Funded Startups in South Australia
Among the 29 most recent South Australia entries, Fleet Space Technologies’ $100M Series D on 2024-12-11 is the clear outlier on disclosed deal size: the n…
Among the 29 most recent South Australia entries, Fleet Space Technologies’ $100M Series D on 2024-12-11 is the clear outlier on disclosed deal size: the next-largest disclosed rounds are $175M (LMS ENERGY, 2023-09-20) and $100M (Waste Connections, $500M on 2022-03-02 is larger, making the absolute largest $500M). Aside from those two, most disclosed rounds cluster between ~$500K and ~$32M, with several smaller checks such as ValAi’s $100K (2025-10-01) and Openly Australia’s $100K (2021-08-24).
The list concentrates heavily in Adelaide-area locations: Adelaide appears for QuantX Labs (2026-06-03), tday (2026-06-02), Resolution Minerals (2026-04-22), and others, while Norwood (Beem, 2025-02-26), Unley (LMS ENERGY, 2023-09-20), and Altona (Vanadium Resources, 2026-05-04) supplement it. Stage and disclosure are also skewed: 13/29 entries are “Series Unknown” and 2/29 are “undisclosed,” and the temporal span runs from 2026-06-03 (QuantX Labs) back to 2021-05-20 (Framework).
Most recent rounds
29 shownRelated listings
Frequently asked
What’s the largest disclosed round in South Australia in this list, and how does it compare to the rest?
The largest disclosed amount is Waste Connections’ $500M “Post-IPO Debt” on 2022-03-02. The next-highest disclosed rounds shown are $175M (LMS ENERGY, 2023-09-20) and $100M (Fleet Space Technologies, 2024-12-11; Waste Connections also has $500M as the top), so $500M materially dwarfs the disclosed amounts below it.
Which entries look like size outliers on the low end?
The smallest disclosed amounts shown are $100K: ValAi ($100K, 2025-10-01) and Openly Australia ($100K, 2021-08-24). These are far below the large disclosed checks like Waste Connections’ $500M (2022-03-02) and also below many mid-range rounds such as Splose’s $32M (2026-02-08) and Myriota’s $31M (2024-12-19).
Are rounds clustered in a narrow recent time window, or spread across years?
The 29 rows span 2021-05-20 (Framework) through 2026-06-03 (QuantX Labs), so they’re spread across multiple years rather than a single quarter. In the most recent cluster, multiple rounds fall in 2026: QuantX Labs ($5M, 2026-06-03), tday ($500K, 2026-06-02), and Vanadium Resources ($720K, 2026-05-04), followed by Resolution Minerals ($14M, 2026-04-22) and BiomeBank ($11M, 2026-04-17).
Which geographic pattern stands out across the listed companies?
Adelaide dominates the location field across the newest entries (e.g., QuantX Labs on 2026-06-03; Resolution Minerals on 2026-04-22; Splose on 2026-02-08), with nearby municipalities appearing as supplements like Unley (LMS ENERGY on 2023-09-20; Andromeda Metals on 2025-05-11) and Norwood (Beem on 2025-02-26).
How does the disclosure/stage mix affect deal-size comparisons here?
A large share of rows don’t let deal-size ranking be fully precise: 13/29 are labeled “Series Unknown,” and 2/29 are “undisclosed” (Beem 2025-02-26; EBottli 2024-06-18; plus Migrova 2023-09-01 is also “undisclosed”). Because of that, comparisons of the largest and smallest disclosed amounts should be interpreted only among the disclosed $ values (e.g., Waste Connections $500M vs. $100K rounds).
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