South Australian Venture Capital Fund

The South Australian Venture Capital Fund (SAVCF), established in 2017 and headquartered in Adelaide, focuses on supporting the growth of early-stage companies in South Australia. The fund aims to facilitate innovative ventures in securing funding to enhance their development and expand into national and global markets. SAVCF primarily targets investments in sectors such as business-to-business software, space, clean energy, cybersecurity, defense, agrifood, health, and medtech. By promoting these investments, the fund seeks to stimulate economic activity and job creation within the region.

Shane Masters

Managing Director

12 past transactions

Kindship

Venture Round in 2024
Kindship is a social networking application specifically designed for parents raising children with disabilities, developmental delays, and neurodiversity. The platform facilitates communication among parents, allowing them to connect, share information, and empower each other through their experiences. By providing a space where newly diagnosed families can access insights from those who have navigated similar challenges, Kindship fosters a supportive community. This approach enables users to gain valuable information and emotional support, helping them to improve their quality of life as they raise their children.

Seonix Bio

Venture Round in 2024
Seonix Bio is a biotechnology company focused on delivering genetic risk prediction information specifically for eye health professionals and researchers. The company operates a medical laboratory that analyzes genetic data from saliva samples to assess an individual's risk of developing eye diseases, particularly glaucoma. By extracting DNA and evaluating the genetic results, Seonix Bio enables medical practitioners to make timely diagnoses, potentially preventing severe eye conditions and improving patient outcomes.

Fivecast

Series A in 2023
Fivecast is a provider of digital intelligence solutions that aims to create a safer world by assisting public and private organizations in analyzing vast amounts of data. The company focuses on critical areas such as national security, law enforcement, defense, corporate security, and financial intelligence, using advanced data collection and AI-driven analytics to address complex intelligence challenges. Based in Australia, with a presence in the United States, United Kingdom, and Europe, Fivecast was established through collaboration between government agencies and research institutions to tackle big data challenges. Its AI-enabled threat analytics platform simplifies the detection of threats across various forms of media, including images, text, and video, while offering capabilities for threat visualization, image analysis, and network analysis. This technology enables organizations to consolidate insights and automate risk detection effectively.

Rumin8

Seed Round in 2023
Rumin8 is addressing a critical environmental challenge by targeting methane emissions from livestock, which account for approximately 3.7% of global greenhouse gas emissions. The company has developed a groundbreaking technology that significantly reduces methane emissions from cattle by up to 95% by harnessing and transforming natural anti-methane compounds found in plants into dietary supplements for livestock. This innovation not only curtails methane production but also enhances the efficiency of the animals’ digestive systems, thereby providing them with more energy for growth. Rumin8's mission is to decarbonize millions of cattle worldwide, contributing to a more sustainable and climate-favorable food system to meet the dietary needs of a growing global population.

ValAi

Seed Round in 2022
ValAi is a startup disruptive technology company that provides blockchain solutions.

BiomeBank

Venture Round in 2022
BiomeBank is a clinical stage biotechnology company focused on developing microbial therapies to restore human gut microbial ecology. It has pioneered the first approved donor-derived microbiome therapy, BIOMICTRA, which received approval from the TGA in Australia for treating C. difficile infections. Utilizing its proprietary Consortiome drug discovery platform, BiomeBank cultivates human gut microbiomes in bioreactors to identify and select bacterial strains with specific therapeutic functions. This innovative approach leverages machine learning and microbiology to enhance the development of second-generation cultured microbiome therapies. The company's first such therapy, BB265, targets Ulcerative Colitis and is scheduled to enter clinical trials in 2025, further expanding BiomeBank's pipeline of microbial therapies aimed at improving patient outcomes through gut health restoration.

Kindship

Seed Round in 2022
Kindship is a social networking application specifically designed for parents raising children with disabilities, developmental delays, and neurodiversity. The platform facilitates communication among parents, allowing them to connect, share information, and empower each other through their experiences. By providing a space where newly diagnosed families can access insights from those who have navigated similar challenges, Kindship fosters a supportive community. This approach enables users to gain valuable information and emotional support, helping them to improve their quality of life as they raise their children.

Fleet Space Technologies

Series B in 2021
Fleet Space Technologies is an Australian space technology company that operates a fleet of commercial micro-satellites aimed at transforming critical mineral discovery and space exploration. The company has developed innovative solutions, including the world's first 3D-printed all-metal patch antenna for space, which significantly enhances data throughput. Fleet utilizes its satellite constellation to facilitate the exploration of critical minerals globally and provides satellite-enabled systems and seismic array technology to connect Earth, the Moon, and Mars. By offering low-cost satellite-based systems for Industrial Internet of Things applications, Fleet Space Technologies seeks to revolutionize the mineral exploration and defense sectors while advancing space exploration initiatives.

Lumary

Venture Round in 2021
Lumary is a global healthcare platform that specializes in end-to-end care management solutions tailored for aged care, disability, allied health, and autism therapy providers. The company focuses on creating purpose-built software that integrates with various specialist applications, offering a comprehensive cloud-based solution for managing organizations and their workforces. Lumary's platform allows providers to access client information in real-time, manage invoices, and handle claims from multiple funding bodies, thereby enhancing operational efficiency and reducing process duplication. With a commitment to benefiting the community, Lumary aims to improve the quality of care delivery through its user-friendly solutions. The company is headquartered in Adelaide and has additional offices in Sydney, Brisbane, and Denver.

Ferronova

Series A in 2020
Ferronova Pty Ltd, established in 2016 and based in Salisbury South, Australia, specializes in manufacturing innovative medical devices for cancer diagnosis and treatment. The company produces surgical oncology tracer devices, utilizing magnetic nanoparticles visible on MRI, enabling non-invasive detection and surgical staging of complex cancers, such as those in the head, neck, and colorectal regions. Ferronova's technology involves magnetic probe-based devices and gamma probes with magnetic tracers, aiding hospitals in accurate and early-stage cancer detection and treatment.

Myriota

Series B in 2020
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.

Fivecast

Venture Round in 2019
Fivecast is a provider of digital intelligence solutions that aims to create a safer world by assisting public and private organizations in analyzing vast amounts of data. The company focuses on critical areas such as national security, law enforcement, defense, corporate security, and financial intelligence, using advanced data collection and AI-driven analytics to address complex intelligence challenges. Based in Australia, with a presence in the United States, United Kingdom, and Europe, Fivecast was established through collaboration between government agencies and research institutions to tackle big data challenges. Its AI-enabled threat analytics platform simplifies the detection of threats across various forms of media, including images, text, and video, while offering capabilities for threat visualization, image analysis, and network analysis. This technology enables organizations to consolidate insights and automate risk detection effectively.
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