About Full Circle
Full Circle is a venture capital firm founded in 2016. It is primarily based out of Brisbane, Australia. As of Jun 2022, Full Circle has invested in 6 companies. It primarily invests in Series B round in Australia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and FinTech. Most recently it participated in the $***** Seed round of Mpathic Technologies A lot of funds co-invest with Full Circle, with names like Queensland Government sharing a substantial percentage of its portfolio. Full Circle has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Full Circle's List of Top Investments
Full Circle has a portfolio of 6 companies, one of which is a Unicorn. Their most notable investments are in Go1 and Notiv.Their portfolio spans across Australia and United States. They have invested in Enterprise Applications, Consumer, FinTech and 6 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Full Circle:1. Go1
Cloud-based LMS platform for multi-industry. The product allows employers to manage the training portal and works on an aggregation model that enables users to add courses from the marketplace, create a new course with the company materials, or upload existing content. The platform provides solutions for government, enterprises, and content creators.
Key facts about Go1
- Founded Year: 1998
- Location: Brisbane (Australia)
- Annual Revenue: $10M - $50M as on Jun 30, 2021
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $430M
- Employee Count: 584 as on Sep 30, 2026
- Investors: Salesforce Ventures, Blue Cloud Ventures and 33 Others
- Latest Funding Round: Series D, May 09, 2023, $*****
- Highlight: Editors' Pick
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2. Sendle
Courier aggregator providing carbon-neutral delivery services. It has a pricing plan. Services can be booked and tracked online. Payment for the services can be made by the sender or the receiver. It provides a timeframe for delivery and also allows users to ship items to an email address and confirm the location later.
Key facts about Sendle
- Founded Year: 2014
- Location: Sydney (Australia)
- Stage: Series C
- Total Funding till date: $95.7M
- Employee Count: 29 as on Sep 30, 2026
- Investors: Rampersand, King River and 11 Others
- Latest Funding Round: Series C, Jul 2024, $*****
- Highlight: Editors' Pick
Provider of business loans and lending solutions for small businesses. It offers various finance options, including general business, term, and trade loans. Invoice and asset financing are available, alongside lines of credit and merchant cash advances. Secured term, vehicle, equipment, commercial property, and business acquisition loans are also offered.
Key facts about Valiant Finance
- Founded Year: 2015
- Location: Surry Hills (Australia)
- Stage: Series B
- Total Funding till date: $1.25M
- Employee Count: 226 as on Aug 31, 2026
- Investors: Salesforce Ventures, Reinventure Group and 3 Others
- Latest Funding Round: Series B, Oct 21, 2019, $*****
4. WeMoney
Developer of financial management solutions for consumers. It provides users with a solution for monitoring income and spending, expense tracking, savings management, credit score monitoring, credit reporting, bill payments, and more. Its application is available across Android and IOS devices.
Key facts about WeMoney
- Founded Year: 2020
- Location: Australia
- Stage: Series A
- Total Funding till date: $19.7M
- Employee Count: 21 as on Sep 30, 2026
- Investors: Mastercard, Dorado Capital and 13 Others
- Latest Funding Round: Series A, Apr 22, 2025, $*****
- Highlight: Editors' Pick
Developer of safety evaluation frameworks for human facing artificial intelligence. These tools assess model behavior in high risk scenarios through red teaming and human data benchmarking. The process involves testing for bias, misalignment, and potential harm to ensure performance standards in sensitive domains. The methodology incorporates clinical judgment to measure responses to complex interactions. These systems provide insights for training data curation and model fine tuning to improve accuracy and safety outcomes.
Key facts about Mpathic Technologies
- Founded Year: 2021
- Location: Bellevue (United States)
- Stage: Series A
- Total Funding till date: $12.4M
- Employee Count: 129 as on Sep 30, 2026
- Investors: Next Frontier Capital, Illuminate Ventures and 8 Others
- Latest Funding Round: Grant (prize money), Mar 27, 2025, $*****
- Highlight: Editors' Pick
Full Circle's Year-on-Year Investment Trends
Full Circle has invested in 6 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Mpathic Technologies and most recent follow-on round was in Sendle.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 0 | 1 | 1 |
2020 | 1 | 0 | 1 |
2019 | 2 | 1 | 3 |
Full Circle's Investments by Stage
Full Circle has made 3 investments in Seed stage with an average round size of $2.47M, 1 investment in Series A stage with an average round size of $5M, 1 investment in Series B stage with an average round size of $1.25M and 1 investment in Unattributed stage with an average round size of $2.98M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 1 |
Series B | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Full Circle's Investments by Sector
Full Circle has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Business Services and Environment Tech. Notably, it has invested in 6 Tech companies, 3 Consumer (B2C) companies, 3 Enterprise (B2B) companies and at least 3 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
Consumer | 2 |
FinTech | 2 |
Business Services | 1 |
Environment Tech | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Full Circle's Investments by Geography
Full Circle has made most investments in Australia (4), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
Australia | 4 |
United States | 2 |
Note: We have considered here, only first round of investments
Full Circle's recent investments
Full Circle has not made any investment in 2026 so far.Here are the most recent investments by Full Circle:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 21, 2022 | United States | Seed | 1478 | ||
Jun 23, 2021 | Australia | Series C | 9387 | [+2] | |
Sep 28, 2020 | Australia | Seed | 7274 | [+4] | |
Oct 21, 2019 | Australia | Series B | 8990 | [+3] | |
Jun 03, 2019 | United States | Seed | 9278 |
Unicorns in Full Circle's Portfolio
Full Circle has 1 unicorn in its portfolio - Go1. The most recent unicorn in their portfolio is Go1 which became a unicorn in 2021, 4 years after Full Circle first invested in it.Here is a list of unicorns in Full Circle's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
76 | Cloud-based LMS platform for multi-industry | 1998 | Brisbane | Series D | qcajfow |
Acquired companies in Full Circle's Portfolio
1 company from Full Circle's portfolio has been acquired. The most recent acquisition was Notiv in Sep 2021 by Dubber for $*****.Here are Full Circle's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 20, 2021 | Jun 03, 2019 | Seed | 9879 |
Team profile of Full Circle
Full Circle has a team of 2 members including 1 Partner and 1 Principal located in Australia. Full Circle's team does not sit on the board of any company as of now.Co-investors of Full Circle
Over the past 10 years, 59 investors have co-invested in Full Circle's portfolio companies. This includes funds and angels.
- Invested before Full Circle: Said Business School (University of Oxford), Tank Stream Ventures and 3 others have invested in rounds before Full Circle. There is 1 company where Said Business School (University of Oxford) has invested before Full Circle and 1 company where Tank Stream Ventures has invested before Full Circle.
- Top Co-investors of Full Circle: 23 investors entered a company along with Full Circle. These include investors like Queensland Government (1 company).
- Invested after Full Circle: A total of 31 investors have invested in Full Circle's portfolio after their investments. Top Investors include Insight Partners (1 company), SEEK (1 company) and Madrona (1 company).
Recent News related to Full Circle
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Australian Fintech WeMoney Secures $2 Million in Seed Funding to Launch Financial Wellness PlatformCrowdfund Insider•Sep 28, 2020•WebMoney Transfer, BetterLabs, RAC, Full Circle and 4 others
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Sendle Raises AUD$19M in FundingFinSMEs•Aug 18, 2020•Sendle, King River, Alberts, Rampersand and 2 others
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Announcing Valiant's $12.5m Series B FundingValiant•Oct 21, 2019•Salesforce Ventures, Carthona Capital, Reinventure Group, Full Circle and 1 other
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BugCrowd co-founder raises $1.4 million for new startup that takes meeting notes for youSmartCompany•Jun 03, 2019•Notiv, Full Circle, Black Sheep Capital, Transition Level and 2 others
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Australian courier services company Sendle raises $20 mln in fundingInvestsize•Jan 28, 2019•Sendle, Federation Capital, Giant Leap Fund, Rampersand and 1 other
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Valiant Finance announces Series A funding and Westpac referral partnershipReinventure Group•Sep 04, 2018•Westpac, Carthona Capital, Full Circle, Black Sheep Capital and 1 other
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Queensland edtech startup GO1 raises AU$4m at AU$15m valuationZDNet•Dec 11, 2016•Black Sheep Capital, Go1, Queensland Government, Full Circle and 11 others
