Shearwater Capital
Shearwater Capital is a venture capital firm based in Edgecliff/Sydney, Australia, founded in 2018. The firm manages a $100 million fund focused on investing in technology startups across Australia and New Zealand. Shearwater Capital operates on a self-funded model, allowing its founders to invest their own capital, which supports longer hold periods and patient capital. The firm specializes in early-stage and growth-stage investments, targeting sectors such as SaaS, AI, B2B payments, healthcare, and fintech. Shearwater Capital seeks companies with recurring revenue models that address signif
Investing activity
Shearwater Capital appears in 3 AI deals tracked by the AI Lounge deals desk, and led 1 of them. The rounds are mostly Seed, with a median round size of $3M and the largest at $4M. The most recent are Parallel (Seed, $2.8M (AUD 4.0M), Jun 2026), Contented (Seed, $2.5M, Feb 2026) and Contented AI (Seed, $4.1M, Feb 2026).
Shearwater Capital most often invests alongside Altered Capital, K1W1, Icehouse Ventures and Aspire NZ Seed Fund, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about Shearwater Capital
What AI companies has Shearwater Capital invested in?
Shearwater Capital's AI investments include Parallel, Contented and Contented AI. The 3 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Shearwater Capital based?
Shearwater Capital is based in Sydney, New South Wales, Australia.
What stage does Shearwater Capital invest at?
In the rounds tracked on AI Lounge, Shearwater Capital has invested at Seed, with a median round of $3M. Shearwater Capital led 1 of those rounds.
Who does Shearwater Capital co-invest with?
Shearwater Capital's most frequent co-investors on AI Lounge are Altered Capital (2 deals), K1W1 (2 deals), Icehouse Ventures (2 deals), Aspire NZ Seed Fund (1 deal) and Exhort Ventures (1 deal).
How can founders reach Shearwater Capital?
Founders on AI Lounge can see Shearwater Capital's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Shearwater Capital to their Investor Pipeline to track the conversation.