Key facts
- Radium Capital reaches $1 billion funding milestone
- Radium Managing Director Jeremy Loftus says milestone highlights that R&D finance is a cornerstone of Australia’s innovation landscape.
- West Australian Minister for Science and Innovation, Stephen Dawson, says Radium funding boost helps create jobs, boost the economy and solve some of the world’s toughest problems.
PERTH, Australia – Wednesday 5 November, 2025
Radium Capital has surpassed $1 billion in innovation funding, continuing to lead the charge in powering Australian research and development (R&D) through R&D lending.
Since 2017, Radium has provided more than $1 billion to over 1,000 companies undertaking research and development (R&D) via Radium Advances, which allow companies to access their R&D Tax Incentive (R&DTI) refunds early.
Managing Director Jeremy Loftus said Radium’s funding milestone highlighted that R&D finance is a cornerstone of Australia’s innovation landscape. “For early-stage companies R&D finance often provides the funding backbone,” he said.
“R&D finance can be a game changer for innovative businesses at all stages of development, from startups to ASX-listed companies, providing a source of non-dilutive funding that can be reinvested into R&D, used to smooth cash flow, or even position a company for a capital raise,” Mr Loftus said.
West Australian Minister for Science and Innovation, Stephen Dawson, congratulated the Perth-founded business on reaching the funding milestone.
“Radium Capital has played a valuable role in helping many innovative companies navigate the world of accessing the funding they need,” he said.
“Since 2017, businesses from across industries such as mining and medtech have benefitted from Radium Capital providing early access to R&D funding. This has enabled them to keep developing, employing and commercialising their ideas here in Australia,” he said.
“These businesses are creating jobs, boosting the economy and helping solve some of the world’s toughest problems,” he said.
Mr Loftus said R&D lending had become a driving force behind Australian innovation, with more companies strategically building R&D lending into their capital stack.
“Some of our clients seek funding quarterly or even monthly to increase the amount available for R&D throughout the year, helping them grow faster and get their products to market sooner,” he said.
“When you’re talking about companies doing clinical trials, for example, the cash burn rate is very high and R&D finance is a great way for them to keep their trial program on track without having to sacrifice equity and without having to wait up to 18 months for the R&DTI refund to arrive.”
“Companies are essentially gaining early access to their own money to reinvest in their business, and we are proud to be able to say we’re supporting Australian innovators to bring world-changing products and services to market by giving them access to funds when needed.”
Sustainable mining-tech innovator ElectraLith CEO Charlie McGill said Radium’s funding gave the company crucial breathing room while its Series A funding round was being finalised.
“They helped us when we were in a very tight situation and through that we were able to keep the technology progressing, and ultimately keep the investors and partners happy,” Mr McGill said.
ElectraLith went on to raise A$27.5 million in an oversubscribed round and was named as one of the World Economic Forum’s top innovators in 2025 and one of Australia’s top 100 innovators in The Australian’s annual list.
Mr Loftus said Radium prided itself on strengthening Australia’s innovation ecosystem with support and connections as well as funding.
“R&D can be a lonely road, and we work hard to connect founders with others on the same journey, and to link them with partners in the ecosystem who might be able to help them,” he said.
Cicada Innovations Group Executive Impact and Ecosystems Sian Priest said the deep-tech incubator appreciated partnering with Radium Capital.
“It is amazing to have an organisation that is not only funding but also showing up and supporting the ecosystem across Australia,” she said.
“One billion dollars in funding is an incredible achievement. That funding is enabling innovators to do more, faster, and there are companies that might not be here today without them,” she said.
ENDS
About Radium Capital
Radium Capital powers Australian innovators by partnering to provide access to the funding, resources, and connections they need to move from ideas to impact. Through Radium Advances, businesses can unlock their R&DTI refund early to accelerate commercialisation, reduce capital outlay and attract other funding sources. Radium Capital operates nationally, with offices in Sydney, Melbourne, Brisbane and Perth, and aims to support businesses of all sizes to grow. Learn more at www.RadiumCapital.com.au.
Media contact
Sally Dillon
Communications and Content Manager
0425 751 900
sally.dillon@radiumcapital.com.au
Featured client case studies (based in Perth & Melbourne)
NXT TEC. Ltd – Building technology company NXT TEC. has created a revolutionary building system to help tackle the global housing crisis by making it possible to build high-quality, affordable houses faster and more sustainably. One of Radium Capital’s longest-standing clients, Perth-based NXT TEC. has built Radium Advances into their R&D strategy to maintain the pace of their R&D program and bring their product to market sooner, with preparations underway to launch in the US market.
“Regular Radium Advances enable the company to focus more effectively on our innovation and R&D, rather than diverting resources toward continual capital raising for R&D activities. Radium provides reliable funding which helps to limit potential equity dilution and maintain greater ownership alignment as we grow,” said NXT TEC. Chairman and Managing Director Natasha Di Ciano.
WeMoney – This Perth-based financial wellness platform empowers people to take control of their finances and pay off debt faster by comparing products and providing insights into their spending habits. Launched in 2020, in April this year WeMoney secured $12 million in a Series A round at a $100 million valuation.
“Radium Advances allowed us to fast-forward our R&D programs, complete product development and platform improvements months ahead of schedule and score a home run for our members and all stakeholders,” said WeMoney Founder and CEO Dan Jovevski. “I can’t say enough good things about the exceptional Radium platform technology, financing and all-round service of the Radium team.”
ElectraLith – Sustainable mining tech company ElectraLith has developed the next generation of lithium extraction and refining technology. The company recently won the World Economic Forum’s prestigious “Sustainable Mining: Mining the Unmined Challenge Award” for its low-cost, sustainable technology that refines battery-grade lithium without using water or chemicals. This Monash University spinout is commercialising at pace, reinvesting its Radium Advance in R&D before closing its materially oversubscribed $27.5 million Series A funding round in January this year. Led by deep-tech investment fund Main Sequence, ElectraLith’s world-class investor syndicate is comprised of IP Group, Hostplus, Rio Tinto, Chevron Technology Ventures, Fathom Fund, Breakthrough Victoria, Vista Energy, Marathon Petroleum, In-Q-Tel and Monash University.
“Radium Advance is an excellent non-dilutive funding option that’s fast and easy to access for start-ups and scale-ups,” said ElectraLith CEO Charlie McGill. “A long-established and trusted R&D lender, Radium Capital provided the perfect bridge capital solution for our business.”
Read the ElectraLith Case Study
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