Altered Capital
VC Fund
Auckland, New Zealand
Altered Capital is a VC fund in Auckland focused on Software and Financial Services. Altered Capital provides investment management services focused on supporting early-stage companies and innovative ventures. The company structures and manages investment funds, deploying capital across a portfolio of startups and growth-oriented businesses. It offers advisory services that guide founders through fundraising, strategic planning, and operational development. Altered Capital emphasizes analytical approaches based on first principles to evaluate opportunities and structure investments. Its operations include fund formation, portfolio management, and ongoing support to companies within its investment network. The company engages with stakeholders to facilitate growth, operational scaling, and long-term value creation for both investors and portfolio companies.
- Total investments:
- 11
- Last investment:
- Lead investor:
- 64%
- Fund size:
- $69M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Altered Capital invests in
Stages Altered Capital invests in
Countries Altered Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $3M–$4.1M
- Series A
- $4.4M–$14M
Investment Focus
Industry
- Software 3 (27%)
- Financial Services 3 (27%)
- FinTech 2 (18%)
- Finance 2 (18%)
- Internet 2 (18%)
Stage
- Series A 5 (45%)
- Seed 4 (36%)
- Series B 1 (9%)
- Private Equity 1 (9%)
Country
- New Zealand 9 (82%)
- Australia 1 (9%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Craig Mawdsley
Founding Partner
|
Founding Partner | Total investments: 2 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| SYOS designs and manufactures cost‑effective uncrewed vehicles across air, land, and sea domains. Its flagship platforms deliver mission-critical ISR, cargo delivery, EW, resupply, and border patrol functions, even in GNSS‑denied or contested environments. Their autonomy suite ensures high survivability and operational flexibility at anindustry-leading capability‑to-cost ratio | Seed / Sep 22, 2026 | ||
| First Table is a restaurant discovery platform and marketing company. | $7.2M / Series B / Sep 10, 2026 | ||
| Pearler is an investing app that helps people achieve their financial goals by connecting them to a supportive community. Its goal is to assist ordinary people in becoming successful long-term investors. The company was established in 2018 in Sydney, New South Wales, Australia. | $11.4M / Series A / Sep 02, 2026 | ||
| OneReg designs and develops software solutions to manage vital documents and regulatory compliance. | $4.4M / Series A / May 20, 2026 | ||
| ideally be self-service, with built-in generative AI to find patterns and disclose opportunities. | $10M / Series A / Apr 20, 2026 | ||
| Contented AI offers AI-driven tools that help businesses generate, optimize, and manage written content for digital marketing. | $4.1M / Seed / Feb 09, 2026 | ||
| Starboard Maritime Intelligence is a subscription-based software that offers teams an overview of maritime activity as well as robust analytical tools. | $13.7M / Series A / Sep 08, 2025 | ||
| Emerge is a financial management tool for businesses. It is a digital-only banking option designed to help Kiwi businesses operate more quickly, economically, and efficiently. | $7.3M / Series A / Oct 13, 2024 | ||
| Starboard Maritime Intelligence is a subscription-based software that offers teams an overview of maritime activity as well as robust analytical tools. | $3M / Seed / Apr 04, 2024 | ||
| MacroActive is the most valuable platform for Health and Wellness coaches, creators and entrepreneurs by helping them to scale their business offerings, free up their time and ultimately reach significantly more people to help achieve their goals. Bootstrapped to $10MM in revenue. | Private Equity / Oct 17, 2023 | ||
| See all 11 investments → | |||
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FAQ
What does Altered Capital invest in?
Altered Capital invests primarily in Software, Financial Services and FinTech startups, most often at Series A and Seed stage. Most of the 11 investments tracked by Shizune back companies in New Zealand. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Altered Capital invest in?
Altered Capital typically joins rounds of $3M–$4.1M at Seed and $4.4M–$14M at Series A. These are whole funding-round sizes, not Altered Capital's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Altered Capital took part in.
How do I contact Altered Capital?
Public channels for Altered Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Altered Capital?
The team at Altered Capital includes Craig Mawdsley (Founding Partner). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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