# National Reconstruction Fund Corporation

> National Reconstruction Fund Corporation is a VC fund backing Quantum Computing. See 25 investments, check sizes, portfolio and contact details. Updated Aug…

- Type: VC Fund
- Total investments: 25
- Last investment: Jul 2026
- Lead investor: 68%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/national-reconstruction-fund-corporation
- Website: https://x.com/NRFCGovAu?mx=2

National Reconstruction Fund Corporation is a VC fund focused on Quantum Computing and Software. The National Reconstruction Fund Corporation (NRFC) is a business federal body established by the Australian government under the National Reconstruction Fund Corporation Act 2023.

## Contacts

5 contacts available for National Reconstruction Fund Corporation. Shizune tracks 2 team members at National Reconstruction Fund Corporation. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/national-reconstruction-fund-corporation?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $14M–$30M |
| Series C | $20M–$112M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Quantum Computing | 3 | 12% |
| Software | 2 | 8% |
| Electronics | 2 | 8% |
| Semiconductor | 2 | 8% |
| Internet of Things | 2 | 8% |

18 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 3 | 12% |
| Series A | 2 | 8% |
| Funding Round | 2 | 8% |
| Series E | 1 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| David Gall | Chief Executive Officer | 6 | https://shizune.co/investors/profile/david-gall |
| Mary Manning | CIO | 4 | https://shizune.co/investors/profile/mary-manning-426f |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Emesent | Emesent is a venture-backed technology company that automates the collection and analysis of critical data in challenging underground environments. Our flagship product is the award-winning Hovermap; a LiDAR-mapping and autonomy payload for industrial drones. Hovermap allows drones to fly and map in GPS-denied environments such as undergroundmines.Through Hovermap and other solutions, we deliver revolutionary efficiency, safety and operational insights to underground mines and other GPS-denied environments. Our growing team of experienced roboticists and engineers are dedicated to creating cutting-edge drone autonomy and data analytics for industrial applications. | $6.9M | Debt Financing | Jul 02, 2026 |  |
| Southern Launch | Southern Launch is an aerospace company that provides infrastructure, guidance, and logistics support for satellites and space launches. | $25M | Series A | Jun 30, 2026 |  |
| Liquid Instruments | Liquid Instruments develops software-defined test and measurement systems that enable engineers and scientists to perform complex experiments and signal analysis using a single, reconfigurable hardware platform. The company’s core offering is the Moku product line, which integrates multiple laboratory instruments, such as oscilloscopes, spectrumanalyzers, waveform generators, and lock-in amplifiers, into one device that can be configured and updated through software. Its platform is built on field-programmable gate arrays, allowing users to dynamically switch between instrument functions or combine multiple tools within the same system depending on testing requirements. This approach replaces traditional setups that rely on multiple standalone instruments, reducing equipment complexity, cost, and physical space while enabling customized configurations for different applications. | $50M | Series C | Apr 28, 2026 |  |
| Silicon Quantum Computing | To advance the development and commercialisation. | $13.9M | Venture - Series Unknown | Mar 24, 2026 |  |
| Syenta | Enabling the transition to 2.5D and 3D chiplet stacking and increasing the performance of semiconductor chips to meet the growing demand. | $25.9M | Series A | Mar 23, 2026 |  |
| Advanced Navigation | Advanced Navigation is a privately owned Australian company that specializes in the development of navigation technologies and robotics. The company has a focus on generating products of the highest quality standard, both in terms of hardware and software. The company's founders came from a background in mission critical robotics built tomilitary specifications and this can be seen through Advanced Navigation's products. Advanced Navigation's engineers have specialized expertise across a broad range of fields including sensors, GNSS, inertial navigation, RF technologies, acoustics, robotics, AI, and algorithms. | $111.9M | Series C | Mar 17, 2026 |  |
| Diraq | Diraq uses spins in silicon quantum dots as qubits. Diraq's qubits are compatible with existing CMOS processes and can fit billions of qubits on a single chip. To transform our world, quantum computers need billions of qubits and Diraq has the IP, the team and the plan to get there. | $13.9M | Series A | Feb 02, 2026 |  |
| Applied EV | Applied EV has built a modular vehicle system for autonomous transport, based on our Blanc Robot vehicle platform. | $40M | Series B | Jan 27, 2026 |  |
| Omniscient Neurotechnology | Omniscient Neurotechnology (o8t™) is a pioneering brain mapping company that is revolutionizing brain care with data. Using innovations in medical imaging and machine learning, Omniscient builds applications capable of mapping and analyzing “brain networks” which are formed by the electrical connections within a person’s brain. Such insights areilluminating the neural processes that make us human and helping clinicians and researchers understand, diagnose, and treat complex neurological and mental illnesses. Omniscient is a leader in the field of “connectomics” – the study of the brain’s connections. It recently launched Quicktome™, the world’s first medical device to harness this vital data for neurological care, providing neurosurgeons brain network information prior to life-changing surgery. The company is headquartered in Sydney, Australia with offices globally. For more information, please visit www.o8t.com. | $13.4M | Series D | Jan 16, 2026 |  |
| Morse Micro | Morse Micro is a fast-growing wireless integrated circuit solutions company that is reinventing Wi-Fi for the Internet of Things (IoT). The company was founded by Wi-Fi pioneers and innovators, Michael De Nil and Andrew Terry, joined by the original Wi-Fi inventor Prof. Neil Weste and wireless industry veterans, whose teams designed Wi-Fi chipsinto billions of smartphones. Headquartered in Australia with offices in China and the U.S., Morse Micro’s strong and diverse system team, portfolio of IP and patents, enables Wi-Fi HaLow connectivity across the complete IoT ecosystem, from surveillance systems and access control to industrial automation and mobile devices, allowing connected devices to reach farther. www.morsemicro.com | $58.1M | Series C | Sep 22, 2025 |  |

10 of 25 investments shown.

## Co-investors
- [Main Sequence Ventures](https://shizune.co/investors/profile/main-sequence-ventures) — VC Fund, 6 deals together
- [Blackbird Ventures](https://shizune.co/investors/profile/blackbird-ventures-australia) — VC Fund, 4 deals together
- [Hostplus](https://shizune.co/investors/profile/hostplus) — VC Fund, 3 deals together
- [IQT](https://shizune.co/investors/profile/in-q-tel) — VC Fund, 3 deals together
- [InterValley Ventures](https://shizune.co/investors/profile/intervalley-ventures-pty-ltd) — VC Fund, 3 deals together
- [Wollemi Capital Group](https://shizune.co/investors/profile/wollemi-capital-group) — VC Fund, 3 deals together

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## FAQ

### What does National Reconstruction Fund Corporation invest in?

National Reconstruction Fund Corporation invests primarily in Quantum Computing, Software and Electronics startups, most often at Series C and Series A stage. Most of the 25 investments tracked by Shizune back companies in Australia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is National Reconstruction Fund Corporation's check size?

National Reconstruction Fund Corporation typically joins rounds of $14M–$30M at Series A and $20M–$112M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds National Reconstruction Fund Corporation participates in.

### How do I contact National Reconstruction Fund Corporation?

Public channels for National Reconstruction Fund Corporation include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at National Reconstruction Fund Corporation?

The team at National Reconstruction Fund Corporation includes David Gall (Chief Executive Officer) and Mary Manning (CIO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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