Ellerston Capital

Growth or private equity

·

Sydney

About

Ellerston Capital is a Sydney-based investment manager best known for listed equities that also backs private technology companies through Ellerston Ventures and its JAADE fund. JAADE targets Australian companies with revenue above $10 million, growth of at least 20% and a sale or IPO in view. Its recent deals span climate and energy, AI infrastructure and business software. Recent investments include Bodd, Firmus and SwitchDin.

Written and verified by Cut Through Venture.

October 20, 2026

Stage focus

Series A

Series B

Series C+

Sector focus

Horizontal business software

Vertical business software

Life sciences and biotech

Fintech

Cybersecurity, compliance and digital identity

Marketplace

Healthtech

Consumer tech

Hardware, robotics and sensors

Climate and energy

AI models and data infrastructure

At a glance

Fund type

Growth or private equity

Headquarters

Sydney

Primary stage

Series A

Example portfolio companies

Bodd Firmus SwitchDin Allume Energy EcoJoule Energy

Source, Cut Through Venture deal tracker.

More active Australian investors

UniSuper

Melbourne

UniSuper is a Melbourne-based super fund whose startup exposure runs mainly through a $100 million commitment to university venture fund Uniseed, plus rights to co-invest alongside it in later rounds. Its co-investments span deep tech hardware, life sciences and fintech, mostly at Series B and later. Recent investments include Diraq, Morse Micro and Kinoxis Therapeutics.

View profile

Salter Brothers

Melbourne

Salter Brothers is a Melbourne-based alternative investment manager with more than $5.4 billion across property, private equity and credit. Its wholesale Tech Fund backs private and listed Australian and New Zealand technology companies, mostly profitable growth and pre-IPO businesses, at Series A and later. Recent investments include EngageRM, Superhero and Marketboomer.

View profile

QIC Ventures

Brisbane

QIC Ventures is the direct venture investing arm of QIC, the Brisbane-based investment manager owned by the Queensland Government. It invests from pre-seed to Series C+ and has backed more than 80 companies since 2016, while QIC also runs the Queensland Venture Capital Development Fund, which backs other venture funds. Recent investments include Nbryo, Emesent and Gilmour Space Technologies.

View profile

Hostplus

Melbourne

Hostplus is a Melbourne-based industry super fund with more than $3 billion in venture capital, investing mostly through venture managers and co-investments at Series A and later. It has committed $435 million to the IP Group Hostplus Innovation Fund for university deep tech, and its investments span space and defence, hardware, life sciences and climate. Recent investments include Emesent, Diraq and Gilmour Space Technologies.

View profile

Find more active investors

Browse the full list of Australian startup investors, or filter by stage and sector to find the right fit.

Browse the full investor database

Read the latest Australian startup funding report