About Boab
Boab is a venture capital firm founded in 2020. It is primarily based out of Melbourne, Australia. As of Dec 2022, Boab has invested in 16 companies. It primarily invests in Seed round in Australia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of Katonic A lot of funds co-invest with Boab, with names like Artesian sharing a substantial percentage of its portfolio. Boab has team of 5 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Boab's List of Top Investments
Boab has a portfolio of 16 companies. Their most notable investments are in Katonic and Lyro Robotics.Their portfolio spans across Australia and United States. They have invested in Enterprise Applications, High Tech, Consumer and 8 other sectors, across stages such as Seed stage. Here is the list of top investments by Boab:
1. Andromeda
Provider of robotic companions with personality and emotional intelligence. It specializes in creating robotic companions with personality and emotional intelligence. Products include Abi- a robotic companion designed to bring comfort and joy to people of all ages.
Key facts about Andromeda
- Founded Year: 2022
- Location: Boston (United States)
- Stage: Series A
- Total Funding till date: $19.2M
- Employee Count: 285 as on May 31, 2026
- Investors: Forerunner Ventures, Rethink Impact and 8 Others
- Latest Funding Round: Series A, Sep 05, 2025, $*****
2. Hullbot
Hullbot is an autonomous in-water cleaning robot for private yachts. It is a fully autonomous robotic hull cleaning system which attaches itself to the yacht surface and keeps the yacht surface from fouling. The company claims it operates at half the average cost of lifting, cleaning and re-painting a sailing yacht. As of Aug 2017, the company is seeking investment.
Key facts about Hullbot
3. Strong Room
Strong Room is the platform offering AI-based 3D facial mapping technology for biometrics and correlating them with symptoms and diseases. The AI engine measures the facial biomarker attributes for clinical trials. The platform also offers remote patient monitoring and attributes testing for coughs and walking gaits.
Key facts about Strong Room
4. Katonic
Provider of AI and cloud-based data science process automation solutions. It provides a platform for authentication, scaling, monitoring, and management of various models. It provides solutions to automatically train ML models and supports various deep learning frameworks such as Tensorflow, PyTorch, Scikit-Learn, XGBoost, Keras, Hugging Face, and FastAI.
Key facts about Katonic
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5. PI.EXCHANGE
Provider of cloud and AI-based predictive analytics solution provider. It offers web-based software that predicts the performance of machine learning models created for a user-specific set of data. Its features include a recommendation engine, model repertoire, and immediate result capabilities. It is available in a subscription-based pricing model.
Key facts about PI.EXCHANGE
- Founded Year: 2017
- Location: Melbourne (Australia)
- Stage: Seed
- Total Funding till date: $2M
- Employee Count: 23 as on Sep 30, 2026
- Investors: Ascend Vietnam Ventures, FullCircl and 4 Others
- Latest Funding Round: Seed, Aug 25, 2021, $*****
- Highlight: Editors' Pick
Boab's Year-on-Year Investment Trends
Boab has invested in 16 companies over the last 5 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Katonic.Boab's Investments by Stage
Boab has made 3 investments in Seed stage with an average round size of $1.7M.Boab's Investments by Sector
Boab has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Artificial Intelligence - Industry Applications, Industrial Goods and Manufacturing and Robotics - Industry Applications. Notably, it has invested in 16 Tech companies, 15 Enterprise (B2B) companies, 12 Software companies and at least 7 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
High Tech | 3 |
Artificial Intelligence - Industry Applications | 1 |
Industrial Goods and Manufacturing | 1 |
Robotics - Industry Applications | 1 |
Note: We have considered here, only first round of investments
Boab's Investments by Geography
Boab has made most investments in Australia (3).Boab's recent investments
Boab has not made any investment in 2026 so far.Here are the most recent investments by Boab:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 22, 2022 | Australia | Seed | 5192 | ||
Jul 14, 2022 | Australia | Seed | 4752 | [+1] | |
Aug 25, 2021 | Australia | Seed | 9918 | [+2] |
Team profile of Boab
Boab has a team of 5 members including 3 Partners and 1 Principal located in Australia. Boab's team does not sit on the board of any company as of now.Here is a list of all team members in Boab:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Melbourne | - | ||
Partner | - | - | - | |
Partner | Melbourne | - | - | |
Principal | Melbourne | - | - |
Co-investors of Boab
Over the past 5 years, 8 investors have co-invested in Boab's portfolio companies. This includes funds and angels.
- Invested before Boab: T C Consulting Ltd and Queensland Government have invested in rounds before Boab. There is 1 company where T C Consulting Ltd has invested before Boab and 1 company where Queensland Government has invested before Boab.
- Top Co-investors of Boab: 6 investors entered a company along with Boab. These include investors like Artesian (1 company).
Recent News related to Boab
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UpMeals Launches Healthy Ready-to-Eat Meal Subscription Service Right to Your DoorCNW•Nov 24, 2021•Boab, UpMeals
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SMRT1 Technologies secures 5-year smart vending contract with UpMealsVendingmarketwatch•Jul 20, 2021•SMRT1, Boab
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PlantX Life introduces additional shipping day to Canadian meal delivery serviceProactive Investors•Jun 30, 2021•PlantX, Boab, UpMeals
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Healthy vending company UpMeals kicks off $5 million in financing, appoints three directorsVendingmarketwatch•Jun 04, 2021•Boab, UpMeals, Calibre Capital
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Vancouver Vending Operation To Offer Customers Recycled ContainersVending Times•May 20, 2021•Boab, ShareWares
