# National Reconstruction Fund Corporation: portfolio, investments and team > National Reconstruction Fund Corporation is a government based in Australia. 8 investments on record, 7 in the last 12 months, latest Nov 2026. Source: https://millionrounds.com/fund/national-reconstruction-fund-corporation (Millionrounds; every figure on the page links to its filing or article) Australia · [Investor](https://millionrounds.com/investors) # National Reconstruction Fund Corporation Last cheque observed Nov 2026; 8 cheques on record. Email Government Deploying now Debt Series C Series A Government Administration Follow National Reconstruction Fund Corporation and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fnational-reconstruction-fund-corporation) Deploying now **100%** of best year **7** **cheques in 12 months**, 8 on record Since the last cheque **1** days **00** hrs **00** min **00** sec Median round **$126M** Rounds led **1 of 8** Sole investor **1 rounds** Mostly in **Australia, 88%** Pitch National Reconstruction Fund Corporation ## National Reconstruction Fund Corporation highlights - 01 7 cheques in the last 12 months - 02 Mostly Debt and Series C: 71% of its rounds - 03 Sole investor in 1 rounds, median $245M ## What they do - **Type:** Government (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Government Administration - **Based in:** Canberra, Australia - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **8 appearances** - **2026** 6 rounds - **Nov** **[Donald Mineral Sands](https://millionrounds.com/company/donald-mineral-sands)** AU · Google News search **$180M** With 1 other - **Oct** **[Astron Limited](https://millionrounds.com/company/astron-limited)** Debt · AU · Google News search **$126M** With 2 others - **Oct** **[Energy Fuels Inc.](https://millionrounds.com/company/energy-fuels-inc)** Debt · US · PR Newswire: financing agreements **$126M** With 1 other - **Oct** **[Austal](https://millionrounds.com/company/austal)** Debt · AU · Google News search **$245M** Sole investor - **Sept** **[HEO Robotics](https://millionrounds.com/company/heo-robotics)** Series B · AU · Startup Daily **$25M** With 4 others - **Mar** **[Advanced Navigation](https://millionrounds.com/company/advanced-navigation)** Series C · AU · Startup Daily **$158M** With 4 others - **2025** 2 rounds - **Nov** **[Hypersonix Launch Systems](https://millionrounds.com/company/hypersonix-launch-systems)** Series A · AU · TechStartups **$46M** With 4 others - **May** **[PolyActiva](https://millionrounds.com/company/polyactiva)** Series C · AU · Startup Daily **$26M** *Led* 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 cheque Debt Series C Series A Median round joined **$126M** the round, not its cheque Alone, median **$245M** Led 1 of 8 rounds **13%** - **Sole investor:** 1 rounds - **Last cheque:** Nov 2026 Rounds by stage said on their site - Debt *3* - Series C *2* - Series A *1* - Series B *1* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Export Finance Australia](https://millionrounds.com/fund/export-finance-australia) 3 - [Airtree Ventures](https://millionrounds.com/fund/airtree) 2 **Pitching National Reconstruction Fund Corporation?** 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 National Reconstruction Fund Corporation. A count of rooms they were both in, not a relationship either has claimed. [**Export Finance Australia** Investment firm **3** rounds together](https://millionrounds.com/fund/export-finance-australia)[**Airtree Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/airtree) ## Recently backed The latest companies National Reconstruction Fund Corporation put money into. [**Austal** $245M · Oct 2026](https://millionrounds.com/company/austal)[**Advanced Navigation** $158M · Mar 2026](https://millionrounds.com/company/advanced-navigation)[**Hypersonix Launch Systems** $46M · Nov 2025](https://millionrounds.com/company/hypersonix-launch-systems)[**PolyActiva** $26M · May 2025](https://millionrounds.com/company/polyactiva) ## Quick answers about National Reconstruction Fund Corporation ### What does National Reconstruction Fund Corporation invest in? National Reconstruction Fund Corporation invests most often at Debt and Series C (71% of the rounds on record), in sectors such as Government Administration. ### How active is National Reconstruction Fund Corporation? 8 investments on record, 7 of them in the last 12 months, and it led 1. The most recent was in Nov 2026. ### What has National Reconstruction Fund Corporation invested in recently? Its most recent investments on record: Donald Mineral Sands (Undisclosed round, Nov 2026), Astron Limited (Debt, Oct 2026) and Energy Fuels Inc. (Debt, Oct 2026). ### How big are National Reconstruction Fund Corporation's cheques? The median round it joins is $126M. ### Does National Reconstruction Fund Corporation lead rounds? Sometimes: it led 1 of its 8 investments on record (13%). ### Where does National Reconstruction Fund Corporation invest? Most of the companies it backs are in Australia (88%) and the United States (13%). ### Is National Reconstruction Fund Corporation investing now? Yes: it is actively investing, with 7 investments in the last 12 months. ### Who does National Reconstruction Fund Corporation invest alongside? Most often Export Finance Australia (3 rounds together) and Airtree Ventures (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. 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