managed through the Agovor Portal, allowing growers to deploy, monitor and control single units or entire fleets. Early customers across New Zealand and Australia report more than A$30,000 in annual savings, a 90 % reduction in water use and a 12.5 % cut in chemical inputs. With feedback from these users, the company is expanding its lineup of towable attachments so multiple horticultural tasks can be handled by simply switching trailers. Proceeds from the latest raise will fund additional R&D, manufacturing capacity, and the build-out of sales and service teams in Queensland, South Australia, Western Australia, New Zealand and Sydney. Cofounders Richard Beaumont and Simon Carroll remain focused on improving the eTractor platform while helping customers maximize fleet utilization around the clock.

Participated · Seed · Nov 2024

Earthodic develops Biobarc™, a water-resistant, repulpable and recyclable coating for paper packaging that reintegrates lignin, a pulp-and-paper byproduct, into paperboard barrier applications. Its coatings are certified 100% biobased carbon and are designed as a drop-in solution for existing coating infrastructure to replace wax and petroleum-based films. The company is pursuing third-party certifications for industrial compostability to expand end-of-life pathways. Earthodic sells Biobarc™ into non-food contact packaging at scale and is deepening R&D partnerships with global paper-packaging leaders. Established in 2022, Earthodic maintains an R&D hub in Queensland and has operations across Australia and the USA. Earthodic develops Paperbarc, a bio-based waterproof coating that gives paper and packaging water resistance while remaining strong and recyclable. Paperbarc is positioned as a potential replacement for wax or plastic-coated packaging and is suited to bulk and secondary packaging in agricultural and food supply chains, including seafood and fruit and vegetables. The company completed a commercial-scale manufacture run in the US and has earned 100% USDA Biobased Product Label certification and eligibility to participate in the USDA BioPreferred Program. Co-founders Albert Tietz, Fiona Donaghey, Anthony Musumeci and Melissa Mail launched the materials science startup last year after collaborating on earlier projects. Earthodic plans to use funds to scale up production, ramp up sales and marketing, and expand its intellectual property portfolio. The startup is based in Brisbane, Queensland.

Participated · Equity · Mar 2024

Jupiter Ionics develops an electrochemical green ammonia technology that uses renewable energy, air, and water to produce ammonia. The company is focused on commercialising that technology and improving its cost-competitiveness to reduce the so-called “green premium,” according to CEO Dr Charlie Day. The Australian Renewable Energy Agency (ARENA) has awarded Jupiter Ionics $2.5 million over four years to accelerate commercialisation and improve cost-competitiveness. The grant will be used to advance the technology and includes continued collaboration with long-term partners at Monash University. The funding package also supports two PhD positions to train the next generation of green ammonia specialists. ARENA’s award follows a 2018 grant to Monash University that led to the discovery underpinning Jupiter Ionics’ current technology. Jupiter Ionics develops modular electrochemical ammonia-production systems that combine nitrogen from air with hydrogen produced via water electrolysis to make carbon-neutral ammonia for agriculture. The technology can operate with renewable electricity, water and air, enabling regional production, shorter supply chains and reduced exposure to conventional fertilizer price volatility. The company traces to research at Monash University by Prof Doug Macfarlane and Assoc Prof Alexandr Simonov. CEO Dr Charlie Day says the funds will be used to integrate the technology into larger prototypes and accelerate the path to market. The solution also has potential applicability in ammonia-fuelled transport. Financially, the company has completed a $9 million raise to support scaling and commercialization efforts. Jupiter Ionics is a Melbourne-based Monash University spin-out that has exclusively licensed an electrochemical nitrogen reduction reaction (NRR) technology to produce ammonia on-site or closer to farms. Its process requires only water, air, and electricity as inputs and aims to produce smaller, potentially net‑zero batches of ammonia at much lower temperatures and pressures than the Haber‑Bosch process. The company says the approach enables batch, intermittent operation with renewable power, reduces the need for large-scale storage, and allows tailoring of output to point-of-use to lower supply-chain risk. Jupiter Ionics will use the seed funds to continue R&D around the technology and to push ahead with commercialization. CEO Charlie Day highlighted the current global ammonia market is worth around $70 billion and noted potential future demand from green ammonia uses such as shipping fuel and energy storage. Tenacious Ventures has publicly backed the technical and commercial rationale for the company’s approach.

Led · Seed · Sep 2023

Azaneo develops rapid-pulse, low-power electrical weeding technology designed to damage weed cells using very low energy. Founder and CEO Liam Hescock, who comes from a farming background, started the company in response to herbicide-resistant weeds and concerns about spray drift and environmental impacts. The team built its first weed-zapping unit about a year ago, initially testing in greenhouses and more recently in the field where it has achieved reasonable competence against certain weed species. Azaneo positions its approach as distinct from thermal or diesel-powered electrical systems, emphasizing a low-energy solution that can scale across the agriculture value chain and integrate into different platforms. The company announced an AUD $1.4M (USD $893K) pre-seed round led by Tenacious Ventures with participation from AgFunder and IP Group to advance development. Planned next steps include building a tractor-towed, boom-style unit, demo-site testing in three to four months, and making trial units available to customers in Australia next year.