About Paspalis
Paspalis is a venture capital firm founded in 1927. It is primarily based out of Darwin, Australia. As of Mar 2026, Paspalis is an active investor, having invested in 17 companies, with 3 new investments in the last 12 months. 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 Food and Agriculture Tech. Most recently it participated in the $***** Series A round of Arlula A lot of funds co-invest with Paspalis, with names like SEEDS Capital sharing a substantial percentage of its portfolio. Paspalis has team of 7 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 2 more
Deals in last 12 months
Paspalis' List of Top Investments
Paspalis has a portfolio of 17 companies. Their most notable investments are in Esper Satellite Imagery and Polybee Systems.Their portfolio spans across Australia and Singapore. They have invested in Enterprise Applications, High Tech, Food and Agriculture Tech and 15 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Paspalis:
Developer of wireless communication infrastructure using nanosatellites. It provides users with a wireless communication infrastructure using nanosatellites. It utilizes laser-based systems to transmit data over long distances, offering alternative to traditional fiber optic cables.
Key facts about Transcelestial
- Founded Year: 2016
- Location: Singapore (Singapore)
- Annual Revenue: SGD 0 - 1M as on Dec 31, 2021
- Stage: Series B
- Total Funding till date: $34.7M
- Employee Count: 53 as on May 31, 2026
- Investors: EDBI, Partech Partners and 33 Others
- Latest Funding Round: Series B, Nov 12, 2025, $*****
- Highlight: Editors' Pick
2. Atomionics
Developer of quantum gravity sensing and AI-powered 3D modeling technology. The company provides tools for resource exploration. It offers high-resolution surveys and data analysis. The company's technology aims to accelerate discovery and reduce exploration costs.
Key facts about Atomionics
3. Travello
Online platform to book outdoor tours & activities. The platform enables travelers to explore the activities by country, types & more, or find tours directly on the platform as well as, view their descriptions, check reviews, prices & availability. The bookings can be made via the platform by making an online payment.
Key facts about Travello
- Founded Year: 2014
- Location: Brisbane (Australia)
- Stage: Series B
- Total Funding till date: $19.9M
- Employee Count: 67 as on May 31, 2026
- Investors: cfblimited.com, Startupbootcamp and 7 Others
- Latest Funding Round: Series B, Oct 07, 2022, $*****
- Highlight: Editors' Pick
Developer of AI and automation solutions for yield forecasting and pollination. The company provides data-driven insights and scalable technology for open-field and protected cropping systems. Solutions include forecasting yield and harvest readiness, plus autonomous pollination. The contactless pollination method uses aerodynamically controlled pollination, designed to optimally vibrate flower clusters.
Key facts about Polybee Systems
- Founded Year: 2019
- Location: Singapore (Singapore)
- Stage: Seed
- Total Funding till date: $4.3M
- Employee Count: 17 as on May 31, 2026
- Investors: SEEDS Capital, Elev8 and 2 Others
- Latest Funding Round: Seed, Feb 09, 2026, $*****
5. Arlula
Provides a platform to search for satellite imagery It compiles satellite image archives from multiple data providers. It provides an API that connects a network of satellite vendors into a single point of integration, enabling users to search and choose data from industrial satellites on demand.
Key facts about Arlula
- Founded Year: 2018
- Location: Ultimo (Australia)
- Stage: Series A
- Total Funding till date: $3.87M
- Employee Count: 12 as on May 31, 2026
- Investors: Possible Ventures, Lockheed Martin and 6 Others
- Latest Funding Round: Series A, Mar 25, 2026, $*****
- Highlight: Editors' Pick
Paspalis' Year-on-Year Investment Trends
Paspalis has invested in 17 companies over the last 7 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 3 investments, while as of Mar 2026, it has made 2 investments in this year. Its most recent first time investment was in Arlula and most recent follow-on round was in Atomionics.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 1 | 2 | 3 |
2024 | 3 | 0 | 3 |
2023 | 0 | 0 | 0 |
2022 | 2 | 0 | 2 |
2021 | 2 | 0 | 2 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
Paspalis' Investments by Stage
Paspalis has made 5 investments in Seed stage with an average round size of $1.36M, 3 investments in Series A stage with an average round size of $4.32M, 2 investments in Series B stage with an average round size of $7.85M and 1 investment in Grant (prize money) stage with an average round size of $500K.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 3 |
Series B | 2 |
Grant (prize money) | 1 |
Note: We have considered here, only first round of investments
Paspalis' Investments by Sector
Paspalis has a diverse portfolio, with companies operating in the High Tech, Aerospace, Maritime and Defense Tech, Enterprise Applications, Aerospace, Maritime and Defense and Consumer. Notably, it has invested in 13 Tech companies, 11 Enterprise (B2B) companies, 7 Software companies and at least 7 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 6 |
Aerospace, Maritime and Defense Tech | 4 |
Enterprise Applications | 3 |
Aerospace, Maritime and Defense | 1 |
Consumer | 1 |
Others | 10 |
Note: We have considered here, only first round of investments
Paspalis' Investments by Geography
Paspalis has made most investments in Australia (7), followed by Singapore where it has made 4 investments.Country | No. of Investments |
|---|---|
Australia | 7 |
Singapore | 4 |
Note: We have considered here, only first round of investments
Paspalis' recent investments
Paspalis has made 2 investments in 2026 so far - Arlula and Polybee Systems.Here are the most recent investments by Paspalis:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 25, 2026 | Australia | Series A | 5945 | [+2] | |
Feb 09, 2026 | Singapore | Seed | 3148 | [+2] | |
Sep 08, 2025 | Singapore | Seed | 1898 | [+4] | |
Jul 09, 2025 | Singapore | Series B | 7795 | ||
Mar 04, 2025 | Australia | Seed | 1221 |
Team profile of Paspalis
Paspalis has a team of 7 members including 1 Partner and 1 Principal. Paspalis' team does not sit on the board of any company as of now.Co-investors of Paspalis
Over the past 7 years, 53 investors have co-invested in Paspalis's portfolio companies. This includes funds and angels.
- Invested before Paspalis: Cap Vista, Entrepreneur First and 33 others have invested in rounds before Paspalis. There are 2 companies where Cap Vista has invested before Paspalis and 2 companies where Entrepreneur First has invested before Paspalis.
- Top Co-investors of Paspalis: 11 investors entered a company along with Paspalis. These include investors like SEEDS Capital (2 companies).
- Invested after Paspalis: A total of 7 investors have invested in Paspalis's portfolio after their investments. Top Investors include MPower Partners (1 company), Golden Egg Ventures (1 company) and BHP (1 company).
Recent News related to Paspalis
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Arlula Raises $3.4m for its EO AmbitionsSpatial Source•Mar 25, 2026•Startmate, Arlula, Paspalis, Main Sequence
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Southeast Asia funding surges 125 per cent in Sept, reversing August slumpe27•Oct 06, 2025•Gobi Partners, GRVT, Paspalis, RushOwl and 2 others
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Atomionics bags US$12.7M to map earth’s subsurface with quantum sensorse27•Sep 16, 2025•SG Growth Capital, Atomionics, Paspalis, VU Venture Partners and 3 others
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Esper secures $5m in seed funding roundBusiness News Australia Pty Ltd•Mar 07, 2025•Esper Satellite Imagery, Hejaz Financial Services, Paspalis
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Esper Satellites Raises $3.1M Seed RoundPayload•Mar 04, 2025•Esper Satellite Imagery, Hejaz Financial Services, Paspalis
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To encourage at least $220 M in investments in deep tech startups, SEEDS Capital appointed 20 new partnersIncubees•Feb 10, 2025•SEEDS Capital, Valuence Ventures, Paspalis, Global Brain and 11 others
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NT startup Go Locum lands $350,000 for remote medical staffing platformSmartCompany•Jul 18, 2024•Go Locum, Paspalis, Darwin Innovation Hub
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Travello poised for further acquisitions following £5.7M investmentPhocusWire•Oct 07, 2022•Paspalis, Scemtec, Travello
