Tag: NRF

NRF takes $20m stake in Aussie quantum firm Diraq

Posted on   |  by Justin Hendry
Australian quantum startup Diraq has landed a $20 million federal government investment as it competes with tech giants worldwide to build a commercially useful quantum computer in the next...

NRF takes $75m stake in Qld Alumina producer

Posted on   |  by Joseph Brookes
Taxpayers have a $75 million equity stake in Gladstone alumina maker Alpha HPA after the National Reconstruction Fund made the cornerstone commitment in a $225 million raise on Thursday....

NRF piles into driverless vehicle maker’s US$40m Series B

Posted on   |  by Joseph Brookes
Labor’s National Reconstruction Fund on Wednesday poured in more than half of a US$40 million Series B for Melbourne manufacturer Applied EV to bring its driverless vehicles to market....

Deal surge underway as NRF chases $1.5bn target

Posted on   |  by Justin Hendry
Australia’s $15 billion sovereign investment fund is working through more than 50 investment proposals as it chases an ambitious investment target set by the federal government. The fund was...

Super funds, NRF rocket Gilmour Space to unicorn status

Posted on   |  by Justin Hendry
Gold Coast rocket startup Gilmour Space has blasted through a $1 billion valuation after raising $217 million from an all-Australian group of investors led by the National Reconstruction Fund...

Private capital is the key to Australia’s innovation gains

Posted on   |  by Alex Hawke
In Australian politics, we talk a lot about innovation. But too often, we forget what actually drives it: private sector capital. As economist Joseph Schumpeter wrote, “the capitalist engine...

Defence manufacturer ASDAM secures $150m NRF loan

Posted on   |  by Trish Everingham
The federal government’s $15 billion industry fund has made its biggest defence bet yet, approving a $150 million loan to Australia’s leading F-35 Joint Strike Fighter Program supplier. The...

NRF backs brain tech startup Synchron in $305m Series D

Posted on   |  by Justin Hendry
The National Reconstruction Fund has taken a $54 million stake in Synchron, the Melbourne-founded startup developing a non-invasive brain-computer interface that rivals Elon Musk’s Neuralink, as part of a...