About Us

Adventure Capital is an early-stage technology venture fund. Adventure Capital is intently focused on advancing the digital and online technology ecosystem, benefiting from Australia’s significant quantities of human capital and intellectual property by providing opportunities for innovative, driven and intelligent entrepreneurs to reach their full potential.

Adventure Capital’s current fund, the Digital Accelerator LP, is a super-angel style venture fund focused on finding and guiding early-stage tech companies that are highly capital efficient and have global ambition and scope. The investment approach is active and startups benefit from the experience the team has in rapid early-stage growth and exits, leveraging the strong digital media ecosystem built around the team both in Australia and internationally. Our second fund, Summit LP, is now open for applications.

Stuart B Richardson

Founder & Managing Partner
B.Eng (Aero), UNSW
M.Mgt/Eng.Science, UNSW
Executive MBA, MGSM
Stanford Executive Program, Stanford USA

Founder and Managing Partner of Adventure Capital and architect of the supercharged ecosystem surrounding it. Co-founder of Aurelius Digital, York Butter Factory and Equiem. Founding investor of breakout technology businesses Axiflux and 121cast. Advisor, Board Member and Mentor to numerous entrepreneurs and their early-stage technology businesses.

Experienced Executive and Entrepreneur with deep experience in creating, leading and guiding companies through periods of rapid growth and significant transformation leveraging technological and organisational change.  Graduate qualifications in Aerospace Engineering and Postgraduate in Engineering Science and Management (UNSW).

Graduate of the distinguished Stanford Executive Program (SEP'09), the Australian Defence Force Academy (ADFA'99), and featured in the Australian newspaper 'People to Watch in 2012'.  Other accolades include 2008 Anthill 30under30, BRW FastStarters 2007, UpStarts 2006 and 2007 SmartCompany Top50 (#1 Property & Business Services).

Darcy Naunton, CFA

General Partner
M.App.Fin, Monash
B.Sci/B.Comm, UWA

Darcy Naunton, CFA is a co-founder and Partner with the Fund, providing analytical expertise and a deep knowledge of capital markets and economics. He is also Managing Director of the York Butter Factory coworking/incubator space where he works closely with seed-stage tech startups. Darcy was previously an Investment Analyst at a major asset consultancy firm, where he provided portfolio construction and asset selection advice to large institutional investors. He first began working in the financial services industry in 2004 as a paraplanner at a private financial planning firm.

Darcy received his undergraduate degree from the University of Western Australia with a combined Bachelor of Commerce and Bachelor of Science, holds a Master of Applied Finance from Monash University in Melbourne and is a member of the Chartered Financial Analyst (CFA) Institute.

David Scott Carlick

Chairman and Venture Partner

David Scott Carlick recently joined Adventure Capital as Chairman, sharing his responsibilities across Rho Ventures in the Silicon Valley as Venture Partner and with Adventure Capital in Australia.

He joined Rho in 2009 and focuses on investments in digital media and marketing. Prior to Rho, he was managing director and venture partner of VantagePoint Venture Partners, where he wasinvolved in numerous investments, including Intermix Media (parent company of MySpace that was sold to NewsCorp in 2005) and ReachLocal. He was also executive vice president at Poppe Tyson, where he co-founded poppe.com, which spun out and merged with Modem Media (NASDAQ: MMPT), and DoubleClick, which went public and was subsequently sold to Google.

Chris Fry

Post-Doctoral Fellow, UC Berkeley
PhD, Cognitive Science, University of California
BA, Vassar College

Chris Fry is an advisor, investor and mentor. He has scaled multi-billion dollar companies from pre-IPO startups to fully operational businesses. Prior to this, he was the Senior Vice President of Engineering at Twitter where he was responsible for all engineering functions and most notably killed the Twitter Failwhale. He was also the Senior Vice President of Development at Salesforce where he led all development functions, and helped Braintree reach a successful acquisition as a Board Member.

Besides being an Advisor to Adventure Capital, Chris is also currently an Advisor at BigCommerce and is a successful Angel Investor.

Safwan Shah

Special Advisor
BS (Elec Eng), NED Uni of Eng & Tech
MS (Elec & Comp Eng), UC Boulder
Ph.D (Aero Eng), UC Boulder
Stanford Executive Program, Stanford USA

Safwan Shah is an entrepreneur, angel investor, innovator and technologist with deep expertise in payment and transaction processing technologies. Safwan Shah was the founder and president of Infonox, the market pioneer and leader in delivering payment, underwriting and other financial services to casinos, banks, retail and money transfer businesses. Under Safwan Shah�s leadership, Infonox served over 100M consumers and settled over $20 Billion annually. In 2008, Infonox was acquired by TSYS (NYSE:TSS). Safwan also held research positions at BioServe Space Technologies (a NASA center for commercial development of space). His other experience includes positions as technology director for an affiliate of IBM.

Jason Lim

B.Comm (Economics & Finance), University of Melbourne

Jason is an Associate at Adventure Capital, and the General Manager at the York Butter Factory coworking/incubator space. He is an Entrepreneurial Fellow at the University of Melbourne as part of the Melbourne Accelerator Program and has guest lectured about technology and startups in Postgraduate and Executive MBA classes at the University of Melbourne and RMIT.