Virescent Ventures | Activity

Investment

Virescent Ventures led MAKO's A$28m Series A round (fourth investment in the company) from both Fund II and on behalf of CEFC. MAKO develops shark-skin-inspired riblet film (Flightfilm) that reduces aircraft drag and fuel consumption by up to 4%.

Mako

MakoVirescent Ventures

virescent.vcJUL 14, 2026

JUL 14, 2026

Investment

Invested in HydGene Renewables' $6M seed round for synthetic biology approach to green hydrogen from organic waste.

HydGene Renewables

HydGene Renewables Virescent Ventures

virescent.vc

Added recently

Investment

Participated in Novalith's $23M Series A to revolutionise lithium production via CO2-based extraction from hard rock ores.

Novalith

Novalith Virescent Ventures

virescent.vc

Added recently

Investment

Participated in Renewable Metals' $8M seed round to scale alkaline-based battery recycling technology.

Renewable Metals

Renewable Metals Virescent Ventures

virescent.vc

Added recently

Investment

Co-led DryFlow Magnetics' $10M seed round; patented dry magnetic separation technology for iron ore upgrading.

DryFlow Magnetics

DryFlow Magnetics Virescent Ventures

virescent.vc

Added recently

Investment

Co-invested in IND Technology's first institutional capital raise alongside Energy Impact Partners and Angeleno Group — early fault detection for electricity utilities.

IND Technology

IND Technology Virescent Ventures

virescent.vcAPR 15, 2026

APR 15, 2026

Investment

Invested in NRN, a Sydney-based no-upfront-cost rooftop solar and battery marketplace.

NRN

NRN Virescent Ventures

virescent.vcDEC 17, 2025

DEC 17, 2025

Investment

Participated in Amber's $45M Series D led by ETF Partners — Australia's leading home battery + wholesale power price retailer.

Amber Electric

Amber Electric Virescent Ventures

virescent.vcOCT 13, 2025

OCT 13, 2025

Investment

Invested in Kwetta, a New Zealand-based ultra-fast EV charging company expanding into Australia and Europe.

Kwetta

Kwetta Virescent Ventures

virescent.vcOCT 7, 2025

OCT 7, 2025

News

QIC committed to Virescent Ventures Fund II, joining the climate tech fund's LP base.

Queensland Investment Corporation (QIC) backs Fund II

Virescent Ventures

virescent.vcFEB 12, 2025

FEB 12, 2025

New Fund

Announced $100M first close of Virescent Ventures Fund II targeting $200M, with cornerstone commitments from Westpac, CEFC, QIC, and Breakthrough Victoria.

Virescent Ventures Fund II — $100M first close

Virescent Ventures

virescent.vcOCT 7, 2024

OCT 7, 2024

Investment

Invested in Xefco, a Geelong-based startup commercialising waterless textile dyeing and finishing technology.

Xefco

Xefco Virescent Ventures

virescent.vcMAY 8, 2024

MAY 8, 2024

Milestone

Portfolio company Loam Bio raised $105M Series B — one of Australia's largest climate tech funding rounds — for microbial soil carbon sequestration at scale.

Loam Bio

Loam Bio Virescent Ventures

virescent.vcAPR 2023

APR 2023

Virescent Ventures Activity

Virescent Ventures led MAKO's A$28m Series A round (fourth investment in the company) from both Fund II and on behalf of CEFC. MAKO develops shark-skin-inspired riblet film (Flightfilm) that reduces aircraft drag and fuel consumption by up to 4%.

Portfolio company Relectrify achieved world-first certification for cell-level control in a commercial battery product, ahead of European and US market entry.

Invested in HydGene Renewables' $6M seed round for synthetic biology approach to green hydrogen from organic waste.

Participated in Novalith's $23M Series A to revolutionise lithium production via CO2-based extraction from hard rock ores.

Participated in Renewable Metals' $8M seed round to scale alkaline-based battery recycling technology.

Co-led DryFlow Magnetics' $10M seed round; patented dry magnetic separation technology for iron ore upgrading.

Co-invested in IND Technology's first institutional capital raise alongside Energy Impact Partners and Angeleno Group — early fault detection for electricity utilities.

Invested in NRN, a Sydney-based no-upfront-cost rooftop solar and battery marketplace.

Participated in Amber's $45M Series D led by ETF Partners — Australia's leading home battery + wholesale power price retailer.

Invested in Kwetta, a New Zealand-based ultra-fast EV charging company expanding into Australia and Europe.

QIC committed to Virescent Ventures Fund II, joining the climate tech fund's LP base.

Announced $100M first close of Virescent Ventures Fund II targeting $200M, with cornerstone commitments from Westpac, CEFC, QIC, and Breakthrough Victoria.

Invested in Xefco, a Geelong-based startup commercialising waterless textile dyeing and finishing technology.

Portfolio company Loam Bio raised $105M Series B — one of Australia's largest climate tech funding rounds — for microbial soil carbon sequestration at scale.