Venture capital fund · 20 deals
Edgecliff, NSW
Every published round Shearwater 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.
Companies Shearwater 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 |
|---|---|---|---|---|
| 2021 - Seed | 2022 Seed + | Nov 2022 | 1 | 1 | |
| 2021 - Series A | 2023 Series A+ | Retail analytics and foot traffic tracking software | Feb 2022, Series B | 1 | 0 |
| 2021 - Series B | 8 Apr 2021, Series B | 1 | 1 | |
| Buildxact | 1 Feb 2022, Series A | 1 | 0 | |
| ClearCalcs | 16 Nov 2022 | 2 | 2 | |
| Contented | 13 Feb 2026, Seed | 1 | 0 | |
| EvenBetter.ai | 10 Feb 2025 | 1 | 0 | |
| Factory | 27 Jan 2026, Series A | 1 | 1 | |
| Fuel50 | 10 Apr 2021 | 1 | 0 | |
| Ideally | 24 Apr 2026, Series A | 1 | 1 | |
| Kepler Analytics | 23 Feb 2022, Series B | 1 | 0 | |
| Lyka | Jun 2021, Series A | 2 | 0 | |
| Nexl | Dec 2023, Series A | 1 | 1 | |
| Parallel | 18 Jun 2026, Seed | 1 | 1 | |
| Series A - 2025 | Job shop software for fabricators to quote, schedule, and invoice | Jan 2026, Series A | 1 | 1 |
| Sitemate | 10 Aug 2022, Seed | 3 | 0 |
Companies Shearwater Capital's own portfolio page lists that no published round yet places it in. The page is the source; the round is being looked for.
| Company | Site |
|---|---|
| 2018 - Seed | 2020 - Sold Realised | audiencerepublic.com ↗ |
| 2019 - Seed | 2021 - Sold Realised | earlytrade.com ↗ |
| 2019 - Series A | livepreso.com ↗ |
| 2020 - Seed // Closed Closed | diffuse-energy.com ↗ |
| 2020 - Series A | 2024 - Sold Realised | amber.com.au ↗ |
| 2020 - Series A2 | 2022 - Series A3 | gpnvaccines.com ↗ |
| 2021 - Pre-Seed // Closed Closed | storipress.com ↗ |
| 2021 - Series A | buildxact.com.au ↗ |
| 2021 - Series A // CLOSED Closed | zeroco.com.au ↗ |
| 2024 - Inception Investor | 2026 - FOLLOW ON | evenbetter.ai ↗ |
| Amber Electric | - |
| Capital Brief | - |
| Diffuse Energy | - |
| Earlytrade | - |
| Evorra | - |
| Founder secondary - 2024 | vivi.io ↗ |
| GPN Vaccines | - |
| Inception Investor - 2025 | lokol.ai ↗ |
| Inception investor - 2026 | helloparallel.com ↗ |
| LivePreso | - |
| Lokol | - |
| Playground XYZ | playground.xyz ↗ |
| Post Seed - 2022 | runn.io ↗ |
| Pre-Seed - 2025 | zabidou.com ↗ |
| Refundid | - |
| Seed - 2022 | refundid.com ↗ |
| Seed - 2026 | contentedai.com ↗ |
| Series A - 2023 | nexl.cloud ↗ |
| Series A - 2026 | goideally.com ↗ |
| Storipress | - |
| Zabidou | - |
| Zero Co | - |
Fund closes reported for Shearwater Capital, as distinct from the investments it has made.
Companies Shearwater Capital has backed that another company then bought. An exit for the holding, not a deal Shearwater Capital did.
Stories naming Shearwater Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Rob Hall, who co-founded Playground xyz, has launched Parallel, a customer-suitability ad platform in Sydney and London, with Shearwater Capital investing AU$4 million at seed. Playground xyz was bought by GumGum in 2021.
Also europesays.com
Shearwater Capital republishes a profile of Mike Gregg recounting his two-decade personal stake in WiseTech, his earlier healthcare software exit, and the firm's repeated investments in pet food business Lyka.
Weekly roundup of three Series A raises: chipmaker Syenta (US$26m), insights platform Ideally and battery recycler Renewable Metals, detailing leads, amounts and each company's earlier funding.
Also Startup Daily
Research platform Ideally has secured a Series A round with Shearwater Capital leading, earmarked for US expansion, and unveiled a new product, Ideally Canvas.
Sydney pet food firm Lyka has banked a $67 million Series C led by New York's LGVP, with StepStone Group and Shearwater Capital taking part, to bankroll new products and overseas growth.
Also SmartCompany·SmartCompany·Startup Daily·Startup Daily·petnews.com.au
Weekly roundup of ten Australian and New Zealand startup raises totalling nearly $194 million, topped by Neara's $90 million round at a $1.1 billion valuation, with Splose, Operata, HAMR Energy and Adora also covered.
Contented has raised a $4.1 million seed round with Altered Capital leading six other investors; the page's funding history also lists a prior $25 million seed round.
Sydney maker of manufacturing software Factory has closed a 4.69 million Australian dollar Series A led by Shearwater Capital, with several co-investors, to build product, grow sales and enter the United States.
Roundup of six Australian funding deals: AutoGrab, Applied EV, Checkbox, Hometime, Factory and On the House, with amounts, investors, and Hometime's past acquisitions and raise history detailed.
Also Startup Daily
Sydney manufacturing software startup Factory has raised a $4.69 million Series A led by Shearwater Capital to build product capacity and expand into the US, after a seed round from Investible in 2023.
Shearwater Capital announces it led Factory's Series A and sets out its thesis: the Sydney startup's platform digitises fabrication workshops, with room to expand products, geography and financial services.
Roundup of six Australian and New Zealand funding rounds, headlined by Heidi Health and Octopus Deploy, also covering Nexl, OpenSolar, Lucent and PAM, with past acquisitions of Stella AI, MagicBrief and Codefresh noted.
Shearwater Capital's post recaps a second breakfast for its scouts network and introduces Updoc's commercial chief as a new member, saying the group keeps surfacing promising founders and companies for the firm.
Shearwater Capital announces its first cheque into EvenBetter.ai, an AI SaaS platform helping companies act on workplace pay equity, and recalls co-founders Ayal Steiner's Outbrain career and Sorrel's path to the startup.
Also SmartCompany
Sitemate, which builds no-code platforms for construction, has closed a $27.5 million Series A with Blackbird leading and prior backers aboard; the story also recalls earlier raises and its buyout of fleet-management firm Nomad.
Built-world software firm Sitemate has closed a $27.5m Series A led by Blackbird at a valuation above $150m; Blackbird also backed its 2022 seed, and Sitemate bought Nomad Fleet this year.
Also Startup Daily
Shearwater Capital's sixth-anniversary letter recounts its founding, 22 investments, and the close of its second fund, underwritten solely by Mike, giving the firm $100m to invest in Australian and New Zealand founders.
Shearwater's blog post announces it completed a secondary transaction buying shares from founders at Melbourne edtech firm Vivi, citing Vivi's school reach, North American growth, and its strategy of giving early backers liquidity.
GPN Vaccines, an Adelaide biotech, has closed a A$18 million Series B1 that beat its 15 million target, co-led by Forepont Capital and Mike Gregg, with Kern Capital joining as a new investor.
Weekly roundup of funding rounds at eleven Australian startups, including a $28 million Series B, a $14 million raise paired with an acquisition, and a neural-implant company appointing a new chief executive.
Construction software startup Sitemate has secured $7.5 million in pre-Series A funding, led by Marbruck Investments with Blackbird and Artesian participating, and intends to double headcount during 2024.
Shearwater Capital recounts touring portfolio company Lyka's Sydney pet food factory, noting its follow-on participation in the company's latest raise and an upcoming second facility in Melbourne.
Melbourne engineering-software firm ClearCalcs has landed a further $2.5 million led by EVP and Shearwater Capital to fund its next growth phase; the piece also notes a September growth-hire appointment.
Melbourne engineering software firm Calcs.com raised an extra $2.5 million from existing backers EVP and Shearwater Capital, lifting its pre-series total to $5 million after doubling revenue since its November 2021 round.
Australian engineering software maker ClearCalcs has raised 2.5 million dollars, with prior backers EVP and Shearwater Capital leading the round; proceeds fund customer growth, product expansion and hiring.
Melbourne engineering software firm ClearCalcs raised $2.5 million, led again by EVP and Shearwater Capital, doubling its pre-series capital to $5 million a year after raising $1.65 million.
Pet food subscription startup Lyka closed a $30 million Series B led by Israeli investor Itai Tsiddon, with Craig Blair and Paul Wilson returning; the article also recalls its 2018 raise and Adobe's Frame.io acquisition.
Also SmartCompany·Techboard·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Business News Australia
Shearwater Capital profiles portfolio company Storipress, noting it has closed a seed round following its 2021 pre-seed raise and been accepted into Startmate's next cohort.
Shearwater Capital recounts a 2022 portfolio dinner where Playground XYZ's founders shared their journey to the company's late-2021 acquisition by US firm GumGum.
Buildxact has completed an oversubscribed $18.5 million Series A, with Shearwater Capital among the backers and Regal Funds Management leading; several other investors also joined.
Kepler Analytics, a Melbourne retail analytics platform, has closed a $22 million Series B with OneVentures leading and Whiteoak, Taronga Ventures, Shearwater Capital, Reinventure and InterValley Ventures joining.
Shearwater Capital announces it has come on board for Kepler Analytics' $22 million Series B, a round led by OneVentures.
Also OneVentures portfolio·SmartCompany·Startup Daily·SmartCompany·AgFunderNews·retailbiz.com.au·retailbeauty.com.au
Weekly roundup reporting Butn's ASX listing, Cicada Innovations' renewed health-sector partnership, and fresh raises by Kāhu, FL0, Lyka, Sourse AI and Evos.
Shearwater Capital announces it has invested in Lyka Pet Food, noting the founder approached the firm directly through its website rather than through a warm introduction.
Also AfterWork Ventures·Defender AM portfolio·Defender AM portfolio·Shearwater Capital portfolio·SmartCompany·Business News Australia
Shearwell Capital announces it has invested in Fuel50's latest funding round, backing founders Jo Mills and Anne Fulton and their AI talent marketplace.
Fuel50 has raised a US$15.5 million Series B with PeakSpan and Shearwater leading the round, bringing lifetime funding to about $28.2 million as the talent marketplace firm plans growth across three regions.
Shearwater Capital shares a short video from its fund launch event, describing the night and the crowd in attendance.
Pay-equity software startup EvenBetter.ai has landed a half-million-dollar investment from Shearwater Capital ahead of next month's launch, as new Australian gender pay reporting rules take effect.