Investors / Australia / Paspalis Capital
Paspalis Capital
Venture capital · Darwin, NT, Australia · Asia Pacific
Paspalis Capital is an APAC venture capital investor specialising in global deep-tech, founded in 1999 by Harley Paroulakis and headquartered in Darwin, Northern Territory. It leads and co-invests in rounds, invests equity, debt and SAFE notes, and connects portfolio companies to test-bedding opportunities across mining, energy and defence in North Australia.
Invests inAI & Machine LearningIndustrial & ManufacturingSpace & Defense
In its own wordsdeep techadvanced manufacturingmining technologyspace techagritechdefence tech
Your fit with Paspalis Capital
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See how your round matches what it backs, point by point.
Or find every investor that fitsPaspalis Capital lists 11 checked portfolio companies on its own site and is named in 2 funding rounds, 2 of them as lead. Its most frequent entry is Seed, 100% of the companies with a known first round. Its largest themes are AI & Machine Learning (60%), Industrial & Manufacturing (20%) and Space & Defense (15%). 44% of its companies are based in Australia. It invests most often alongside Cap Vista, Airtree and Elev8 VC.
Counts come from funding rounds that name Paspalis Capital, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Paspalis Capital's whole history. Rounds on record name 2 companies; its own site lists 11. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundPaspalis Capital does not state its stages on its site, so only what it does is shown.
Show as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 100% |
| Series A | 0% |
| Series B | 0% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 1 | 1 |
| '26 | 1 | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 30th | 12 companies |
| Recent activity | 59th | 1 rounds in 12 months |
| Early stage | 100th | 100% of entries at pre-seed or seed |
| Evidence | 89th | 17% of companies confirmed by a round |
| Sector focus | 89th | 60% in its largest sector |
| Reach | 58th | 3 countries |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Cap Vista | 3 |
| Airtree | 2 |
| Elev8 VC | 2 |
| Entrepreneurs First | 2 |
| Techstars | 2 |
| Wavemaker Partners | 2 |
| Beaten Zone Venture Partners | 1 |
| Beyond Earth Ventures | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers11100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 60% | 18% |
| Industrial & Manufacturing | 20% | 7% |
| Space & Defense | 15% | 3% |
| Education | 5% | 7% |
Co-investor network
who it backs companies with, and who they back togetherCompare Paspalis Capital head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Paspalis Capital| Date | Company | Stage |
|---|---|---|
| 9 Feb 2026 | Seed Led | |
| 16 Sept 2025 | Seed Led |
Round details for Paspalis Capital
Amounts, full round histories and every co-investor in Paspalis Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
11 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Aliena designs and manufactures hall thruster systems for satellites | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Arlula automates how Earth observation data is discovered, tasked, sold, delivered, and governed – reliably and at scale with your existing systems. | Space & DefenseAI & Machine Learning | Portfolio page | ||
| Atomionics develops and uses quantum sensors and AI to improve resource exploration and discovery | Industrial & ManufacturingAI & Machine Learning | Sept 2025Seed | Page + round | |
| Blueflite offers a drone-based logistics platform for faster and more cost-effective deliveries. | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Corrosion Instruments makes products for cathodic protection monitoring and field intelligence. | Industrial & Manufacturing | Portfolio page | ||
| Esper delivers space-powered intelligence using proprietary hyperspectral imagery for mineral discovery and exploration | Space & DefenseAI & Machine Learning | Portfolio page | ||
| HEO delivers non-Earth imaging at scale, providing high-volume imagery and insights across key low-Earth orbit satellites | Space & Defense | Portfolio page | ||
| Polybee automates pollination, yield forecasting and scouting for stress in agriculture using self-recharging drones and computer vision. | AI & Machine LearningAI & Machine Learning | Feb 2026Seed | Page + round | |
| Praetorian Aeronautics delivers cutting-edge autonomous aerial systems and AI-enhanced software capabilities | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| SPEE3D produces metal parts using Cold Spray Additive Manufacturing technology | Industrial & ManufacturingAI & Machine Learning | Portfolio page | ||
| Transcelestial develops and provides wireless laser communication technology for various industries, including telecommunications and education. | EducationIndustrial & Manufacturing | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- paspalis.vc
- Last read
- 5 Nov 2026
- Watching since
- 6 Nov 2026
- Rounds since
- 16 Sept 2025
- Companies checked
- 11
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
Get Paspalis Capital's profile as data
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