Fundraising Fox

Darcy Naunton

Venture capital

Sydney · Pre-Seed–Series A · 53 people tracked

Find your way into Darcy Naunton

9,080 people in our graph share verified history with the Darcy Naunton team — schools, employers, funds. One of them is your warm intro.

James Detweilerunlockedknows Nick Tonkin · together at Morgan Stanley
knows the team · via McKinsey & Company
knows the team · via Credit Suisse
×2knows the team · via Stanford University Graduate School of Business
×5knows the team · via Morgan Stanley
×2knows the team · via Harvard University
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Investment thesis

Black Nova is a founder-focused VC that backs brilliant founders solving acute problems in the B2B SaaS industry. It looks for teams with deep domain expertise and determined, ambitious founding members, investing from the pre-seed to Series A stage. The firm emphasizes a transparent, supportive, and trust-based approach to working with founders, moving quickly and being balanced in negotiating terms and cheque sizes. Its stated objective is to deliver strong returns while genuinely supporting the founders it partners with.

Source: firm website, verified Aug 7, 2026.

Stage
Pre-Seed–Series A
Check
$100K
HQ
Sydney, AU
Instruments
Equity
Tracked investments
7

Team · 53 people

from the firm's website & curated
Matthew Browne· Managing Partner
Nick Tonkin· Partner
Joshua Farrugia· Principal, Head of Investment and Operations
Alex Lennon· Head of Talent
Chris Wanner· Operating Partner
Dan Ross· Operating Partner
Noga Edelstein· Operating Partner
Tim Baker· Financial Services Professional

6 people who came through Darcy Naunton went on to found or lead other companies.

What they invest in

from 5 of 7 portfolio companies

SaaS ×4Enterprise Software ×3Climate Tech ×2AI & Machine Learning ×1Circular Economy ×1Cloud Computing ×1Data & Infrastructure ×1Digital Health ×1

HQs:Australia×5

Investments · 7 tracked

founders shown can be your intro path
Blacknovablacknova.vc

Black Nova is a venture capital firm providing strategic support to portfolio companies through experienced venture partners.

Sector AgnosticSydney, AU

Anthony Woodward(Founder Operator and Venture Partner)

BoardRob Skillington(Venture Partner)Alok Kulkarni(Venture Partner)Elon Aizenstros(Venture Partner)

Functionlyfunctionly.comin𝕏

Functionly provides a platform for visualizing and managing organizational structures by unifying people data across systems.

Enterprise SoftwareFuture of WorkHR TechSaaS

Co-investorsAfterWork VenturesBlack Nova VC

Kismetkismet.healthcare

Kismet operates a digital marketplace connecting users with disability and healthcare services.

Digital HealthHealthtechMarketplacesAustralia, AU

Co-investorsAirTree VenturesBlack Nova VCCrane Venture PartnersFlying Fox VenturesProsus Ventures

Operataoperata.comin𝕏

Operata provides a real-time CX Insights Graph that correlates technical, operations, and experience data to surface performance anomalies and actionable recommendations for contact center and customer experience teams.

AI & Machine LearningCloud ComputingEnterprise SoftwareSaaS

Romilly Blackburn(Founder)in

Co-investorsBlack Nova VCFlying Fox VenturesTidal Ventures

Pathzeropathzero.comin𝕏

Pathzero offers a climate intelligence platform that helps financial institutions and companies manage carbon emissions data from ingestion to disclosure, including a private markets disclosure network connecting asset owners with fund managers.

Climate TechFintechSaaSSydney, AU

Carl Prins(Co-Founder & CEO)inCharbel Ayoub(Co-Founder & CTO)inAlex De Muelenaere(COO / CFO)in

Co-investorsBlack Nova VC

Phantmphantm.comin

Phantm develops solutions for managing packaging materials and regulatory compliance in the materials industry.

Circular EconomyClimate TechData & InfrastructureEnterprise SoftwareSaaS

Elliot Costello(Cofounder and CEO)inSimon Taylor(Cofounder and Director)inSean Bonadeo(Cofounder and Director)inMatt Kendallin

Co-investorsBlack Nova VCSalus Ventures

RightPawrightpaw.com.au

Australian online marketplace connecting prospective dog owners with vet-approved, responsible breeders.

Sydney, AU

Nathan Olivieri(Founder)in

Co-investorsBlack Nova VC

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Darcy Naunton made?
Darcy Naunton has 7 tracked investments.
What stage does Darcy Naunton invest at?
Darcy Naunton invests at the Pre-Seed, Seed, Series A stages.
What is Darcy Naunton's typical check size?
Darcy Naunton typically writes checks of $100K.
What sectors does Darcy Naunton focus on?
Darcy Naunton focuses on Enterprise Software, SaaS.
Where is Darcy Naunton located?
Darcy Naunton is headquartered in Sydney, AU.
Who does Darcy Naunton co-invest with?
Darcy Naunton most often shares deals with Black Nova VC, Flying Fox Ventures, AirTree Ventures, among 7 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Abundance mindset - Stuart Richardson & Darcy Naunton (Adventur.e Capital) | Startup Playbook Ep040

Rohit Bhargava · Darcy Naunton

The Best Advice I Ever Received... Darcy Naunton | YBF Ventures

YBF Ventures · Darcy Naunton

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