Adelaide · Seed–Series A
Investment thesis
The SAVCF backs innovative South Australian early-stage companies with large addressable markets, defensible competitive advantages, capital-efficient scalability, strong management teams and a clear path to liquidity. Companies must have demonstrated market validation and either revenue or a credible route to revenue, with 50% of assets and staff based in South Australia within 12 months of investment. Life science and biotech firms qualify only after Phase 1 clinical results or equivalent. The fund makes Seed investments up to $400K and Series A investments of about $2.5M, often as follow-ons, and may lead Series A rounds. Areas of interest include B2B software, space, clean energy, cybersecurity, defence, agrifood and health/medtech.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 7 of 9 portfolio companiesHealthtech ×5Digital Health ×4Biotech ×3Medical Devices ×3AI & Machine Learning ×2AgTech ×1Consumer ×1Cybersecurity ×1
HQs:Australia×6
Investments · 9 tracked
founders shown can be your intro path
Ferronova develops magnetic iron-oxide nanoparticle tracers (FerroTrace) and related imaging and therapy technologies to detect and map lymph nodes and tumours in early-stage cancers, supporting surgeons, oncologists and pathologists in staging and treating cancers such as oral, colorectal, esophageal, prostate and pancreatic.
BiotechHealthtechMedical Devices
Benjamin Thierry(Scientific Advisor/Founder)inStewart Bartlett(CEO)inAnil Shetty(CMO)in
Co-investorsArtesianBooster Innovation FundMatūStoic VCUniSeed Pty Ltd.
BiomeBank develops microbiome-based therapies aimed at restoring the gut microbial ecosystem, with a focus on conditions such as inflammatory bowel disease and Clostridioides difficile infection.
BiotechDeep TechDigital HealthHealthtechMedical DevicesAdelaide, AU
Sam Costello(Chief Executive Officer & Co-founder)inRob Bryant(Co-founder)
Co-investorsArtesian
Fivecast provides AI-enabled open-source intelligence software that collects and analyzes online data to surface security risks and actionable insights.
AI & Machine LearningCybersecurityDefense TechGovTechAustralia, AU
Dr Brenton Cooper(CEO & Director, Co-founder)Duane Rivett(VP Strategic Growth, Co-founder)inRoss Buglak(VP Product Development, Co-founder)David Blockow(VP Engineering, Co-founder)in
Co-investorsArtesianMain Sequence VenturesTen Eleven
Lumary develops ABA practice management software for autism therapy providers in the US and disability, aged care, and allied health providers in Australia, helping them manage operations and outcome-based care delivery.
Digital HealthHealthtechSaaSAdelaide, AU
Co-investorsArtesianOneVentures
Myriota provides satellite connectivity infrastructure for IoT devices, enabling partners to develop solutions across industries.
AgTechHardwareIoTSpace Tech
Dr David Haley(CTO & Co-Founder)
Co-investorsArtesianBoeing HorizonX VenturesIn-Q-TelInterValley VenturesMain Sequence VenturesRight Click Capital+1 more
Seonix develops a genetic risk score to identify individuals at elevated risk of glaucoma, serving eye health professionals, patients, and researchers.
AI & Machine LearningBiotechDigital HealthHealthtechMedical Devices
Johnathon Matthews(Co-Founder)inJamie Craig(Co-Founder)inAlex Hewitt(Co-Founder)Nick(Chief Executive Officer)
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
FleetKid Sense
Portfolio news
latest coverage across their companiesMyriota · natlawreview.com · Jun 30, 2026
Ferronova · ferronova.com.au · Dec 17, 2025
BiomeBank · biomebank.com · Sep 16, 2025
Frequently asked questions
- How many investments has South Australian Venture Capital Fund made?
- South Australian Venture Capital Fund has 9 tracked investments.
- What stage does South Australian Venture Capital Fund invest at?
- South Australian Venture Capital Fund invests at the Seed, Series A stages.
- What is South Australian Venture Capital Fund's typical check size?
- South Australian Venture Capital Fund typically writes checks of $400K – $2.5M.
- What sectors does South Australian Venture Capital Fund focus on?
- South Australian Venture Capital Fund focuses on AgTech, Cybersecurity, Defense Tech, Energy, FoodTech, Healthtech, Medical Devices, SaaS, Sector Agnostic, Space Tech.
- Where is South Australian Venture Capital Fund located?
- South Australian Venture Capital Fund is headquartered in Adelaide, AU.
- Does South Australian Venture Capital Fund lead rounds?
- Yes, South Australian Venture Capital Fund leads investment rounds.
- Who does South Australian Venture Capital Fund co-invest with?
- South Australian Venture Capital Fund most often shares deals with Artesian, Main Sequence Ventures, In-Q-Tel, among 12 tracked co-investors.
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