🦊/Investors

Altered Capital

Venture capital

Auckland · Series A–Late Stage · 12 people tracked

Find your way into Altered Capital

2,534 people in our graph share verified history with the Altered Capital team — schools, employers, funds. One of them is your warm intro.

Jen Wangunlockedknows Nick Hallwright · together at UBS (overlapped)
×8knows the team · via Goldman Sachs
×2knows the team · via Ey
knows the team · via University of Auckland
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Investment thesis

Altered Capital positions itself around 'positive sum thinking' and reasoning from first principles, aiming to unlock potential and back global pioneers. The firm emphasizes commitment beyond capital to the founders and companies it supports.

Source: firm website, verified Aug 3, 2026.

Stage
Series A–Late Stage
HQ
Auckland, NZ
Leads rounds
Leads
Instruments
Equity
Founded
2022
AUM
$350M
Tracked investments
4

Team · 12 people

from the firm's website & public directories
Craig Mawdsley· Founding Partnerin
Sam Rapson· Partnerin
Nick Hallwright· Investment Directorin
Heath Milne· Investment Managerin
Joshua Commons· Investment Analystin

What they invest in

from 3 of 4 portfolio companies

SaaS ×3AI & Machine Learning ×1Consumer ×1Enterprise Software ×1Fintech ×1LegalTech ×1Logistics & Supply Chain ×1

HQs:Australia×1Canada×1New Zealand×1Singapore×1

Investments · 4 tracked

founders shown can be your intro path
Icehouse Venturesicehouseventures.co.nz

Icehouse Ventures is a venture capital firm that invests in New Zealand founders building global companies, backing them from early stages through scaling.

Sector Agnostic

Co-investorsArc AngelsNZ Growth Capital PartnersBoxGroupCategory VenturesGreylock PartnersIcehouse Ventures+2 more

Pearlerpearler.comin𝕏

Pearler is an investing platform that lets Australian retail investors buy US shares and ETFs on the NYSE and NASDAQ using AUD, with fractional shares, dividend reinvestment, and automation tools like dollar-cost averaging and portfolio rebalancing.

ConsumerFintechSaaS

Hayden Smith(Founder)in

Co-investorsArchangel VenturesMighty PartnersTen13Portage Ventures

Starboardstarboard.bizinSep 2025

Starboard offers an AI agent that automates the freight quoting workflow for freight forwarders, reading RFQs, sourcing carrier rates, applying margins, and generating quotes.

AI & Machine LearningLogistics & Supply ChainSaaSToronto, CA

Sumeet T(Founder)

Co-investorsFlair VenturesGaruda VenturesEclipseIcehouse VenturesKing River CapitalOIF Ventures

Starboardstarboardhq.cominSep 2025

Starboard provides company formation and compliance services for startups and businesses, simplifying legal registration and regulatory requirements.

Enterprise SoftwareLegalTechSaaS

Co-investorsITERATIVEEclipseEverywhere VenturesGaruda VenturesIcehouse VenturesKing River Capital+1 more

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Altered Capital invest at?
Altered Capital invests at the Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does Altered Capital focus on?
Altered Capital focuses on EdTech, Fintech, Healthtech, SaaS, Sector Agnostic.
Where is Altered Capital located?
Altered Capital is headquartered in Auckland, NZ.
Does Altered Capital lead rounds?
Yes, Altered Capital leads investment rounds.

Images

Altered Capital photo

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