# Stephen Baxter

> Stephen Baxter is a seed investor at River City Labs (Brisbane) backing Software and SaaS. See 31 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [River City Labs](https://shizune.co/investors/profile/rivercity-labs)
- Location: Brisbane, Australia
- Total investments: 31
- Last investment: May 2026
- Lead investor: 26%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/stephen-baxter-021448
- X (Twitter): https://twitter.com/sbxr
- Website: http://www.stevebaxter.com.au
- Facebook: https://www.facebook.com/pg/SharkBaxter

Stephen Baxter is a seed investor at River City Labs in Brisbane focused on Software and SaaS. Stephen Baxter - Founder @ River City Labs

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $500k–$2.9M |
| Pre-Seed | $60k–$2.2M |
| Series A | $6M–$18M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 4 | 13% |
| SaaS | 3 | 10% |
| Health Care | 3 | 10% |
| Information Technology | 3 | 10% |
| Apps | 2 | 6% |

57 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 8 | 26% |
| Pre-Seed | 5 | 16% |
| Series A | 4 | 13% |
| Angel | 3 | 10% |
| Funding Round | 2 | 6% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Australia | 17 | 55% |
| United States | 1 | 3% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Arkeus | Arkeus specializes in the quick design, creation, and production of autonomous optical capabilities for Search, Intelligence, Surveillance, and Reconnaissance (SISR). | $17.9M | Series A | May 15, 2026 |  |
| Arkeus | Arkeus specializes in the quick design, creation, and production of autonomous optical capabilities for Search, Intelligence, Surveillance, and Reconnaissance (SISR). | $3.2M | Venture - Series Unknown | Mar 20, 2025 |  |
| Arkeus | Arkeus specializes in the quick design, creation, and production of autonomous optical capabilities for Search, Intelligence, Surveillance, and Reconnaissance (SISR). | $2.9M | Seed | Dec 04, 2023 |  |
| Instant | Instant is a fintech startup that makes online payments quick and simple. Instant's software is used by sellers of all sizes to simplify the shopping, checkout, and purchasing journey for their customers, increasing conversion and customer satisfaction. Instant will enable sellers to ensure that they have the opportunity to win not only at thecheckout, but also in data, payments, social commerce, and other areas, making online shopping fun, rewarding, and instant for their Gen Z customers. | $2.2M | Pre-Seed | Feb 02, 2022 |  |
| Clipchamp | Clipchamp is the online video editor that empowers anyone to tell stories worth sharing. Our in-browser platform gives users access to professional video editing tools and features from simple cropping and resizing to special effects like transitions, motion titles, and even Green Screen. Also on offer – an 800 thousand asset strong stock libraryand hundreds of editable video templates. | $13.2M | Series A | Feb 11, 2020 |  |
| Drawboard | We are a PDF and collaboration company. We believe that creating more effective connections between people reduces waste.Our best work has been overtaken by busywork. That’s why we’ve created ways to help people get back to working wonders without any paper in sight.Drawboard PDF lets you mark up and share with ease, and Drawboard Projectsbrings collaborative design review to architecture and engineering teams.At Drawboard, we work our magic so our customers can get back to working theirs. | $6M | Series A | Dec 13, 2019 |  |
| Kapiche | Kapiche is a B2B SaaS company that has built an experience intelligence platform to help customer-centric organisations understand and optimize the experiences they deliver. The platform is built around their Natural Language Processing technology which can take 10s of 1,000s of pieces of unseen customer/employee feedback data (both structuredand unstructured) and, in minutes, with no prior setup and no pre-trained models, identify the salient themes being discussed, how the respondents feel about those themes, and what impact it has on your business. | $1.2M | Seed | Sep 03, 2019 |  |
| Car Next Door | Car Next Door is an online marketplace, providing a booking system and a range of in-vehicle technologies to make car-sharing safe, fast, keyless, and easy for both car owners and car borrowers. It will enable 10,000 Australians to share their cars with neighbors, thereby removing the dependency on personal vehicle ownership and fundamentallychanging the way people make their transport decisions.Car Next Door is based in Sydney, Australia. | $1.2M | Corporate Round | Jul 04, 2018 |  |
| QPay | QPay is an application that enables users in Australia to split their bills with others. It was launched in March 2013. |  | Seed | Jun 28, 2018 |  |
| Arkose Labs | Arkose Labs is an information technology company that focuses on financial services and provides fraud prevention, anti-spam, and abuse analysis for businesses, companies, and industries. Its technology is designed for retail, gaming, and fin-tech. Arkose Labs bankrupts the business model of fraud. Recognized by Gartner as a 2020 Cool Vendor, itsinnovative approach determines true user intent and remediates attacks in real-time. Risk assessments combined with interactive authentication challenges undermine the ROI behind attacks, providing long-term protection while improving good customer throughput. Founded in Brisbane Australia, and backed by Microsoft, PayPal, and SoftBank Venture Fund 2*, Arkose Labs is hailed by customers as a user-friendly solution to an ever-evolving fraud landscape. Arkose Labs was named by Cyber Defense Magazine as a 2021 “Hot Company in Fraud Prevention”, a Fast Company 2021 “Best World Changing Idea in North America” honoree, and was named by CNBC in their list of the top 100 start-ups to watch in 2019.The company was founded in 2017 and headquartered in San Francisco, California. |  | Series A | Apr 18, 2018 |  |

10 of 31 investments shown.

## Co-investors
- [Amasia](https://shizune.co/investors/profile/amasia) — VC Fund, 4 deals together
- [Main Sequence Ventures](https://shizune.co/investors/profile/main-sequence-ventures) — VC Fund, 4 deals together
- [Salus Ventures](https://shizune.co/investors/profile/salus-ventures) — VC Fund, 4 deals together
- [January Capital](https://shizune.co/investors/profile/january-capital) — VC Fund, 3 deals together
- [Investible](https://shizune.co/investors/profile/investible) — VC Fund, 2 deals together
- [muru-D](https://shizune.co/investors/profile/investment-advantaged-software-pty-ltd) — VC Fund, 2 deals together

## About River City Labs

VC Fund · Newstead, Australia

River City Labs is a coworking community of like minded individuals who came together to promote and develop early stage and start up businesses and entrepreneurial activity in the mobile, Internet, telecoms and technology sector in Brisbane and surrounding regions in Australia.They are more than desks, they are a community of passionate,motivated people just like you!Their varied work spaces include lounge areas, open work spaces, offices, and desks all available on daily, casual or monthly plans. At River City Labs members are surrounded by like minded people all cutting a similar path, as well as having access to mentoring, regular networking events, seminars, workshops and opportunities to connect with venture capitalists, investors and other entrepreneurs.They are a not for profit organisation with an independent board and staff of the facility are not involved in any capacity with an accelerator, investment company or any another firm hoping to derive services revenue from the entrepreneurs who work in the Labs.It’s their wish to encourage other accelerators, incubators and professional services companies to follow suit as well as come along and be involved – they think the best way to do this is not to get in their way but create a focused forum that allows all to participate.River City Labs is about being the focal point for activity in the early stage and start up space in the mobile, Internet, telecoms and technology sector in the Brisbane area. Their focus is on driving the local ecosystem of mentors, angels, venture capitalists, investment bankers, accountants, lawyers, business advisors, contract web design and developers and any other relevant party to help out the businesses using the Labs.

3 contacts available at River City Labs.

| Name | Title | Profile |
| --- | --- | --- |
| Colin Kinner | Startup Strategy Guy | https://shizune.co/investors/profile/colin-kinner |
| Stephen Baxter | Founder | https://shizune.co/investors/profile/stephen-baxter |
| Stephen Baxter | Founder | https://shizune.co/investors/profile/steve-baxter-2 |

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### Similar country
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## FAQ

### What does Stephen Baxter invest in?

Stephen Baxter invests primarily in Software, SaaS and Health Care startups, most often at Seed and Pre-Seed stage. Most of the 31 investments tracked by Shizune back companies in Australia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Stephen Baxter's check size?

Stephen Baxter typically joins rounds of $500k–$2.9M at Seed, $60k–$2.2M at Pre-Seed and $6M–$18M 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 Stephen Baxter participates in.

### When did Stephen Baxter last invest?

The most recent investment recorded for Stephen Baxter closed in May 2026. Shizune tracks 31 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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