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Black Nova Venture Capital

Black Nova Venture Capital is an early-stage venture capital firm based in Sydney, Australia, specialising in B2B SaaS (Software as a Service) technology startups. Founded by Matt Browne and Darcy Naunton, the firm focuses on investing in companies that provide essential, mission-critical software solutions, adhering to the philosophy that "boring is better."

blacknovagroup.com.au ↗ Hear the team LinkedIn ↗

Sector: Venture capital (B2B tech, seed/Series A)
Business model: Venture fund
Founded: 2020
Founders: Matt Browne, Darcy Naunton
Headquarters: Sydney
Markets: Australia

Sources: blacknovagroup.com, businessnewsaustralia.com, startupdaily.net

1person interviewed

2episodes across 1 show

The team on Day One

Matthew Browne Managing Partner, Black Nova Venture Capital 2 episodes →

Hear from the team

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20 October 2025 · First Cheque Why “Boring” Businesses Make the Best Startups (Replay Ep with Matthew Browne) Matthew Browne

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7 October 2024 · First Cheque From Zero to One: Why Founders Make Exceptional Early Stage Investors with Matthew Browne Matthew Browne

Milestones

2020 Founded by Matt Browne and Darcy Naunton after DoneSafe exit businessnewsaustralia.com
2023 Announced $35M fund for early-stage startups businessnewsaustralia.com