About Athletic Ventures
Athletic Ventures is a venture capital firm founded in 2020. It is primarily based out of Sydney, Australia. As of Feb 2026, Athletic Ventures is an active investor, having invested in 13 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in Australia based startups. Its investments are spread across a wide range of sectors from Food and Agriculture Tech to Enterprise Applications and Consumer. Most recently it participated in the $***** Series A round of Splose Overall, Athletic Ventures portfolio has seen 1 unicorn, 1 IPO and 3 acquisitions including key companies like Teamworks, Guzman y Gomez and Eucalyptus. A lot of funds co-invest with Athletic Ventures, with names like AirTree sharing a substantial percentage of its portfolio. Athletic Ventures has team of 26 people including 15 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series C & 1 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Athletic Ventures' List of Top Investments
Athletic Ventures has a portfolio of 13 companies, one of which is a Unicorn. Their most notable investments include Teamworks and Lorikeet.Their portfolio spans across Australia, United States and New Zealand. They have invested in Food and Agriculture Tech, Enterprise Applications, Consumer and 7 other sectors, across stages such as Series A, Series C and 1 more. Here is the list of top investments by Athletic Ventures:1. Teamworks
Provider of an operating system for sports team management solutions. The platform offers tools for talent acquisition, operational streamlining, and performance development. It facilitates communication, scheduling, and file sharing to keep athletes and staff synchronized. The system automates workflows and provides insights to simplify logistics. It equips athletes and staff with resources for preparation, competition, and recovery.
Key facts about Teamworks
- Founded Year: 2006
- Location: Durham (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $411M
- Employee Count: 837 as on Sep 30, 2026
- Investors: Dragoneer Investment Group, AllianceBernstein and 23 Others
- Latest Funding Round: Series F, Jun 05, 2025, $*****
- Highlight: Editors' Pick
2. Lorikeet
AI-powered customer support platform. It is an AI-powered customer support platform that offers human-quality support. Its AI agent is designed to follow workflows and resolve issues, and can be integrated into existing support system. It can reference the help center, runbooks, and standard operating procedures to have necessary context to assist customers. The platform provides insights into performance, allowing businesses to identify areas for improvement in the AIs training and response strategies.
Key facts about Lorikeet
- Founded Year: 2023
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $49M
- Employee Count: 102 as on Aug 31, 2026
- Investors: QED Investors, Athletic Ventures and 9 Others
- Latest Funding Round: Series A, Aug 06, 2025, $*****
- Highlight: Editors' Pick
Provider of fast-casual Mexican cuisine through restaurants and franchising. It offers a menu of fresh Mexican food prepared quickly. The company also operates a franchise model, allowing expansion through partnerships with independent operators. Its operational platform is designed for efficient food preparation and service. The business includes both dine-in and takeout options, along with catering services.
Key facts about Guzman y Gomez
- Founded Year: 2006
- Location: Surry Hills (Australia)
- Stage: Public
- Total Funding till date: $288M
- Employee Count: 2,946 as on Sep 30, 2026
- Investors: TDM Growth Partners, Firetrail and 7 Others
- Latest Funding Round: Series D, Apr 09, 2024, $*****
- Highlight: Public
4. Eucalyptus
Platform offering patient centered healthcare solutions. It aims to enhance health outcomes and the patient experience. The platform uses digital technology to connect patients with healthcare professionals, enabling personalized care and timely interventions. It operates a network of digital healthcare clinics that cater to various health needs, including reproductive health, mens health, weight management, and skincare.
Key facts about Eucalyptus
- Founded Year: 2018
- Location: Sydney (Australia)
- Stage: Acquired
- Total Funding till date: $67.3M
- Employee Count: 914 as on Aug 31, 2026
- Investors: Bond Capital, NewView Capital and 5 Others
- Latest Funding Round: Series C, Jan 27, 2022, $*****
- Highlight: Acquired
5. Splose
Developer of practice management software for allied health care professionals. This platform provides tools for calendar management, client intake, progress notes, invoicing, and financial reporting. It includes artificial intelligence features designed to assist with documentation and administrative tasks. The software integrates with external accounting and communication tools to support clinical workflows and business analysis.
Key facts about Splose
- Founded Year: 2016
- Location: Adelaide (Australia)
- Stage: Series A
- Total Funding till date: $34.5M
- Employee Count: 96 as on Sep 30, 2026
- Investors: Spectrum Equity and Athletic Ventures
- Latest Funding Round: Series A, Feb 09, 2026, $*****
- Highlight: Editors' Pick
Athletic Ventures' Year-on-Year Investment Trends
Athletic Ventures has invested in 13 companies over the last 6 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment, while as of Feb 2026, it has made 1 investment in this year. Its most recent first time investment was in Splose and most recent follow-on round was in Guzman y Gomez.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 0 | 1 | 1 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 4 | 0 | 4 |
2020 | 1 | 0 | 1 |
Athletic Ventures' Investments by Stage
Athletic Ventures has made 6 investments in Series A stage with an average round size of $21.2M, 2 investments in Series C stage with an average round size of $64.9M and 1 investment in Series B stage with an average round size of $22.7M.Stage of entry | No. of Investments |
|---|---|
Series A | 6 |
Series C | 2 |
Series B | 1 |
Note: We have considered here, only first round of investments
Athletic Ventures' Investments by Sector
Athletic Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Consumer Goods, Food and Agriculture and HealthTech. Notably, it has invested in 10 Tech companies, 8 Enterprise (B2B) companies, 7 Software companies and at least 3 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Consumer | 2 |
Consumer Goods | 2 |
Food and Agriculture | 2 |
HealthTech | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
Athletic Ventures' Investments by Geography
Athletic Ventures has made most investments in Australia (6), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
Australia | 6 |
United States | 2 |
New Zealand | 1 |
Note: We have considered here, only first round of investments
Athletic Ventures' recent investments
Athletic Ventures has made 1 investments in 2026 so far - Splose.Here are the most recent investments by Athletic Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 09, 2026 | Australia | Series A | 9836 | ||
Aug 06, 2025 | United States | Series A | 2374 | [+6] | |
Apr 09, 2024 | Australia | Series D | 9079 | [+5] | |
Jan 30, 2023 | New Zealand | Series B | 8136 | [+4] | |
Jan 27, 2022 | Australia | Series C | 2383 | [+5] |
Unicorns in Athletic Ventures' Portfolio
Athletic Ventures has 1 unicorn in its portfolio - Teamworks. The most recent unicorn in their portfolio is Teamworks which became a unicorn in 2025, 1 years before Athletic Ventures first invested in it.Here is a list of unicorns in Athletic Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
74 | Provider of an operating system for sports team management solutions | 2006 | Durham | Series F | lwfulqh |
IPOs and Publicly Listed companies in Athletic Ventures' Portfolio
1 of Athletic Ventures' portfolio company became public - Guzman y Gomez. It got listed on the Australian Securities Exchange (ASX), in Jun 2024.Here are Athletic Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 20, 2024 | Jan 12, 2021 | Series C | 6518 |
Acquired companies in Athletic Ventures' Portfolio
3 companies from Athletic Ventures' portfolio have been acquired. The most recent acquisition was Eucalyptus in Feb 2026 by Hims for $*****.Here are Athletic Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 19, 2026 | Jan 27, 2022 | Series C | 9389 | |
Sep 20, 2023 | Aug 04, 2021 | Series A | 9038 | |
Jan 11, 2023 | Oct 25, 2020 | Series A | 3098 |
Team profile of Athletic Ventures
Athletic Ventures has a team of 26 members including 15 Partners, 1 Venture Partner and 4 Principals located in Australia. Athletic Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Athletic Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Melbourne | - | ||
Partner | Melbourne | - | - | |
Partner | Bondi | - | - | |
Partner | Sydney | - | ||
Partner | Sydney | - | - | |
Partner | Sydney | - | - | |
Partner | Melbourne | - | - | |
Partner | Melbourne | - | - | |
Partner | Sydney | - | - | |
Partner | Sydney | - | - | |
Partner | Perth | - |
Co-investors of Athletic Ventures
Over the past 6 years, 57 investors have co-invested in Athletic Ventures's portfolio companies. This includes funds and angels.
- Invested before Athletic Ventures: EVP, Blackbird Ventures and 15 others have invested in rounds before Athletic Ventures. There are 3 companies where EVP has invested before Athletic Ventures and 2 companies where Blackbird Ventures has invested before Athletic Ventures.
- Top Co-investors of Athletic Ventures: 32 investors entered a company along with Athletic Ventures. These include investors like AirTree (3 companies).
- Invested after Athletic Ventures: A total of 8 investors have invested in Athletic Ventures's portfolio after their investments. Top Investors include Aware Super (1 company), QVG Capital (1 company) and Firetrail (1 company).
Recent News related to Athletic Ventures
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Splose Raises $46 Million in Series A Funding RoundStartup Daily•Feb 09, 2026•Athletic Ventures, Splose, Spectrum Equity
•
Lorikeet Secures $35M Series A for AI Customer Concierge Platform, Led by QED InvestorsPR Newswire•Aug 06, 2025•Lorikeet, Sequoia Capital, Athletic Ventures, Andreessen Horowitz and 9 others
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K&L Gates guides Square Peg in Airwallex’s US$300m Series F fundraisethelawyermag.com•May 29, 2025•Square Peg Ventures, Airwallex, Lone Pine Capital, Tencent and 7 others
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Produce marketplace Foodbomb acquired by hospitality ordering companyStartup Daily•Sep 20, 2023•Foodbomb, EVP, Athletic Ventures, Aura Group and 1 other
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Wethenew raises €20 million from Singular, C4 Ventures and Chalhoub GroupFashion Network•May 10, 2023•Wethenew, C4 Ventures, Chalhoub Group, Singular and 3 others
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NZ bookkeeping platform Hnry secures $35m in Series B capital raiseFinextra•Jan 31, 2023•Hnry, AirTree, Athletic Ventures, Left Lane Capital
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Funerals startup Bare raises $10 million Series AStartup Daily•Jun 21, 2022•Bare, Perennial, Ord Minnett, OIF Ventures and 1 other
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Aussie startup Eucalyptus raises $60 millionSmartCompany•Jan 27, 2022•Woolworths Group, NewView Capital, Blackbird Ventures, W23 and 7 others
