# Darcy Naunton

> Darcy Naunton is a seed investor at Adventure Capital (Melbourne) backing Software and SaaS. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Adventure Capital](https://shizune.co/investors/profile/adventure-capital)
- Location: Melbourne, Australia
- Total investments: 4
- Last investment: Aug 2026
- Lead investor: 25%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/in/darcynaunton
- X (Twitter): http://twitter.com/DarcyNaunton
- Website: https://x.com/DarcyNaunton

Darcy Naunton is a seed investor at Adventure Capital in Melbourne focused on Software and SaaS. Darcy Naunton, CFA is a co-founder and Partner with the Fund, providing analytical expertise and a deep knowledge of capital markets and economics. He is also Managing Director of the York Butter Factory coworking/incubator space where he works closely with seed-stage tech startups. Darcy was previously an Investment Analyst at a major assetconsultancy firm, where he provided portfolio construction and asset selection advice to large institutional investors. He first began working in the financial services industry in 2004 as a paraplanner at a private financial planning firm.Darcy received his undergraduate degree from the University of Western Australia with a combined Bachelor of Commerce and Bachelor of Science, holds a Master of Applied Finance from Monash University in Melbourne and is a member of the Chartered Financial Analyst (CFA) Institute.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $375k–$2.5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 2 | 50% |
| SaaS | 1 | 25% |
| Internet | 1 | 25% |
| Robotics | 1 | 25% |
| Real Time | 1 | 25% |

8 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 50% |
| Pre-Seed | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Zabidou | Zabidou develops laser-based sensing systems that give machines real-time perception to separate materials and improve sorting efficiency. | $2.5M | Seed | Aug 04, 2026 |  |
| upflowy | Upflowy is a platform to build, optimize, and AB tests their lead and signup flow without any code engine. | $778.6K | Pre-Seed | Mar 11, 2021 |  |
| Axiflux | Axiflux® is the creator of the Adaptive Magnetic Flux Array™ (AMFA™), the world’s first modular, real-time, software-reconfigurable electric motor and generator. Relative to a traditional electrical motor, the innovative configuration and control of the AMFA™ yields significant size, weight and price reductions, while increasing power output,efficiency and reliability. | $375K | Seed | Jul 24, 2013 |  |
| Axiflux | Axiflux® is the creator of the Adaptive Magnetic Flux Array™ (AMFA™), the world’s first modular, real-time, software-reconfigurable electric motor and generator. Relative to a traditional electrical motor, the innovative configuration and control of the AMFA™ yields significant size, weight and price reductions, while increasing power output,efficiency and reliability. | $450K | Seed | Nov 01, 2012 |  |

4 of 4 investments shown.

## Co-investors
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund, 2 deals together
- [Global Founders Capital](https://shizune.co/investors/profile/global-founders-capital) — VC Fund, 1 deal together
- [LUXEM Ventures](https://shizune.co/investors/profile/l-u-x-e-m) — VC Fund, 1 deal together
- [Main Sequence Ventures](https://shizune.co/investors/profile/main-sequence-ventures) — VC Fund, 1 deal together
- [Tidal Ventures](https://shizune.co/investors/profile/tidalvc) — VC Fund, 1 deal together

## About Adventure Capital

VC Fund · Melbourne, Australia

Adventure Capital is a leading Australian early-stage technology venture fund. Adventure Capital is intently focused on advancing the entrepreneurial ecosystem benefiting from Australia’s significant human capital and intellectual property by providing opportunities for innovative, driven and intelligent entrepreneurs to reach their fullpotential.Adventure Capital’s current fund, the Digital Accelerator LP, is a super-angel style venture fund focused on finding and guiding early-stage tech companies that are capital-efficient, and have global ambition and potential to succeed.Adventure Capital is Founding Investor of the York Butter Factory, a co-working space for high-potential seed-stage companies and next generation building management platform EQUiEM. The Digital Accelerator fund portfolio includes world #1 mobile publishing platform Oomph, leading AdTech DSP/RTB Brandscreen (acquired by Zenovia), social media platform Peazie, retail activation tool suite Myagi, education sales and marketing augmentation and optimization solutions provider doMore, and breakout technology businesses 121cast and Axiflux.

4 contacts available at Adventure Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Darcy Naunton | General Partner | https://shizune.co/investors/profile/darcy-naunton |
| David Carlick | Chairman & Venture Partner | https://shizune.co/investors/profile/david-carlick |
| Safwan Shah | Group Executive | https://shizune.co/investors/profile/safwan-shah |
| Stuart Richardson | Founder & Managing Partner | https://shizune.co/investors/profile/stuart-richardson |

## Similar investors

### Similar industry
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Artesian VC](https://shizune.co/investors/profile/artesian-capital-management) — VC Fund
- [Blackbird Ventures](https://shizune.co/investors/profile/blackbird-ventures-australia) — VC Fund

## Featured in investor lists
- [Automotive Investors in Australia](https://shizune.co/investors/automotive-investors-australia)
- [Automotive Investors in Oceania](https://shizune.co/investors/automotive-investors-oceania)
- [Automotive Angel Investors in Australia](https://shizune.co/investors/automotive-angel-investors-australia)
- [Automotive Angel Investors in Oceania](https://shizune.co/investors/automotive-angel-investors-oceania)
- [Transportation Investors in Australia](https://shizune.co/investors/transportation-investors-australia)
- [Transportation Angel Investors in Australia](https://shizune.co/investors/transportation-angel-investors-australia)

## FAQ

### What does Darcy Naunton invest in?

Darcy Naunton invests primarily in Software, SaaS and Internet startups, most often at Seed and Pre-Seed stage. Most of the 4 investments tracked by Shizune back companies in Australia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Darcy Naunton's check size?

Darcy Naunton typically joins rounds of $375k–$2.5M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Darcy Naunton participates in.

### When did Darcy Naunton last invest?

The most recent investment recorded for Darcy Naunton closed in Aug 2026. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co