Altered Capital
Overview
Altered Capital is a venture capital firm based in Auckland, New Zealand that invests in seed and Series A-stage companies in the B2B, technology, healthcare, and financial sectors.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Alpaca | Jan 2026 | Series D | Co-investor |
| Ideally | Apr 2026 | Series A | Co-investor |
| First Table | Sep 2026 | Early Funding | Lead |
| Starboard Maritime Intelligence | Sep 2025 | Series A | Lead |
| Contented AI | Feb 2026 | Seed | Lead |
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Key People
Craig Mawdsley
Founding Partner
Marcus Traill
Founding Partner
McGregor Fea
Managing Partner
Stuart Inglis
Operating Partner
Laura Manson
Partner
Sam Rapson
Partner
Heath Milne
Investment Manager
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Altered Capital based?
Altered Capital is headquartered in Auckland, New Zealand.
When was Altered Capital founded?
Altered Capital was founded in 2021.
How many portfolio companies does Altered Capital have?
Altered Capital has 8 portfolio companies in Caplight's dataset.
What are some companies in Altered Capital's portfolio?
Portfolio companies visible on Caplight include Alpaca, Ideally, First Table, Starboard Maritime Intelligence, Contented AI.
What was Altered Capital's most recent investment shown here?
Altered Capital's most recent investment in this portfolio sample was in First Table in 2026.
What sectors does Altered Capital focus on?
Altered Capital focuses on Consumer & Commerce, FinTech, FinTech, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Consumer & Commerce, Crypto & Web3, Enterprise Software.
What company stages does Altered Capital focus on?
Altered Capital typically invests at the Early stage.
What is Altered Capital's AUM?
Altered Capital's assets under management are estimated between $50.0M and $100.0M.