VC firm blog
Everything we hold that Shearwater Capital portfolio published.
Every article we hold from Shearwater Capital portfolio.
Shearwater Capital republishes a profile of Mike Gregg recounting his two-decade personal stake in WiseTech, his earlier healthcare software exit, and the firm's repeated investments in pet food business Lyka.
Under Defender AM portfolio ·leads this story in the feed
Sydney pet food firm Lyka has banked a $67 million Series C led by New York's LGVP, with StepStone Group and Shearwater Capital taking part, to bankroll new products and overseas growth.
Also SmartCompany·SmartCompany·Startup Daily·Startup Daily·petnews.com.au
Shearwater Capital announces it led Factory's Series A and sets out its thesis: the Sydney startup's platform digitises fabrication workshops, with room to expand products, geography and financial services.
Shearwater Capital's post recaps a second breakfast for its scouts network and introduces Updoc's commercial chief as a new member, saying the group keeps surfacing promising founders and companies for the firm.
Shearwater Capital announces its first cheque into EvenBetter.ai, an AI SaaS platform helping companies act on workplace pay equity, and recalls co-founders Ayal Steiner's Outbrain career and Sorrel's path to the startup.
Also SmartCompany
Shearwater Capital's sixth-anniversary letter recounts its founding, 22 investments, and the close of its second fund, underwritten solely by Mike, giving the firm $100m to invest in Australian and New Zealand founders.
Shearwater's blog post announces it completed a secondary transaction buying shares from founders at Melbourne edtech firm Vivi, citing Vivi's school reach, North American growth, and its strategy of giving early backers liquidity.
Shearwater Capital recounts touring portfolio company Lyka's Sydney pet food factory, noting its follow-on participation in the company's latest raise and an upcoming second facility in Melbourne.
Shearwater Capital profiles portfolio company Storipress, noting it has closed a seed round following its 2021 pre-seed raise and been accepted into Startmate's next cohort.
Shearwater Capital recounts a 2022 portfolio dinner where Playground XYZ's founders shared their journey to the company's late-2021 acquisition by US firm GumGum.
Buildxact has completed an oversubscribed $18.5 million Series A, with Shearwater Capital among the backers and Regal Funds Management leading; several other investors also joined.
Shearwater Capital announces it has come on board for Kepler Analytics' $22 million Series B, a round led by OneVentures.
Also OneVentures portfolio·SmartCompany·Startup Daily·SmartCompany·AgFunderNews·retailbiz.com.au·retailbeauty.com.au
Deals recorded from Shearwater Capital portfolio's coverage. A round is listed once, however many of their articles mention it.
| Company | Stage | Announced | Amount | Investors |
|---|---|---|---|---|
| Lyka | Series C | 4 Aug 2026 | $67m | |
| Factory | Series A | 27 Jan 2026 | $4.7m | |
| EvenBetter.ai | Unnamed stage | 10 Feb 2025 | $500k | |
| Storipress | Accelerator | 1 Aug 2022 | - | |
| Storipress | undisclosed | 18 Jul 2022 | $500k | |
| Kepler Analytics | Series B | 23 Feb 2022 | $22m | |
| Buildxact | Series A | 1 Feb 2022 | $18.5m | |
| Lyka | Series A | Jun 2021 | $6.5m |
Companies named in Shearwater Capital portfolio's articles, most-covered first.
| Company | What it does | Articles |
|---|---|---|
| Lyka | Subscription fresh dog food maker selling direct to consumers | 3 |
| Bain & Company | Corporate partner of Everlab. | 1 |
| Buildxact | 1 | |
| EvenBetter.ai | 1 | |
| Factory | Manufacturing process management platform | 1 |
| Great Southern Land Conservancy | Charity that acquires land for protection and restoration | 1 |
| GumGum | 1 | |
| Health Communication Network | Healthcare software business whose platform was used by most Australian GPs and hospitals | 1 |
| Kepler Analytics | 1 | |
| Outbrain | 1 | |
| Playground XYZ | CTV, online video and display advertising platform | 1 |
| Startmate | Early-stage investment and mentorship for founders | 1 |
| Storipress | DIY media publishing platform | 1 |
| UpDoc | 1 | |
| Vivi | 1 | |
| Wisetech Global | Logistics system of record that started below the enterprise segment | 1 |
Investors named in Shearwater Capital portfolio's articles, most-covered first.
| Investor | What it does | Articles |
|---|---|---|
| Shearwater Capital | 12 | |
| LGVP | 1 | |
| OneVentures | 1 | |
| Ophir Asset Management | 1 | |
| Possible Ventures | 1 | |
| Regal Funds Management | 1 | |
| SecondQuarter Ventures | Liquidity solutions for investors, staff and founders | 1 |
| StepStone Group | 1 | |
| Thorney Opportunities | 1 | |
| Washington H, Soul Pattinson | 1 |