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The Venture Codex

Shearwater Capital

Level 2, 135-153 New South Head Road, Edgecliff, NSW, 2027, Australia

Overview

Investment firm specializing in Venture Capital and Private Equity.

Founded

2018

Deals ยท 12mo

3

Links

WebsiteLinkedIn

Stage focus

Series A
Series B

Geographic focus

Australia
New Zealand
United States

Sector focus

Venture Capital

Investment portfolio

16rounds
NAMEDATESIZE
Ideally
Apr 2026Led
$7 MSeries A
Contented
Feb 2026Participated
$3 MSeed
Factory
Feb 2026Led
$3 MSeries A
Sitemate
Dec 2024Participated
$18 MSeries A
LivePreso
Oct 2024Led
$5 MOther Equity
Nexl
Dec 2023Led
$7 MSeries A
Lyka Pet Food
Jun 2023Participated
$25 MSeries B
ClearCalcs
Nov 2022Led
$3 MOther Equity
Sitemate
Aug 2022Participated
$5 MOther Equity
Kepler Analytics
Feb 2022Participated
$16 MSeries B
Buildxact
Feb 2022Participated
$19 MSeries A
Lyka
Jul 2021Participated
$5 MOther Equity
Ideally
Apr 2026Led
$7 MSeries A
Contented
Feb 2026Participated
$3 MSeed
Factory
Feb 2026Led
$3 MSeries A
Sitemate
Dec 2024Participated
$18 MSeries A
LivePreso
Oct 2024Led
$5 MOther Equity
Nexl
Dec 2023Led
$7 MSeries A
Lyka Pet Food
Jun 2023Participated
$25 MSeries B
ClearCalcs
Nov 2022Led
$3 MOther Equity
Sitemate
Aug 2022Participated
$5 MOther Equity
Kepler Analytics
Feb 2022Participated
$16 MSeries B
Buildxact
Feb 2022Participated
$19 MSeries A
Lyka
Jul 2021Participated
$5 MOther Equity
16
Items
...
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Insights

Time horizon

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Deal Distribution

Shearwater Capital: 16 funding rounds are recorded in the selected participation categories.All available history.
Shearwater Capital: 16 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed11
Series A33
Series B12
Other Equity32

Monthly Deal Activity

Shearwater Capital: 16 deals are recorded across 90 months.All available history.
Shearwater Capital: 16 deals are recorded across 90 months. All available history
MonthDeals
May '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '210
Jul '212
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '222
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '231
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '262
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Shearwater Capital: Enterprise Software is the largest displayed sector by deal count (9 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Shearwater Capital: Enterprise Software is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Enterprise Software9
E-Commerce & Retail3
Real Estate & Construction3
Data, Analytics & IT3
Networks, Cloud & Communication3
Health & Life Sciences3
Consumer & Lifestyle2
Marketing & Advertising2
AI & Machine Learning2
Education & Workforce1
Clean Energy & Sustainability1
Space & Frontier Tech1
Fintech1
Manufacturing1
Media & Entertainment1
Professional Services1

Deal Size Distribution

Shearwater Capital: 16 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Shearwater Capital: 16 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M5
$10M-$25M4
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Shearwater Capital: Australia has the largest recorded deal count among the displayed regions (13 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Shearwater Capital: Australia has the largest recorded deal count among the displayed regions (13 deals). All available history
RegionDeals
Australia13
United States2
New Zealand1
Shearwater Capital: 20 co-investors are shown, with AfterWork Ventures sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Shearwater Capital: 20 co-investors are shown, with AfterWork Ventures sharing 3 recorded deals. All available history
Co-investorShared deals
AfterWork Ventures3
Altered Capital2
Blackbird Ventures2
EVP2
Icehouse Ventures2
Wattle Hill Capital2
Aspire NZ1
Beachhead1
Ecliptic Venture Capital1
InterValley Ventures1
Investible1
K1W11
Marbruck Investments1
OneVentures1
Ophir Asset Management1
PeakSpan Capital1
Point King Capital1
Possible Ventures1
Regal Funds Management1
Reinventure1

Investment Strategy

Shearwater Capital: Led accounts for 50% and participating for 50% of round participation.All available history.
Shearwater Capital: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led850%
Participating850%
Shearwater Capital: Single-lead accounts for 63% and co-led for 38% of lead dynamics.All available history.
Shearwater Capital: Single-lead accounts for 63% and co-led for 38% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead563%
Co-led338%

Team

Charles Gibbon

Founding Partner

Michael Gregg

Founding Partner

Zac Zavos

Co-Founder & Managing Partner