Venture capital fund · 4 deals
Every published round Phase One Ventures 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 |
|---|---|---|---|---|---|---|
| Contented | Seed | 13 Feb 2026 | $3.5m | Participant | Startup Daily, Capital Brief, startupintros.com, Shearwater Capital portfolio | |
| Ivo | Series A | Feb 2025 | $25.5m | Participant | SmartCompany | |
| Cotiss | Pre-seed | 23 May 2023 | $2.2m | Participant | Blackbird Ventures, SmartCompany, Blackbird Ventures portfolio | |
| Earlywork | Pre-seed | 21 Mar 2022 | $700k | Participant | Startup Daily, Square Peg Capital |
Everyone Phase One Ventures has named to a program in published coverage. A place in a program is not a raise: the cheque is the figure recorded with the place, which is the program's standard terms where we hold them, and a blank is one we don't.
Companies Phase One Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Earlywork | an Ed Tech startup on a mission to fix the disconnect between education and careers | 21 Mar 2022, Pre-seed | 1 | 0 |
| Cotiss | 23 May 2023, Pre-seed | 1 | 0 | |
| Ivo | Feb 2025, Series A | 1 | 0 | |
| Contented | AI work-conversation documentation platform | 13 Feb 2026, Seed | 1 | 0 |
Fund closes reported for Phase One Ventures, as distinct from the investments it has made.
Companies Phase One Ventures has backed that another company then bought. An exit for the holding, not a deal Phase One Ventures did.
| Name | Role | Sources |
|---|---|---|
| Mahesh Muralidhar | CEO · Founder | Startup Daily (8 Sep 2022), Startup Daily (1 Aug 2022), Startup Daily (18 Jul 2022) |
Stories naming Phase One Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Contented has raised a $4.1 million seed round with Altered Capital leading six other investors; the page's funding history also lists a prior $25 million seed round.
Roundup of the week's funding news: nine companies across Australia and New Zealand secured investment spanning clean energy, construction logistics, legal tech, coaching, research tools, creator media, medtech and marketing software.
Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·LaunchVic
Weekly roundup detailing funding rounds by five Australian and New Zealand startups: a diversity analytics platform, a thermal energy storage maker, a carbon accounting service, an activated carbon producer, and legal communications software.
Weekly roundup of seven Australian and New Zealand startup raises, headlined by a previously unreported $32 million seed for banking software venture Constantinople, plus new rounds for six other companies.
Also Startup Daily·Startup Daily·Techboard·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·AgFunderNews·Startup News (WA)·Forbes Australia·AgFunderNews
Profile of New Zealand fintech Sugar Wallet, cofounded by Dev Soni and Sophia Ritchie, which simplifies investing for beginners and has joined GD1-backed Phase One incubator, with backing from fintech angel operators.
Profile of New Zealand call-administration software company Vxt and founder Luke Campbell, covering its product pivot, its place in the Phase One incubator, and early backing by venture firm GD1.
Square Peg Capital announces its pre-seed investment in Earlywork, an early-career talent community with a job board, backing founders Dan, Marina and Jono alongside Archangel Ventures and PhaseOne Ventures.
Also Startup Daily