National Reconstruction Fund Corporation

National Reconstruction Fund Corporation (NRFC) is a federal agency based in Canberra, Australia, established in 2023 by the Australian government. It is tasked with investing in domestic businesses operating within seven priority sectors, with the aim of fostering economic growth and job creation. NRFC offers financial support, including debt, equity, and guarantees, to projects that align with national interests and drive industrial transformation. The agency's assets are managed by its executive team.

Mary Manning

CIO

10 past transactions

QuintessenceLabs

Venture Round in 2025
QuintessenceLabs specializes in developing advanced data security technologies that protect digital information whether in transit, at rest, or in use. The company utilizes quantum science principles to enhance its cybersecurity applications, enabling robust security strategies and centralized management of data-security policies. This approach not only maximizes security but also improves the return on investment from existing assets while simplifying data-security management. QuintessenceLabs serves a diverse clientele, including financial institutions like Westpac Group, technology providers such as NetDocuments and PKWare, as well as federal entities like the US State Department and defense contractors including Boeing and Northrop Grumman.

Magic Valley

Grant in 2025
Magic Valley is an Australian startup focused on producing lab-grown meat by cultivating animal cells in a laboratory setting. The company employs a clean and ethical process, which begins with obtaining cells through a biopsy from live animals. These cells are then cultured in a bioreactor using FBS-free media, where they are reprogrammed into induced pluripotent stem cells. Subsequently, the cells are characterized and differentiated into muscle and fat tissues to create real meat products. This innovative approach aims to meet the growing global demand for animal-based food options while allowing restaurants and food service providers to eliminate animals from their supply chains, thereby reducing biological and disease risks associated with traditional meat production. Through its sustainable practices, Magic Valley seeks to contribute to feeding the future without compromising animal welfare or environmental integrity.

Harrison.ai

Series C in 2025
Harrison.ai is a healthcare-focused AI company founded in 2018. Headquartered in Barongarook, Victoria, Australia, it uses deep learning to enhance IVF success rates and improve patient outcomes. The company empowers clinicians with customized AI tools that integrate into existing workflows.

Harrison.ai

Series C in 2025
Harrison.ai is a healthcare-focused AI company founded in 2018. Headquartered in Barongarook, Victoria, Australia, it uses deep learning to enhance IVF success rates and improve patient outcomes. The company empowers clinicians with customized AI tools that integrate into existing workflows.

Arafura Resources

Grant in 2025
Arafura Resources Limited, established in 1997 and headquartered in Perth, Australia, specializes in mineral exploration and development within Australia. The company focuses on discovering and extracting rare earth deposits, along with tungsten, copper, and vanadium resources. Its primary project is the Nolans project, a significant rare earths-phosphate-uranium-thorium deposit located in the Northern Territory. This project supplies neodymium and praseodymium products crucial for various industries. Apart from exploration, Arafura also engages in mining infrastructure development and social-environmental feasibility assessments to ensure sustainable operations.

Quantum Brilliance

Series A in 2025
Quantum Brilliance develops room-temperature quantum devices based on synthetic diamond, enabling compact, energy-efficient quantum systems suitable for everyday devices and high-performance computing. It designs, fabricates, and manufactures rugged diamond quantum components that operate at room temperature, enabling the mass production of quantum computers and sensors. These devices are intended for edge computing, ubiquitous computing, and integrated applications across consumer electronics and industrial computing environments.

Vault Cloud

Series B in 2024
Vault Cloud is an Australian cloud service provider that specializes in delivering secure solutions for government agencies and commercial enterprises. The company operates a cloud platform designed to manage highly sensitive workloads, enabling seamless migration from on-premise infrastructure to the cloud. Vault Cloud emphasizes the importance of security and compliance, offering a hyper-scale technology that supports agile digital transformation within organizations. By providing extensive scalability, reduced risk, and cost savings, the platform accelerates deployment for its clients while ensuring adherence to stringent compliance standards.

Myriota

Venture Round in 2024
Myriota Pty. Ltd. is an Australian company based in Adelaide that specializes in developing low-power micro transmitters for satellite connectivity, primarily targeting the Internet of Things (IoT) market. Founded in 2015, Myriota's technology enables secure data transmission by using its low-power modules, which can be seamlessly integrated into various IoT devices. These devices send small packets of data to low Earth orbit satellites and ground stations, facilitating remote communication and monitoring. The firm's solutions cater to a diverse range of applications, including data-driven agriculture, resource asset management in sectors like oil and gas, mining, environmental monitoring, and defense. Myriota's innovations aim to enhance operational efficiency, reduce costs, and support data-driven decision-making across multiple industries.

Quantum Brilliance

Series A in 2024
Quantum Brilliance develops room-temperature quantum devices based on synthetic diamond, enabling compact, energy-efficient quantum systems suitable for everyday devices and high-performance computing. It designs, fabricates, and manufactures rugged diamond quantum components that operate at room temperature, enabling the mass production of quantum computers and sensors. These devices are intended for edge computing, ubiquitous computing, and integrated applications across consumer electronics and industrial computing environments.

Russell Mineral Equipment

Grant in 2024
Russell Mineral Equipment is a unique manufacturing technology and services company.
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