Venture capital fund · 4 deals
Every published round Shearwater Growth Equity 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 |
|---|---|---|---|---|---|---|
| Lyka | Series B | Jun 2023 | $25m | Participant | Techboard, Forbes Australia, Business News Australia, Defender AM portfolio, SmartCompany (Fri 16 Jun 2023), SmartCompany (Fri 16 Jun 2023) | |
| ClearCalcs | Seed | Nov 2021 | $1.6m | Participant | startupscaleup.com.au, SmartCompany (Fri 18 Nov 2022), Startup Daily, Business News Australia, SmartCompany (Fri 19 Nov 2021) | |
| Diffuse Energy | Seed | 21 Jun 2020 | $400k | Lead | hunterheadline.com.au, SmartCompany, RenewEconomy | |
| Earlytrade | Unnamed stage | 29 Apr 2019 | $6m | Lead | SmartCompany, Australian FinTech |
Companies Shearwater Growth Equity has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| ClearCalcs | Nov 2021, Seed | 1 | 0 | |
| Diffuse Energy | 21 Jun 2020, Seed | 1 | 1 | |
| Earlytrade | 29 Apr 2019 | 1 | 1 | |
| Lyka | Jun 2023, Series B | 1 | 0 |
Fund closes reported for Shearwater Growth Equity, as distinct from the investments it has made.
Companies Shearwater Growth Equity has backed that another company then bought. An exit for the holding, not a deal Shearwater Growth Equity did.
| Name | Role | Sources |
|---|---|---|
| Charles Gibbon | Founder | SmartCompany, Australian FinTech |
| Mike Gregg | Founder | SmartCompany, Australian FinTech |
| Zac Zavos | Managing Partner (former) · Founder | hunterheadline.com.au, RenewEconomy, SmartCompany, Australian FinTech |
Stories naming Shearwater Growth Equity. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Accenture is buying CyberCX, a Melbourne-founded cyber security services provider with some 1400 staff, in its biggest such deal yet; the price is reported at more than $1 billion, pending regulatory approvals.
Also The Mandarin
Prysm Capital has invested a further $75 million in Sydney pet-care platform Pet Circle, keeping its valuation above $1 billion; the piece also recalls its 2021 Series C and Lyka's June raise.
Also Forbes Australia·Forbes Australia·SmartCompany·Techboard·Startup Daily·SmartCompany
Weekly roundup of six Australian startup raises: Lyka's Series B extension, plus new funding for HydGene, JDoodle, One Future Football, Aquila and Number 8 Bio, with investors and founder comment.
Also RenewEconomy·Startup Daily·SmartCompany·Startup Daily·SmartCompany·RenewEconomy·RenewEconomy
Weekly roundup of Australian startup raises, including Airwallex's Series E extension, Fleet Space's Series B and Montu's record crowdfunding, plus Giant Leap raising $19.5 million toward a $50 million second fund.
Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Business News Australia·startupscaleup.com.au·SmartCompany
Diffuse Energy, a University of Newcastle startup, has secured seed funding from Shearwater Growth Equity to scale production of its small diffuser wind turbines for telecommunications and emergency services use.
Sydney supplier-payment marketplace Earlytrade completed a $6 million raise, led by new venture fund Shearwater Growth Equity with $2.5 million, alongside several high-net-worth individuals, with Shearwater's founders joining the board.
Also Australian FinTech