Venture capital fund · 2 deals
Every published round Arrowroot Capital took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Protecht | Series A | 16 Feb 2022 | $42m | Lead | Startup Daily (Tue 25 Mar 2025), Startup Daily (Wed 16 Feb 2022) | |
| Fluent Commerce | Series B | 6 Aug 2019 | $33m | Lead | Startup Daily (Fri 20 Feb 2026), SmartCompany (Fri 20 Feb 2026), SmartCompany (Tue 17 Feb 2026), ARN (ARNnet), Startup Daily (Fri 9 Aug 2019), SmartCompany (Tue 6 Aug 2019) |
Companies Arrowroot Capital has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Fluent Commerce | 6 Aug 2019, Series B | 1 | 1 | |
| Protecht | 16 Feb 2022, Series A | 1 | 1 |
Fund closes reported for Arrowroot Capital, as distinct from the investments it has made.
Companies Arrowroot Capital has backed that another company then bought. An exit for the holding, not a deal Arrowroot Capital did.
| Name | Role | Sources |
|---|---|---|
| Matt Klein | Principal | Startup Daily (Wed 16 Feb 2022), Startup Daily (Fri 9 Aug 2019) |
Stories naming Arrowroot Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of the week's Australian startup funding: fresh raises for five companies, Startmate's Summer '26 accelerator intake of 19 startups, and Affinda's acquisition of Pathfindr.
Also Startup Daily
Sydney risk-and-compliance software firm Protecht has sold a majority stake to US firm PSG Equity for US$280 million, giving Arrowroot Capital an exit three years after leading the bootstrapped company's first raise.
Melbourne construction software firm HammerTech has raised $105 million from California's Riverwood Capital, which takes a board seat, with the money earmarked for US expansion and AI development.
Sydney enterprise risk management software firm Protecht has raised a $42 million Series A from California growth equity firm Arrowroot Capital to fund product features, customer service and global expansion.
Also Startup Daily
Weekly roundup reporting seven startup raises, led by Fluent Commerce's Series B backed by Arrowroot Capital, plus funding for SpeeDx, eftsure, handdii, Pharmamark Nutrition, DC Power Co and Lumary.
Sydney order-management software firm Fluent Commerce has raised a Series B round led by American investor Arrowroot Capital, with funds earmarked for sales, marketing, product development and international expansion.
Also Startup Daily·SmartCompany·SmartCompany·Startup Daily·ARN (ARNnet)