TLDR:
Key Points:
- Tidal Ventures receives funding boost from QIC through the Queensland Venture Capital Development Fund.
- Tidal Ventures invests in sectors such as cybersecurity, customer experience, and productivity and automation.
The article discusses the recent investment by the Queensland Venture Capital Development Fund (QVCDF), managed by QIC, in Tidal Ventures, a Sydney-based technology investor supporting high-growth Australian startups. While the financial details of the investment were not disclosed, the funding is expected to be applied to locally based startups in sectors such as cybersecurity, customer experience, and productivity and automation. Tidal Ventures was founded in 2016 with the mission to partner with disruptive companies and revolutionize industries. The investment from QVCDF will support Tidal’s third fund, enabling them to provide critical capital and strategic guidance to Australian entrepreneurs to help them scale globally.
Through the deal, Tidal Ventures aims to drive investment in innovative technology startups that are industry-revolutionizing. The partnership with QVCDF signifies a commitment to strengthening Queensland’s innovation ecosystem and fostering Queensland-led innovation and growth in the technology sector. The article highlights Tidal Ventures’ current investments, including logistics platform Shippit, sustainable fashion startup Airrobe, and cannabis and food industry software provider Blakthumb. The fund’s collaboration with QIC is seen as a significant step towards supporting Queensland startups and building a technology-led, knowledge-based economy in the region.
Overall, the investment from QVCDF represents a key milestone for Tidal Ventures in their mission to support and grow technology businesses, offering capital and strategic expertise to the next generation of Australian entrepreneurs.
