Black Sheep Capital
Venture capitalNew Farm · Pre-Seed–Series A · 2 people tracked
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 20 of 39 portfolio companiesSaaS ×12AI & Machine Learning ×8Enterprise Software ×7Fintech ×4Marketing Tech ×3Media & Entertainment ×3B2B Marketplaces ×2EdTech ×2
HQs:Australia×6United States×2Indonesia×1
Investments · 39 tracked
founders shown can be your intro pathBy year:2026 · 32021 · 14 dated
Blackbaud provides software for the social good sector, serving nonprofits, foundations, educational institutions, healthcare organizations, and companies managing corporate impact programs.
AI & Machine LearningCloud ComputingEdTechEnterprise SoftwareImpact & Social GoodSaaS
Mike Gianoni(President, CEO and Vice Chairman of the Board of Directors)Chad Anderson(Executive Vice President and Chief Financial Officer)Margaret Driscoll(Chief People and Culture Officer)David Benjamin(Executive Vice President and Chief Commercial Officer)Kevin Gregoire(Executive Vice President and Chief Operating Officer)Kevin McDearis(Executive Vice President and Chief Technology Officer)
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
Tim Fung(Founder)in
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
Anthill Online is an Australian business media publication covering funding and finance, technology and innovation, B2B sales and marketing, and management topics.
Media & Entertainment
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(Co-Founder)
Co-investorsArc AngelsIcehouse VenturesNZVCSproutTen13OIF Ventures
Beamible offers a platform that captures employee input through bottom-up surveys and applies analytics and modeling to identify inefficiencies, workload drivers, and opportunities in how work gets done.
Future of WorkHR TechSaaS
Co-investorsStorytime Capital
Startup builder partnering with entrepreneurs to build, grow and invest in tech startups.
Online marketplace connecting clients, brands and businesses with local creatives for creative projects.
Co-investorsSkalata
Brainfish builds AI support agents for B2B companies that resolve customer queries across chat, email, in-product, and Slack channels.
AI & Machine LearningEnterprise 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.
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 VenturesFull Circle Venture CapitalFundersClubM12 (Microsoft's Venture Fund)Madrona Venture Group+10 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 is a revenue and billing automation platform for firms and agencies that handles proposals, invoicing, payments, and workflows in one AI-powered product.
AI & Machine LearningEnterprise SoftwareFintechSaaS
Co-investorsAfterWork VenturesJMI Equity
Layer is a platform that connects game developers (licensees) with IP owners (licensors) to find partners for creative collaborations, including new games, skins, environments, and NFTs.
B2B MarketplacesGamingMedia & Entertainment
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 is a meeting collaboration application that records, transcribes, and summarizes meetings in real time, automatically generating action items and tasks.
AI & Machine LearningFuture of WorkSaaS
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 is an AI analytics platform with an agent called Sherpa that unifies marketing, inventory, and finance data for ecommerce and commerce brands to show which products and creatives drive sales, forecast stockouts, and recommend actions to improve advertising ROI and profit.
AI & Machine LearningE-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)Hein Vogel(Director)Ned Sizer(Executive Officer, Director)John Caplan(Director)
Co-investorsAlberts Impact VenturesArchangel VenturesFull Circle Venture Capital
Personal shopper service delivering groceries in as little as one hour.
Startup Daily is a subscription-free news and media outlet covering the Australian and New Zealand tech and startup ecosystem, publishing daily news, analysis, advice, and podcasts for founders, investors, and the broader community.
Media & Entertainment
Co-investorsAura VenturesRampersandAntlerArchangel VenturesAussie AngelsBreakthrough Victoria+8 more
Security/authentication startup focused on keeping secrets secret.
Valiant Finance operates an AI-assisted business loan marketplace that matches Australian SMEs with products from over 90 bank and non-bank lenders, covering asset finance, working capital, commercial property and trade finance.
B2B MarketplacesFintechSaaS
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 TechSaaS
Exits · 2
IPOs and acquisitions across the tracked portfolioBlackbaudNASDAQ: BLKBSpaceconnectacq. by Sign In App
Portfolio news
latest coverage across their companies
Startup Daily · alleywatch.com · Aug 17, 2026
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
Airtasker · startupdaily.net · Nov 17, 2025
Frequently asked questions
- How many investments has Black Sheep Capital made?
- Black Sheep Capital has 38 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, Aura Ventures, among 39 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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