# Innovation Capital

> Innovation Capital is a VC fund in Sydney backing Software and Audio. See 6 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Sydney, Australia
- Total investments: 6
- Last investment: Jun 2011
- Lead investor: 33%
- Last updated: Aug 2026
- Website: http://www.innovationcapital.net

Innovation Capital is a VC fund in Sydney focused on Software and Audio. Innovation Capital – an Australian/US venture capital fund that invests in seed and early stage Australian technology companies.

## Contacts

5 contacts available for Innovation Capital. Shizune tracks 8 team members at Innovation Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/innovation-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $3.7M–$5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 2 | 33% |
| Audio | 1 | 17% |
| AgTech | 1 | 17% |
| Wireless | 1 | 17% |
| Biopharma | 1 | 17% |

13 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 4 | 67% |
| Series A | 2 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Australia | 3 | 50% |
| United States | 2 | 33% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Chantal Parpex | Team Member | 0 | https://shizune.co/investors/profile/chantal-parpex |
| Derek Kerr | Chief Financial Officer | 0 | https://shizune.co/investors/profile/derek-kerr |
| Ian Bund | Co-founder | 0 | https://shizune.co/investors/profile/ian-bund-2 |
| Michael A. Quinn | Co-founder | 0 | https://shizune.co/investors/profile/michael-a-quinn |
| Nick Birrell | Venture Executive | 0 | https://shizune.co/investors/profile/nick-birrell |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Weathertrends 360 | Weathertrends 360 is a global, web solution. | $750K |  | Jun 24, 2011 |  |
| VPIsystems | VPIsystems (formerly VPI Virtual Photonics) develops and markets network planning software and services for the telecommunications industry in the United States and internationally. Its products include Photonic Design Automation, a solution for the modeling and optimization of photonic components and subsystems; and OnePlan, an integrated networkplanning system that enables communications service providers, systems integrators, and manufacturers to design, plan, and implement their transition to an IP-based network. The company serves wireline, wireless, and broadband carriers; and network equipment manufacturers and optical equipment vendors. VPIsystems, Inc. has strategic alliances with Accenture, HP, Logica, and Tech Mahindra. The company was founded as VPI Virtual Photonics, Inc. in 1997 and changed its name to VPIsystems, Inc. in July 2001. VPIsystems, Inc. is based in Holmdel, New Jersey with additional offices in Europe, Asia, and Australia. | $4M |  | Mar 29, 2010 |  |
| Audinate | Audinate has developed networked solutions which allow digital audio and video to be transported using standard data networking protocols, such as Ethernet and TCP/IP, but without compromising performance or introducing unacceptable delay. | $4M |  | Jan 21, 2010 |  |
| Audinate | Audinate has developed networked solutions which allow digital audio and video to be transported using standard data networking protocols, such as Ethernet and TCP/IP, but without compromising performance or introducing unacceptable delay. | $3.7M | Series A | Jun 10, 2008 |  |
| QRxPharma | QRxPharma is an Australian-based, commercial-stage specialty pharmaceutical company focused on the development and commercialization of new pain management and abuse prevention productsBased on a development strategy that focuses on enhancing the clinical utility of currently approved compounds as well as bringing new products to market, thecompany's product portfolio includes both late and early stage clinical drug candidates with the potential for reduced risk, abbreviated development paths, and improved patient outcomes.In Q4 2013, the Company plans to refile with the US Food and Drug Administration a New Drug Application for its lead product candidate, immediate release MOXDUO®, for the treatment of acute pain. QRxPharma has entered into strategic agreements with Actavis Inc., Paladin Labs Inc. and Aspen Group for the commercialisation of immediate release MOXDUO in the US, Canada, Australia (including New Zealand and Oceania) and South Africa.The Company's clinical pipeline includes an intravenous (IV) and controlled release (CR) formulation of MOXDUO. QRxPharma is also collaborating with Aesica Formulation Development Limited, for the worldwide promotion of QRxPharma's proprietary Stealth Beadlets™ abuse deterrence technology. | $5M | Series A | Dec 10, 2002 |  |
| ActiveSky Research Pty Ltd | ActiveSky Research Pty, Ltd. provides online mobile multimedia application development and distribution platforms. It offers multimedia publishing and distribution technology solutions that enable the rapid deployment of customizable rich graphical user-interfaces and multimedia applications on current and emerging wireless handsets. | $21.8M |  | Dec 28, 2000 |  |

6 of 6 investments shown.

## Co-investors
- [Starfish Ventures](https://shizune.co/investors/profile/starfish-ventures) — VC Fund, 2 deals together
- [Cipio Partners](https://shizune.co/investors/profile/cipio-partners) — VC Fund, 1 deal together
- [Core Capital Partners](https://shizune.co/investors/profile/core-capital-partners) — VC Fund, 1 deal together
- [JK&B Capital](https://shizune.co/investors/profile/jk-b-capital) — VC Fund, 1 deal together
- [Kodiak Venture Partners](https://shizune.co/investors/profile/kodiak-venture-partners) — VC Fund, 1 deal together
- [Nanyang Ventures](https://shizune.co/investors/profile/nanyang-ventures) — VC Fund, 1 deal together

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## FAQ

### What does Innovation Capital invest in?

Innovation Capital invests primarily in Software, Audio and AgTech startups, most often at Funding Round and Series A stage. Most of the 6 investments tracked by Shizune back companies in Australia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Innovation Capital's check size?

Innovation Capital typically joins rounds of $3.7M–$5M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Innovation Capital participates in.

### How do I contact Innovation Capital?

Public channels for Innovation Capital include 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 Innovation Capital?

The team at Innovation Capital includes Chantal Parpex (Team Member), Derek Kerr (Chief Financial Officer) and Ian Bund (Co-founder), among 8 team members tracked by Shizune. 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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