Fundraising Fox
Black Sheep Capital
Venture capitalNew Farm · Pre-Seed–Series A · 2 people tracked
Find your way into Black Sheep Capital
172 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 follows a 'be the most helpful investor' philosophy, backing exceptional founders with deep domain expertise who are building scalable, technology-driven companies. As high-conviction, thematic investors, the firm invests as early as concept/pre-seed and up to Series B, providing hands-on support across all stages of growth. It commits time, energy and combined operational and investing experience to accelerate portfolio companies from 0-1, leveraging networks to place the right advisors and people around founders. The firm positions itself as one of Australia's most active angel and seed investors, focusing on companies solving problems in Australia and beyond, with industry-standard terms and a principle-based investment approach.
Source: firm website, verified Sep 27, 2026.
Team · 2 people
from the firm's website
What they invest in
from 19 of 41 portfolio companiesSaaS ×12AI & Machine Learning ×8Enterprise Software ×6Fintech ×4Marketing Tech ×3B2B Marketplaces ×2Consumer ×2Data & Infrastructure ×2
HQs:Australia×8United States×3Indonesia×1
Who they back
founder profiles across 16 portfolio companiesFounding team size:solo founder×92 founders×64+ founders×1
Where their founders studiedfrom 17 founders with education data
University of Melbourne ×4The University of Queensland ×3UNSW ×3Griffith University ×2
What their founders studiedfrom 18 founders with field-of-study data
Business & Management ×8Finance & Accounting ×4Economics ×3Computer Science ×2Engineering ×2
Where their founders worked beforefrom 17 founders with career history
Goldman Sachs ×2Macquarie Group ×2Startmate ×2
Investments · 41 tracked
founders shown can be your intro pathBy year:2026 · 32022 · 22021 · 12017 · 17 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-investorsHellman & FriedmanJMI 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 VenturesArchangel VenturesUtiliti GroupCut Through AngelsSpring Capital
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
Amber gives Australian households direct access to wholesale electricity pricing so they can shift usage to cheaper, greener times and automatically export stored battery and EV energy for higher earnings.
CleantechClimate TechConsumerEnergy
Chris Thompson(Co-founder)inDan Adams(Co-founder)inJohn Bartonin
Co-investorsAlberts Impact VenturesBreakthrough VictoriaMain Sequence VenturesMighty PartnersShearwater CapitalSquare Peg Capital+2 more
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 VenturesNZVCOIF VenturesOur Innovation FundSprout+1 more
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.
Sebastien Eckersley-Maslin(Founder)in
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
Daniel Kimber(Founder)in
Co-investorsPeak XV Partners
Voice AI for customer engagement, supporting onboarding, validation and surveys through natural conversations.
Co-investorsQualgroJanuary CapitalReinventure 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 AngelsVentureCrowd
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 CatalystFive SigmaFull Circle Venture CapitalFundersClub+19 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 VenturesDefy PartnersPeak 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.
Co-investorsLAUNCH
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 VCDarcy NauntonFront Row FundTransition 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 SoftwareSaaSSydney, AU
Guy Pearson(Co-Founder & Executive Chairman)inDane Thomas(Co-Founder)inGreg Strickland(Chief Executive Officer)in
Co-investorsGlitch CapitalRight Click CapitalEVPJMI 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
David Kahn(Founder)in
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 CapitalFederationKing River Capital
Enterprise SoftwarePropTechSaaS
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
Alex MolloyinRitchie Cottonin
Co-investorsFull Circle Venture CapitalH2 VenturesReinventure Group
WithWine provides direct-to-consumer commerce software for wineries, including point-of-sale, wine club subscriptions, websites, CRM, email, chat, reporting, and accounting integrations.
Marketing TechRetail TechSaaSSydney, AU
Richard Owens(Founder)in
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AmberExtoMeetmodoMilestonepaymodoMoneyballPropellRocketedShopWingsThe Safety CompassTokenOneTopmeappUnscrabbleZapalago
Exits · 2
1 IPOs · 1 acquisitionsBlackbaudNASDAQ: BLKBSpaceconnectacq. by Sign In App
Portfolio news
latest coverage across their companies
Blackbaud · community.blackbaud.com · Jul 14, 2026
Haast · fintech.global · Apr 13, 2026
Frequently asked questions
- How many investments has Black Sheep Capital made?
- Black Sheep Capital has 41 tracked investments, 2 of which have exited, including 3 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, Sector Agnostic.
- Where is Black Sheep Capital located?
- Black Sheep Capital is headquartered in New Farm, AU.
- Does Black Sheep Capital lead rounds?
- Black Sheep Capital has led 3 of the 6 rounds where its role is on record.
- 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 49 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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