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About Shearwater Capital
Shearwater Capital is a venture capital firm founded in 2018. It is primarily based out of Sydney, Australia. As of Apr 2026, Shearwater Capital is an active investor, having invested in 18 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in Australia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Retail. Most recently it participated in the $***** Series A round of Ideally Overall, Shearwater Capital portfolio has seen 1 acquisition, namely Playground XYZ. A lot of funds co-invest with Shearwater Capital, with names like Altered Capital sharing a substantial percentage of its portfolio. Shearwater Capital has team of 7 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Shearwater Capital's List of Top Investments
Shearwater Capital has a portfolio of 18 companies. Their most notable investments are in Lyka and Factory.Their portfolio spans across Australia, New Zealand and United States. They have invested in Enterprise Applications, FinTech, Retail and 12 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Shearwater Capital:_1564112378176.png?format=webp&height=120&width=120){kind=logo}
1. Lyka
Key facts about Lyka
- Founded Year: 2018
- Location: Sydney (Australia)
- Stage: Series C
- Total Funding till date: $109M
- Employee Count: 267 as on Feb 28, 2026
- Investors: StepStone Group, AfterWork Ventures and 9 Others
- Latest Funding Round: Series C, Jan 2026, $*****
2. Amber
Provider of energy solutions for home batteries, solar, and EVs. It offers tools to manage energy consumption, including battery automation technology. The company provides access to wholesale electricity prices and feed-in rates. It also offers resources such as solar and battery calculators, compatibility checks, and expert consultations.
Key facts about Amber
- Founded Year: 2017
- Location: Melbourne (Australia)
- Stage: Series D
- Total Funding till date: $104M
- Employee Count: 198 as on Mar 31, 2026
- Investors: Square Peg Ventures, Virescent Ventures and 19 Others
- Latest Funding Round: Series D, Oct 01, 2025, $*****
- Highlight: Editors' Pick
3. Fuel50
Career Engagement Group offers career path software and services that enable forward-thinking companies to deploy career development, career enablement, and career agility initiatives to attract and retain top talent. Fuel50 by Career Engagement Group is interactive cloud-based career path software that delivers a career path for employees for an improved engagement at work.
Key facts about Fuel50
- Founded Year: 2011
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $33.1M
- Employee Count: 101 as on Jul 01, 2024
- Investors: Rincon Venture Partners, PeakSpan Capital and 7 Others
- Latest Funding Round: Series B, Apr 08, 2021, $*****
- Highlight: Editors' Pick
4. Sitemate
Provider of no code field service management platform for multiple sectors. The product modules offered are asset and environmental processes management, data capturing, safety, and quality management. The features include workforce management, workflow automation, forms generation for site sign-ons, inductions, and timesheets. It offers tools for records management, team collaboration, dashboard analytics, data collection, attendance tracking, document management, and more. It is a tool available on the subscription based pricing model.
Key facts about Sitemate
- Founded Year: 2004
- Location: Sydney (Australia)
- Stage: Series A
- Total Funding till date: $32M
- Employee Count: 188 as on Mar 31, 2026
- Investors: Blackbird Ventures, Marbruck Investments and 6 Others
- Latest Funding Round: Series A, Dec 23, 2024, $*****
- Highlight: Editors' Pick
5. Nexl
Provider of an AI-powered growth platform for law firms. The platform offers tools for customer relationship management, email marketing, and event management. It provides workspaces designed to facilitate collaboration between marketing, business development, and legal teams. The platform aims to centralize data, automate tasks, and provide insights to improve business development efforts.
Key facts about Nexl
Shearwater Capital's Year-on-Year Investment Trends
Shearwater Capital has invested in 18 companies over the last 7 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment, while as of Apr 2026, it has made 3 investments in this year. Its most recent first time investment was in Ideally and most recent follow-on round was in Sitemate.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 1 | 0 | 1 |
2024 | 0 | 1 | 1 |
2023 | 1 | 1 | 2 |
2022 | 2 | 1 | 3 |
2021 | 3 | 0 | 3 |
2020 | 2 | 0 | 2 |
2019 | 1 | 0 | 1 |
Shearwater Capital's Investments by Stage
Shearwater Capital has made 6 investments in Seed stage with an average round size of $2.58M, 5 investments in Series A stage with an average round size of $6.13M and 2 investments in Series B stage with an average round size of $18.7M.Stage of entry | No. of Investments |
|---|---|
Seed | 6 |
Series A | 5 |
Series B | 2 |
Note: We have considered here, only first round of investments
Shearwater Capital's Investments by Sector
Shearwater Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, FinTech, Retail and Consumer. Notably, it has invested in 17 Tech companies, 16 Enterprise (B2B) companies, 14 Software companies and at least 12 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 11 |
Vertical SaaS | 5 |
FinTech | 2 |
Retail | 2 |
Consumer | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
Shearwater Capital's Investments by Geography
Shearwater Capital has made most investments in Australia (9), followed by New Zealand where it has made 2 investments.Country | No. of Investments |
|---|---|
Australia | 9 |
New Zealand | 2 |
United States | 2 |
Note: We have considered here, only first round of investments
Shearwater Capital's recent investments
Shearwater Capital has made 3 investments in 2026 so far. Ideally and Contented are the latest among them.Here are the most recent investments by Shearwater Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 21, 2026 | New Zealand | Series A | 4766 | [+1] | |
Feb 12, 2026 | New Zealand | Seed | 3346 | [+5] | |
Jan 28, 2026 | Australia | Series A | 6993 | [+2] | |
Feb 10, 2025 | Australia | Seed | 2608 | - | |
Dec 23, 2024 | Australia | Series A | 8131 | [+1] |
Acquired companies in Shearwater Capital's Portfolio
1 company from Shearwater Capital's portfolio has been acquired. The most recent acquisition were Playground XYZ in Dec 2021 by GumGum.Here are Shearwater Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 16, 2021 | - | - | 4697 |
Team profile of Shearwater Capital
Shearwater Capital has a team of 7 members including 4 Partners and 1 Venture Partner located in Australia. Shearwater Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Shearwater Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Sydney | - | ||
Partner | Sydney | - | ||
Partner | Sydney | - | ||
Partner | Sydney | - | ||
Venture Partner | Sydney | - | - |
Co-investors of Shearwater Capital
Over the past 7 years, 49 investors have co-invested in Shearwater Capital's portfolio companies. This includes funds and angels.
- Invested before Shearwater Capital: Luke Anear, Sebastian Watkins and 19 others have invested in rounds before Shearwater Capital. There is 1 company where Luke Anear has invested before Shearwater Capital and 1 company where Sebastian Watkins has invested before Shearwater Capital.
- Top Co-investors of Shearwater Capital: 22 investors entered a company along with Shearwater Capital. These include investors like Altered Capital (2 companies).
- Invested after Shearwater Capital: A total of 6 investors have invested in Shearwater Capital's portfolio after their investments. Top Investors include Point King Capital (1 company), Itai Tsiddon (1 company) and StepStone Group (1 company).
Recent News related to Shearwater Capital
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Ideally Raises $10M in Series A FundingFinSMEs•Apr 21, 2026•Altered Capital, Ideally, Icehouse Ventures, Shearwater Capital and 1 other
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Contented raises NZD $4.1m to fuel AI expansionTechDay•Feb 12, 2026•Exhort Ventures, Shearwater Capital, Contented, Altered Capital and 4 others
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Sitemate Raises $18M Series A, Brings Atlassian Style Product Suite for the Built World to LifeBusiness Wire•Dec 23, 2024•Sitemate, Marbruck Investments, Shearwater Capital, Blackbird Ventures and 1 other
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Business law legaltech startup Nexl apprehends $6.6 million Series AStartup Daily•Dec 01, 2023•Nexl, Shearwater Capital, Extreme Venture Partners, NEXL and 1 other
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Pet food startup Lyka raises $25 million in follow-on fundingSmartCompany•Jun 16, 2023•Lyka Labs, AfterWork Ventures, Shearwater Capital, Point King Capital
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Engineering design startup ClearCalcs nabs $2.5 million raise for global growthStartup Daily•Nov 16, 2022•ClearCalcs, Shearwater Capital
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Evorra scoops £850,000 from US investor for audience marketplaceUKTN•Aug 30, 2022•Evorra, York IE, Akama Holding, Vivium and 2 others
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Sitemate raises $5.2m to accelerate no-code software platformSmartCompany•Aug 11, 2022•Sitemate, Blackbird Ventures, Shearwater Capital
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Proptech startup that’s more ‘Atlassian than Aconex’ raises $5.2 millionStartup Daily•Aug 01, 2022•Aconex, Sitemate, Shearwater Capital
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Buildxact Series A raises $18.5 millioniTWire•Jan 31, 2022•Buildxact, Regal Funds Management, Possible Ventures, Shearwater Capital and 6 others
