Shearwater Capital
Venture capitalPre-Seed–Late Stage · 6 people tracked
Investment thesis
Shearwater invests its own capital rather than raising outside funds, a structure it says shapes how it operates with transparency and long-term alignment. Founded by former founders in 2018, the firm prioritizes backing people first, seeking founders with integrity, ambition and clear insight who are building enduring companies. It invests at any stage — from inception and seed through Series A and beyond — and buys founder and secondary shares where it makes sense, regardless of whether it is already on the cap table. The firm has no fund horizons, preferring to compound alongside companies over time. It is industry agnostic, with particular experience in advertising, marketing, legaltech and media.
Source: firm website, verified Aug 3, 2026.
Team · 6 people
from the firm's website
What they invest in
from 14 of 28 portfolio companiesSaaS ×8AI & Machine Learning ×4Future of Work ×3HR Tech ×3Construction Tech ×2Marketing Tech ×2Advanced Manufacturing ×1Biotech ×1
HQs:Australia×3United States×2
Investments · 28 tracked
founders shown can be your intro path
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)Dan Adams(Co-founder)John Bartonin
Co-investorsAlberts Impact VenturesSquare Peg CapitalVirescent Ventures
Audience Republic is a marketing and CRM platform built for event organizers, promoters, venues, and festivals, with a focus on the live music industry.
Marketing TechMedia & EntertainmentSaaS
Co-investorsEarl Grey CapitalTen13
Buildxact is a cloud-based estimating and job management platform for residential builders, general contractors, and trades, offering AI-assisted takeoffs, quoting, material purchasing, and project management across tiered plans.
Construction TechPropTechSaaS
Co-investorsPerennial PartnersPremier Capital PartnersSuperSeed Ventures
Co-investorsWhakatipu Ōtautahi
EvenBetter AI provides pay equity analysis tools for companies to identify and address gender-based pay gaps using employee compensation data.
AI & Machine LearningHR Tech
Factory provides online job management tools for small manufacturing fabricators, letting them create orders, collaborate on work, schedule jobs, and track time in one place.
Advanced ManufacturingSaaS
Co-investorsBeachhead Venture CapitalIncisive VenturesUtiliti GroupBlackstoneKhosla VenturesNew Enterprise Associates (NEA)+1 more
Fuel50 provides skills intelligence software that helps organizations map the skills they have and the capabilities they need, then powers an internal talent marketplace connecting employees to roles, projects, and career paths.
Enterprise SoftwareFuture of WorkHR TechSaaSLaguna Nigel, US
Anne Fulton(Executive Officer, Director)inJoanne Mills(Executive Officer, Director)Ron Shah(Executive Officer)
BoardJames Andelman(Director)inAndrew Filipowski(Director)Brian Platz(Director)
Co-investorsArc AngelsBonfire VenturesIcehouse Ventures
BiotechWilmington, US
Timothy Hirst(Executive Officer, Director)James Selkirk(Executive Officer)
Co-investorsForepont Capital PartnersKern Capital, LLC
Co-investorsForepont Capital Partners
Co-investorsInterValley Ventures
lokol is an artificial intelligence platform in development; specific details about its functionality and target market are not yet disclosed on the landing page.
AI & Machine Learning
Lyka delivers fresh, gently cooked meals tailored to individual dogs through a subscription service across Australia.
FoodTechSydney, AU
Dr Matthew Muir(Co-founder & Integrative Veterinarian)
Co-investorsAfterWork VenturesMighty Partners
Refundid provides ecommerce returns software that offers shoppers instant refunds, exchanges, and store credits through a single returns portal, while automating return management for online retailers.
E-commerceRetail TechSaaS
Co-investorsCota CapitalTouch VenturesAP Ventures
Runn provides capacity planning and resource forecasting software that helps teams visualize workforce availability, project demand, and workload distribution in real-time.
Future of WorkHR TechSaaS
Co-investorsAfterWork VenturesGD1NZ Growth Capital Partners
Sitemate builds digital tools and workflow automation software for engineering, trades, and technical workforces across the built world, aiming to reduce administrative burden and increase productivity.
AI & Machine LearningConstruction TechFuture of WorkSaaS
Hartley(CEO)
Co-investorsArtesianBlackbird VenturesOIF VenturesOur Innovation FundSydney Angels
Modern publishing platform for independent media; wound down in 2024.
Co-investorsBoson Ventures
Portfolio news
latest coverage across their companiesFactory · manufacturingdive.com · Aug 6, 2026
Frequently asked questions
- How many investments has Shearwater Capital made?
- Shearwater Capital has 28 tracked investments.
- What stage does Shearwater Capital invest at?
- Shearwater Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What is Shearwater Capital's typical check size?
- Shearwater Capital typically writes checks of $200K – $5M.
- What sectors does Shearwater Capital focus on?
- Shearwater Capital focuses on AdTech, Consumer, Enterprise Software, LegalTech, Marketing Tech, Media & Entertainment, SaaS, Sector Agnostic.
- Does Shearwater Capital lead rounds?
- Yes, Shearwater Capital leads investment rounds.
- Who does Shearwater Capital co-invest with?
- Shearwater Capital most often shares deals with AfterWork Ventures, Blackbird Ventures, Rampersand, among 31 tracked co-investors.
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