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Shearwater Capital is a venture fund specializing in venture capital and private equity investments, operating from Sydney, NSW. The firm manages a $100 million fund, notable for its three founder partners who actively invest their own capital. This approach underscores their commitment and alignment with the founders they support. Shearwater Capital's investment strategy is primarily founder-centric, with the partners' collective business experience playing a crucial role in shaping their decisions and identifying the companies they choose to back. They aim to invest in founders they align with, reflecting a personalized investment philosophy.
Key people at Shearwater Capital.
The firm adopts a "founders first" philosophy, where the partners' business experience shapes their investment decisions and they seek to invest in founders they align with.
The three founder partners manage the fund and actively invest their own capital, leveraging their business experience to inform investment choices and engage with portfolio companies.
The firm adopts a "founders first" philosophy, where the partners' business experience shapes their investment decisions and they seek to invest in founders they align with.
The three founder partners manage the fund and actively invest their own capital, leveraging their business experience to inform investment choices and engage with portfolio companies.
Shearwater Capital is a venture fund based in Sydney, NSW, specializing in venture capital and private equity. The firm operates a $100 million fund, which is managed by three founder partners. A distinctive aspect of their model is that these partners invest their own capital into the fund, demonstrating a direct alignment with their investment strategy and the companies they support. This approach positions them as active participants in the growth of their portfolio.
The firm's investment philosophy is primarily focused on founders, embodying a "founders first" strategy. Shearwater Capital seeks to invest in individuals and teams with whom they establish a strong rapport, emphasizing a personal connection and mutual understanding in their investment decisions. They specifically look to back founders they "like," indicating a preference for strong interpersonal dynamics and shared vision.
The extensive business experience of Shearwater Capital's partners plays a significant role in shaping their investment perspective and operational approach. This background informs how they evaluate market opportunities, assess potential ventures, and influences their selection of companies. Their insights are applied to identify and support startups that align with their strategic vision and growth criteria, aiming to provide more than just capital.
As Venture Capital and Private Equity Principals, Shearwater Capital operates within the financial services industry, specifically targeting early-stage and growth companies. The firm maintains a lean organizational structure, typically employing between 2 to 10 individuals. This allows for a focused and hands-on engagement with its portfolio companies, reflecting their commitment to a personalized investment model.
Key people at Shearwater Capital.
Shearwater Capital has 7 tracked investments across 5 companies. The latest tracked deal is $25.0M Seed in Contented in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 11, 2026 | Contented | $25.0M Seed | Altered Capital | Aspire NZ, Icehouse Ventures, K1W1 |
| Feb 9, 2026 | Contented | $4.1M Seed | Altered Capital | Exhort Ventures, Icehouse Ventures, K1W1, NEW Zealand Growth Capital Partners, Phase ONE Ventures |
| Feb 3, 2026 | Factory | $3.3M Series A | Shearwater Capital | Adrian DI Marco, Martin Tobias, Beachhead, Investible |
| Jun 12, 2023 | Lyka Pet Food | $25.0M Series B | Stepstone Group | Adrian Petersen, Point King Capital |
| Feb 15, 2022 | Kepler Analytics | $15.7M Series B | Nigel Dews | Intervalley Ventures, Reinventure, Taronga Ventures, Whiteoak |
| Jan 1, 2022 | Buildxact | $13.0M Series A | Jessica Farr Jones | Double Prime LLP, Embedded Ventures, Entrée Capital Ventures, Felix Capital, Outrun Ventures, Possible Ventures, Project A Ventures, JAN Beckers, Ophir Asset Management, SecondQuarter Ventures, Thorney Investment Group, Washington H Soul Patterson |
| Jul 6, 2021 | Lyka Pet Food | $6.5M Series A | — | Craig Blair, Paul Wilson, Jessy WU, Wattle Hill Capital |