Understorey (Understorey Ventures) is a private impact investment firm based in Sydney, Australia that invests in critical solutions needed to restore planetary health, backing visionary companies tackling the climate and nature crisis across private equity, private debt, and agriculture.
45% of their portfolio is in Climate & Energy. They made 2 investments in the last 12 months. Their most common stage is seed (55% of deals). Average disclosed round size is $6.7M (across 9 rounds with reported amounts).
Portfolio
10
Fund Size
—
Top Stage
Seed
Last 12 Mo
2
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
11 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| TTransition Metal Solutions | Seed | $6M | Jan 2026 |
 Good Heat | Pre-Seed | $2M | Oct 2025 |
 SPEC Toolbox | Bridge | $3M | Jan 2024 |
 FLINTpro | Series A | $9M | Jan 2023 |
 HydGene Renewables | Seed | — | Jan 2023 |
| FLINTpro | Seed | — | Jan 2018 |
 Foray | Seed | $3M | — |
 Dendra Systems | Series B | $15.8M | — |
| FForay | Seed | $3M | — |
| DDendra | Series B | $15.8M | — |
| FForay Bioscience | Seed | $3M | — |
Top Co-Investors
Superorganism3 shared
Engine Ventures3 shared
ReGen Ventures3 shared
Service Provider Capital2 shared
Airbus Ventures2 shared
Zouk Capital2 shared
Investible2 shared
Barclays1 shared
Energy Capital Ventures1 shared
Agronomics1 shared
Lowercarbon Capital1 shared
Aramco1 shared
Rio Tinto1 shared
New Climate Ventures1 shared
Dolby1 shared
Essential Capital1 shared
SOSV1 shared
Dolby Family Ventures1 shared
Astor Management AG1 shared
Last updated: 8 September 2026