16 Sydney SaaS investors backing B2B software founders in 2026

16 SaaS investors are actively writing checks for Sydney B2B software founders in 2026. Sydney has 1,790 active SaaS companies with 371 funded and $4.5B raised. Atlassian is worth $46B. Canva is at $40B. Both were backed by Sydney VCs from early stage.

Sydney is the centre of Australian B2B SaaS. Atlassian, Canva, SafetyCulture, and Deputy all started here. The investors who backed them are still active and still writing checks.

B2B SaaS investors in Sydney aren't interchangeable. EVP leads high-conviction Series A rounds. Tidal Ventures backs seed-stage product founders with operator knowledge. Blackbird and AirTree can write checks at any stage but won't lead a round without clear category conviction.

Set up an Ellty data room before approaching any Sydney SaaS investor. B2B due diligence includes cohort retention, net revenue retention, and financial models - having them organised in trackable links shows you know what matters.

What is a Sydney SaaS investor?

Sydney SaaS investors back founders building subscription software for enterprise, SMB, and consumer markets. They're different from generalist VCs - they benchmark you against Atlassian's ARR growth curves and expect you to know your net revenue retention before the first call.

Check sizes range from $100K pre-seed from Antler to $15M+ Series A leads from EVP and Blackbird. Most Sydney SaaS VCs want to see 12-18 months of ARR growth and clear net revenue retention data before leading a Series A. Some don't. Know which type you're pitching.

Sydney has 1,790 active SaaS companies including 371 funded companies that collectively raised $4.5B. Four unicorns are based here. With roughly 90% of Australian VC going to B2B companies, SaaS is the dominant investment category.

Compare how New South Wales investors approach B2B software across all stages. NSW has the highest concentration of SaaS-focused VCs in Australia.

16 Sydney SaaS investors writing checks for B2B software founders

1. EVP

EVP is Sydney's most B2B SaaS-focused VC with $300M across four fund vintages. 80 investments, 58 as lead, 10 exits including 2 IPOs and 1 unicorn. Portfolio includes Deputy, SiteMinder, Ignition, and Shippit. They write $3M-$15M Series A leads and will only invest in companies with clear B2B software models. Latest 2026 investments include EatClub (February 2026) and CorePlan ($5M, February 2026).

Upload your cohort retention, ARR growth data, and financial model to Ellty before approaching EVP. They make high-conviction decisions fast and expect founders to have complete diligence-ready materials.

• Recent Deals: EatClub February 2026; CorePlan $5M February 2026; 3 investments in 2026; Deputy, SiteMinder portfolio
• LinkedIn: EVP LinkedIn
• Sector Focus: B2B SaaS, enterprise software, AI-enabled software, fintech SaaS
• Stage Focus: Series A lead ($3M-$15M)
• Location: Bondi, Sydney, NSW, AU
• Website: evp.com.au

2. Tidal Ventures

Tidal Ventures is a Sydney seed fund co-founded by operators from Macquarie, Yahoo, and Atlassian. Third fund closed with QIC backing. 52 investments, 31 as lead, 4 exits. They led Operata's $11M Series A in 2026, backed Checkbox (legal AI SaaS), Shippit, FrankieOne, and PredictHQ. Tidal spots sugarcoated churn quickly - don't pitch vague unit economics. Come with real cohort retention data.

Set up an Ellty data room before approaching Tidal. Their operator partners evaluate product quality and team depth quickly - having your technical architecture alongside financials signals real execution capability.

• Recent Deals: Operata $11M Series A lead 2026; Checkbox, Shippit, FrankieOne portfolio; 52 investments, 31 as lead
• LinkedIn: Tidal Ventures LinkedIn
• Sector Focus: B2B SaaS, AI, cybersecurity, API platforms, enterprise
• Stage Focus: Seed ($1M-$5M)
• Location: Sydney, NSW, AU
• Website: tidalvc.com

3. Blackbird Ventures

Blackbird is Australia's most active VC with 356 investments and $10B+ portfolio value. Their sixth flagship fund began raising in September 2025. They backed Canva, Airwallex, and SafetyCulture - all SaaS category leaders. Blackbird writes $500K-$50M+ checks at any stage and follows conviction over category. For SaaS founders, they want global ambition and a clear path to $100M+ ARR.

Read the sell-side due diligence checklist to understand how institutional VCs evaluate SaaS companies at pitch stage. Blackbird runs thorough partner diligence before term sheets.

• Recent Deals: Canva, SafetyCulture, Airwallex portfolio; Kimia seed April 2026; 29 investments in 2025; Fund VI raise 2025
• LinkedIn: Blackbird Ventures LinkedIn
• Sector Focus: SaaS, AI, enterprise software, fintech, consumer, deep tech
• Stage Focus: Seed to growth ($500K-$50M+)
• Location: Sydney, NSW, AU
• Website: blackbird.vc

4. AirTree Ventures

AirTree closed a $650M Fund V in August 2025 - the largest ANZ VC fund ever. Their seed fund ($250M) and growth fund ($400M) let them back SaaS founders from first check through Series C. Portfolio includes Employment Hero (HR SaaS, $2B+ valuation), SafetyCulture, and Linktree. 8 investments in the past 12 months. AirTree is open to SaaS in any vertical if the founder has a global-from-day-one thesis.

Use Ellty to prepare your data room before AirTree outreach. They run structured processes and want your ARR, churn, NRR, and CAC payback in one organised place before the second meeting.

• Recent Deals: $650M Fund V August 2025; Employment Hero, SafetyCulture portfolio; 8 investments past 12 months
• LinkedIn: AirTree LinkedIn
• Sector Focus: SaaS, AI, fintech, consumer tech, climate tech
• Stage Focus: Seed through growth ($500K-$20M+)
• Location: Sydney, NSW, AU
• Website: airtree.vc

5. Square Peg Capital

Square Peg manages $3.6B+ USD with 194 investments and a strong B2B SaaS portfolio. They backed Cuttable and Lorikeet (AI SaaS) in 2025, and Aidoc (healthcare SaaS) in April 2026. 16 investments in the past 12 months. Square Peg invests from seed to Series B and has returned $1B+ AU to investors. Their global network in Israel, Southeast Asia, and the US adds distribution value for SaaS founders targeting international markets.

• Recent Deals: Cuttable and Lorikeet 2025; Aidoc April 2026; 194 total investments; $3.6B+ USD AUM
• LinkedIn: Square Peg LinkedIn
• Sector Focus: SaaS, AI, fintech, enterprise software, developer tools
• Stage Focus: Seed to growth ($2M-$20M+)
• Location: Sydney, NSW, AU (global)
• Website: squarepeg.vc

6. OIF Ventures

OIF Ventures backs purpose-driven Australian founders at seed and early stage. Founded by David Shein and Geoff Levy AO with 81 investments and 5 exits. They want SaaS founders solving structural market problems with clear distribution advantages. Don't approach them with incremental improvements on existing enterprise software. Show a genuine category shift.

• Recent Deals: 4 investments past 12 months; 81 total investments; 5 exits
• LinkedIn: OIF Ventures LinkedIn
• Sector Focus: SaaS, marketplaces, enterprise software, AI
• Stage Focus: Seed to Series A
• Location: Sydney, NSW, AU
• Website: oifventures.com.au

7. Folklore Ventures

Folklore Ventures is a Sydney seed fund with a first-check-to-forever philosophy. Founded by Alister Coleman with 41 investments and a long-hold strategy. They backed 2 exits and 1 IPO and don't exit early. For SaaS founders raising their first $500K-$2M, Folklore's patience is genuine - they won't push you toward premature exits if your category needs more time to play out.

Use Ellty to prepare materials before approaching Folklore. First-check VCs evaluate founder thinking - having structured documentation from day one shows you're serious about building durably.

• Recent Deals: 41 investments; 2 exits, 1 IPO; long-hold seed portfolio; ANZ focus
• LinkedIn: Folklore Ventures LinkedIn
• Sector Focus: SaaS, AI, software, ANZ tech founders
• Stage Focus: First check to Series A
• Location: Sydney, NSW, AU
• Website: folklore.vc

8. Carthona Capital

Carthona Capital is a thematic Sydney VC with 115 investments across SaaS, fintech, and proptech. Portfolio includes Life360, Airtasker, and Credible. 18 exits, 8 IPOs, $400M committed capital. They back global founders from pre-seed to Series A with hands-on support and follow-on capital. 9 investments in the past 12 months. They're one of Sydney's most consistent early-stage SaaS backers.

• Recent Deals: 9 investments past 12 months; Life360, Airtasker, Credible portfolio; 115 investments, 18 exits
• LinkedIn: Carthona LinkedIn
• Sector Focus: SaaS, fintech, proptech, crypto, enterprise software
• Stage Focus: Pre-seed to Series A
• Location: Sydney, NSW, AU
• Website: carthonacapital.com

9. OneVentures

OneVentures provides growth equity and venture debt to scale-stage tech and SaaS companies. $900M+ AUM across eight funds. Latest 2026 investment was me&u (April 2026), a restaurant tech SaaS platform. Portfolio includes Phocas (business intelligence SaaS, exited October 2025). OneVentures writes $5M-$30M checks and is right for SaaS founders past Series A who need capital without dilution pressure.

Read the due diligence for investors checklist before engaging OneVentures. They run disciplined growth equity diligence with specific information requirements on unit economics and market sizing.

• Recent Deals: me&u April 2026; Phocas exit October 2025; $900M+ AUM; 8 active funds
• LinkedIn: OneVentures LinkedIn
• Sector Focus: SaaS, healthtech, life sciences, marketplace, enterprise
• Stage Focus: Series B to growth ($5M-$30M)
• Location: Sydney, NSW, AU
• Website: one-ventures.com.au

10. Investible

Investible is a Sydney early-stage VC with 197 investments and 15 exits. They back SaaS alongside climate tech and deep tech. 12 investments in the past 12 months. For SaaS founders raising sub-$3M rounds, Investible's combination of a formal VC fund and the Club Investible global community gives you both capital and warm introductions to follow-on investors.

• Recent Deals: 12 investments past 12 months; 197 total investments; 15 exits including 2 IPOs
• LinkedIn: Investible LinkedIn
• Sector Focus: SaaS, AI, deep tech, climate tech, software
• Stage Focus: Seed to Series A ($250K-$3M)
• Location: Sydney, NSW, AU
• Website: investible.com

11. Main Sequence

Main Sequence is CSIRO's $1B+ deep tech VC with Fund 3 actively deploying. They back SaaS companies that originate from deep research advantages - cybersecurity SaaS, AI-native platforms, and data infrastructure. They backed Kasada ($20M, December 2025). Most active at seed to Series B for founders with genuine research pedigrees from UNSW or CSIRO.

• Recent Deals: Kasada $20M December 2025; 10 investments past 12 months; A$1B+ AUM; Fund 4 expected late 2026
• LinkedIn: Main Sequence LinkedIn
• Sector Focus: Deep tech SaaS, AI, cybersecurity, health, security, quantum
• Stage Focus: Seed to Series B ($1M-$20M)
• Location: Sydney, NSW, AU
• Website: mseq.vc

12. Reinventure

Reinventure is Australia's leading fintech-focused VC, managing $150M with 34 portfolio companies. They now raise independently after decoupling from Westpac. Portfolio includes SocietyOne, Kasada ($30M Series D, December 2025), and Safewill. They primarily back fintech SaaS founders but have expanded to regtech, embedded finance, and compliance SaaS. Write $500K-$5M seed to Series A checks.

• Recent Deals: Kasada $30M Series D December 2025; Safewill seed 2025; 34 portfolio companies; independent fund raise
• LinkedIn: Reinventure LinkedIn
• Sector Focus: Fintech SaaS, regtech, embedded finance, compliance software
• Stage Focus: Seed to Series A ($500K-$5M)
• Location: Sydney, NSW, AU
• Website: reinventure.com.au

13. AfterWork Ventures

AfterWork Ventures backs Oceania SaaS and AI founders at pre-seed and seed. They're listed among Australia's most active VCs in 2026. Their community-driven approach and startup network makes them accessible for first-time founders. For SaaS founders raising $500K-$3M in NSW who want a hands-on early partner, AfterWork is worth a conversation.

• Recent Deals: Active 2025-2026 with Oceania-focused SaaS mandate; most active NSW VC list 2026
• LinkedIn: AfterWork Ventures LinkedIn
• Sector Focus: SaaS, AI, consumer tech, Oceania founders
• Stage Focus: Pre-seed to seed ($500K-$3M)
• Location: Sydney, NSW, AU
• Website: afterwork.vc

14. TEN13

TEN13 is an angel syndicate VC with 70+ investments and strong NSW SaaS deal flow. They back founders at seed in SaaS, AI, and deep tech with $250K-$2M per syndicate. For SaaS founders raising their first $500K-$1.5M who aren't ready for institutional VCs, TEN13's fast-close syndicate model gets a decision faster than most formal fund processes.

• Recent Deals: 70+ investments; active 2025-2026 SaaS and AI deployments; national syndicate reach
• LinkedIn: TEN13 LinkedIn
• Sector Focus: SaaS, AI, healthtech, deep tech, ANZ founders
• Stage Focus: Seed ($250K-$2M per syndicate)
• Location: Brisbane/Sydney, AU
• Website: ten13.vc

15. Sydney Angels

Sydney Angels is NSW's primary angel network, established in 2008. They run structured investment processes connecting angel members with early-stage NSW SaaS companies. Individual angels invest from $25K with syndicate rounds reaching $250K+. For SaaS founders raising sub-$2M who aren't ready for institutional VCs, Sydney Angels is the most accessible first conversation in the NSW capital market.

• Recent Deals: Active 2025-2026; regular pitch nights; Sydney-based company mandate; 250+ angel members
• LinkedIn: Sydney Angels LinkedIn
• Sector Focus: All sectors including SaaS, NSW-based companies
• Stage Focus: Pre-seed to seed ($25K-$250K+ syndicate)
• Location: Sydney, NSW, AU
• Website: sydneyangels.net.au

16. Antler

Antler is a global pre-seed company builder with an active Sydney program. Their model combines $100K-$500K pre-seed checks with co-founder matching and structured 10-week residencies. The 2026 Sydney cohort includes multiple SaaS and AI-first companies. Antler is the right first step for a technical SaaS founder who needs a co-founder and first capital at the same time.

• Recent Deals: Active Sydney cohorts 2025-2026; global portfolio 1,000+ companies; ANZ AI and SaaS focus
• LinkedIn: Antler LinkedIn
• Sector Focus: SaaS, AI, deep tech, all sectors
• Stage Focus: Pre-seed ($100K-$500K)
• Location: Sydney, NSW, AU (global)
• Website: antler.co

How to find Sydney SaaS investors who are actively deploying

The fastest way to check if a Sydney SaaS fund is deploying is to look at their last 3 investments on Crunchbase. A fund with 8 portfolio companies but no new deals in 18 months isn't worth cold outreach.

Tank Stream Ventures is a cautionary example: once one of Sydney's most active SaaS funds, their fund is now fully deployed and new deals flow through BridgeLane Group. Always verify before reaching out.

What to prepare before reaching out to Sydney SaaS investors

Sydney SaaS VCs benchmark your metrics against public comps. Know your Atlassian comparable, your NRR number, and your CAC payback period before any first meeting. Most don't care about vanity metrics.

Victoria investors frequently co-invest with Sydney SaaS funds on larger rounds. Building Rampersand or Airtree Melbourne relationships opens pathways to deals that pull in NSW co-investors.

Use Ellty to create separate data rooms per investor type. EVP wants 3 years of cohort data. Seed funds want a 12-month runway model and customer logos. One link per investor type is cleaner than a shared folder.

How foreign founders raise SaaS capital in Sydney in 2026

Several Sydney SaaS investors will back non-Australian founders if the product has an Australian go-to-market. Carthona, Blackbird, and Square Peg all invest globally and have backed international founders building for ANZ markets.

Getting an Australian co-founder or local advisor before pitching increases conversion significantly. Most Sydney VCs want at least one locally-based founder who understands enterprise sales in the Australian market.