About Salus VC
Salus VC is a venture capital firm founded in 2022. It is primarily based out of Sydney, Australia. As of Sep 2026, Salus VC has invested in 21 companies. It primarily invests in Seed round in Australia based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and FinTech. Most recently it participated in the $***** Series B round of HEO Overall, Salus VC portfolio has seen 2 unicorns, 3 IPOs and 4 acquisitions including key companies like Fiverr, Skydio and Tyro. A lot of funds co-invest with Salus VC, with names like In-Q-Tel sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Sectors
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Salus VC's List of Top Investments
Salus VC has a portfolio of 21 companies, including 2 unicorns. Their most notable investments are in Phantm and ExoFlare.Their portfolio spans across Australia, Israel and United States. They have invested in High Tech, Enterprise Applications, FinTech and 15 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Salus VC:1. Fiverr
Online freelance marketplace for multi-industry. It allows the users to find a matching job. The offering sectors include graphics & design, digital marketing, writing & translation, video & animation, music & audio, and more. The providing services include logo design, video explaining, voice-over, etc.
Key facts about Fiverr
- Founded Year: 2010
- Location: Tel Aviv (Israel)
- Stage: Public
- Total Funding till date: $111M
- Employee Count: 228,663 as on Sep 30, 2026
- Investors: Veyo Partners, TriplePoint Capital and 16 Others
- Latest Funding Round: Series D, Nov 11, 2015, $*****
- Highlight: Public
2. Skydio
Manufacturer of autonomous drones and related software, services, and accessories. It provides drone platforms, docking stations, attachments, and software for autonomous flight, data capture, and integration. These products serve sectors including public safety, utilities, national security, inspection, transportation, construction, and oil and gas. Services include regulatory and success support, along with developer tools and training.
Key facts about Skydio
- Founded Year: 2014
- Location: San Mateo (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $825M
- Employee Count: 1,067 as on Aug 31, 2026
- Investors: Greenline, Deep Learning and 37 Others
- Latest Funding Round: Series F, Apr 28, 2026, $*****
- Highlight: Editors' Pick
3. Tyro
Provider of POS solutions for retail stores. It enables businesses for accepting payments using credit, debit, gift, loyalty, and medicare cards. It provides contactless payments with its tap-and-go features. It also provides a dashboard for monitoring and managing transactions.
Key facts about Tyro
- Founded Year: 2003
- Location: Sydney (Australia)
- Stage: Public
- Total Funding till date: $103M
- Employee Count: 655 as on Sep 30, 2026
- Investors: TDM Growth Partners, Tiger Global Management and 4 Others
- Latest Funding Round: Series D, Nov 29, 2015, $*****
- Highlight: Public
4. Hailo
Provider of neural learning processors for edge AI applications. The processors can be embedded into devices and they comprise an architecture that enables edge devices to run deep learning applications instead of using the cloud. Its features include real-time operation, reduced power consumption, as well as a software development kit co-developed with the hardware. It caters to automotive, smart cities and smart homes, drones, wearables, and AR/VR industries.
Key facts about Hailo
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5. Q-Ctrl
Developer of cloud-based firmware to stabilise qubits from quantum decoherence. The technology uses engineering-inspired transfer functions to provide realistic error budgeting and closed-loop control stabilisation techniques for mitigating hardware errors. It also provides advanced control protocols to reconstruct sensor features and provide quantum clock stabilisation.
Key facts about Q-Ctrl
- Founded Year: 2017
- Location: Sydney (Australia)
- Stage: Series B
- Total Funding till date: $166M
- Employee Count: 215 as on Aug 31, 2026
- Investors: Salesforce Ventures, Mindrock Capital and 24 Others
- Latest Funding Round: Series B, Oct 08, 2024, $*****
- Highlight: Editors' Pick
Salus VC's Year-on-Year Investment Trends
Salus VC has invested in 21 companies over the last 3 years, with an average of 2 new investments annually in the last 3 years. In 2025, it made 3 investments, while as of Sep 2026, it has made 3 investments in this year. Its most recent first time investment was in OneMRI and most recent follow-on round was in HEO.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 3 | 3 |
2025 | 2 | 1 | 3 |
2024 | 2 | 0 | 2 |
2023 | 3 | 0 | 3 |
Salus VC's Investments by Stage
Salus VC has made 5 investments in Seed stage with an average round size of $3.53M, 1 investment in Series A stage with an average round size of $7.69M and 1 investment in Series B stage with an average round size of $59M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
Salus VC's Investments by Sector
Salus VC has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Aerospace, Maritime and Defense Tech, Business Services and Environment Tech. Notably, it has invested in 18 Tech companies, 17 Enterprise (B2B) companies, 11 Software companies and at least 6 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
High Tech | 2 |
Aerospace, Maritime and Defense Tech | 1 |
Business Services | 1 |
Environment Tech | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Salus VC's Investments by Geography
Salus VC has made most investments in Australia (6).Salus VC's recent investments
Salus VC has made 3 investments in 2026 so far. HEO and Arkeus are the latest among them.Here are the most recent investments by Salus VC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 21, 2026 | Australia | Series B | 1493 | ||
May 15, 2026 | Australia | Series A | 2146 | [+4] | |
Apr 21, 2026 | - | Series A | 7662 | ||
Aug 18, 2025 | Australia | Seed | 7436 | [+8] | |
Aug 12, 2025 | - | Seed | 5177 | [+7] |
Unicorns in Salus VC's Portfolio
Salus VC has 2 unicorns in its portfolio - Advanced Navigation and Skydio. The most recent unicorn in their portfolio is Advanced Navigation. It became a unicorn in 2026.Here is a list of unicorns in Salus VC's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
54 | Developer of AI and cloud-based inertial sensor systems for navigation | 2012 | Sydney | Series C | punrvxq | ||
73 | Manufacturer of autonomous drones and related software, services, and accessories | 2014 | San Mateo | Series F | injwtft |
IPOs and Publicly Listed companies in Salus VC's Portfolio
3 of Salus VC's portfolio companies have become public. SensOre got listed on the Australian Securities Exchange (ASX), in Feb 2022 at marketcap of $42.8M and Tyro got listed on the Australian Securities Exchange (ASX) at marketcap of $916M.Here are Salus VC's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 11, 2022 | - | - | 8561 | |
Dec 06, 2019 | - | - | 9125 | |
Jun 14, 2019 | - | - | 4584 |
Acquired companies in Salus VC's Portfolio
4 companies from Salus VC's portfolio have been acquired. The most recent acquisition was Hailo in Jul 2026 by Microchip Technology for $*****.Here are Salus VC's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 24, 2026 | - | - | 2263 | |
Apr 07, 2022 | - | - | 4272 | |
Aug 08, 2021 | - | - | 3092 | |
Mar 24, 2021 | - | - | 4594 |
Co-investors of Salus VC
Over the past 3 years, 62 investors have co-invested in Salus VC's portfolio companies. This includes funds and angels.
- Invested before Salus VC: Sequoia Capital, DCVC and 23 others have invested in rounds before Salus VC. There is 1 company where Sequoia Capital has invested before Salus VC and 1 company where DCVC has invested before Salus VC.
- Top Co-investors of Salus VC: 29 investors entered a company along with Salus VC. These include investors like In-Q-Tel (3 companies).
- Invested after Salus VC: A total of 8 investors have invested in Salus VC's portfolio after their investments. Top Investors include Beaten Zone Venture Partners (2 companies), National Reconstruction Fund (2 companies) and Dcode Capital (1 company).
Recent News related to Salus VC
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Next-generation Semiconductor Company Syenta Raises $26 Million in Series A Funding to Deliver Breakthrough Chip-to-Chip Connectivity for AIBusiness Wire•Apr 21, 2026•Syenta, Salus VC, Wollemi, Investible and 3 others
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Melbourne defence tech company Arkeus secures $5mBusiness News Australia Pty Ltd•Mar 21, 2025•Arkeus, Main Sequence, Salus VC, Beaten Zone Venture Partners
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Biosecurity threats software startup plants $5.3 million Seed roundStartup Daily•Jul 16, 2024•CSIRO, Salus VC, Cultiv8 Funds, ExoFlare and 2 others
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Queensland Investment Corporation’s Investment RoundGlobal Legal Chronicle•May 31, 2024•QIC, Allens, Sprint Ventures, Antler and 3 others
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