# Carthona Capital: portfolio, investments and team

> Carthona Capital is a vc firm based in Australia. 65 investments on record, 4 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/carthona-capital (Millionrounds; every figure on the page links to its filing or article)

Australia · [Investor](https://millionrounds.com/investors)

# Carthona Capital

Last cheque observed Sep 2026; 65 cheques on record.

Email

Deploying now VC firm

Growth Seed Series A B2B Big Data & Analytics CloudTech

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Deploying now

**31%** of best year **4** **cheques in 12 months**, 65 on record

Since the last cheque **38** days **00** hrs **00** min **00** sec

Median round **$4.7M** Rounds led **4 of 65** Sole investor **14 rounds** Mostly in **Australia, 49%**

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## Carthona Capital highlights

- 01 4 cheques in the last 12 months
- 02 Mostly Seed and Series A: 72% of its rounds
- 03 Sole investor in 14 rounds, median $574K

## What they do

> Carthona Capital is a hands-on, proactive, and thematic venture capital investor based in Sydney, Australia that invests globally. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** From $1.0M as they say
- **Stages:** Growth Seed Series A Series B
- **Sectors:** B2B Big Data & Analytics CloudTech
- **Based in:** Sydney, Australia
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **65 appearances**

- **2026** 3 rounds
- **Sept** **[Hubble Network](https://millionrounds.com/company/hubble-network)** Series C · US · TechStartups **$200M** With 7 others
- **Jul** **[LendUs](https://millionrounds.com/company/lendus)** Seed · AU · Startup Daily **$5.0M** *Led*
- **Jul** **[Ouster](https://millionrounds.com/company/ouster)** US **$200M** With 1 other
- **2025** 7 rounds
- **Nov** **[Airtasker](https://millionrounds.com/company/airtasker)** AU · Startup Daily **$6.5M** With 3 others
- **Sept** **[InDebted](https://millionrounds.com/company/indebted)** Venture · AU **Undisclosed** With 3 others
- **Aug** **[CoverRight](https://millionrounds.com/company/coverright)** Venture · US **$5.9M** With 4 others
- **May** **[Preventix](https://millionrounds.com/company/preventix)** Seed · MX · LatamList **$2.2M** *Led*
- **May** **[CNaught](https://millionrounds.com/company/cnaught)** Seed · US **$4.5M** With 4 others
- **Mar** **[Qlarifi](https://millionrounds.com/company/qlarifi)** Pre-seed · GB **$1.8M** With 1 other
- **Jan** **[Qsic](https://millionrounds.com/company/qsic)** Series B · US · Startup Daily **$25M** With 3 others
- **2024** 9 rounds
- **Nov** **[Safewill](https://millionrounds.com/company/safewill)** Series B · AU · Startup Daily **$17M** With 9 others
- **Nov** **[Ajust](https://millionrounds.com/company/ajust)** Seed · AU **$2.0M** With 1 other
- **Oct** **[BuildPass](https://millionrounds.com/company/buildpass)** Seed · AU · Startup Daily **$7.5M** *Led*
- **Sept** **[Primary](https://millionrounds.com/company/primary)** Seed · US **$2.4M** With 1 other
- **Sept** **[Cherre](https://millionrounds.com/company/cherre)** Series C · US **$30M** With 3 others
- **Sept** **[Aption](https://millionrounds.com/company/aption)** Pre-seed · US **$2.4M** With 2 others
- **Sept** **[Reach Alternative Investments](https://millionrounds.com/company/reach-alternative-investments)** Seed · AU **$2.0M** With 1 other
- **Sept** **[InDebted](https://millionrounds.com/company/indebted)** Series C · AU **$41M** With 3 others
- **Feb** **[NayaOne](https://millionrounds.com/company/nayaone)** Seed · GB **$4.7M** With 1 other
- **2023** 5 rounds
- **Nov** **[Lounge](https://millionrounds.com/company/lounge)** Seed · US **$4.0M** With 1 other
- **Oct** **[Particular Audience](https://millionrounds.com/company/particular-audience)** Venture · AU **Undisclosed** With 2 others
- **Aug** **[Salad Technologies](https://millionrounds.com/company/salad-technologies)** Series A · US **$17M** With 3 others
- **Apr** **[Daedalean](https://millionrounds.com/company/daedalean)** Venture · CH **Undisclosed** With 3 others
- **Feb** **[Layer Platform, Inc.](https://millionrounds.com/company/layer-platform-inc)** Seed · US **$1.5M** With 3 others
- **2022** 11 rounds
- **Dec** **[Pathzero](https://millionrounds.com/company/pathzero)** Series A · AU **$5.9M** With 2 others
- **Dec** **[SafeStack](https://millionrounds.com/company/safestack)** Seed · NZ **$2.5M** With 3 others
- **Nov** **[Josef](https://millionrounds.com/company/josef)** Seed · AU **$3.5M** With 4 others
- **Nov** **[Replica Studios](https://millionrounds.com/company/replica-studios)** Seed · AU **$4.2M** With 1 other
- **Sept** **[CIM](https://millionrounds.com/company/cim)** Series A · AU **$6.7M** With 2 others
- **Sept** **[Paytron](https://millionrounds.com/company/paytron)** Seed · AU **$250K** With 1 other
- **Aug** **[DeferIt](https://millionrounds.com/company/deferit)** Series A · US **$8.5M** With 1 other
- **May** **[Pulsa](https://millionrounds.com/company/pulsa)** Seed · US **$4.0M** With 2 others
- **Mar** **[Driva](https://millionrounds.com/company/driva)** Seed · AU **$4.5M** Sole investor
- **Mar** **[Cascade Strategy](https://millionrounds.com/company/cascade-strategy)** Series A · AU **$40M** With 1 other
- **Jan** **[Valiant](https://millionrounds.com/company/valiant)** Venture · AU **Undisclosed** With 2 others
- **2019** 2 rounds
- **Apr** **[Agerris](https://millionrounds.com/company/agerris)** Seed · AU · Afr **$6.5M** With 3 others
- **Mar** **[Ouster](https://millionrounds.com/company/ouster)** Debt · US · FinSMEs **$60M** With 5 others
- **2018** 2 rounds
- **Sept** **[Valiant Finance](https://millionrounds.com/company/valiant-finance)** Series A · AU · Reinventure **$2.9M** *Led*
- **Aug** **[Trustify](https://millionrounds.com/company/trustify)** Series B **$3.0M** With 2 others
- **2017** 4 rounds
- **Dec** **[Ouster](https://millionrounds.com/company/ouster)** Series A · US · FinSMEs **$27M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## The cheque

Growth Seed Series A

Median round joined **$4.7M** the round, not its cheque Alone, median **$574K**

Led 4 of 65 rounds **6%**

- **Said size:** From $1.0M
- **Sole investor:** 14 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *32*
- Series A said *10*
- Venture *8*
- Series B said *5*
- Series C *3*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Flying Fox Ventures](https://millionrounds.com/fund/flying-fox-ventures) 5
- [Inventure](https://millionrounds.com/fund/inventure) 4
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 4
- [Five V Capital](https://millionrounds.com/fund/five-v-capital) 3
- [Recursive Ventures](https://millionrounds.com/fund/recursive-ventures) 3
- [Redbus Ventures](https://millionrounds.com/fund/redbus-ventures) 3

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## Who they invest alongside

The investors most often in the same rounds as Carthona Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Flying Fox Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/flying-fox-ventures)[**Inventure** VC firm **4** rounds together](https://millionrounds.com/fund/inventure)[**Y Combinator** Accelerator **4** rounds together](https://millionrounds.com/fund/y-combinator)[**Five V Capital** Private equity **3** rounds together](https://millionrounds.com/fund/five-v-capital)[**Recursive Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/recursive-ventures)[**Redbus Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/redbus-ventures)[**Airtree Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/airtree)[**Antler** VC firm **2** rounds together](https://millionrounds.com/fund/antler)[**Archangel Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/archangel-ventures)[**Black Sheep Capital** VC firm **2** rounds together](https://millionrounds.com/fund/black-sheep-capital)[**CrunchFund** VC firm **2** rounds together](https://millionrounds.com/fund/crunchfund-3)[**Cthulhu Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/cthulhu-ventures)

## Recently backed

The latest companies Carthona Capital put money into.

[**Hubble Network** $200M · Sept 2026](https://millionrounds.com/company/hubble-network)[**Ouster** $200M · Jul 2026](https://millionrounds.com/company/ouster)[**Airtasker** $6.5M · Nov 2025](https://millionrounds.com/company/airtasker)[**InDebted** Sept 2025](https://millionrounds.com/company/indebted)[**CoverRight** $5.9M · Aug 2025](https://millionrounds.com/company/coverright)[**Preventix** $2.2M · May 2025](https://millionrounds.com/company/preventix)

## Quick answers about Carthona Capital

### What does Carthona Capital invest in?

Carthona Capital invests most often at Seed and Series A (72% of the rounds on record), in sectors such as B2B, Big Data & Analytics and CloudTech.

### How active is Carthona Capital?

65 investments on record, 4 of them in the last 12 months, and it led 4. The most recent was in Sept 2026.

### What has Carthona Capital invested in recently?

Its most recent investments on record: Hubble Network (Series C, Sept 2026), LendUs (Seed, Jul 2026) and Ouster (Undisclosed round, Jul 2026).

### How big are Carthona Capital's cheques?

The median round it joins is $4.7M.

### Does Carthona Capital lead rounds?

Sometimes: it led 4 of its 65 investments on record (6%).

### Where does Carthona Capital invest?

Most of the companies it backs are in Australia (49%), the United States (38%) and the United Kingdom (5%).

### Is Carthona Capital investing now?

Yes: it is actively investing, with 4 investments in the last 12 months.

### Who does Carthona Capital invest alongside?

Most often Flying Fox Ventures (5 rounds together), Inventure (4 rounds together) and Y Combinator (4 rounds together).

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