# Perle Ventures

Perle Ventures is a Venture Capital based in Sydney, Australia.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Sydney, Australia
- **Region:** Oceania
- **Address:** L11, 9 Castlereagh Street, Sydney, NSW, 2000, Australia
- **Founded:** 2024
- **Assets under management:** Undisclosed
- **Website:** perleventures.com
- **LinkedIn:** https://www.linkedin.com/company/perleventures

## Regulatory record

- **Reports private funds:** No

## About

Perle Ventures is a venture capital firm that invests in venture and growth stage technology companies. It has made 23 investments, including a Series C investment in Academy Xi on October 04, 2021. The firm has facilitated 3 portfolio exits, with FiscalNote exiting on August 01, 2022.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- Education

## People

- Shayne Smyth — Co-Founder & Chairman
- Michael An — Co-Founder & Managing Director
- Chris Yoo — Senior Advisor
- David Lee — Advisor & Partner at Refactor Capital

## Questions

### Who runs investment decisions at Perle Ventures?

Co-Founder & Managing Director Michael An leads investment discovery and portfolio collaboration for Perle Ventures. His 20-year background spans founder, investor, and board roles across technology, education, telecommunications and financial services. Co-Founder & Chairman Shayne Smyth provides operational and scaling guidance drawn from founding and exiting Cover-More Group Ltd. Senior Advisor Chris Yoo, with private equity experience at Bain Capital Partners and Crescent Capital Partners, also contributes to investment evaluation and strategic support.

### How does Perle Ventures support its portfolio companies operationally?

The firm's founder-operator heritage defines its value-add model. Having built and divested a public-market company, the team provides portfolio founders with direct guidance on scaling operations, strategy, and business development. Senior Advisor Chris Yoo brings private-equity operational improvement expertise from his time at Bain Capital Partners and Crescent Capital Partners, while David Lee offers access to a network built through SV Angel and Refactor Capital.

### Does Perle Ventures co-invest alongside other venture capital firms?

Perle Ventures' website does not detail its co-investment practices. The firm's collaborative language and the presence of David Lee — a Partner at Refactor Capital — suggest an openness to syndication with other early-stage investors, but no published data confirms specific co-investment relationships or club-deal structures.

### Which sectors does Perle Ventures focus on?

The firm's principals' backgrounds and its stated mandate concentrate on technology companies. The website does not publish an explicit sector-exclusion list, but the investment team's expertise spans enterprise software, fintech, digital health, education, telecommunications and financial services. Chris Yoo brings additional focus on healthcare and technology from his private equity career.

### Where is the underlying capital for Perle Ventures sourced from?

The capital base originates from Co-Founder & Chairman Shayne Smyth's founding and subsequent divestiture of Cover-More Group Ltd, an ASX-listed travel insurance and medical assistance company. Michael An's wealth originates from a 20-year career as a founder and investor. The firm does not disclose the size of its capital commitments or whether it pools external investor money alongside founder capital.

## Related profiles

- [Perks](https://altss.com/profile/perks-private-wealth)
- [Perma Funds Management](https://altss.com/profile/perma-funds-management)

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Last updated: 2026-06-03T20:00:00.000Z

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