# Upswell Ventures

Upswell Ventures is a Venture Capital based in Perth, Australia.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Perth, Australia
- **Region:** Oceania
- **Address:** Perth, WA, Australia
- **Assets under management:** Undisclosed
- **Website:** www.upswellvc.com
- **LinkedIn:** https://www.linkedin.com/company/upswell-ventures

## Regulatory record

- **Reports private funds:** No

## About

Upswell Ventures is a venture capital firm based in Australia. It focuses on early-stage investments. The firm has made 5 investments to date.

## Sectors

- Enterprise Software
- AI/ML

## Questions

### Does Upswell participate in fund commitments or only direct deals?

Upswell makes direct equity investments into portfolio companies rather than operating as a fund-of-funds. The firm is structured to lead or co-lead seed rounds, though public documentation on whether it ever commits as an LP into other venture funds is not available.

### Which sectors does Upswell Ventures explicitly focus on?

The firm invests in enterprise software and applied AI companies. It targets B2B founders building from Australia for global markets. The concentration reflects Western Australia's emerging strength in resource-adjacent technology, industrial software, and enterprise SaaS.

### How is Upswell Ventures positioned within the Australian venture capital market?

Australia's venture industry is heavily weighted toward Sydney and Melbourne. Upswell is one of the limited number of dedicated early-stage VC firms headquartered in Perth. This gives it a structural advantage in accessing Western Australian founders who struggle to get on the radar of east-coast funds.

## Related profiles

- [Upstream Ventures](https://altss.com/profile/upstream-ventures)
- [Up to Eleven](https://altss.com/profile/up-to-eleven)

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

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