Inside Investible: April 2024
Investible
Early-stage venture capital in Australia, Southeast Asia and the world ??
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The past few months have been action-packed at Investible.?
In April, Investible CEO Rod Bristow had the opportunity to share a look at Investible's position and our upcoming Global Climate Tech Fund with the Australian Financial Review . This Fund is the result of Investible's years of work in the APAC region from our Singapore office.
In this dispatch, we introduce several recent investments, detail our growth in Southeast Asia, welcome a new venture partner, recap some big moves that our portfolio companies have been making, and plenty more!
To stay up-to-date on our latest announcements, make sure to follow us on LinkedIn and X . Now, let's get into it!?
Our recent investments
??? Veyor is a B2B logistics scheduling SaaS platform that is helping eliminate productivity stagnation in the construction and facilities management industries. Co-founded by Richard Fifita and Stephen Rockett , the company currently has over 80 prominent clients across both Australia and the US.
Investible is thrilled to have led Veyor’s $2.75m Pre-Series A round with participation from Club Investible, Saniel Ventures , Gravel Road Ventures and various angels and family offices.
Read more in our investment notes and The Australian.
?? Bygen delivers high-quality and reliable activated carbon products, while also facilitating large scale, long-term carbon dioxide sequestration. The Melbourne-based company is led by Founder and CEO Dr. Lewis Dunnigan .
The Investible Climate Tech Fund invested in Bygen’s A$2.6m capital raise (which closed late last year), alongside Breakthrough Victoria , Alberts , with participation from previous investors, Startmate and Artesian (Alternative Investments) .
Read more in our investment notes and in Startup Daily.
? Tability is a software platform increasing workplace productivity and accountability through smart goal-setting. The business is co-founded and led by ex-Atlassian product builders Sten Pittet and Bryan Schuldt .
Investible’s Early Stage Fund 2 led Tability’s A$1.4m. Seed round, with participation from Right Click Capital , Skalata , Empress Capital , Jelix Ventures ?and various angel investors.
Read more in our investment notes .
?? Xefco is a sustainable manufacturing tech company which is disrupting the fashion industry with its innovative textile and coating technologies. Their latest invention, Ausora, offers a waterless method for dyeing and finishing textiles, thereby targeting one of the leading contributors to global industrial water pollution.
The company raised A$10.5m in its latest funding round including a follow-on investment from Investible's Climate Tech Fund.
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Read more in our announcement of the investment round.
?? Programa is a cloud-based platform for architects and interior designers that brings projects, processes, products and purchasing together in one place. Everything you need to run your design business or brand, all from one dashboard.
This recently closed investment included follow-on investment from members of Club Investible and the Investible Early Stage Fund 1.
?? Nexl is a collaboration cloud for modern law firms that combines CRM, email marketing, collaboration, and more — all in one platform. This recently closed investment included follow-on investment from Investible’s Early Stage Fund 1.
Portfolio updates
In the ecosystem
Mark your calendars as Climate Action Week Sydney (CAW.SYD) is coming up soon from May 13-19 this year! CAW.SYD is a series of community-led events aimed at bringing together the climate action ecosystem across the whole of Sydney.
Throughout the week, you can expect a range of climate-focussed events ranging from keynote speeches, interactive workshops, art exhibitions, product demos to food stalls. Climate Action week is led by our friends at Greenhouse, with support from the City of Sydney, and includes collaborators from organisations, universities, investors, and startups.
The first batch of 30+ events is live, so make sure to register before they fill up!