# Luke Fay

> Luke Fay is a Series A investor at Artesian VC (Sydney) backing Software and Solar. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Artesian VC](https://shizune.co/investors/profile/artesian-capital-management)
- Location: Sydney, Australia
- Total investments: 5
- Last investment: Jul 2022
- Lead investor: 60%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/fayluke

Luke Fay is a Series A investor at Artesian VC in Sydney focused on Software and Solar. Luke Fay - Partner @ Artesian VC

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 2 | 40% |
| Solar | 1 | 20% |
| Energy | 1 | 20% |
| Battery | 1 | 20% |
| FinTech | 1 | 20% |

19 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 4 | 80% |
| Series B | 1 | 20% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Australia | 3 | 60% |
| United Kingdom | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| mx51 | mx51 partners with acquirers and payment providers to deliver exceptional merchant experiences. mx51's bank-grade payments as a service platform and scalable cloud-based technology seamlessly connects the world of commerce into payments. mx51 was established in 2016 in Sydney, New South Wales by Magnus Hsu. | $32.5M | Series B | Jul 19, 2022 |  |
| mx51 | mx51 partners with acquirers and payment providers to deliver exceptional merchant experiences. mx51's bank-grade payments as a service platform and scalable cloud-based technology seamlessly connects the world of commerce into payments. mx51 was established in 2016 in Sydney, New South Wales by Magnus Hsu. | $25M | Series A | May 24, 2021 |  |
| Carv | Carv is the first wearable dedicated to skiing that speaks to you as you ski - it’s your digital ski coach. Built in consultation with Olympians, Carv gives you access to the feedback and knowledge that only elite skiers have had access to so far. With an extremely thin smart insert, Carv measures your motion and pressure distribution andrelays feedback through your earphones in real-time.Carv connects wirelessly to your smartphone to give simple, actionable feedback to casual skiers and detailed metrics and analysis for advanced and professional skiers.Carv lets you train, compete and challenge people with its detailed metrics and helps you improve your skiing with technique analysis. | $2.3M | Series A | Oct 15, 2020 |  |
| Evergen | Evergen we are on a mission to kill a coal fired power station in 10 countries by 2023. Our team is an amazing mix of some of the smartest, curious and most diverse people from all over the world working together to speed up the transition of the world to renewables.We have worked hard to develop some simple principles we live by. Theseprinciples are not just some words in the back of an employee handbook, they are principles we use to hold each other accountable, make hiring decisions and determine who we partner with.We have, and will continue to pass on deals, people, investors if they don't align to our values.1. Pull together, keep at it. 2. Better, faster, smarter. 3. Talk straight, listen hard. 4. Enjoy the ride.If the above don't fundamentally feel right to you, then that's cool, each to their own, but we're not sure it's going to work out between us... Product (tell us about your product)Evergen Intelligent Control optimises solar and battery system performance, enabling homeowners to take control of their energy costs and impact on the environment.Our technology also enables smarter energy by orchestrating large fleets of batteries to enable Virtual Power Plants. This ensures a resilient and decentralised energy system of the future and drives benefits for consumers, businesses, network operators and utilities.Picture this, 1000's of houses all over Australia (and eventually globally) each with their own solar and battery system all working together to supply excess power into the grid.This is real, right here, right now. Evergen is the platform that automatically does this. What we do is power Virtual Power Plants (VPP's for short).Yep, pretty cool huh. | $3.8M | Series A | Sep 01, 2020 |  |
| Ferronova | Ferronova is a medical device company that offers imaging and surgery products. | $2.3M | Series A | May 25, 2020 |  |

5 of 5 investments shown.

## Co-investors
- [Mastercard](https://shizune.co/investors/profile/mastercard) — VC Fund, 3 deals together
- [Acorn Capital](https://shizune.co/investors/profile/acorn-capital) — VC Fund, 2 deals together
- [Commencer Capital](https://shizune.co/investors/profile/commencer-capital) — VC Fund, 2 deals together
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund, 2 deals together
- [Brisbane Angels](https://shizune.co/investors/profile/brisbane-angels) — VC Fund, 1 deal together
- [Cultivation Capital](https://shizune.co/investors/profile/cultivation-capital) — VC Fund, 1 deal together

## About Artesian VC

VC Fund · Melbourne, Australia

Artesian Capital Management is an alternative investments management company, which was spun out of ANZ Banking Group's capital markets business in 2004, with backing from ANZ Private Equity. Artesian's founding partners, purchased ANZ's stake in 2005. The company has subsequently been fully owned by partners and staff. Since 2004,Artesian has managed specialised funds focused on credit arbitrage and relative-value strategies across global financial markets. In 2008, while continuing to manage credit relative value investment strategies from its New York, London and Singapore offices, Artesian began to make principal investments in seed/early-stage ventures from its offices in Sydney, Melbourne and Shanghai. In 2011, Artesian launched the first of its early stage venture capital funds and now manages AUD +255m. Artesian's VC strategy is to partner with best of breed accelerators, incubators, angel groups and university programs. In 2017, Artesian launched its China VC Fund with a USD 50m cornerstone investment industry super fund Hostplus. Artesian will soon launch a Southeast Asia VC Fund.

5 contacts available at Artesian VC.

| Name | Title | Profile |
| --- | --- | --- |
| Luke Fay | Partner | https://shizune.co/investors/profile/luke-fay |
| Matthew Clunies-Ross | Managing Partner | https://shizune.co/investors/profile/matthew-clunies-ross |
| David Gallagher | Managing Director | https://shizune.co/investors/profile/david-gallagher-5 |
| David Rohrsheim | Portfolio Manager, South Australian Venture Capital Fund | https://shizune.co/investors/profile/david-rohrsheim |
| Felix Zhang | Partner | https://shizune.co/investors/profile/felix-zhang |

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## FAQ

### What does Luke Fay invest in?

Luke Fay invests primarily in Software, Solar and Energy startups, most often at Series A and Series B stage. Most of the 5 investments tracked by Shizune back companies in Australia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Luke Fay last invest?

The most recent investment recorded for Luke Fay closed in Jul 2022. Shizune tracks 5 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.

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