# Virescent Ventures: portfolio, investments and team

> Virescent Ventures is a vc firm based in Australia. 8 investments on record, 3 in the last 12 months, latest Jul 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/virescent-ventures (Millionrounds; every figure on the page links to its filing or article)

Australia · [Investor](https://millionrounds.com/investors)

# Virescent Ventures

Last cheque observed Jul 2026; 8 cheques on record.

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Deploying now New fund $100M, Oct 2024 VC firm

Series A Series B Circular Economy Waste Biodiversity

Follow Virescent Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fvirescent-ventures)

Deploying now

**50%** of best year **3** **cheques in 12 months**, 8 on record

Since the last cheque **110** days **00** hrs **00** min **00** sec

Median round **$11M** Rounds led **5 of 8** Sole investor **1 rounds** Mostly in **Australia, 88%**

Pitch Virescent Ventures

## Virescent Ventures highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Series A and Seed: 100% of its rounds
- 03 Sole investor in 1 rounds, median $4.5M

## What they do

> Virescent Ventures invests in founders, technologies, and businesses that can help achieve zero emissions and beyond. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Series A Series B
- **Sectors:** Circular Economy Waste Biodiversity
- **Based in:** Sydney, Australia
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **8 appearances**

- **2026** 2 rounds
- **Jul** **[MAKO](https://millionrounds.com/company/mako)** Series A · AU · Virescent Ventures **$19M** *Led*
- **Apr** **[DryFlow Magnetics](https://millionrounds.com/company/dryflow-magnetics)** Seed · AU · Startup Daily **$10M** With 2 others
- **2025** 5 rounds
- **Dec** **[IND Technology](https://millionrounds.com/company/ind-technology)** Seed · AU · Startup Daily **$50M** With 3 others
- **Oct** **[NRN](https://millionrounds.com/company/nrn)** Series A · AU · Virescent Ventures **$2.5M** *Led*
- **Oct** **[Amber](https://millionrounds.com/company/amber)** AU · Virescent Ventures **$4.5M** *Led*
- **Aug** **[NRN](https://millionrounds.com/company/nrn)** Series A · AU · Startup Daily **$17M** *Led*
- **Jan** **[Kwetta](https://millionrounds.com/company/kwetta)** Series A · NZ · Startup Daily **$11M** With 5 others
- **2024** 1 round
- **May** **[Xefco](https://millionrounds.com/company/xefco)** Seed · AU · Virescent Ventures **$11M** *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.

Who backs their funds

## 2 LPs on record in Virescent Ventures's funds

- **Funds:** 1

The institutions that put money into its funds, which the firm then invests in companies. Source: fund news.

- [**Westpac** 1 fund](https://millionrounds.com/fund/westpac) Fund Vintage Committed Virescent Ventures Fund II - -
- [**Clean Energy Finance Corporation** 1 fund](https://millionrounds.com/fund/clean-energy-finance-corporation) Fund Vintage Committed Virescent Ventures Fund II - -

New fund on file

**$100M**

raised in Oct 2024

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series A Series B

Median round joined **$11M** the round, not its cheque Alone, median **$4.5M**

Led 5 of 8 rounds **63%**

- **Sole investor:** 1 rounds
- **Last cheque:** Jul 2026

Rounds by stage said on their site

- Series A said *4*
- Seed *3*
- Series B said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Investible](https://millionrounds.com/fund/investible) 3
- [Ecotone Partners](https://millionrounds.com/fund/ecotone-partners) 2

**Pitching Virescent Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Virescent Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Investible** VC firm **3** rounds together](https://millionrounds.com/fund/investible)[**Ecotone Partners** VC firm **2** rounds together](https://millionrounds.com/fund/ecotone-partners)

## Recently backed

The latest companies Virescent Ventures put money into.

[**DryFlow Magnetics** $10M · Apr 2026](https://millionrounds.com/company/dryflow-magnetics)[**IND Technology** $50M · Dec 2025](https://millionrounds.com/company/ind-technology)[**Amber** $4.5M · Oct 2025](https://millionrounds.com/company/amber)[**Kwetta** $11M · Jan 2025](https://millionrounds.com/company/kwetta)[**Xefco** $11M · May 2024](https://millionrounds.com/company/xefco)

## Quick answers about Virescent Ventures

### What does Virescent Ventures invest in?

Virescent Ventures invests most often at Series A and Seed (100% of the rounds on record), in sectors such as Circular Economy, Waste and Biodiversity.

### How active is Virescent Ventures?

8 investments on record, 3 of them in the last 12 months, and it led 5. The most recent was in Jul 2026.

### What has Virescent Ventures invested in recently?

Its most recent investments on record: MAKO (Series A, Jul 2026), DryFlow Magnetics (Seed, Apr 2026) and IND Technology (Seed, Dec 2025).

### How big are Virescent Ventures's cheques?

The median round it joins is $11M.

### Does Virescent Ventures lead rounds?

Yes: it led 5 of its 8 investments on record (63%).

### Where does Virescent Ventures invest?

Most of the companies it backs are in Australia (88%) and New Zealand (13%).

### Is Virescent Ventures investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does Virescent Ventures invest alongside?

Most often Investible (3 rounds together) and Ecotone Partners (2 rounds together).

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