Performance that placed Fund I in the top 10% of its global vintage.
Boson Eoarchean Fund I — our predecessor fund — invested into Australian deep tech from 2021. In a cohort where 85% of peers remain at zero DPI, Fund I has already returned cash while holding 92% of its value unrealised.
A tough vintage. We outperformed both the median and the top decile.
The 2021 vintage launched into peak valuations and exited into a contracted IPO market — 85% of peers in this cohort still report zero DPI. Fund I has already begun distributing capital and ranks in the top decile of its global vintage on TVPI.
1.38×
0.99×
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TVPI peer benchmarks from Cambridge Associates 2021 vintage VC index, Q1 2026 cut. DPI and IRR peer comparison data limited — industry-wide, 85% of 2021 vintage peers remain at zero DPI. 92% of Fund I value remains unrealised per IPEV standards — material upside still to be realised.
Eight investments. Lower mortality than the 2021 vintage average — and top-decile performance.
Eoarchean Fund I was sector-agnostic — first-cheque investments across fintech, SaaS, advanced manufacturing, and bio. Two write-offs out of eight is below 2021-vintage norms; six performing positions carry the fund. Boson Newton II narrows the strategy to deep tech: bio & medical, advanced manufacturing, AI & robotics.
AI-empowered payment and loyalty platform for Gen Z consumers.
Fintech
AI-empowered financial viability platform for construction and infrastructure.
Fintech · Construction
Advanced Materials · Cleantech
Digital health platform for cancer patients, via insurers and employers.
Digital Health
AI for Manufacturing
Digital health platform for people with disabilities. Wound down 2024.
Digital Health
Kite Magnetics
Monash University spinout. Kite's nanocrystalline soft magnetic alloys are rare-earth-free and run electric motors at 99% efficiency — the missing link for the next decade of electric aviation, heavy-duty EVs, and grid-scale machines.
Sourced from Monash before IP-assignment. Independent DD by Tokyo Tech and Tsinghua University confirmed technology superiority and IP defensibility. Boson facilitated introductions to EHang and Zero Gravity — key eVTOL ecosystem partners. SQM led the Seed+; Airbus Ventures in active Pre-A discussions.
Boson Newton Fund II carries Fund I's playbook forward.
Newton II is now open to new investors. Same team. Same thesis — Australian deep tech, with structural advantages in sourcing, technical due diligence, and the Greater China commercialisation corridor. Earlier stage, larger fund, sharper sector focus.
Read about Newton Fund IIBoson Eoarchean Fund I is closed to new investors. This page describes historical performance for context only. Performance figures are unaudited, calculated per IPEV guidelines as of Q1 2026, and subject to change. 92% of value is unrealised. Past performance is not indicative of future results. Read full disclaimer.