Shearwater Capital

www.shearwater.co

VCMatch tracks Shearwater Capital as an investor focused on Enterprise SaaS, Vertical SaaS, and AI/ML companies, Pre-Seed and Seed rounds, Australia and New Zealand markets, and $100m check sizes. Upload your deck to compare your startup against the full private matching profile.

Check Size

$100m

Stages

Pre-Seed, Seed, Series A, Series B, Growth

Focus Areas

Enterprise SaaS, Vertical SaaS, AI/ML

Geography

Australia and New Zealand

Investment Thesis

Shearwater invests in people, not ideas, seeking founders with high integrity who are passionate about building generationally great companies. They emphasize deep founder engagement based on their own experience building businesses, investing their own capital, and maintaining long-term positions without fund horizon constraints. Their approach is founder-centric, valuing alignment and trust over typical VC control mechanisms.

Is Shearwater Capital right for your startup?

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Investment Focus

Who should take a closer look

Shearwater Capital is most relevant for founders raising Pre-Seed, Seed, and Series A rounds in Enterprise SaaS, Vertical SaaS, AI/ML, and Developer Tools, especially across Australia and New Zealand, with public check-size signals around $100m.

Focus statement

Since 2018, Shearwater has focused on fast-growth technology companies in Australia and New Zealand, particularly B2B software with recurring revenue models operating in complex domains that solve significant problems.

Value Add

Partners have built and exited multiple companies themselves - launched 5+ companies, IPO'd 3 (one at $1B+), involved in trade sales over $100M
Investing their own capital, not limited fund money
No fund horizon or structural limitations - can play the long game
Willing to provide founder liquidity and secondary share purchases
Inception investor preference - best experiences when they're the only shareholder and invested at inception
Simple capital tables with aligned, participating shareholders
Accept cold contacts without requiring warm introductions
Flexible on structure - primary, secondary, and founder liquidity options
Long-term board experience (Mike and Charles on WiseTech Global board for 15+ years, company grew to $20B+ valuation)