Private Equity

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Yuuwa Capital

Yuuwa Capital is a $40M early-stage venture capital firm based in Perth, Western Australia. The firm invests in companies where it can provide capital and...

Yuuwa Capital logo

Yuuwa Capital

Yuuwa Capital is a $40M early-stage venture capital firm based in Perth, Western Australia. The firm invests in companies where it can provide capital and expertise to help founders and early investors. Yuuwa Capital has made 15 investments, including a Series B - II investment in PolyActiva on September 04, 2018.

General information

Firm type

Private Equity

Year founded

2009

Location

Region

Oceania

Country

Australia

City

Perth

Corporate office

Perth, Western Australia, Australia

Principals

Liddy McCall

Co-founder

James Williams

Co-founder

Sector focus

Life SciencesBiotechnologyHealthcare Services

Frequently asked questions

Who runs investment decisions at Yuuwa Capital?

Co-founders Liddy McCall and James Williams handle all aspects of investment and portfolio support. Both have extensive operating backgrounds — McCall in M&A and startup management, Williams in biotechnology invention and executive leadership — and they make decisions as a pair rather than through a large investment committee.

Does Yuuwa Capital operate as a family office or a traditional venture firm?

Yuuwa is structured as an asset manager running a venture capital fund, originally established with a $40 million commitment from the Australian Government's Innovation Investment Fund program and private backers. It is not a family office. However, its high-touch, founder-operator investment model resembles the concentrated approach of some single-family offices.

What investment stages does Yuuwa Capital target?

Yuuwa focuses on early-stage life sciences ventures, spanning seed, startup, and general venture stages. The firm typically enters at the point where scientific proof-of-concept needs commercial and operational expertise to reach clinical or regulatory milestones.

Does Yuuwa participate in fund commitments or only direct deals?

Yuuwa invests directly in portfolio companies rather than acting as a fund-of-funds or committing capital to other managers. The co-founders take board seats and active roles in the companies they back, making direct investment their core engagement model.

What is Yuuwa Capital's known posture on co-investments alongside external investors?

Yuuwa's initial $40 million fund was a hybrid of government and private capital, suggesting openness to co-investment structures. The firm has not publicly detailed explicit co-investment programs, but its portfolio companies are often ASX-listed or have attracted separate institutional backing, indicating the firm invests alongside other parties.

How is the underlying wealth sourced for Yuuwa Capital's investments?

Yuuwa is not a family office deploying personal wealth. Its capital came from the Australian Federal Government's Innovation Investment Fund program and private investors. The firm's financial base is institutional and private LP commitments, not a single-family fortune.

Which sectors does Yuuwa Capital avoid?

Yuuwa is exclusively focused on life sciences, including biotechnology, medical devices, and healthcare. It does not invest in generalist technology, software, consumer, or industrials, and maintains no stated exposure to real estate, infrastructure, or natural resources.

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