About Dovetail
Dovetail, an accelerator and incubator program founded in 2014, is based in Darlinghurst, Australia. With a presence in 3 countries, it has supported around 4 startups in sectors like Enterprise Applications, Enterprise Infrastructure. As of Apr 2026, Dovetail has witnessed 2 portfolio exits. Most notable companies in
its portfolio include Qantas, WaveMaker and Runn. The program is backed by a team of 3 people who primarily support Seed startups based in Australia. Its latest investment was a $835K Seed round in ChemCloud on Aug 18, 2022 along with Startmate.
Key Metrics
Founded Year
2014
Location
Darlinghurst, Australia
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
Dovetail's List of All Investments
Dovetail has a portfolio of 4 companies. Their most notable investmentis in ChemCloudTheir portfolio spans across Australia, New Zealand and United States. They have invested in Enterprise Applications, Enterprise Infrastructure, Consumer and 3 other sectors, across stages such as Seed stage. Here is the list of all investments by Dovetail:
1. Qantas
Provider of air travel services and loyalty programs. It offers domestic and international flights, along with ancillary services such as baggage handling, seat selection, and airport lounge access. A frequent flyer program allows customers to earn and redeem points for flights, upgrades, and other travel-related rewards. The company also provides travel planning tools and resources, including interactive maps and travel guides. Additional services include group travel booking options and partnerships for car rentals and other travel activities. Customer support is available through various channels.
Key facts about Qantas
2. WaveMaker
Developer of low-code platform for building and customizing enterprise applications. The platform offers tools for creating web and mobile applications with reusable components and API integration. It supports custom development, legacy modernization, and the creation of digital engagement platforms. The platform generates code using popular frameworks, allowing for customization and extension.
Key facts about WaveMaker
- Founded Year: 2003
- Location: Mountain View (United States)
- Stage: Acquired
- Total Funding till date: $8.72M
- Employee Count: 117 as on Jul 01, 2024
- Investors: Worldview Technology Partners, AllegisCyber Capital and 3 Others
- Latest Funding Round: Conventional Debt, Feb 03, 2011, $*****
- Highlight: Acquired
3. Runn
Runn is a cloud-based project management software provider. It offers features such as sync negative planning, project tracking, real-time forecasting, project planning, client profile management, roles management, workload management, project feature prediction, time tracking, tentative work management, and team management. It enables user access on a subscription-based pricing module.
Key facts about Runn
- Founded Year: 2018
- Location: Wellington (New Zealand)
- Stage: Seed
- Total Funding till date: $1.41M
- Employee Count: 22 as on Jul 01, 2024
- Investors: Dovetail, Icehouse Ventures and 9 Others
- Latest Funding Round: Seed, Dec 14, 2021, $*****
- Highlight: Editors' Pick
4. ChemCloud
Provider of an online B2B marketplace for chemicals. It offers a web-based platform that allows users to search, sell, and buy diversified chemicals, including agrichemicals, additives, pharmaceutical ingredients, adhesives, paints, and coatings. Its features include lead generation, order tracking, production scheduling, online quotes, and advertisements.
Key facts about ChemCloud
Dovetail's Year-on-Year Investment Trends
Dovetail has invested in 4 companies over the last 5 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in ChemCloud.Dovetail's Investments by Stage
Dovetail has made 2 investments in Seed stage with an average round size of $1.12M.Dovetail's Investments by Sector
Dovetail has a diverse portfolio, with companies operating in the Chemicals and Materials Tech, Consumer, Enterprise Applications and Vertical SaaS. Notably, it has invested in 3 Enterprise (B2B) companies, 3 Tech companies, 2 Saas companies and at least 2 companies focusing on Software.Sector | No. of Investments |
|---|---|
Chemicals and Materials Tech | 1 |
Consumer | 1 |
Enterprise Applications | 1 |
Vertical SaaS | 1 |
Note: We have considered here, only first round of investments
Dovetail's Investments by Geography
Dovetail has made most investments in Australia (1), followed by New Zealand where it has made 1 investment.Dovetail's recent investments
Dovetail has not made any investment in 2026 so far.Here are the most recent investments by Dovetail:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 18, 2022 | Australia | Seed | 9520 | ||
Dec 14, 2021 | New Zealand | Seed | 2420 | [+4] |
IPOs and Publicly Listed companies in Dovetail's Portfolio
1 of Dovetail's portfolio company became public - Qantas. It got listed on the Australian Securities Exchange (ASX), in Jul 1995.Here are Dovetail's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 31, 1995 | - | - | 8257 |
Acquired companies in Dovetail's Portfolio
1 company from Dovetail's portfolio has been acquired. The most recent acquisition were WaveMaker in Mar 2011 by VMware.Here are Dovetail's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 09, 2011 | - | - | 7809 |
Team profile of Dovetail
Dovetail has a team of 3 members including 3 Partners located in New Zealand and Australia. Dovetail's team does not sit on the board of any company as of now.Here is a list of all team members in Dovetail:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Auckland | - | ||
Partner | Auckland | - | ||
Partner | Sydney | - |
Co-investors of Dovetail
Over the past 5 years, 6 investors have co-invested in Dovetail's portfolio companies. This includes funds and angels.
- Top Co-investors of Dovetail: 6 investors entered a company along with Dovetail. These include investors like WaveMaker (1 company).
Recent News related to Dovetail
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Kiwi project capability startup Runn.io raises $2 million seed roundStartup Daily•Dec 14, 2021•Runn, Global From Day One, New Zealand Growth Capital Partners, WaveMaker and 3 others
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