Darcy Naunton
Venture capitalSydney · Pre-Seed–Series A · 32 people tracked
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.
Team · 32 people
from the firm's websiteWhat they invest in
from 4 of 7 portfolio companiesSaaS ×3AI & Machine Learning ×1Climate Tech ×1Digital Health ×1Enterprise Software ×1Fintech ×1Future of Work ×1Healthtech ×1
HQs:Australia×2
Investments · 7 tracked
founders shown can be your intro pathFunctionly provides a platform to visualize and manage organizational structures by unifying workforce data across systems.
Future of WorkHR TechSaaS
Co-investorsAfterWork VenturesBlack Nova VC
Kismet is a platform that matches people using Australia's National Disability Insurance Scheme (NDIS) with suitable service providers and offers tools for NDIS budgeting, financial management, and plan navigation.
Digital HealthHealthtechMarketplaces
Co-investorsCrane Venture PartnersFlying Fox VenturesAirTree VenturesProsus Ventures
Operata provides an observability platform that captures metrics, events, logs and traces across contact center tech stacks — including voice AI, CCaaS, CRM, networks, browsers, headsets and telephony — to monitor and troubleshoot live customer interactions.
AI & Machine LearningEnterprise SoftwareSaaS
Co-investorsBlack Nova VCFlying Fox VenturesTidal Ventures
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)Charbel Ayoub(Co-Founder & CTO)Alex De Muelenaere(COO / CFO)
Co-investorsBlack Nova VC
Co-investorsBlack Nova VC
Portfolio news
latest coverage across their companiesOperata · thesaasnews.com · Feb 23, 2026
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, AfterWork Ventures, among 5 tracked co-investors.
Media · Podcasts & interviews
featuring the teamAbundance 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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