Black Sheep Capital
Venture capitalNew Farm · Pre-Seed–Series A · 2 people tracked
Find your way into Black Sheep Capital
148 people in our graph share verified history with the Black Sheep Capital team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Black Sheep Capital invests in early-stage technology companies, focusing on exceptional founders with deep domain expertise building scalable, tech-driven businesses in Australia and beyond. It describes itself as a high-conviction, thematic-driven micro venture investor that aims to be 'the most helpful investor', providing hands-on support across strategy, growth, connections and advice from day one. Typical entry points range from concept/pre-seed to Series A (and occasionally as late as Series B), with indicative first cheques around A$100k at pre-seed, A$250k at seed and A$500k at Series A. The firm emphasizes industry-standard terms, principle-based decisions and long-term, high-trust relationships with founders.
Source: firm website, verified Aug 7, 2026.
Team · 2 people
from the firm's website
What they invest in
from 18 of 37 portfolio companiesSaaS ×12AI & Machine Learning ×8Enterprise Software ×6Fintech ×4Marketing Tech ×3B2B Marketplaces ×2Data & Infrastructure ×2Future of Work ×2
HQs:Australia×6United States×2Indonesia×1
Who they back
founder profiles across 11 portfolio companiesFounding team size:solo founder×62 founders×44+ founders×1
Where their founders studiedfrom 12 founders with education data
The University of Queensland ×3Griffith University ×2University of Melbourne ×2UNSW ×2
Where their founders worked beforefrom 12 founders with career history
Macquarie Group ×2Startmate ×2
Investments · 37 tracked
founders shown can be your intro pathBy year:2026 · 32021 · 14 dated
Blackbaud provides cloud software for social impact organizations — including nonprofits, schools, foundations, and companies — covering fundraising, financial management, grantmaking, corporate giving programs, and school administration.
AI & Machine LearningImpact & Social GoodSaaS
Mike Gianoni(President, CEO and Vice Chairman of the Board of Directors)inChad Anderson(Executive Vice President and Chief Financial Officer)inMargaret Driscoll(Chief People and Culture Officer)inDavid Benjamin(Executive Vice President and Chief Commercial Officer)inKevin Gregoire(Executive Vice President and Chief Operating Officer)inKevin McDearis(Executive Vice President and Chief Technology Officer)in
Co-investorsJMI EquityRock River Capital PartnersBasis Set VenturesBlueprint Equity
Cloud-based platform for institutions to execute partnerships and exchange compliance documents for onboarding and review.
Co-investorsAfterWork VenturesUtiliti Group
Airtasker is a community marketplace platform connecting people who need tasks completed with independent workers available to perform those tasks.
MarketplacesAustralia, AU
Co-investorsChannel 4 VenturesExto PartnersFull Circle Venture CapitalSapien Ventures / Sapien GroupiHeartMedia
Australian electricity retailer passing through wholesale prices with smart-home integration for cheaper, greener power.
Co-investorsMain Sequence VenturesMighty PartnersTripple
Appetise is a meal-planning app that generates recipes and smart shopping lists, letting users shop for ingredients online or in-store at their local supermarket.
ConsumerFoodTechMarketplacesRetail TechSaaS
Elise(Co-Founder)Toby Hilliam (Skilton)(Founder)in
Co-investorsArc AngelsIcehouse VenturesNZVCSproutTen13OIF Ventures
Beamible is a platform that helps organizations optimize workforce allocation and work design through data-driven insights, enabling managers and leaders to align roles with employee capabilities and organizational needs.
Enterprise SoftwareFuture of WorkHR TechSaaS
Stephanie Reuss(Co-CEO & Co-Founder)inVictoria Stuart(Co-CEO & Co-Founder)in
Co-investorsStorytime Capital
Startup builder partnering with entrepreneurs to build, grow and invest in tech startups.
Co-investorsHatcher+
Online marketplace connecting clients, brands and businesses with local creatives for creative projects.
Co-investorsSkalata
Brainfish provides an AI knowledge layer that answers internal team questions with grounded, cited responses inside collaboration tools like Microsoft Teams and Slack, drawing from a company's authored knowledge base, docs, tickets, and call transcripts.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaS
Voice AI for customer engagement, supporting onboarding, validation and surveys through natural conversations.
Co-investorsQualgroReinventure Group
Dataro uses predictive models to score a nonprofit's donor file and build ranked audiences for direct mail and telemarketing appeals, recommending optimal ask amounts, channels, and suppression logic.
AI & Machine LearningMarketing TechSaaS
Co-investorsBasis Set VenturesBlueprint EquitySave the Children Global VenturesReinventure Group
Delivery management software priced per delivery.
Co-investorsIFM InvestorsThorney Investment Group
A digital transaction platform offering bill payments, digital purchases, and integrated payment methods for individuals and businesses in Indonesia.
Fintech
Co-investorsSydney Angels
Go1 is an online learning platform that aggregates training content from over 250 providers into a single subscription for learning and development leaders.
EdTechEnterprise SoftwareHR TechSaaSSan Francisco, US
Andrew Barnes(Founder/CEO)inChris Eigeland(Founder and CEO)inVu Tran(Founder)Chris Hood(Founder/CTO)in
Co-investorsAfterWork VenturesAirTree VenturesEndeavor CatalystFull Circle Venture CapitalFundersClubM12 (Microsoft's Venture Fund)+12 more
Haast is an AI compliance platform that reviews regulated content and communications before publication, continuously monitors live digital channels, and performs regulatory horizon scanning, all tuned to an organization's specific risk tolerance.
AI & Machine LearningEnterprise SoftwareLegalTech
Kunal Vankadara(Founder)inLiam King(Founder)in
Co-investorsAirTree VenturesAura VenturesPeak XV Partners
Ignition provides software for professional services firms and agencies to create online client proposals, collect upfront payments, and automate billing and agreement management.
AI & Machine LearningFintechSaaS
Co-investorsAfterWork VenturesJMI Equity
Layer Licensing facilitates IP licensing partnerships between games and entertainment IP holders, enabling developers and publishers to integrate brand content into games and interactive experiences across multiple platforms.
B2B MarketplacesCreator EconomyGamingMedia & Entertainment
Simon Kay
Co-investorsAura VenturesTen13
Desktop productivity tool that increases focus and attention to help get things done.
Mindful productivity app to reduce stress and help users focus on what matters.
Daily fantasy sports platform offering cash prizes.
Notiv builds an AI-powered meeting solution that uses speech recognition and natural language processing to improve conversations and help teams share information more effectively.
AI & Machine LearningFuture of WorkSaaS
Chris Raethke(CEO)Jaco Du Plessis(AI Lead)Dr Iain McCowan(Engineering Lead)
Co-investorsBlack Nova VCTransition Level Investments
Ignition provides AI-powered pricing insights and automated billing solutions for professional services firms and agencies to optimize revenue through streamlined client agreements and payment collection.
AI & Machine LearningEnterprise SoftwareSaaS
Co-investorsRight Click CapitalJMI EquityTiger Global Management
ProfitPeak provides a platform for ecommerce and retail businesses to track advertising profitability across channels, optimize product performance, and forecast inventory demand using first-party data and AI-powered analytics.
AdTechAI & Machine LearningData & InfrastructureE-commerceMarketing Tech
Fintech company providing simple financial solutions for small business owners.
Propell is an Australian SME lender offering unsecured business loans from $20k to $250k based on bank statements and real business performance rather than credit scores.
Fintech
Early breach detection technology using a new approach to security.
Small business parcel delivery startup that raised a $5M Series A round led by Full Circle Venture Capital.
Seattle, US
James Chin Moody(Executive Officer, Director)inHein Vogel(Director)Ned Sizer(Executive Officer, Director)John Caplan(Director)
Co-investorsAlberts Impact VenturesArchangel VenturesFull Circle Venture CapitalFederation
Personal shopper service delivering groceries in as little as one hour.
Security/authentication startup focused on keeping secrets secret.
Valiant is an online lending marketplace that connects small businesses in Australia with over 90 lenders to access various types of commercial finance.
B2B MarketplacesFintechSaaSAustralia, AU
Co-investorsFull Circle Venture CapitalH2 VenturesReinventure Group
Exits · 2
IPOs and acquisitions across the tracked portfolioBlackbaudNASDAQ: BLKBSpaceconnectacq. by Sign In App
Portfolio news
latest coverage across their companies
Haast · saasrise.com · Jul 29, 2026
Blackbaud · tickerreport.com · Jul 18, 2026
Appetise · bandt.com.au · Feb 20, 2026
Dataro · ventureburn.com · Feb 18, 2026
Sendle · smartcompany.com.au · Jan 20, 2026
Airtasker · startupdaily.net · Nov 17, 2025
Frequently asked questions
- How many investments has Black Sheep Capital made?
- Black Sheep Capital has 36 tracked investments, 1 of which have exited via acquisition or IPO, including 2 dated in the last 24 months.
- What stage does Black Sheep Capital invest at?
- Black Sheep Capital invests at the Pre-Seed, Seed, Series A stages.
- What is Black Sheep Capital's typical check size?
- Black Sheep Capital typically writes checks of $100K – $500K.
- What sectors does Black Sheep Capital focus on?
- Black Sheep Capital focuses on AI & Machine Learning, E-commerce, Energy, Fintech, Future of Work, Marketplaces, SaaS.
- Where is Black Sheep Capital located?
- Black Sheep Capital is headquartered in New Farm, AU.
- Who does Black Sheep Capital co-invest with?
- Black Sheep Capital most often shares deals with Full Circle Venture Capital, AfterWork Ventures, AirTree Ventures, among 41 tracked co-investors.
Media · Podcasts & interviews
featuring the teamVC-as-a-Service - Dan Gavel (Director - Black Sheep Capital) | Startup Playbook Ep076
Rohit Bhargava · Dan Gavel
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