Seed–Growth · 11 people tracked
Investment thesis
Tenmile invests in teams addressing major unmet needs in human health, backing bold ideas with capital, expertise, and conviction to produce better health outcomes alongside strong commercial returns. The firm seeks to make Australia a global health leader by helping translate scientific breakthroughs into scalable, global solutions, bridging the gap between breakthrough research and global impact. Its team combines sector knowledge across medicine, academia, tech transfer, pharma, biotech, and investment banking to support founders. Tenmile invests from seed and beyond across six current focus areas, positioning itself as a founder-first, impact-driven partner offering more than capital.
Source: firm website, verified Aug 3, 2026.
Team · 11 people
from the firm's websiteFounder mafia
3 people who came through Tenmile went on to found or lead other companies.
What they invest in
from 26 of 38 portfolio companiesBiotech ×18Healthtech ×13Medical Devices ×12AI & Machine Learning ×9Digital Health ×7Deep Tech ×5Mental Health ×2SaaS ×2
HQs:Australia×4United States×4
Who they back
founder profiles across 11 portfolio companiesFounding team size:solo founder×42 founders×63 founders×1
Accelerator rootsportfolio companies that came through a program
Investments · 38 tracked
founders shown can be your intro pathBy year:2026 · 12024 · 22022 · 14 dated
Aravax is a clinical-stage biotechnology company developing next-generation immunotherapies to treat food allergies.
BiotechHealthtechMedical DevicesMelbourne, AU
Sara Prickett(Co-founder)
Co-investorsNovartis Venture FundBreakthrough VictoriaUniSeed Pty Ltd.
Revagenix is a precision-therapeutics company that develops drugs for serious chronic diseases, starting from the underlying biology and unmet clinical needs.
BiotechDeep TechHealthtechMedical Devices
Ryan Cirz(Co-founder & CEO)Andrew McCandlish(Co-founder & COO)Peter Smith(Chief Scientific Officer)Daniel Cloutier(VP, Development)
Co-investorsNovo Holdings
AdvanCell is a clinical-stage radiopharmaceutical company developing a pipeline of targeted alpha therapies for the treatment of cancers including prostate, melanoma, ovarian, breast, and lung.
BiotechHealthtechMedical DevicesCambridge, US
Andrew Adamovich(Director)Philina Lee(Executive Officer, Director)Aaron Pickett(Executive Officer)
BoardWing Cheong Lam(Director)Nik Economopoulos(Director)Anthony Aiudi(Director)
Co-investorsBain Capital Life SciencesCatalio Capital Management, LPProto AxiomSV Health InvestorsAbingworthAlly Bridge Group+2 more
Amaroq Therapeutics develops first-in-class therapies targeting long non-coding RNAs (lncRNAs) implicated in oncology and other diseases.
Biotech
Co-investorsBooster Innovation FundCure Kids Ventures
Antares Therapeutics discovers and develops precision medicines, with a focus on small molecule therapies targeting previously undruggable oncology targets and other serious diseases.
AI & Machine LearningBiotechMedical DevicesCambridge, US
Adam Friedman(Chief Executive Officer)inAndrew Fedder(Executive Officer, Director)inBrian Piper(Executive Officer, Director)
Co-investorsAtlas VentureLightspeed Venture PartnersVida VenturesOmega FundsAbingworthBiotechnology Value Fund
AusBiotech is a membership and advocacy organization representing Australia's life sciences ecosystem, including early-stage discovery, development, commercialization, and manufacturing organizations.
BiotechMedical DevicesBrisbane, AU
Carina Biotech develops cell and gene therapy treatments, with ongoing Phase 1/2a clinical trials and research in CAR-TCR technology.
Biotech
Creyon develops cell-specific therapeutics using aptamer-delivered oligonucleotides and other payloads (lipid nanoparticles, nucleic acids) for immune-driven diseases, CNS conditions, and genetic disorders.
AI & Machine LearningBiotech
Co-investorsLux Capital
Creyon develops cell-specific therapeutics using aptamer-delivered oligonucleotides, engineering aptamers to deliver therapeutic payloads to immune cells and across the blood-brain barrier for immune-driven and CNS diseases, plus a splice-switching oligonucleotide program for late-onset Pompe disease.
AI & Machine LearningBiotechDeep Tech
Co-investorsBioBritDCVC (Data Collective)DCVC Bio
Commercial manufacturer of bilateral weight-bearing tomography scanners for orthopaedics.
BiotechMelbourne
Gregory Brown(Director)Ura Phillip Stephen Auckland(Company Secretary)David Seeman(Director)Waradana Malitha Hashan De Silva(Director)Robert Lilley(Director)
CurveBeam AI develops cone beam CT point-of-care medical imaging systems and deep learning software for bone and joint analysis, aiding orthopedic surgeons with 3D deformity measurements and bone microstructure analysis.
AI & Machine LearningHealthtechMedical Devices
Clinical services company collecting patient data and developing novel drug and care models, including MDMA-assisted treatment for PTSD.
Luma provides a platform for creating event pages, sending invitations, and selling tickets for events.
SaaS
Victor Pontis(Founder)in
Co-investorsAllen Institute for AI (AI2) IncubatorAmplify PartnersBerkley Center for EntrepreneurshipBethnal Green VenturesCedar CapitalEIT Urban Mobility Accelerator+13 more
Inventia Life Science provides advanced 3D cell culture platforms and reproducible 3D cell models for drug discovery, cancer research, and toxicology assessment.
AI & Machine LearningBiotechMedical Devices
Co-investorsMain Sequence VenturesVU Venture Partners
LimmaTech Biologics develops vaccines targeting antimicrobial-resistant pathogens using a proprietary self-adjuvanting, multi-antigen vaccine platform along with disease-specific approaches.
BiotechHealthtech
Co-investorsAdjuvant CapitalAndera Partners
Lumos Diagnostics develops rapid, cost-effective point-of-care diagnostic tests and digital reader platforms for healthcare professionals to assess and manage medical conditions.
BiotechHealthtechMedical Devices
Doug Ward(CEO)Paul Kase(Chief Commercial Officer)
Mindset Health develops digital health programs using hypnotherapy and mind-body medicine to help patients manage gastrointestinal disorders and improve health outcomes.
Digital HealthHealthtechMedical DevicesMental HealthWellness & FitnessMelbourne, AU
Alex Naoumidis(Co-founder & Co-CEO)inChris Naoumidis(Founder)in
Co-investorsAlberts Impact VenturesFifty YearsKing River CapitalPerennial PartnersY CombinatorBanana Capital+1 more
Oncko develops machine learning and experimental platforms to discover optimized multi-drug cancer treatment combinations by screening against resistance mechanisms.
AI & Machine LearningBiotechDeep Tech
Atray Dixit(Co-founder, CEO)inBill Grossman(Co-founder, Strategic Advisor)in
Co-investorsAdverb VenturesIllumina Ventures
Perx provides a digital care management platform for medically complex and high-risk members to improve treatment adherence and health outcomes.
Digital HealthHealthtechSaaS
Co-investorsAirTree VenturesTractor VenturesWildwood Ventures
SpeeDx provides multiplexing technology platforms and diagnostic assays for detecting infectious disease pathogens, including customized solutions for respiratory infections, sexually transmitted infections, gastrointestinal illness, and antimicrobial resistance markers.
BiotechMedical Devices
Proton Intelligence develops CKM™, a continuous monitoring medical device drawing on biosensing and minimally invasive microdevice technology for clinical use.
Deep TechDigital HealthHealthtechMedical Devices
Co-investors15th RockAIN VenturesLongeVC
Developing next-generation cell surface degraders to target previously undruggable proteins in autoimmune conditions and cancers.
Developing a drug to remyelinate neurons in multiple sclerosis patients.
Co-investorsBooster Innovation FundMatū
Halle Tecco(Founder)Bill Evans(Founder)in
Co-investorsFlare Capital PartnersKaiser Permanente VenturesNew Enterprise Associates (NEA)Rock Health CapitalSteelSky VenturesStorm Ventures
SpeeDx develops multiplexed molecular diagnostic tests and research assays using its proprietary multiplexing technologies, covering areas such as sexually transmitted infections, respiratory pathogens, and enteric illness along with antimicrobial resistance markers.
BiotechHealthtechMedical Devices
Sweetch provides a patient-engagement platform that delivers personalized recommendations to help people with chronic conditions adhere to their treatment programs, covering medication adherence, physical activity, nutrition, sleep, and remote patient monitoring.
AI & Machine LearningDigital HealthHealthtech
Co-investorsEntrée CapitalLionBirdPontifax Venture CapitalTal VenturesOurCrowd
Clinical-stage neuroscience company developing ketamine-inspired compounds for depression without hallucinogenic effects.
Syndeio Biosciences is a synapse-focused biotech developing precision neurotherapeutics for neuropsychiatric, mental health, and cognitive disorders such as depression and Alzheimer's.
AI & Machine LearningBiotechDigital Health
Co-investorsEvolution VC PartnersCatalio Capital ManagementPalo Santo
Venture fund investing seed to pre-IPO in companies from the University of Melbourne ecosystem, focused on life and physical sciences.
Verge Labs builds AI models trained on multimodal human patient data to predict drug targets and patient populations for clinical development, primarily in neuroscience and central nervous system (CNS) disease.
AI & Machine LearningBiotechDeep TechDigital HealthHealthtechSan Francisco, US
Alice Zhang(Founder/CEO)inJason Chen(Cofounder)Emily Ripka(Head of Product & Engineering)
Co-investorsBOLD LongevityDraper AssociatesFitz Gate VenturesGreat Oaks Venture CapitalKarlin VenturesLifeforce Capital+5 more
Manufacturer of 5HT2A small molecules for mental health disorders using a computational approach.
Portfolio news
latest coverage across their companies
AdvanCell · alleywatch.com · Aug 13, 2026

Events · techcrunch.com · Jul 14, 2026
Verge Genomics · science.org · Dec 17, 2025
Syndeio Biosciences · cen.acs.org · Nov 10, 2025
Sweetch · aquatechtrade.com · Oct 19, 2025
Antares Therapeutics · lsvp.com · Jun 12, 2025
Frequently asked questions
- How many investments has Tenmile made?
- Tenmile has 40 tracked investments, including 1 dated in the last 24 months.
- What stage does Tenmile invest at?
- Tenmile invests at the Seed, Series A, Series B, Series C, Growth stages.
- What sectors does Tenmile focus on?
- Tenmile focuses on Biotech, Digital Health, Healthtech, Impact & Social Good, Longevity, Medical Devices, Wellness & Fitness.
- Who does Tenmile co-invest with?
- Tenmile most often shares deals with Booster Innovation Fund, Y Combinator, AirTree Ventures, among 68 tracked co-investors.
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