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Venture Capital
starfishvc.com

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Investments

75

Portfolio Exits

12

Funds

3

About Starfish Ventures

Starfish Ventures currently manages over $385 million in investment funds supporting business at all stages of development. Investment focus encompasses:- Life sciences: including biotechnology, medical devices and drug development;- Cleantech: including energy, water and other environmental technologies; and- Information technology: including software, instrumentation, hardware, telecommunications.

Starfish Ventures Headquarter Location

120 Jolimont Road

VIC 3002,

Australia

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Latest Starfish Ventures News

Hearables3D Raises $734K to Expand into US, Europe Markets

Aug 11, 2021

The Melbourne, Australia-based hearing start-up Hearables3D announced that it has raised A$1M (USD $734,335) of funding to accelerate its expansion into European and US markets. The investment was led by Significant Early Venture Capital , and Starfish Ventures , alongside ~$200K in grant funding from the Australian Government’s Accelerating Commercialisation program . To steer its growth, Hearables3D has announced the appointment of Iain Mcleod as the company’s new Chief Executive Officer. With over 11 years of industry experience leading 3Shape ’s audio business, and more recently, at Formlabs introducing 3D printers and novel materials into audiology, Mcleod will be driving the company’s growth in scanning and automation. Iain Mcleod “Hearables3D already automates the production of thousands of hearing aids every week, working with Minerva Hearing , Amplifon , UniversalDB , and others across the audiology industry to enable manufacturers to zero their CAD lead times, remove CAD labor and software costs, and even reduce remake rates for hearing aids,” said Mcleod. “Combining this benefit with the innovation of scanning using the latest smartphone technology, audiologists can now offer a true next-generation patient experience supported by an automated digital production workflow. These are truly exciting times for those interested in improving the patient experience.” Anthony Shilton, who has guided the company as interim CEO since January 2020, moves into the role of Executive Chair and will be supporting Mcleod by taking on finance, operations, and investor relations. Fiona Hindmarsh of Significant said that she was particularly impressed with the caliber of the team and its technology. “Hearables is an excellent illustration of how Australia’s research excellence can underpin the creation of truly competitive globally businesses,” she said. Anthony Shilton Having its origins in the research of Dr Phil Kinsella (CTO) during his PhD work at Swinburne, Hindmarsh notes that Hearables had gone on to benefit from the Skalata program and was exceptionally well prepared for this next stage of investment and growth. “It takes many hands to support the early and rapid development of our next generation of innovators and we are delighted to be working with the team to drive this next exciting phase,” she said. About Hearables3D Hearables3D is a Swinburne University spinout whose mission is to democratize custom-fit hearing devices. According to the company, Hearables3D does this by providing B2B tools – its  smartphone scanning  and  automated design  technologies – that help simplify the making of custom-fit hearing devices. Since launching in 2018, Hearables3D has partnered with companies such as Sennheiser , Formlabs, and others. Source: Hearables3D

Starfish Ventures Investments

75 Investments

Starfish Ventures has made 75 investments. Their latest investment was in Hearables 3D as part of their Seed VC - II on August 8, 2021.

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Starfish Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/11/2021

Seed VC - II

Hearables 3D

$0.59M

Yes

1

2/1/2021

Series C

DesignCrowd

$7.6M

No

3

9/4/2020

Series D

Aktana

$30M

No

1

9/26/2019

Series C - II

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$99M

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10

10/11/2018

Series C

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$99M

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10

Date

8/11/2021

2/1/2021

9/4/2020

9/26/2019

10/11/2018

Round

Seed VC - II

Series C

Series D

Series C - II

Series C

Company

Hearables 3D

DesignCrowd

Aktana

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Amount

$0.59M

$7.6M

$30M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

3

1

10

10

Starfish Ventures Portfolio Exits

12 Portfolio Exits

Starfish Ventures has 12 portfolio exits. Their latest portfolio exit was ICIX on October 07, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/7/2021

Acquired

$99M

3

12/11/2019

IPO

$99M

Public

2

11/9/2017

Acquired

$99M

1

7/5/2017

IPO

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$99M

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10

8/11/2016

IPO

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$99M

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10

Date

10/7/2021

12/11/2019

11/9/2017

7/5/2017

8/11/2016

Exit

Acquired

IPO

Acquired

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

3

2

1

10

10

Starfish Ventures Fund History

3 Fund Histories

Starfish Ventures has 3 funds, including Starfish Technology Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/13/2008

Starfish Technology Fund II

Multi-Stage Venture Capital

Closed

$185M

1

12/31/2004

Starfish Technology Fund I

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$99M

10

12/31/2002

Starfish Pre-Seed Fund

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$99M

10

Closing Date

11/13/2008

12/31/2004

12/31/2002

Fund

Starfish Technology Fund II

Starfish Technology Fund I

Starfish Pre-Seed Fund

Fund Type

Multi-Stage Venture Capital

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Status

Closed

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Amount

$185M

$99M

$99M

Sources

1

10

10

Starfish Ventures Team

2 Team Members

Starfish Ventures has 2 team members, including current Chief Financial Officer, Eve Burgess.

Name

Work History

Title

Status

Michael Panaccio

Founder

Current

Eve Burgess

Chief Financial Officer

Current

Name

Michael Panaccio

Eve Burgess

Work History

Title

Founder

Chief Financial Officer

Status

Current

Current

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