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Mandalay Venture Partners

Venture capital

Seed–Series A · 6 people tracked

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Investment thesis

Mandalay invests in early-stage agrifood technology startups with the aim of sustainably feeding a growing global population. It backs innovation spanning on-farm and farm-gate solutions through supply chain and point-of-sale, targeting challenges such as population growth, climate change, resource scarcity, and food insecurity. The firm takes a hands-on, venture-building approach, working alongside founders on early development, go-to-market strategy, expansion, and partnerships, with a particular focus on advancing Australian agrifood innovations. It seeks both financial returns and positive environmental and social impact.

Source: firm website, verified Aug 2, 2026.

Stage
Seed–Series A
Instruments
Equity
Tracked investments
8

Team · 6 people

from the firm's website
Mark Gustowski· Managing Partner, Chair Investment Committee

An experienced investment executive who has worked with innovative, fast-growth businesses for over 20 years.

Philippe Ceulen· Partner, Head of Platform

A seasoned entrepreneur and business growth professional in agtech and sustainability startups.

Timothy Hui· Partner, Head of Operations

A specialist in early-stage company growth strategy and fund operations.

Angela Young· Associate
Elouise Comber· Investment Analyst
Saskia Urlass· Investment Analyst

Investments · 8 tracked

founders shown can be your intro path
Agscent

Livestock diagnostics company with a handheld non-invasive device detecting pregnancy and disease from breath at point-of-care.

Cropify

AI-driven grain grading company helping farmers grade grains with precision.

FUL Foods

Ingredient company unlocking spirulina's health and climate potential by solving taste, shelf-life, and functionality barriers.

Harvest B

B2B food technology company creating affordable proteins that balance taste, nutrition, and climate impact.

Naturo (Haelen)

Patented milk processing technology producing fresh, natural milk with improved bioavailability, tolerance, and shelf life.

Nbryo

Reimagining livestock breeding for future food resilience with productivity, environmental, and animal welfare benefits.

Restoke

AI-driven SaaS platform optimizing back-of-house restaurant operations with real-time analytics.

YieldX

Agtech company with Omni-Yield NFT channel technology to increase space efficiency for indoor-farmed leafy greens.

Frequently asked questions

What stage does Mandalay Venture Partners invest at?
Mandalay Venture Partners invests at the Seed, Series A stages.
What sectors does Mandalay Venture Partners focus on?
Mandalay Venture Partners focuses on AgTech, AI & Machine Learning, Climate Tech, FoodTech, SaaS.

Images

Mandalay Venture Partners photo

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