Paspalis

Paspalis is a venture capital investor based in Darwin, Australia, focused on Northern Australia. It backs innovative companies locally and internationally with the potential to do business in the Northern Territory. The firm engages across seed, early, and later stages and often leads investments in global innovations that offer benefits to the Northern Territory, supporting business growth and connections between regional opportunities and global markets.

Alex Farrugia

Investment Manager

Emma Nesbitt

Director, Investment Committee

Harley Paroulakis

Founder and CEO

15 past transactions

Esper Satellite Imagery

Seed Round in 2025
Esper Satellite Imagery is a company focused on developing a constellation of hyperspectral imaging satellites equipped with in-house built imagers that cover over 100 spectral bands with a ground sampling distance of 1 meter. The company specializes in creating modular satellites capable of capturing detailed hyperspectral imagery to enhance agricultural practices and optimize mining operations. Their technology allows for precise measurements of various environmental factors, including water quality and plant health, which are essential for sustainable farming. Additionally, the satellites facilitate the identification of underground ore deposits, contributing to more efficient mining processes. Esper Satellite Imagery's capabilities also extend to monitoring the impacts of climate change, providing valuable environmental data to clients, and promoting resource efficiency for future generations.

Aliena

Series A in 2024
Aliena designs and manufactures low-power electric propulsion systems for small satellites, including miniaturized propulsion units and hall thruster components, and provides bespoke propulsion solutions for mission-specific needs such as very-low-earth-orbit operations. The company aims to enhance satellite performance and extend lifetimes by enabling advanced maneuvers in space, addressing limitations caused by the lack of efficient propulsion options and ongoing challenges in cathode technology for small power plasma thrusters.

Equatorial Space

Seed Round in 2024
Equatorial Space is a startup focused on developing innovative rocket propulsion and launch systems aimed at making space access as safe and affordable as commercial air travel. The company specializes in simplifying the propulsion segment of launch vehicles, which is often the most failure-prone and expensive aspect of space missions. By employing a proprietary solid fuel formulation, Equatorial Space's systems are designed to be non-explosive and eco-friendly, significantly reducing component requirements and enhancing potential reusability. This approach not only addresses key risks associated with space access but also lowers costs for various civilian and military applications. Since its inception, Equatorial Space has garnered recognition through awards and participation in prestigious accelerator programs, solidifying its presence in Singapore, Australia, and the United States.

Blueflite

Seed Round in 2024
Blueflite previously Flugauto is a B2B tech company developing a world-class platform for aerial delivery of industrial cargo for the energy industry. For businesses that want to transport cargo, we offer the benefits of a helicopter, speed, and access to remote locations, but at the cost of ground transportation. We do this by leveraging our proprietary UAS technology which we provide as a Platform-as-a-Service. This helps companies streamline their material management, reduce costs and carbon emissions associated with logistics, warehousing, and unplanned maintenance, as well as reduce the risk of injuries and fatalities.

Blueflite

Venture Round in 2023
Blueflite previously Flugauto is a B2B tech company developing a world-class platform for aerial delivery of industrial cargo for the energy industry. For businesses that want to transport cargo, we offer the benefits of a helicopter, speed, and access to remote locations, but at the cost of ground transportation. We do this by leveraging our proprietary UAS technology which we provide as a Platform-as-a-Service. This helps companies streamline their material management, reduce costs and carbon emissions associated with logistics, warehousing, and unplanned maintenance, as well as reduce the risk of injuries and fatalities.

Agricultural Robotics

Pre Seed Round in 2023
Agricultural Robotics is a tech company specializing in agricultural robotics. It employs artificial intelligence to automate mango forecasting and harvesting in the country, aiming to transform farming through precision, labor reduction, and enhanced productivity. The company's autonomous and intelligent machines empower growers, optimizing mango harvests and improving resource planning through accurate crop forecasting.

Atomionics

Venture Round in 2022
Atomionics develops atomic sensing devices that leverage quantum mechanics for precise measurements of parameters such as gravity, acceleration, and rotation. This technology offers up to 1000 times higher precision than current methods, revolutionizing global positioning and resource exploration.

Kraken Coding

Grant in 2022
Kraken Coding develop clinically focused, modern and agile software solutions focused on decision support, clinical excellence and patient safety.

Travello app

Series B in 2022
Travello is a social network designed for travelers, operating in over 180 countries and aiming to establish itself as the largest and most trusted travel community globally. Available for free on both iOS and Android platforms, Travello offers users a platform to connect and share their travel experiences. Beyond its social networking features, Travello has developed a suite of Travel-Tech solutions branded as BlueTee. This technology enables travel companies to engage with customers while they are at their destinations through self-serve geo-fence capabilities, customer segmentation, and location-based push messaging. This innovative approach allows travel companies to deliver targeted messages to travelers at the appropriate time and location without requiring complex technical integration.

SPEE3D

Venture Round in 2021
SPEE3D designs and manufactures metal 3D printers that enable affordable additive manufacturing for metals, with technology suited to industrial and commercial production of copper and aluminum components, delivering faster fabrication of metal parts.

BetTube

Seed Round in 2021
BetTube specializes in cloud-based computing solutions for sports betting and entertainment products, serving clients directly through its online platforms and mobile apps.

Equatorial Launch Australia

Series A in 2021
Equatorial Launch Australia is a commercial space launch company that operates a spaceport in Northern Australia and provides sub-orbital and orbital access for commercial, research, and government clients. Based in Melbourne, Australia, it offers testing, launch, and recovery services and maintains an active site with flexibility to build and expand facilities for ongoing and prioritized use. Established in 2015, the company serves the aerospace industry by enabling clients to access space through a dedicated launch facility.

Aliena

Seed Round in 2019
Aliena designs and manufactures low-power electric propulsion systems for small satellites, including miniaturized propulsion units and hall thruster components, and provides bespoke propulsion solutions for mission-specific needs such as very-low-earth-orbit operations. The company aims to enhance satellite performance and extend lifetimes by enabling advanced maneuvers in space, addressing limitations caused by the lack of efficient propulsion options and ongoing challenges in cathode technology for small power plasma thrusters.

Equatorial Launch Australia

Seed Round in 2019
Equatorial Launch Australia is a commercial space launch company that operates a spaceport in Northern Australia and provides sub-orbital and orbital access for commercial, research, and government clients. Based in Melbourne, Australia, it offers testing, launch, and recovery services and maintains an active site with flexibility to build and expand facilities for ongoing and prioritized use. Established in 2015, the company serves the aerospace industry by enabling clients to access space through a dedicated launch facility.

SPEE3D

Seed Round in 2019
SPEE3D designs and manufactures metal 3D printers that enable affordable additive manufacturing for metals, with technology suited to industrial and commercial production of copper and aluminum components, delivering faster fabrication of metal parts.
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