The Victor Smorgon family office has led a Series B funding round for Fliteboard, the maker of a battery powered foiling surfboard.
Other investors in the round included the Josh Liberman family office, Afterpay co-founder Anthony Eisen, and golfer Adam Scott.
The value of the round has not been disclosed but it is believed to be more than $30 million.
Founder and chief executive of Byron Bay, NSW, based Fliteboard, David Trewern, said that in addition to growth capital, the new investors would contribute experience and connections to help the business expand overseas. The company would retain its headquarters in Australia.
Prior to founding Fliteboard in 2016, Trewern established several other technology-based businesses. A former kite-surfing champion, he developed the Fliteboard for surfing on days when the wind was not strong enough for kite surfing. The Fliteboard has a motor housed in a fuselage at the foot of its vertical fin which generates the thrust to get the device riding on its horizontal foils. 
Trewern said Fliteboard had been profitable for three years and exported 95% of its production but the new capital would enable the company to accelerate production and increase global expansion.