# Mandalay Ventures: portfolio, investments and team > Mandalay Ventures is a vc firm based in Australia. 3 investments on record, latest Nov 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/mandalay-venture-partners (Millionrounds; every figure on the page links to its filing or article) Australia · [Investor](https://millionrounds.com/investors) # Mandalay Ventures Last cheque observed Nov 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email VC firm Quiet Seed Series A Series B Foods Agriculture-tech Ag-tech Follow Mandalay Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fmandalay-venture-partners) Cheques on record **0%** of best year **0** **cheques in 12 months**, 3 on record Since the last cheque **366** days **00** hrs **00** min **00** sec Median round **$1.7M** Cheque size, as they say **$100K – $1.0M** Rounds led **1 of 3** Pitch Mandalay Ventures ## Mandalay Ventures highlights - 01 3 rounds on record - 02 Mostly Seed and Pre-seed: 100% of its rounds - 03 Led 1 rounds ## What they do > Mandalay is a Seed to Series-A VC firm focused on investing in agrifood tech. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $100K – $1.0M as they say - **Stages:** Seed Series A Series B - **Sectors:** Foods Agriculture-tech Ag-tech - **Based in:** Kelvin Grove, Australia - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **3 appearances** - **2025** 3 rounds - **Nov** **[Nbryo](https://millionrounds.com/company/nbryo)** Seed · AU · Startup Daily **Undisclosed** With 4 others - **Sept** **[Harvest B](https://millionrounds.com/company/harvest-b)** Pre-seed · AU · Startup Daily **$2.3M** *Led* - **Apr** **[Gaia Project Australia](https://millionrounds.com/company/gaia-project-australia)** Seed · AU · Startup Daily **$1.0M** 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. ## What they claim to have backed From their own portfolio page (on their website) **5** of 7 we have independently watched raise [Agscent](https://millionrounds.com/company/agscent)[Cropify](https://millionrounds.com/company/cropify)[Harvestb](https://millionrounds.com/company/harvest-b)[Nbryo](https://millionrounds.com/company/nbryo)[Restoke](https://millionrounds.com/company/restoke) Fulfoods Haelen Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## The cheque Seed Series A Series B Median round joined **$1.7M** the round, not its cheque Led 1 of 3 rounds **33%** - **Said size:** $100K – $1.0M - **Sole investor:** Never alone - **Last cheque:** Nov 2025 Rounds by stage said on their site - Seed said *2* - Pre-seed *1* - Series A said *-* - Series B said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Breakthrough Victoria](https://millionrounds.com/fund/breakthrough-victoria) 2 **Pitching Mandalay Ventures?** 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 *→* ## Who they invest alongside The investors most often in the same rounds as Mandalay Ventures. A count of rooms they were both in, not a relationship either has claimed. [**Breakthrough Victoria** VC firm **2** rounds together](https://millionrounds.com/fund/breakthrough-victoria) ## Recently backed The latest companies Mandalay Ventures put money into. [**Nbryo** Nov 2025](https://millionrounds.com/company/nbryo)[**Harvest B** $2.3M · Sept 2025](https://millionrounds.com/company/harvest-b)[**Gaia Project Australia** $1.0M · Apr 2025](https://millionrounds.com/company/gaia-project-australia) ## Quick answers about Mandalay Ventures ### What does Mandalay Ventures invest in? Mandalay Ventures invests most often at Seed and Pre-seed (100% of the rounds on record), in sectors such as Foods, Agriculture-tech and Ag-tech. ### How active is Mandalay Ventures? 3 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Nov 2025. ### What has Mandalay Ventures invested in recently? Its most recent investments on record: Nbryo (Seed, Nov 2025), Harvest B (Pre-seed, Sept 2025) and Gaia Project Australia (Seed, Apr 2025). ### How big are Mandalay Ventures's cheques? The median round it joins is $1.7M. It says it writes cheques of $100K to $1.0M. ### Is Mandalay Ventures investing now? No investments in the last 12 months; the latest was in Nov 2025. ### Who does Mandalay Ventures invest alongside? Most often Breakthrough Victoria (2 rounds together). ### What kind of investor is Mandalay Ventures? Mandalay Ventures is a VC firm based in Kelvin Grove, Australia. ### When was Mandalay Ventures founded? Mandalay Ventures was founded in 2020. ## 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. 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