# Xilium Capital

Xilium Capital is a Private Equity based in Sydney, Australia.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Sydney, Australia
- **Region:** Oceania
- **Address:** Sydney, NSW, Australia
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** www.xilium.io
- **LinkedIn:** https://www.linkedin.com/company/xilium-capital

## Regulatory record

- **Reports private funds:** No

## About

Xilium Capital is the private investment fund of Carroll Corporation. It is a hands-on venture investor that funds and supports founders at Pre-seed, Seed or Series A. The firm is Australian based with a global outlook and prefers situations where it can collaborate deeply with portfolio companies.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- AgriTech & FoodTech
- AI/ML

## People

- Thomas Fu — Co-Founder and Managing Partner
- Adrian Yusuf — Co-Founder and Partner

## Questions

### Who makes investment decisions at Xilium Capital?

Co-founders Thomas Fu and Adrian Yusuf lead all investment decisions jointly. The firm operates a flat decision-making structure without a separate investment committee, which allows for rapid commitment to pre-seed and seed-stage rounds. Both principals maintain active involvement in portfolio company development through the firm's builder platform.

### How does Xilium Capital source proprietary deal flow?

Xilium sources primarily through deep operational networks in the Sydney and Melbourne startup communities, leveraging its builder platform as a magnet for technical founders seeking more than passive capital. The firm's engineering and product resources attract entrepreneurs who need hands-on support rather than just a cheque, creating a natural filtering mechanism in its origination funnel.

### What investment stages does Xilium Capital typically target?

The firm focuses on pre-seed through Series A rounds, with a strong preference for leading or co-leading first institutional rounds. Xilium's builder model allows it to enter earlier than many competitors, sometimes participating in pre-product or pre-revenue stages where its internal technical resources can materially reduce execution risk for founding teams.

### Does Xilium Capital participate in fund commitments or only direct deals?

Xilium deploys exclusively through direct equity investments into operating companies. There is no public record of the firm making fund-of-fund commitments or investing in other venture capital vehicles. Its operational model requires board-level engagement or active collaboration with portfolio company management.

### Which sectors does Xilium Capital explicitly avoid?

Xilium has not publicly articulated explicit sector exclusions. However, its builder model and technical operator lens suggest low appetite for capital-intensive hardware, medical devices, or sectors where the firm cannot directly contribute operational leverage beyond capital. Its historical public focus has remained firmly within enterprise software, fintech, and adjacent digital-native categories.

### What is Xilium Capital's known posture on co-investments alongside external GPs?

Xilium co-invests selectively with both domestic Australian funds and international venture firms, particularly when portfolio companies expand into US or Southeast Asian markets. The firm prefers to lead or co-lead rounds where its builder resources can be applied directly, but will follow established international leads for later-stage rounds when strategic alignment exists.

## Related profiles

- [Xilinx Ventures](https://altss.com/profile/xilinx-ventures)
- [Xin'an Capital](https://altss.com/profile/xin-an-capital)

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Last updated: 2026-08-11T15:08:42.881Z

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