Robotics startup Emesent raises $25 million as NRFC unveils investment first
The NRFC has made its first venture debt investment, backing CSIRO spinout Emesent with $10 million as part of a $25 million funding round.
Queensland robotics company Emesent has raised $25 million, which includes $10 million from the National Reconstruction Fund Corporation (NRFC) in its first ever venture debt investment.
The announcement comes just days after the federal government launched the first legislative review of the NRFC. The review will examine whether the investment vehicle remains fit for purpose.
The remainder of the funding includes a $15 million SAFE Note backed by Main Sequence Ventures, QIC, NGS Super, Hostplus and Orion Resource Partners.
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