# Investec: portfolio, investments and team > Investec is a vc firm based in Australia. 12 investments on record, 2 in the last 12 months, latest Aug 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/investec-emerging-companies (Millionrounds; every figure on the page links to its filing or article) Australia · [Investor](https://millionrounds.com/investors) # Investec Last cheque observed Aug 2026; 12 cheques on record. Deploying now New fund $87M, Jan 2026 VC firm Debt Venture Series A Medical Pharmaceutical Banking Deploying now **100%** of best year **2** **cheques in 12 months**, 12 on record Since the last cheque **70** days **00** hrs **00** min **00** sec Median round **$105M** Rounds led **1 of 12** Sole investor **2 rounds** Exits **2 from the portfolio** Mostly in **United States, 50%** Pitch Investec ## Investec highlights - 01 2 cheques in the last 12 months - 02 Mostly Debt and Venture: 60% of its rounds - 03 Sole investor in 2 rounds, median $12M - 04 2 exits from the portfolio ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** From $2.0M as they say - **Sectors:** Medical Pharmaceutical Banking - **Based in:** London, Australia - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **12 appearances** - **2026** 2 rounds - **Aug** **[Flexential](https://millionrounds.com/company/flexential)** Debt · US · Ventureburn **$800M** With 10 others - **May** **[Spearmint Energy](https://millionrounds.com/company/spearmint-energy)** Debt · US · Ventureburn **$450M** *Led* - **2019** 1 round - **Jul** **[Fusion Factory](https://millionrounds.com/company/fusion-factory)** AU · Afr **$2.8M** Sole investor - **2017** 1 round - **Oct** **[Openpay](https://millionrounds.com/company/openpay)** AU · Businessinsider **$10M** With 2 others - **2016** 1 round - **Dec** **[Spruce Finance](https://millionrounds.com/company/spruce-finance)** Debt · US · FinSMEs **$105M** With 1 other - **2015** 1 round - **Apr** **[TERMINALFOUR](https://millionrounds.com/company/terminalfour)** Venture · IE **$1.1M** With 1 other - **2014** 1 round - **Apr** **[Nujira](https://millionrounds.com/company/nujira)** Venture · GB **$20M** With 6 others - **2013** 1 round - **Oct** **[Fenergo](https://millionrounds.com/company/fenergo)** Growth · IE · finsmes.com **$5.1M** With 1 other - **2008** 1 round - **Jun** **[Telinet](https://millionrounds.com/company/telinet)** Venture · GB · telinet.co.uk **$22M** Sole investor - **2007** 3 rounds - **Dec** **[E-Band Communications](https://millionrounds.com/company/e-band-communications)** Series B · US **$10M** With 4 others - **Sept** **[CPower](https://millionrounds.com/company/cpower)** Series A · US · cpowered.com **$17M** With 4 others - **Apr** **[Proximetry](https://millionrounds.com/company/proximetry)** Series A · US · proximetry.com **$5.0M** With 3 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **5 named** DT **Dana Troetel** Director of Investec Asset Management North America, Inc., managing member of the Fund. i Filing they signed MK **Martin Keith Slade** Company Secretary of Managing Member i Filing they signed RG **Richard Garland** Managing Director of Managing Member i Filing they signed SP **Steve Paddon** Managing Director of Managing Member i Filing they signed SW **Steven W. Paddon** Managing Director of Managing Member i Filing they signed We also hold **21** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$270M** gross assets of its funds Oct 2026 **1+** funds on file numbered funds in its name **Exempt** reporting adviser venture or small private funds - **Legal name:** Investec Alternative Investment Management Limited - **SEC number:** CRD 339589 ## Exits from the portfolio Companies it backed that were later bought or listed **2 in all** **[Telinet](https://millionrounds.com/company/telinet)** Bought by Daisy Group **Undisclosed** Apr 2011 **[CPower](https://millionrounds.com/company/cpower)** Bought by [Constellation Energy](https://millionrounds.com/fund/constellation-energy) **$78M** Sept 2010 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$87M** raised in Jan 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Debt Venture Series A Median round joined **$105M** the round, not its cheque Alone, median **$12M** Led 1 of 12 rounds **8%** - **Said size:** From $2.0M - **Sole investor:** 2 rounds - **Last cheque:** Aug 2026 - **Exits:** 2 from the portfolio Rounds by stage said on their site - Debt *3* - Venture *3* - Series A *2* - Growth *1* - Series B *1* Cheques by month Led Joined Nov 2023 Oct 2026 **Pitching Investec?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Investec put money into. [**Flexential** $800M · Aug 2026](https://millionrounds.com/company/flexential)[**Spearmint Energy** $450M · May 2026](https://millionrounds.com/company/spearmint-energy)[**Spruce Finance** $105M · Dec 2016](https://millionrounds.com/company/spruce-finance) ## Quick answers about Investec ### What does Investec invest in? Investec invests most often at Debt and Venture (60% of the rounds on record), in sectors such as Medical, Pharmaceutical and Banking. ### How active is Investec? 12 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in Aug 2026. ### What has Investec invested in recently? Its most recent investments on record: Flexential (Debt, Aug 2026), Spearmint Energy (Debt, May 2026) and Fusion Factory (Undisclosed round, Jul 2019). ### How big are Investec's cheques? The median round it joins is $105M. ### Does Investec lead rounds? Sometimes: it led 1 of its 12 investments on record (8%). ### Where does Investec invest? Most of the companies it backs are in the United States (50%), Australia (17%) and Ireland (17%). ### Is Investec investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### What kind of investor is Investec? Investec is a VC firm based in London, Australia. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=investec-emerging-companies) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=investec-emerging-companies)