South Australian Venture Capital Fund
Government fundAdelaide · 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 ×4Biotech ×3Digital Health ×3AgTech ×1AI & Machine Learning ×1Consumer ×1Cybersecurity ×1Deep Tech ×1
HQs:Australia×4
Investments · 9 tracked
founders shown can be your intro pathBiomeBank develops living microbial therapeutics derived from human gut microbiome collections, targeting conditions such as ulcerative colitis with a pipeline spanning immunity, metabolism, neurology and oncology.
BiotechDeep TechHealthtech
Ferronova develops FerroTrace, a mannose-labelled iron-oxide nanoparticle tracer that maps the lymphatic network and detects high-risk lymph nodes for staging and surgical planning in patients with upper gastrointestinal cancers such as esophageal cancer.
BiotechHealthtechMedical Devices
Co-investorsBooster Innovation FundMatūStoic VCUniSeed Pty Ltd.
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)Ross Buglak(VP Product Development, Co-founder)David Blockow(VP Engineering, Co-founder)
Co-investorsMain Sequence VenturesTen Eleven
Building a low-power satellite network providing global coverage for IoT devices.
Provides occupational and speech therapy services to children with developmental challenges.
Kindship offers an online community, resources, and support services for families raising children with disabilities, neurodivergence, and developmental delays, including help navigating therapies and NDIS decisions.
ConsumerDigital HealthSocial
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-investorsOneVentures
Myriota provides satellite connectivity infrastructure for IoT devices, enabling partners to develop solutions across industries.
AgTechHardwareIoTSpace Tech
Dr David Haley(CTO & Co-Founder)
Co-investorsBoeing HorizonX VenturesIn-Q-TelInterValley VenturesMain Sequence VenturesRight Click CapitalVenture Catalyst Space
Seonix Bio provides genetic risk score testing services for glaucoma and age-related macular degeneration (AMD), using a saliva-based test to predict a patient's disease risk.
BiotechDigital HealthHealthtech
Portfolio news
latest coverage across their companiesMyriota · natlawreview.com · Jun 30, 2026
Ferronova · ferronova.com.au · Dec 17, 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 Main Sequence Ventures, In-Q-Tel, OneVentures, among 11 tracked co-investors.
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