# Understorey Ventures

> Understorey Ventures is a VC fund in Sydney backing Software and Information Technology. See 13 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Sydney, Australia
- Total investments: 13
- Last investment: Mar 2026
- Lead investor: 23%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/understorey-ventures/about/
- Website: https://www.understorey.ventures/

Understorey Ventures is a VC fund in Sydney focused on Software and Information Technology. Understorey Ventures invests in critical solutions needed to restore planetary health.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $3M–$6M |
| Pre-Seed | $538k–$2M |
| Series A | $5.9M–$19M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 4 | 31% |
| Information Technology | 4 | 31% |
| Analytics | 3 | 23% |
| Biotechnology | 3 | 23% |
| Sustainability | 3 | 23% |

28 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 5 | 38% |
| Series A | 4 | 31% |
| Pre-Seed | 2 | 15% |
| Series B | 1 | 8% |
| Venture - Series Unknown | 1 | 8% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 6 | 46% |
| Australia | 4 | 31% |
| Philippines | 1 | 8% |
| United Kingdom | 1 | 8% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Rubi Laboratories | Rubi Laboratories develops biocatalyst solutions that manufacture carbon-negative textiles for the fashion industry. Its technology offers a natural resource for making things and directly synthesizes the threads that help clients produce viscose that is carbon-negative, water-chemical, land-neutral, traceable, and biodegradable. | $7.5M | Venture - Series Unknown | Mar 17, 2026 |  |
| SPEC Toolbox | CLT Toolbox offers sustainable design of structural materials, using software to clear through the clutter and make design simple. CLT Toolbox is building structural design software to make mass timber as easy as concrete or steel. | $3M | Seed | Jan 15, 2026 |  |
| Transition Metal Solutions | Transition Biomining is a metal ore mining technology company that offers data driven solutions for copper extraction and mining. | $6M | Seed | Jan 15, 2026 |  |
| Good Heat | Good Heat is a company dedicated to decarbonising industrial heat by designing, funding, and running thermal battery projects in conjunction with an intelligent energy management system. | $2M | Pre-Seed | Oct 17, 2025 |  |
| Cambium | Cambium Carbon is an early stage social enterprise start up focused on implementing systems-level natural climate solutions centered on reforestation and urban wood reuse. | $18.5M | Series A | Feb 24, 2025 |  |
| Dendra Systems | Dendra's vision is to empower humanity to restore the balance of our natural world. Our mission is to create the tools needed to power scalable ecosystem restoration. | $15M | Series B | May 08, 2024 |  |
| FORAY bioscience | FORAY bioscience is a biotechnology company that uses biomanufacturing techniques to produce wood products. | $3.4M | Seed | Mar 14, 2024 |  |
| Cosmic Aerospace | Cosmic Aerospace is a pioneering aerospace technology company dedicated to advancing the boundaries of propulsion systems and enabling innovative solutions for space exploration. The company collaborates with leading space agencies, research institutions, and commercial partners to design, test, and implement these groundbreaking technologies. | $4.5M | Seed | Feb 06, 2024 |  |
| HydGene Renewables | HydGene Renewables mission is to accelerate adoption of low carbon technology by providing an alternative green hydrogen solution. | $3.9M | Seed | May 31, 2023 |  |
| FLINTpro | FLINTpro develops natural capital and carbon reporting software that supports organizations throughout their sustainability journey. It simplifies the processing of large and complex data sets, applies the latest scientific and analytical models and runs advanced simulations. | $9.1M | Series A | May 18, 2023 |  |

10 of 13 investments shown.

## Co-investors
- [Pollination](https://shizune.co/investors/profile/pollination) — VC Fund, 3 deals together
- [Possible Ventures](https://shizune.co/investors/profile/possible-ventures) — VC Fund, 3 deals together
- [CP Ventures](https://shizune.co/investors/profile/cp-ventures) — VC Fund, 2 deals together
- [Investible](https://shizune.co/investors/profile/investible) — VC Fund, 2 deals together
- [Persei Venture](https://shizune.co/investors/profile/persei-venture) — VC Fund, 2 deals together
- [Revolution’s Rise of the Rest Seed Fund](https://shizune.co/investors/profile/rise-of-the-rest) — VC Fund, 2 deals together

## Similar investors

### Similar industry
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund
- [ARCH Venture Partners](https://shizune.co/investors/profile/arch-venture-partners) — VC Fund
- [OrbiMed](https://shizune.co/investors/profile/orbimed-advisors) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [Foxmont Capital Partners](https://shizune.co/investors/profile/foxmont-capital-partners) — VC Fund
- [Kaya Founders](https://shizune.co/investors/profile/kaya-founders-investment) — VC Fund
- [Buko Ventures](https://shizune.co/investors/profile/buko-ventures) — VC Fund

## Featured in investor lists
- [Energy VC Funds in Australia](https://shizune.co/investors/energy-vc-funds-australia)
- [Energy Investors in Australia](https://shizune.co/investors/energy-investors-australia)
- [Biotechnology Investors in Australia](https://shizune.co/investors/biotechnology-investors-australia)
- [Biotechnology VC Funds in Australia](https://shizune.co/investors/biotechnology-vc-funds-australia)
- [Biotech Investors in Australia](https://shizune.co/investors/biotech-investors-australia)
- [Biotech VC Funds in Australia](https://shizune.co/investors/biotech-vc-funds-australia)

## FAQ

### What does Understorey Ventures invest in?

Understorey Ventures invests primarily in Software, Information Technology and Analytics startups, most often at Seed and Series A stage. Most of the 13 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Understorey Ventures's check size?

Understorey Ventures typically joins rounds of $3M–$6M at Seed, $538k–$2M at Pre-Seed and $5.9M–$19M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Understorey Ventures participates in.

### When did Understorey Ventures last invest?

The most recent investment recorded for Understorey Ventures closed in Mar 2026. Shizune tracks 13 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co