Venture capital fund · 2 deals
US growth equity fund
Every published round Arrowroot Capital took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Protecht | Series A | 16 Feb 2022 | $42m | Lead | Startup Daily (25 Mar 2025), Startup Daily (16 Feb 2022) | |
| Fluent Commerce | Series B | 2019 | $33m | Lead | Startup Daily, SmartCompany (20 Feb 2026), SmartCompany (17 Feb 2026) |
Companies Arrowroot Capital has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Fluent Commerce | Provider of AI-powered retail order management software that helps retailers track invent… | 2019, Series B | 1 | 1 |
| Protecht | Sydney software company tackling governance, risk, and compliance (GRC) issues with an en… | 16 Feb 2022, Series A | 1 | 1 |
Fund closes reported for Arrowroot Capital, as distinct from the investments it has made.
Companies Arrowroot Capital has backed that another company then bought. An exit for the holding, not a deal Arrowroot Capital did.
Stories naming Arrowroot Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of the week's Australian startup funding: fresh raises for five companies, Startmate's Summer '26 accelerator intake of 19 startups, and Affinda's acquisition of Pathfindr.
Also Startup Daily
Sydney order management firm Fluent Commerce has secured $46 million in a Bain Capital-led round to advance its AI ambitions, nearly seven years after a $33 million Series B.
Sydney risk-and-compliance software firm Protecht has sold a majority stake to US firm PSG Equity for US$280 million, giving Arrowroot Capital an exit three years after leading the bootstrapped company's first raise.
Melbourne construction software firm HammerTech has raised $105 million from California's Riverwood Capital, which takes a board seat, with the money earmarked for US expansion and AI development.
Sydney enterprise risk management software firm Protecht has raised a $42 million Series A from California growth equity firm Arrowroot Capital to fund product features, customer service and global expansion.
Also Startup Daily