Carthona Capital

Carthona Capital is a venture capital firm based in Sydney, Australia, founded in 2014. It specializes in investing in seed-stage startups and emerging growth companies, with a particular focus on the fintech sector. The firm operates on a deal-by-deal basis, investing its own capital alongside high net worth individuals, family offices, and institutions. Carthona Capital is known for its hands-on and proactive investment approach, often making initial investments at the Pre-Seed, Seed, or Series A stages and providing follow-on support as businesses grow. The firm seeks to exit its investments typically through trade sales or initial public offerings within a timeframe of three to seven years.

Jonathan Chow

Investment Associate

Dean Dorrell

Partner

Damian Fox

Investment Director

Simone Lander

Chief Operating Officer

Trevor Loewensohn

Venture Partner

James Synge

Partner

Past deals in Australia

CIM

Series A in 2022
CIM Enviro has developed a world first machine learning platform that improves how buildings perform. CIM is saving building owners millions of dollars each year by reducing energy costs and carbon emissions while improving tenant conditions.
Our mission is to provide access to the world’s leading alternative asset investment opportunities and help educate investors, and their advisors, on how to invest in this space responsibly.” The democratisation of private market opportunities has already begun. There is a growing demand on the part of the mass-affluent to access top performing private market opportunities, and fund managers are becoming anxious to diversify their fundraising base without the administrative complications of dealing with many smaller investors. Australia is a market well-placed to take advantage of this movement. It has an extremely large asset base due to compulsory superannuation and it provides flexibility for investors to pick their investment strategy.

Cascade Strategy

Series A in 2022
Cascade Strategy is a seamlessly integrated suite of tools for running your entire business. From strategic planning to performance management, Cascade includes all the tools you need to build an empowered, cohesive and efficient organization with strategy at its heart. Innovation and agility is at the core of what we do. We firmly believe that corporations deserve access to the same exciting and intuitive technology experiences that consumers are enjoying.

Particular Audience

Series A in 2021
Particular Audience is a developer of an internet personalization platform designed to enhance the connection between retailers and shoppers, both online and in physical stores. The platform utilizes collective intelligence and computer vision to provide tailored product recommendations, create automated product bundles, and offer insights into competitor pricing. Additionally, it facilitates retail media strategies and automates price match policies, allowing for dynamic pricing adjustments. By streamlining these processes, Particular Audience enables customers to engage with retail products more efficiently, reducing the need for manual interactions.

Pathzero

Series A in 2021
PathZero Pty Ltd, founded in 2020 and located in North Sydney, Australia, specializes in providing carbon neutral services for businesses. The company offers a comprehensive emissions management platform that allows organizations to measure, offset, and report their carbon footprints. This platform combines software-as-a-service (SaaS) capabilities with expert support, enabling businesses to understand and reduce their carbon emissions effectively. PathZero's services include a full suite of carbon management tools and a carbon-neutral certification, which adheres to compliant methodologies. Through these offerings, PathZero assists companies and their carbon consultants in achieving sustainability goals while ensuring high-quality and reliable information.

Skript

Seed Round in 2021
Developer of open banking infrastructure designed to make open banking data useful for organizations that serve small-to-medium businesses. The company's solution allows access to open banking data from all financial institutions through a single API along with data APIs that cater to specific use cases, enabling organizations to deliver data-driven financial solutions to small-to-medium businesses.

InDebted

Series B in 2021
InDebted Pty Ltd is a debt collection agency founded in 2016, with its headquarters in North Sydney, Australia, and additional offices in Manila and London. The company specializes in developing a cloud-based debt collection platform that utilizes machine learning to tailor debt management solutions according to consumer preferences. This innovative platform offers application programming interfaces (APIs) that integrate with customer account systems, allowing small and medium businesses to provide flexible payment options to their clients. InDebted aims to enhance debt recovery outcomes while fostering customer engagement and financial well-being, ultimately contributing to a more loyal customer base.

Paytron

Seed Round in 2021
Paytron, LLC operates the Cocoon Technology platform, providing a range of merchant services, including credit and debit card processing, secure gateway processing, and point of sale hardware. Founded in 2015 and based in Las Vegas, Nevada, Paytron also offers business loans. Additionally, the Australian branch of Paytron focuses on international payments and treasury management, catering to small and medium-sized enterprises. This platform facilitates the payment of international invoices in foreign currencies and offers features such as invoice processing, risk management, currency conversion, and global payment facilitation. By enabling efficient cash flow management and automated invoice workflows, Paytron helps businesses mitigate currency risks and streamline cross-border transactions.

Qsic

Series A in 2021
Qsic is an AI driven experience platform currently focused on the retail and QSR industries

Paytron

Seed Round in 2021
Paytron, LLC operates the Cocoon Technology platform, providing a range of merchant services, including credit and debit card processing, secure gateway processing, and point of sale hardware. Founded in 2015 and based in Las Vegas, Nevada, Paytron also offers business loans. Additionally, the Australian branch of Paytron focuses on international payments and treasury management, catering to small and medium-sized enterprises. This platform facilitates the payment of international invoices in foreign currencies and offers features such as invoice processing, risk management, currency conversion, and global payment facilitation. By enabling efficient cash flow management and automated invoice workflows, Paytron helps businesses mitigate currency risks and streamline cross-border transactions.

Particular Audience

Seed Round in 2020
Particular Audience is a developer of an internet personalization platform designed to enhance the connection between retailers and shoppers, both online and in physical stores. The platform utilizes collective intelligence and computer vision to provide tailored product recommendations, create automated product bundles, and offer insights into competitor pricing. Additionally, it facilitates retail media strategies and automates price match policies, allowing for dynamic pricing adjustments. By streamlining these processes, Particular Audience enables customers to engage with retail products more efficiently, reducing the need for manual interactions.

Particular Audience

Seed Round in 2020
Particular Audience is a developer of an internet personalization platform designed to enhance the connection between retailers and shoppers, both online and in physical stores. The platform utilizes collective intelligence and computer vision to provide tailored product recommendations, create automated product bundles, and offer insights into competitor pricing. Additionally, it facilitates retail media strategies and automates price match policies, allowing for dynamic pricing adjustments. By streamlining these processes, Particular Audience enables customers to engage with retail products more efficiently, reducing the need for manual interactions.

InDebted

Series A in 2020
InDebted Pty Ltd is a debt collection agency founded in 2016, with its headquarters in North Sydney, Australia, and additional offices in Manila and London. The company specializes in developing a cloud-based debt collection platform that utilizes machine learning to tailor debt management solutions according to consumer preferences. This innovative platform offers application programming interfaces (APIs) that integrate with customer account systems, allowing small and medium businesses to provide flexible payment options to their clients. InDebted aims to enhance debt recovery outcomes while fostering customer engagement and financial well-being, ultimately contributing to a more loyal customer base.

Replica Studios

Seed Round in 2019
Replica Studios creates naturally expressive voice-overs and performances through an AI that can replicate the human voice. It captures unique speech patterns, pronunciation, and emotional range to create a realistic Replica Voice. It was founded in 2018 and is headquartered in Brisbane, Queensland.

Valiant

Series B in 2019
Valiant Finance Pty. Ltd. operates an online marketplace for business loans in Australia, headquartered in Surry Hills. Founded in 2015, the company utilizes proprietary technology to connect businesses with lenders based on their specific characteristics and loan needs. The platform allows business owners and their advisers to explore various financing options, including equipment finance, unsecured loans, debtor finance, and working capital. By facilitating comparisons of loan rates, terms, and fees, Valiant aims to empower small business owners to find the most suitable and affordable financing solutions available to them.

Roubler

Series A in 2019
Roubler is now the only workforce management system that genuinely defies industry norms with its ability to give employers an end-to-end solution for onboarding, rostering, T&A and payroll. Roubler’s customers can be found around the globe, supported by offices in Australia, South Africa, Singapore, Philippines and Hong Kong.

Particular Audience

Pre Seed Round in 2019
Particular Audience is a developer of an internet personalization platform designed to enhance the connection between retailers and shoppers, both online and in physical stores. The platform utilizes collective intelligence and computer vision to provide tailored product recommendations, create automated product bundles, and offer insights into competitor pricing. Additionally, it facilitates retail media strategies and automates price match policies, allowing for dynamic pricing adjustments. By streamlining these processes, Particular Audience enables customers to engage with retail products more efficiently, reducing the need for manual interactions.

Agerris

Seed Round in 2019
Agerris is a field robotics and AI start-up for the agriculture industry, based on technology created at the Australian Centre for Field Robotics, the University of Sydney, where they have been developing air and ground robotic solutions for the agriculture industry since 2005.

Agerris

Seed Round in 2019
Agerris is a field robotics and AI start-up for the agriculture industry, based on technology created at the Australian Centre for Field Robotics, the University of Sydney, where they have been developing air and ground robotic solutions for the agriculture industry since 2005.

Medius Health

Seed Round in 2019
Medius Health Pty Ltd. provides Healthcare, Artificial Intelligence, Machine Learning, eHealth, mHealth, and Health-Tech services. It was founded in 2017 and is based in Sydney new South Wales, Australia.

Valiant

Series A in 2018
Valiant Finance Pty. Ltd. operates an online marketplace for business loans in Australia, headquartered in Surry Hills. Founded in 2015, the company utilizes proprietary technology to connect businesses with lenders based on their specific characteristics and loan needs. The platform allows business owners and their advisers to explore various financing options, including equipment finance, unsecured loans, debtor finance, and working capital. By facilitating comparisons of loan rates, terms, and fees, Valiant aims to empower small business owners to find the most suitable and affordable financing solutions available to them.

Sparesbox

Series B in 2018
Sparesbox Pty Ltd. operates an online auto parts store in Australia, offering a comprehensive selection of car parts and accessories for passenger cars, 4x4 off-road vehicles, and commercial vehicles. The company provides a variety of service parts, including filters, brake systems, engine components, transmission systems, and suspension systems, as well as oils, fluids, and car care products. Established in 2014 and based in Brisbane, Sparesbox has rapidly become the largest auto parts e-retailer in Australia by delivering premium parts directly to consumers, which has resulted in significant cost savings for drivers. In addition to its extensive product range, Sparesbox introduced mobile car servicing in 2016, expanding its services to provide convenience and accessibility for customers seeking efficient vehicle maintenance solutions. As of July 2019, Sparesbox operates as a subsidiary of Genuine Parts Company, continuing its mission to innovate and streamline the vehicle parts and servicing industry.

Paratus Clinical

Venture Round in 2017
Paratus Clinical Pty Ltd. is a clinical trial services provider based in North Sydney, Australia, established in 2012. The company specializes in offering a range of services to pharmaceutical companies, contract research organizations, biotechnology firms, medical device companies, and clinical sites, particularly in Australia and New Zealand. Paratus Clinical focuses on both early and late Phase clinical research, providing essential support such as site management, staffing, feasibility studies, biostatistics, and data management. Their experienced team of clinical research professionals is adept at navigating the complexities of clinical trials, ensuring effective and timely delivery from feasibility assessments to site closeout. By leveraging technology and a deep understanding of clinical trial protocols, Paratus Clinical aims to meet the diverse needs of its clients and facilitate successful research outcomes across various therapeutic areas.

Medius Health

Seed Round in 2017
Medius Health Pty Ltd. provides Healthcare, Artificial Intelligence, Machine Learning, eHealth, mHealth, and Health-Tech services. It was founded in 2017 and is based in Sydney new South Wales, Australia.

Zero Latency

Series B in 2016
Zero Latency is a virtual reality startup that uses an inversion virtual reality system to provide its users with an integrated studio experience. The startup features state-of-the-art wireless technology and motion tracking. It was founded in 2013 and is based in Melbourne, Australia.

The Service Manager (TSM)

Venture Round in 2016
TSM provides tools in improving productivity, increasing profitability and efficiency of their field service management operations. Founded in 1986, The Service Manager (TSM) is a service management software solution that helps field service staff efficiently manage all aspects of their business activities. With over 20 years experience, TSM is an industry leader in Field Service Software and has been considered the market leader and the pioneer to the Field Service Management Industry.

Sparesbox

Series A in 2016
Sparesbox Pty Ltd. operates an online auto parts store in Australia, offering a comprehensive selection of car parts and accessories for passenger cars, 4x4 off-road vehicles, and commercial vehicles. The company provides a variety of service parts, including filters, brake systems, engine components, transmission systems, and suspension systems, as well as oils, fluids, and car care products. Established in 2014 and based in Brisbane, Sparesbox has rapidly become the largest auto parts e-retailer in Australia by delivering premium parts directly to consumers, which has resulted in significant cost savings for drivers. In addition to its extensive product range, Sparesbox introduced mobile car servicing in 2016, expanding its services to provide convenience and accessibility for customers seeking efficient vehicle maintenance solutions. As of July 2019, Sparesbox operates as a subsidiary of Genuine Parts Company, continuing its mission to innovate and streamline the vehicle parts and servicing industry.

ResponSight

Seed Round in 2016
ResponSight offers enterprise risk and security profiling technology using behavioral analytics without collecting private information. ResponSight is an enterprise endpoint risk profiling approach designed to address these challenges. We capture behavioural metrics (ie the way users and applications use a machine/endpoint) to identify baseline activity profiles - people use their hardware in a very consistent (even predictable) way over time.

Sparesbox

Convertible Note in 2016
Sparesbox Pty Ltd. operates an online auto parts store in Australia, offering a comprehensive selection of car parts and accessories for passenger cars, 4x4 off-road vehicles, and commercial vehicles. The company provides a variety of service parts, including filters, brake systems, engine components, transmission systems, and suspension systems, as well as oils, fluids, and car care products. Established in 2014 and based in Brisbane, Sparesbox has rapidly become the largest auto parts e-retailer in Australia by delivering premium parts directly to consumers, which has resulted in significant cost savings for drivers. In addition to its extensive product range, Sparesbox introduced mobile car servicing in 2016, expanding its services to provide convenience and accessibility for customers seeking efficient vehicle maintenance solutions. As of July 2019, Sparesbox operates as a subsidiary of Genuine Parts Company, continuing its mission to innovate and streamline the vehicle parts and servicing industry.

Rubicor

Post in 2016
Rubicor is an Australian company engaged in the provision of contracting and recruitment services. The company offers permanent, contract, and temporary recruitment services; human capital solutions to employers and candidates in a range of industry sectors, candidate types, and geographies; and workforce solutions or recruitment process outsourcing services. The company offers services in Australia, New Zealand, Hong Kong, Singapore, and the United Kingdom.

Ramp

Venture Round in 2016
RAMP develops and manufactures radio frequency identification tags, chips, and readers for tracking, locating, and managing equipment, inventory, and people in real-time. It offers RFID-based asset tracking, vehicle tracking, inventory tracking, and project materials tracking solutions. The company was founded in 2006 and is based in Alexandria, Australia.

Sparesbox

Seed Round in 2016
Sparesbox Pty Ltd. operates an online auto parts store in Australia, offering a comprehensive selection of car parts and accessories for passenger cars, 4x4 off-road vehicles, and commercial vehicles. The company provides a variety of service parts, including filters, brake systems, engine components, transmission systems, and suspension systems, as well as oils, fluids, and car care products. Established in 2014 and based in Brisbane, Sparesbox has rapidly become the largest auto parts e-retailer in Australia by delivering premium parts directly to consumers, which has resulted in significant cost savings for drivers. In addition to its extensive product range, Sparesbox introduced mobile car servicing in 2016, expanding its services to provide convenience and accessibility for customers seeking efficient vehicle maintenance solutions. As of July 2019, Sparesbox operates as a subsidiary of Genuine Parts Company, continuing its mission to innovate and streamline the vehicle parts and servicing industry.

Zero Latency

Venture Round in 2015
Zero Latency is a virtual reality startup that uses an inversion virtual reality system to provide its users with an integrated studio experience. The startup features state-of-the-art wireless technology and motion tracking. It was founded in 2013 and is based in Melbourne, Australia.

PARts

Seed Round in 2015
PARts is a complete product to vehicle application data management solution for manufacturers, wholesalers and dealers.

Paratus Clinical

Seed Round in 2015
Paratus Clinical Pty Ltd. is a clinical trial services provider based in North Sydney, Australia, established in 2012. The company specializes in offering a range of services to pharmaceutical companies, contract research organizations, biotechnology firms, medical device companies, and clinical sites, particularly in Australia and New Zealand. Paratus Clinical focuses on both early and late Phase clinical research, providing essential support such as site management, staffing, feasibility studies, biostatistics, and data management. Their experienced team of clinical research professionals is adept at navigating the complexities of clinical trials, ensuring effective and timely delivery from feasibility assessments to site closeout. By leveraging technology and a deep understanding of clinical trial protocols, Paratus Clinical aims to meet the diverse needs of its clients and facilitate successful research outcomes across various therapeutic areas.

Affiniti

Venture Round in 2015
Affiniti creates sophisticated digital marketing campaigns to help leading brands advertise to markets and channels that are otherwise difficult to access.

PARts

Seed Round in 2015
PARts is a complete product to vehicle application data management solution for manufacturers, wholesalers and dealers.

Airtasker

Series A in 2015
Airtasker Pty. Ltd. is a community marketplace based in Sydney, Australia, that facilitates the outsourcing of tasks and the hiring of local services through an online and mobile platform. Established in 2011, Airtasker connects individuals and businesses with community members who are available to perform various tasks, ranging from handyman work to office administration and photography. Users can post tasks for free and receive offers from rated, verified, and reviewed workers ready to assist them. This model allows people to easily find flexible staff and services while providing opportunities for individuals to earn money in their local area.

ResponSight

Seed Round in 2015
ResponSight offers enterprise risk and security profiling technology using behavioral analytics without collecting private information. ResponSight is an enterprise endpoint risk profiling approach designed to address these challenges. We capture behavioural metrics (ie the way users and applications use a machine/endpoint) to identify baseline activity profiles - people use their hardware in a very consistent (even predictable) way over time.

Ramp

Venture Round in 2015
RAMP develops and manufactures radio frequency identification tags, chips, and readers for tracking, locating, and managing equipment, inventory, and people in real-time. It offers RFID-based asset tracking, vehicle tracking, inventory tracking, and project materials tracking solutions. The company was founded in 2006 and is based in Alexandria, Australia.

Rubicor

Post in 2015
Rubicor is an Australian company engaged in the provision of contracting and recruitment services. The company offers permanent, contract, and temporary recruitment services; human capital solutions to employers and candidates in a range of industry sectors, candidate types, and geographies; and workforce solutions or recruitment process outsourcing services. The company offers services in Australia, New Zealand, Hong Kong, Singapore, and the United Kingdom.

Neoclinical

Seed Round in 2015
There are exciting new advances in medical science and treatments all the time. However before any new treatment can improve the quality of life – or even save lives it must undergo a clinical trial. That’s where Neoclinical is helping. We want these advances made available to the public as soon as possible. To do that we match clinical trials with suitable patients – and suitable patients with clinical trials. Right now there are tens of thousands of clinical trials for new treatments. No matter who you are there’s probably one for you or someone you know.

Sparesbox

Seed Round in 2014
Sparesbox Pty Ltd. operates an online auto parts store in Australia, offering a comprehensive selection of car parts and accessories for passenger cars, 4x4 off-road vehicles, and commercial vehicles. The company provides a variety of service parts, including filters, brake systems, engine components, transmission systems, and suspension systems, as well as oils, fluids, and car care products. Established in 2014 and based in Brisbane, Sparesbox has rapidly become the largest auto parts e-retailer in Australia by delivering premium parts directly to consumers, which has resulted in significant cost savings for drivers. In addition to its extensive product range, Sparesbox introduced mobile car servicing in 2016, expanding its services to provide convenience and accessibility for customers seeking efficient vehicle maintenance solutions. As of July 2019, Sparesbox operates as a subsidiary of Genuine Parts Company, continuing its mission to innovate and streamline the vehicle parts and servicing industry.

Zero Latency

Venture Round in 2014
Zero Latency is a virtual reality startup that uses an inversion virtual reality system to provide its users with an integrated studio experience. The startup features state-of-the-art wireless technology and motion tracking. It was founded in 2013 and is based in Melbourne, Australia.

Fleet

Series A in 2014
Fleet operates a taxi booking and payment service in Australia through its ingogo application. Founded in 2011 and headquartered in Mascot, the company has expanded its presence with offices in major cities including Sydney, Melbourne, Brisbane, Perth, and Adelaide. The ingogo app allows users to easily hail and pay for taxis, offering a straightforward and secure experience by connecting passengers with authorized and licensed taxi drivers. All drivers are thoroughly validated to meet strict regulatory requirements and are equipped with dedicated devices for effective communication. The app features fixed fares that encompass all tolls and charges, eliminating surge pricing and additional fees associated with traffic delays. This approach enables customers to compare and book taxis based on driver ratings and fares, enhancing the overall efficiency and safety of the taxi-hailing process.

Neoclinical

Seed Round in 2014
There are exciting new advances in medical science and treatments all the time. However before any new treatment can improve the quality of life – or even save lives it must undergo a clinical trial. That’s where Neoclinical is helping. We want these advances made available to the public as soon as possible. To do that we match clinical trials with suitable patients – and suitable patients with clinical trials. Right now there are tens of thousands of clinical trials for new treatments. No matter who you are there’s probably one for you or someone you know.

Sparesbox

Seed Round in 2014
Sparesbox Pty Ltd. operates an online auto parts store in Australia, offering a comprehensive selection of car parts and accessories for passenger cars, 4x4 off-road vehicles, and commercial vehicles. The company provides a variety of service parts, including filters, brake systems, engine components, transmission systems, and suspension systems, as well as oils, fluids, and car care products. Established in 2014 and based in Brisbane, Sparesbox has rapidly become the largest auto parts e-retailer in Australia by delivering premium parts directly to consumers, which has resulted in significant cost savings for drivers. In addition to its extensive product range, Sparesbox introduced mobile car servicing in 2016, expanding its services to provide convenience and accessibility for customers seeking efficient vehicle maintenance solutions. As of July 2019, Sparesbox operates as a subsidiary of Genuine Parts Company, continuing its mission to innovate and streamline the vehicle parts and servicing industry.

Search Party

Angel Round in 2012
Search Party, Inc. provides information about hotel companies and online retailers for buyers and sellers in the United States. It works with travel and hotel Web sites and includes their pricing and information. The company is based in Ross, California. As of December 2, 2020, Search Party Inc. operates as a subsidiary of Premier Music Group, LLC.

Search Party

Angel Round in 2012
Search Party, Inc. provides information about hotel companies and online retailers for buyers and sellers in the United States. It works with travel and hotel Web sites and includes their pricing and information. The company is based in Ross, California. As of December 2, 2020, Search Party Inc. operates as a subsidiary of Premier Music Group, LLC.