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Investors / Australia / Shearwater Capital

Shearwater Capital

Venture capital · Edgecliff, NSW, Australia · Asia Pacific

shearwater.coTakes pitches from founders

Shearwater Capital is a venture capital firm founded by former founders that invests its own capital across inception, seed, Series A and beyond, and also buys founder and secondary shares. It focuses on companies based in Australia and New Zealand and describes itself as industry agnostic, with experience in advertising, marketing, legaltech and media.

Invests inAI & Machine LearningEducation

In its own wordsrecurring revenuebusiness softwaresaaslegaltechmediaadvertising

Your fit with Shearwater Capital

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24portfolio companies
3funding rounds on record2 led
3rounds, last 12 months
$1M to $5Mtypical round it comes in at
Series Amost frequent entry

Shearwater Capital lists 24 checked portfolio companies on its own site and is named in 3 funding rounds, 2 of them as lead. Its most frequent entry is Series A, 67% of the companies with a known first round. Its largest themes are AI & Machine Learning (23%), Education (15%) and Media & Entertainment (8%). 50% of its companies are based in Australia. It invests most often alongside Icehouse Ventures, Startmate and AfterWork Ventures.

Counts come from funding rounds that name Shearwater 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 Shearwater Capital's whole history. Rounds on record name 3 companies; its own site lists 24. 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 round
Show as a table
Share of companies by the stage of the firm's first round
Value
Pre-seed0%
Seed33%
Series A67%
Series B0%
Growth0%

Activity by year

rounds it joined, last 10 years
Show as a table
Funding rounds per year
TotalRounds it led
'1700
'1800
'1900
'2000
'2100
'2200
'2300
'2400
'2500
'2632

Investor profile

percentile among all firms
Portfolio size: 24 companiesRecent activity: 3 rounds in 12 monthsEarly stage: 33% of entries at pre-seed or seedEvidence: 13% of companies confirmed by a roundSector focus: 23% in its largest sectorReach: 4 countriesPortfolio size59th pctRecent activity76th pctEarly stage64th pctEvidence83th pctSector focus28th pctReach70th pct
This firmMedian of all firms
Show as a table
Shearwater Capital compared with all firms
MeasurePercentile of all firmsValue
Portfolio size59th24 companies
Recent activity76th3 rounds in 12 months
Early stage64th33% of entries at pre-seed or seed
Evidence83th13% of companies confirmed by a round
Sector focus28th23% in its largest sector
Reach70th4 countries

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
AI & Machine Learning23%18%
Education15%7%
Media & Entertainment8%4%
Enterprise Software8%8%
Consumer8%3%
Industrial & Manufacturing8%7%
Human Resources5%1%
E-commerce & Marketplaces5%6%

Invests most often with

firms sharing its portfolio companies
Show as a table
Co-investors
Share
Icehouse Ventures3
Startmate3
AfterWork Ventures2
Altered Ventures2
EVP2
Investible2
New Zealand Growth Capital Partners2
OIF Ventures2

All co-investors

Its portfolio companies

where they are based, and what their own sites show

Site status

  • Site answers2396%
  • No longer answers00%
  • Points to another company14%
  • 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.

Co-investor network

who it backs companies with, and who they back together
21 shared companies12 shared companies12 shared companies9 shared companies4 shared companies4 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companiesIcehouse Ventures: 3 shared companiesIcehouse Ventures3Startmate: 3 shared companiesStartmate3AfterWork Ventures: 2 shared companiesAfterWork Ventures2Altered Ventures: 2 shared companiesAltered Ventures2EVP: 2 shared companiesEVP2Investible: 2 shared companiesInvestible2New Zealand Growth Capital Partners: 2 shared companiesNew Zealand Growth Ca…2OIF Ventures: 2 shared companiesOIF Ventures2Antler: 1 shared companiesAntler1Beachhead Venture Capital: 1 shared companiesBeachhead Venture Cap…1Black Sheep Capital: 1 shared companiesBlack Sheep Capital1Blackbird: 1 shared companiesBlackbird1
Shared portfolio companies with Shearwater CapitalFirms that also back companies together

All co-investors or Compare portfolios with Icehouse Ventures

Compare Shearwater Capital head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Recent portfolio activity

when companies last raised with Shearwater Capital
DateCompanyStage
20 Apr 2026Ideallygoideally.comSeries A Led
1 Feb 2026Contentedcontentedai.comSeed
1 Jan 2026Factoryfactory.appSeries A Led

Round details for Shearwater Capital

Amounts, full round histories and every co-investor in Shearwater Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.

See rounds on Fundup AI →

Portfolio

24 companies checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
Amber Electricamber.com.au · AustraliaAmber provides renewable energy services, including wholesale electricity and battery automation, to residential customers.
EducationEducation
Portfolio page
Buildxactbuildxact.com.au · AustraliaBuildxact provides estimating and project management software for builders and suppliers
Real Estate & Construction
Portfolio page
ClearCalcsclearcalcs.comThe company provides a platform for engineering decisions and calculations
EducationIndustrial & Manufacturing
Portfolio page
Contentedcontentedai.com · New ZealandContented records meetings and transforms them into tailored documents and insights
AI & Machine LearningEnterprise Software
Feb 2026SeedPage + round
Earlytradeearlytrade.com · United StatesEarlytrade provides a platform for early payment negotiation in the construction industry
FintechConsumer
Portfolio page
Evenbetter.aievenbetter.ai · AustraliaEvenBetter helps HR professionals build high-performing companies through pay and workforce insights.
Human ResourcesAI & Machine Learning
Portfolio page
EVORRAevorra.comEvorra is the audience intelligence platform for performance, delivering multidimensional audience profiles that grow more precise with every signal.
Media & EntertainmentAI & Machine Learning
Portfolio page
Factoryfactory.app · United StatesThe company provides job shop software for fabricators
Industrial & Manufacturing
Jan 2026Series APage + round
Fuel50fuel50.comFuel50 gives HR leaders a whole-person view of talent to build critical capabilities, mobilize talent into the right opportunities, and help people grow
Human ResourcesAI & Machine Learning
Portfolio page
Ideallygoideally.com · New ZealandIdeally is the AI-powered research platform that puts real consumers behind every creative and commercial decision
AI & Machine LearningConsumer
Apr 2026Series APage + round
GPN Vaccinesgpnvaccines.com · USAGPN Vaccines is a clinical-stage company focused on creating innovative vaccines that offer robust protection against the world’s most important bacterial pathogens.
Healthcare & Biotech
Portfolio page
Parallelhelloparallel.comParallel provides a digital twin platform for advertising
Media & EntertainmentAI & Machine Learning
Portfolio page
Kepler Analyticskepleranalytics.com · AustraliaKepler Analytics helps retailers to understand the customer journey and improve sales conversion and resource allocation
Consumer
Portfolio page
LivePresolivepreso.comLivePreso turns approved content, business rules and customer data into personalised sales presentations.
FintechAI & Machine Learning
Portfolio page
Lokollokol.aiLokol turns trusted recommendations into sales for brands and revenue for the voices behind them
E-commerce & MarketplacesAI & Machine Learning
Portfolio page
Lykalyka.com.au · AustraliaLyka produces and delivers dog food made from real ingredients and formulated by a vet nutritionist.
Food & Agriculture
Portfolio page
Nexlnexl.cloud · United StatesNexl provides a legal CRM and growth platform for law firms to manage relationships and drive growth
Legal & ComplianceEnterprise Software
Portfolio page
Playground XYZplayground.xyz · Australia
Media & EntertainmentEducation
Portfolio page
Refundidrefundid.comRefundid handles returns and exchanges for online retailers and their customers
E-commerce & Marketplaces
Portfolio page
Runnrunn.ioRunn is resource management and capacity planning software for teams planning people across technical projects.
Enterprise SoftwareSpace & Defense
Portfolio page

About this data

site last read 5 Nov 2026
The homepage of Shearwater Capital, as last read
shearwater.co as VCinfo last read it
Site
shearwater.co
Last read
5 Nov 2026
Watching since
5 Nov 2026
Rounds since
1 Jan 2026
Companies checked
24

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.

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