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Starfish Ventures

Venture capital

Melbourne · Pre-Seed–Growth · 2 people tracked

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Investment thesis

Starfish Ventures backs high-growth technology businesses from an Australian base, with an investment focus spanning information technology and life sciences. The firm emphasizes partnering with entrepreneurs and investing in people rather than technology alone, taking a company-growth approach that helps founders expand teams, build product, scale globally, and achieve successful exits. Its investment philosophy targets novel technologies that create new markets or supply new products and services to existing markets, with an emphasis on preparing for exits from the outset in order to deliver superior returns to investors.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Growth
Check
$2M – $3.3M
HQ
Melbourne, Victoria, AU
Instruments
Equity
Founded
2001
AUM
$267M
Tracked investments
48

Team · 2 people

from the firm's website
John Dyson· Investment Principalin

Co-founder of Starfish Ventures, which he established in Melbourne in 2001.

Michael Panaccio· Investment Principalin

Co-founder of Starfish Ventures, which he established in Melbourne in 2001.

What they invest in

from 11 of 48 portfolio companies

Healthtech ×5SaaS ×5Medical Devices ×4AI & Machine Learning ×3Enterprise Software ×3Biotech ×2Digital Health ×2Hardware ×2

HQs:Australia×7United States×2

Investments · 48 tracked

founders shown can be your intro path

By year:2017 · 12015 · 12 dated

Protagonist Therapeuticsprotagonist-inc.comin𝕏NASDAQ: PTGXJul 2015

Protagonist is a company that emphasizes a diverse and inclusive corporate culture as central to its innovation, with stated goals of creating wins for its organization and for patients.

BiotechHealthtechMilpitas, US

Dinesh V. Patel, PhD(Executive Officer, Director)Dinesh Patel(President & Chief Executive Officer)

BoardAsish K. Xavier, Ph.D.(Director)Michael Panaccio, Ph.D.(Director)Armen Shanafelt, Ph.D.(Director)Paul F. Truex(Director)

Co-investorsAisling CapitalCanaan PartnersJJDCLilly Ventures

H3Dh3d.aiinSep 2017✓ verified

H3D builds an AI platform called AutoDesign that automates the design of custom-fit products, replacing manual CAD work for hearing labs (hearing aids, hearing protection, consumer audio) and dental labs.

AI & Machine LearningHealthtechMedical DevicesSaaSAnn Arbor, AU

Philip Kinsella(Co-founder & CTO)Iain Mcleod(Co-founder & CEO)Zhong He(Executive Officer, Director)John Yu(Director)Feng Zhang(Director)

Co-investorsSignificant VenturesSkalata

5th Finger
Aktanaaktana.comin

Aktana provides a real-time orchestration platform for pharmaceutical marketing that coordinates digital and field engagement across channels to reach healthcare professionals at optimal times.

AI & Machine LearningEnterprise SoftwareSales TechSan Francisco, US

David J. Ehrlich(Executive Officer, Director)Derek Choy(Executive Officer, Director)Jin Huang(Executive Officer)Rob Willson(Executive Officer)Marc-david Cohen(Executive Officer)

BoardAnthony Glenning(Director)

Co-investorsHLM Venture PartnersNorwest Venture PartnersUpfront VenturesB4 CapitalTRANSFORMATION CAPITAL

Armaron Bio
Aruspex
Atmailatmail.comin𝕏

Atmail provides hosted and cloud-based email services along with email protection, help centre, and support and training offerings for businesses and service providers.

Cloud ComputingCybersecurityEnterprise SoftwareSaaS

Dave Richardsin

Audinate
Ausra
Bubble Gum Interactivebubbleguminteractive.com

Bubble Gum Interactive is a games studio that develops video games and interactive experiences for children and general audiences, including mobile games, educational games, and augmented/virtual reality applications.

EdTechGamingSydney, AU

Co-investorsSydney Angels

CapX
DesignCrowddesigncrowd.com.au𝕏

DesignCrowd is an online creative marketplace connecting businesses and startups with a global network of designers for custom graphic, logo, web, and print design projects.

Creator EconomyMarketplacesSaaSMelbourne, AU

Alec Lynch(Founder & CEO)

Co-investorsRight Click CapitalAirTree VenturesAlium Capital

Distra
DorsaVidorsavi.comin𝕏

Dorsavi develops wearable sensor technology and video AI tools for analyzing human movement, serving clinical, athletic, workplace, and research settings.

Digital HealthHardwareHealthtechMedical DevicesSports TechWellness & Fitness

EchoViewechoview.comin𝕏

Echoview Software develops software for processing and analyzing hydroacoustic data used in fisheries, marine, and aquatic research.

Climate TechData & InfrastructureDeep TechSaaSHobart, AU

Brett Merritt(CEO)Briony Hutton(Chief Scientist)Chris Free(CFO/COO)

Energy Response
Evostor
Finisar
G2

Co-investorsHigh Alpha

Holly Connects
ICIX
Impedimedimpedimed.comin

ImpediMed develops bioimpedance measuring devices and analysis software used to assess fluid status and body composition for medical and veterinary applications.

Digital HealthHardwareHealthtechMedical Devices

Intersection Medical
iSelect
Macropod
Marani
MC
MetaCDN
Milkdrop
Mimetica
Monitoring Division
Murigen
Nephrodynamics
Nitrogonitro.comin

Nitro provides PDF editing, eSignature, analytics, and AI-based document automation software for businesses ranging from growing teams to large enterprises.

AI & Machine LearningEnterprise SoftwareSaaSMelbourne, AU

Notud
Ofidium
Ourcast
Protagonist
QS Semiconductor
QuickComm
ReNerverenerve.com.auin

ReNerve develops nerve repair products, including cuffs, grafts, and bionic nerve structures, to treat transected nerves and improve patient outcomes.

BiotechHealthtechMedical DevicesNew MaterialsMelbourne, AU

Julian Chick(Director)David Rhodes(Director & CSO)Maja McGuire(Independent Chair)Paul Savage(Independent Non-executive Director)Alex Adamides(Chief Medical Officer)

Scalify
ScriptRock

Co-investorsAugust Capital

Space Time
StyleTread
Supa
Xelor
Zoom Systems

Exits · 1

IPOs and acquisitions across the tracked portfolio

Protagonist TherapeuticsNASDAQ: PTGX

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Starfish Ventures made?
Starfish Ventures has 47 tracked investments.
What stage does Starfish Ventures invest at?
Starfish Ventures invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
What is Starfish Ventures's typical check size?
Starfish Ventures typically writes checks of $2M – $3.3M.
What sectors does Starfish Ventures focus on?
Starfish Ventures focuses on AI & Machine Learning, Biotech, Deep Tech, Enterprise Software, Healthtech, Sector Agnostic.
Where is Starfish Ventures located?
Starfish Ventures is headquartered in Melbourne, AU.
Who does Starfish Ventures co-invest with?
Starfish Ventures most often shares deals with August Capital, High Alpha, Norwest Venture Partners, among 8 tracked co-investors.

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