Capital 49
188 Spear St., San Francisco, CA, 94105, United States
Overview
Capital 49 is a venture fund that invests in early stage fintech, e-commerce, artificial intelligence and B2B software startups. The fund is backed by the founders of Airwallex, as well as major institutional investors. We work with exceptional founders who believe that great products challenge the status quo and change the way the world works.
- Total investments
- 5
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Artificial Intelligence (AI)
- E-Commerce
- Financial Services
- FinTech
- Payments
- SaaS
- Venture Capital
Investment portfolio
- Lorikeet
Participated · Series A · Aug 2025
Lorikeet develops AI-powered universal customer concierges that operate across chat, email, and voice and are designed to make judgment calls and take actions rather than just answer FAQs. Its product emphasizes safety and auditable execution via granular permissions and dynamic gating, enabling end-to-end handling of high-consequence workflows such as replacing lost or stolen debit cards without human intervention. The company focuses on regulated industries including financial services, healthcare, and energy to ensure robustness in tough environments. Since its public launch in October, Lorikeet says revenue has grown 10x and it is solving exponentially more customer conversations month over month. Customers include several unicorns across the United States, Europe, and Australia, notably Airwallex, Linktree, Flex, and Eucalyptus. Lorikeet plans to double down on R&D and global go-to-market efforts in the second half of 2025; it has raised over $50 million in funding to date. Lorikeet builds an AI customer experience platform powered by a proprietary intelligent graph technology that orchestrates sophisticated workflows for complex, regulated support cases. Its AI agents are designed to handle multi-conditional problems, engage on sensitive topics, and surface uncertainty so they avoid giving incorrect answers. Since launching in October 2024 the company has grown quickly—bookings increased 3.5x and it added several unicorns and public companies as customers and pilot partners. Customer metrics cited include a 10-point CSAT increase and doubled support volume for Eucalyptus, CSAT rising to 75% for MagicEden (from 45%), and Breeze resolving 40% of complex support volume within 30 days. The company plans to use the new funding to enhance its intelligent graph, expand enterprise capabilities, and accelerate go‑to‑market efforts across healthcare, financial services, technology, and other regulated industries. Lorikeet says it will also aggressively expand into the United States while growing its local team in Sydney. Lorikeet offers an AI customer support platform built on a unique architecture that enables agents to resolve complex tickets while maintaining high customer satisfaction. Its framework lets AI agents follow established standard operating procedures (SOPs) to tackle complicated support workflows. The company serves customers including Remote.com, Step, Eucalyptus, Stashaway, and SensorFlow. Lorikeet was founded by Steve Hind and Jamie Hall and is based in Sydney, Australia. The startup recently raised $5.0M in a seed round and plans to use the capital to support product development and accelerate global expansion. The platform is positioned for scale in customer support but the article does not disclose revenue or user metrics.
- Unify
Participated · Series B · Jul 2025
Unify is an AI-native platform that combines prospecting data, AI agents, and email sequencing into unified workflows to generate qualified pipeline at scale. The product surfaces high-intent leads, orchestrates targeted campaigns, and automates repetitive tasks so sellers can focus on closing deals. Customers named in the article include Perplexity, Cursor, Together AI, Airwallex and Flock Safety, and the platform is used by hundreds of teams globally. Unify says customers have generated hundreds of millions of dollars in sales pipeline through the platform. The company reported revenue growth of 8x year-over-year. Leadership frames the company’s mission as turning growth into a repeatable, scalable science by using real-time intent signals and AI-driven workflows to evolve go-to-market motion. Unify centralizes go-to-market data into common schemas, cleans and enriches it with AI and firmographics, and uses that data graph to power workflows for revenue teams. The company launched Unify 2.0, featuring a workflow builder called Unify Plays and AI Agents for account research and 1:1 email personalization. Product capabilities include intent signals (powered by 6sense and Clearbit), G2 intent, champion tracking, sequencing, email deliverability infrastructure, and bi-directional Salesforce and HubSpot integrations. Unify reports 39x year-over-year ARR growth and counts customers including Justworks, Lattice, Guru, and OpenPhone. The new funding will support continued product innovation and hiring, with plans to add engineering and sales talent. Unify was founded in 2023.
- Campfire
Participated · Series A · Jun 2025
Campfire offers a full-stack, AI-driven ERP that replaces legacy systems such as SAP and Oracle with a unified general ledger, revenue automation, and close-management suite built for today’s global finance teams. Its proprietary Large Accounting Model (L.A.M.) delivers up to 95% accuracy on tasks like reconciliations and variance detection, enabling customers to close books faster and with fewer manual steps. The product has gained rapid traction with companies including PostHog, Decagon, Replit, Heidi Health, Klarity, CloudZero, Advisor360, and NYSE-listed LimaOne. Fueled by growing demand, the San Francisco-based startup reported 10× year-to-date revenue growth and has executed several large-scale migrations off legacy ERP platforms. Total funding has reached more than $100 million in just 12 weeks. Campfire plans to use its capital to expand globally, deepen AI capabilities, and capture a share of the $3 trillion ERP market.
- OpenBorder
Participated · Seed · Feb 2024
OpenBorder offers a single software platform that automates shipping, trade, tax and duty compliance, product localization and international marketplace listings so merchants can sell to international customers with a Prime‑like two‑day experience. The company was spun out of Pangaea Holdings in March 2023 and initially served five merchants; that customer count has grown to nearly 70 in about a year while processing volume has increased tenfold. OpenBorder helps merchants expand the share of international revenue (many start at ~4% and grow to 15–20% with the product); Pangaea itself scaled to a majority of revenue — well into nine figures — coming from outside the U.S., and OpenBorder aims to enable similar growth for other merchants. The business is focused on software development, partnerships and using artificial intelligence to identify cost‑reduction opportunities and improve performance. The company added Eurazeo (a Pangaea investor) to its board as it scales distribution and product capabilities.
- Finway
Led · Series A · Feb 2023
Finway offers a centralized finance operating system for SMBs that covers invoicing and accounting workflows as well as spend and travel expense management. The platform aims to eliminate time-intensive, error-prone manual tasks. The company was founded in 2020 by Csaba Krümmer, Jennifer Dussileck and Philipp Rieger. In two years Finway has acquired more than 400 customers across the DACH region, including MILES Mobility, Alasco and Recup. The team comprises 60 employees working onsite and remotely across Germany and internationally. Finway intends to use new funding to accelerate growth and product development.
Team
No current team members are available.