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Carthona Capital

Oceania, New South Wales, Australia, Sydney

Description

Carthona Capital is a Sydney, Australia-based venture capital firm established in 2014, specializing in early-stage technology investments. The firm positions itself as a hands-on, proactive, and thematic investor, seeking to partner with companies that are building the future. While headquartered in Australia, Carthona Capital maintains a global investment mandate, actively deploying capital into promising technology ventures worldwide. Their strategic approach emphasizes deep engagement with portfolio companies, aiming to provide more than just capital, fostering growth through active participation and strategic guidance.

The firm primarily focuses on Seed to Series B rounds, demonstrating a commitment to supporting companies through critical early growth phases. Carthona Capital's typical initial cheque size ranges from US$1 million to US$5 million, indicating their preference for significant early-stage commitments that can fuel substantial development. This range allows them to be a lead or co-lead investor in many of their deals, providing meaningful support to their portfolio companies as they scale. Their thematic investment strategy guides their search for disruptive technologies and innovative business models across various sectors, ensuring alignment with long-term market trends.

Carthona Capital is currently investing out of its fourth fund, Fund IV, which successfully closed at US$100 million. This substantial fund size underscores their capacity to make follow-on investments and support their most promising portfolio companies through subsequent funding rounds. The firm's global outlook, combined with its robust capital base and hands-on operational support, positions Carthona Capital as a notable player in the early-stage venture ecosystem, particularly for founders seeking engaged partners who can contribute beyond financial capital.

Investor Profile

Carthona Capital has backed more than 62 startups, with 10 new investments in the last 12 months alone. The firm has led 17 rounds, about 27% of its total and boasts 15 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series B, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Australia, Switzerland.
  • Strong thematic focus on Software, Financial Services, FinTech.
  • Led 5 rounds in the past year.
  • Typical check size: $1M – $5M.

Stage Focus

  • Seed (44%)
  • Series B (16%)
  • Series A (16%)
  • Pre Seed (10%)
  • Series Unknown (6%)
  • Series C (5%)
  • Post Ipo Equity (2%)
  • Undisclosed (2%)

Country Focus

  • United States (56%)
  • Australia (32%)
  • Switzerland (5%)
  • United Kingdom (5%)
  • Latvia (2%)

Industry Focus

  • Software
  • Financial Services
  • Fintech
  • Finance
  • Marketplace
  • Machine Learning
  • Information Technology
  • Artificial Intelligence (Ai)
  • Autonomous Vehicles
  • Big Data
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Carthona Capital frequently co-invest with?

Navitas Capital
North America, California, United States, Culver City
Co-Investments: 3
Honeycomb Asset Management
North America, New York, United States, New York
Co-Investments: 2
Reinventure
Oceania, New South Wales, Australia, Sydney
Co-Investments: 4
Redbus Ventures
Europe, England, United Kingdom, London
Co-Investments: 4
Perennial Partners
Oceania, New South Wales, Australia, Sydney
Co-Investments: 3
Royal Street Ventures
North America, Utah, United States, Park City
Co-Investments: 3
Cthulhu Ventures
North America, California, United States, Sausalito
Co-Investments: 6
Recursive Ventures
North America, California, United States, Albany
Co-Investments: 6
Kickstart
North America, Utah, United States, Salt Lake City
Co-Investments: 3
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 3

Which angels does Carthona Capital often collaborate with?

AB
North America, California, United States, Mecca
Shared Deals: 1
SF
North America, California, United States, San Francisco
Shared Deals: 2
RS
North America, Colorado, United States, Denver
Shared Deals: 2
AD
North America, California, United States, Palo Alto
Shared Deals: 1
AH
North America, California, United States, San Francisco
Shared Deals: 2
JL
North America, California, United States, San Francisco
Shared Deals: 2
CS
North America, Washington, United States, Kirkland
Shared Deals: 2
Dean Dorrell
Oceania, New South Wales, Australia, Sydney
Shared Deals: 2
Peter Gammell
Oceania, Western Australia, Australia, Perth
Shared Deals: 2
SD
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by Carthona Capital?

PREVE

Byron Bay, New South Wales, Australia

PREVE is an AI-powered physio membership platform that brings clarity, automation, and delight to every stage of the physio-patient contact.

SeedMay 23, 2025
Amount Raised: $2,200,000
Qlarifi

London, England, United Kingdom

Qlarifi is the first real-time BNPL consumer credit database.

DatabaseFinTechReal Time
Pre SeedMar 20, 2025
Amount Raised: $1,815,124
Ajust

Sydney, New South Wales, Australia

Ajust is a developer of a complaint redressal platform designed to facilitate consumer complaints in the banking, telecom.

Consumer LendingInformation ServicesMedia and EntertainmentSoftware
SeedNov 29, 2024
Amount Raised: $2,000,000
Safewill

Sydney, New South Wales, Australia

Safewill offers digital estate planning services for end-of-life arrangements.

AdviceAsset ManagementFinancial ServicesWealth Management
Series BNov 25, 2024
Amount Raised: $10,995,507
BuildPass

Melbourne, Victoria, Australia

The first AI-powered operating system for construction sites.

ConstructionInformation TechnologySoftware
SeedOct 24, 2024
Amount Raised: $7,500,000
InDebted

Sydney, New South Wales, Australia

InDebted is debt collecting software that provides customer accounts and helps small and medium businesses to receive payment options.

Debt CollectionsFinancial ServicesFinTechMachine LearningSoftware
Series CSep 24, 2024
Amount Raised: $41,435,377
Primary

Sydney, New South Wales, Australia

The command and control centre for global finance teams.

PaymentsSoftware
SeedSep 18, 2024
Amount Raised: $2,368,115
Cherre

New York, New York, United States

Cherre is a real estate data platform that connects decision-makers to property investment, management, and market information.

AnalyticsBig DataCommercial Real EstateData IntegrationReal Estate
Series CSep 18, 2024
Amount Raised: $30,000,000
Aption

Illinois City, Illinois, United States

Aption provides equity pooling solutions for founders, executives and early employees to protect startup equity value.

Business DevelopmentFinancial ServicesWealth Management
Pre SeedSep 10, 2024
Amount Raised: $2,400,000
Reach Alternative Investments

Sydney, New South Wales, Australia

Reach Alternative Investments helps investors and advisors to get access to the world’s leading alternative asset investment opportunities.

Financial ServicesOnline PortalsPersonal Finance
SeedSep 1, 2024
Amount Raised: $2,030,460