Grok Ventures, the private investment fund of Atlassian cofounder Mike Cannon-Brookes, has named global asset management executive Tan Kueh as CEO, joining chief investment officer Jeremy Kwong-Law. Cannon-Brookes said that Grok is entering a new phase of growth, having refined its investment strategy to make a bigger impact on addressing the global climate challenge. “Having… Read more »
A renewable energy software startup to emerge out of the Startmate program has raised $500,000 in its first external round. Power systems engineers Jarman Stephens and Damien Vermeer cofounded gridmo earlier this year to fast track renewable energy grid connection studies. It was built to MVP in Startmate’s summer 23 cohort. The raise was led by the… Read more »
Atlassian cofounder and renewables advocate Mike Cannon-Brookes has backed a new fund to finance grid-scale battery projects via his family fund, Grok Ventures. Canberra-based specialist fund manager Infradebt announced that Grok, JANA Diversified Infrastructure Trust and several existing family office clients had participated in the first close of its Infradebt Energy Transition Fund (ETF). The… Read more »
Atlassian co-founder Mike Cannon-Brookes has backed renewables funding firm Infradebt with $200 million from his private family VC firm Grok Ventures. The funding announcement emerged less than 48 hours after Cannon-Brookes had a $5 billion takeover offer for energy supplier AGL rejected as undervaluing the business by the company’s board. Infradebt is a specialist infrastructure project finance… Read more »
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Western Australia launches $150 million startup investment program, backing 7 VCs with $45m 
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