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Investors / Australia / Main Sequence

Main Sequence

Venture capital · Australia · Asia Pacific

mseq.vcTakes pitches from founders

Main Sequence is a venture capital firm that invests in deep tech companies built on scientific research and difficult engineering. It was founded by CSIRO in 2017 to commercialise Australian publicly funded research and manages over $1 billion across its funds.

Invests inAI & Machine LearningIndustrial & Manufacturing

In its own wordsdeep techspacedecarbonisationhealthcareindustrial productivityresearch commercialisation

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64portfolio companies
20funding rounds on record7 led
13rounds, last 12 months
$5M to $20Mtypical round it comes in at
Series Amost frequent entry
ESVCLP registered with capitallatest fund2024

Main Sequence lists 64 checked portfolio companies on its own site and is named in 20 funding rounds, 7 of them as lead. Its most frequent entry is Series A, 39% of the companies with a known first round. Its largest themes are AI & Machine Learning (32%), Industrial & Manufacturing (16%) and Healthcare & Biotech (11%). 84% of its companies are based in Australia. It invests most often alongside Breakthrough Victoria, Startmate and Uniseed.

Counts come from funding rounds that name Main Sequence, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.

Round figures show recent activity, not Main Sequence's whole history. Rounds on record name 19 companies; its own site lists 64. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.

Entry stage

share of companies by the stage of its first round
Show as a table
Share of companies by the stage of the firm's first round
Value
Pre-seed6%
Seed22%
Series A39%
Series B11%
Growth22%

Activity by year

rounds it joined, last 10 years
Show as a table
Funding rounds per year
TotalRounds it led
'1700
'1800
'1900
'2000
'2100
'2200
'2310
'2400
'2561
'26136

Investor profile

percentile among all firms
Portfolio size: 63 companiesRecent activity: 13 rounds in 12 monthsEarly stage: 28% of entries at pre-seed or seedEvidence: 17% of companies confirmed by a roundSector focus: 32% in its largest sectorReach: 3 countriesPortfolio size89th pctRecent activity97th pctEarly stage61th pctEvidence89th pctSector focus57th pctReach59th pct
This firmMedian of all firms
Show as a table
Main Sequence compared with all firms
MeasurePercentile of all firmsValue
Portfolio size89th63 companies
Recent activity97th13 rounds in 12 months
Early stage61th28% of entries at pre-seed or seed
Evidence89th17% of companies confirmed by a round
Sector focus57th32% in its largest sector
Reach59th3 countries

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
AI & Machine Learning32%18%
Industrial & Manufacturing16%7%
Healthcare & Biotech11%15%
Education7%7%
Robotics & Hardware6%1%
Space & Defense6%3%
Cybersecurity6%4%
Food & Agriculture6%3%

Invests most often with

firms sharing its portfolio companies
Show as a table
Co-investors
Share
Breakthrough Victoria8
Startmate6
Uniseed6
Virescent Ventures6
DCVC4
IQT4
InterValley Ventures4
Possible Ventures4

All co-investors

Its portfolio companies

where they are based, and what their own sites show

Site status

  • Site answers64100%
  • No longer answers00%
  • Points to another company00%
  • Parked or sold domain00%

A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.

Co-investor network

who it backs companies with, and who they back together
14 shared companies12 shared companies8 shared companies5 shared companies4 shared companies4 shared companies4 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companiesBreakthrough Victoria: 8 shared companiesBreakthrough Victoria8Startmate: 6 shared companiesStartmate6Uniseed: 6 shared companiesUniseed6Virescent Ventures: 6 shared companiesVirescent Ventures6DCVC: 4 shared companiesDCVC4IQT: 4 shared companiesIQT4InterValley Ventures: 4 shared companiesInterValley Ventures4Possible Ventures: 4 shared companiesPossible Ventures4Airtree: 3 shared companiesAirtree3Blackbird: 3 shared companiesBlackbird3Flying Fox Ventures: 3 shared companiesFlying Fox Ventures3Archangel Ventures: 2 shared companiesArchangel Ventures2
Shared portfolio companies with Main SequenceFirms that also back companies together

All co-investors or Compare portfolios with Breakthrough Victoria

Compare Main Sequence head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Funds

from public registers and its site
Main Sequence Core Fund 3, LP2024 · ESVCLP registered with capital, business.gov.au
Fund 3$450M2023 · "$450 million" on its site
CSIRO Innovation Fund 2, LP2021 · ESVCLP registered with capital, business.gov.au
CSIRO Innovation Fund 1, LP2018 · ESVCLP registered with capital, business.gov.au
Fund 2$310M"$310 million" on its site
CSIRO Innovation Fund$240M"$240 million" on its site

Recent portfolio activity

when companies last raised with Main Sequence
DateCompanyStage
8 Oct 2026Universal Quantumuniversalquantum.comSeries A
22 Sept 2026Kinoxis Therapeuticskinoxistherapeutics.comSeries B Led
9 Sept 2026metacognitionai.commetacognitionai.comPre-Seed Led
26 Aug 2026facetamtech.comfacetamtech.comSeed Led
2 Jul 2026emesent.comemesent.comSeries A
29 Apr 2026aigentsphere.comaigentsphere.comSeed Led
14 Apr 2026deteqt.techdeteqt.techSeed Led
24 Mar 2026Cauldroncauldronferm.comSeries A Led

Round details for Main Sequence

Amounts, full round histories and every co-investor in Main Sequence's rounds are on Fundup AI. VCinfo covers investors and their portfolios.

See rounds on Fundup AI →

Portfolio

64 companies checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
Advanced Navigationadvancednavigation.com · AustraliaAdvanced Navigation designs and develops navigation systems for various industries and applications, including defense, heavy industry vehicles, and subsea navigation.
AI & Machine LearningAI & Machine Learning
Mar 2026Series C+Page + round
aigentsphere.comaigentsphere.com · AustraliaAigentsphere provides a platform for enterprises to manage and govern their AI workforce, offering features such as agent registration, performance management, and compliance governance.
AI & Machine LearningEnterprise Software
Apr 2026SeedFunding round
Amber Electricamber.com.au · AustraliaAmber provides renewable energy services, including wholesale electricity and battery automation, to residential customers.
EducationEducation
Portfolio page
Andromedaandromeda.ai · United StatesAndromeda connects AI teams with high-performance compute
AI & Machine LearningCybersecurity
Portfolio page
andromedarobotics.aiandromedarobotics.ai · AustraliaThe company develops and provides personalized robot companions for aged care and assisted living residents
Healthcare & BiotechRobotics & Hardware
Sept 2025Series AFunding round
Arlulaarlula.comArlula automates how Earth observation data is discovered, tasked, sold, delivered, and governed – reliably and at scale with your existing systems.
Space & DefenseAI & Machine Learning
Portfolio page
Avarniavarni.co · AustraliaAvarni provides carbon accounting software for compliance with regulations such as ASRS
FintechClimate & Energy
Portfolio page
Baraja 1baraja.com · AustraliaBaraja is a deep technology company that has reinvented LiDAR for self-driving vehicles.
Mobility & LogisticsIndustrial & Manufacturing
Portfolio page
breakerindustries.combreakerindustries.com · AustraliaBreaker Industries develops software for voice-controlled robot teams
Robotics & HardwareAI & Machine Learning
Feb 2026SeedPage + round
Xylobuildxylo.ai · United KingdomXylo provides an AI-powered workspace to help planning teams with administrative tasks and decision-making
AI & Machine LearningReal Estate & Construction
Portfolio page
Castlepointcastlepoint.systemsCastlepoint automates records classification and provides data governance capabilities to help organizations manage information and risk
CybersecurityAI & Machine Learning
Portfolio page
Cauldroncauldronferm.com · AustraliaCauldron develops and uses biomanufacturing technology to produce various products, including food proteins and ingredients, materials, and fuels.
Healthcare & BiotechIndustrial & Manufacturing
Mar 2026Series APage + round
Cortisoniccortisonic.com · AustraliaCortisonic builds machine-learning hardware from arrays of nanomechanical oscillators.
AI & Machine LearningRobotics & Hardware
Portfolio page
Coviucoviu.com
Portfolio page
Currus Biologicscurrusbio.com · AustraliaCurrus Biologics is developing its proprietary BEAT technology for solid tumours
Healthcare & Biotech
Portfolio page
Cylitecyliteoptics.com · AustraliaCylite provides a product called HP-OCT
Healthcare & Biotech
Portfolio page
deteqt.techdeteqt.tech · AustraliaDeteqt develops and manufactures chip-scale quantum sensing platforms using diamond-on-chip technology for magnetic field-aware intelligence.
Industrial & ManufacturingAI & Machine Learning
Mar 2025Seed · 2 roundsPage + round
Diraqdiraq.com · AustraliaDiraq is building quantum computers using spin qubits based on modified silicon transistors
Healthcare & BiotechIndustrial & Manufacturing
Portfolio page
Eden Brewedenbrew.com.auEden Brew develops a nutrition delivery platform based on casein micelle functionality
Food & Agriculture
Portfolio page
ElectraLithelectralith.com · AustraliaElectraLith extracts and refines lithium using its DLE-R technology
Industrial & ManufacturingClimate & Energy
Portfolio page

About this data

site last read 13 Nov 2026
The homepage of Main Sequence, as last read
mseq.vc as VCinfo last read it
Site
mseq.vc
Last read
13 Nov 2026
Watching since
5 Nov 2026
Rounds since
31 Jul 2023
Companies checked
64

Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.

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