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Waterhouse VC

A specialist venture capital fund investing in the global wagering and gaming industry, founded by Tom Waterhouse in 2019.

Last updated September 27, 2026

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Overview

Waterhouse VC is a specialist venture capital fund focused exclusively on the global wagering and gaming industry. Founded in August 2019 by Tom Waterhouse, the fund is managed as an open-ended managed unit trust and is open to wholesale investors for new applications on a monthly basis. The fund seeks attractive investment returns through highly targeted opportunities in the wagering and gaming sector, aiming to invest in the undiscovered wagering industry leaders of tomorrow. Investors gain access to the same wagering opportunities as the Waterhouse family, while benefiting from the family's long-term investment horizon. The fund is led by Tom Waterhouse, who serves as Founder and Chief Investment Officer. Tom brings over 20 years of experience in gaming and wagering. In 2003, at just 20 years old, he became a licensed bookmaker. By 2008, he was the largest and most profitable on-course bookie in Australia. In 2010, recognising the potential of smartphones and online wagering, he launched TomWaterhouse.com with a team of three people. By 2013, when the business was sold to William Hill, it had grown to 100 people and a client base of 250,000. In 2014, Tom became CEO at William Hill Australia, operating the William Hill, TomWaterhouse.com, Centrebet and Sportingbet brands with around 500 people, one million clients, $2 billion in turnover and offices in Australia, the Philippines and Tel Aviv. In 2018, William Hill sold their Australian business to The Stars Group. Tom bought back the TomWaterhouse.com brand and launched a subscription tipping service. The Waterhouse family, as cornerstone investors, bring over 100 years of experience in wagering and related industries, providing unmatched experience, contacts, and capital, which gives Waterhouse VC access to exclusive deals that other funds cannot obtain. The investment team searches the globe for high-quality companies in the global wagering industry, focusing on businesses with a sustainable competitive advantage that align with their core expertise. The global wagering industry is valued at US$1 trillion and is forecast to grow to US$1.4 trillion by 2030. Despite being at the forefront of innovation, many parts of this industry remain undervalued according to the fund. Waterhouse VC publishes regular fund updates and insights on its website, covering topics such as AI agents in automated betting and prediction markets.

History

Waterhouse VC was founded in August 2019 by Tom Waterhouse, who serves as the fund's Chief Investment Officer. The fund was established to leverage Tom's 20+ years of experience in gaming and wagering, as well as the Waterhouse family's legacy of over 100 years in wagering and related industries. The Waterhouse family acts as cornerstone investors, bringing experience, contacts, and capital that provide the fund with access to exclusive deals. Tom Waterhouse's career in the wagering industry began in 2003 when, at just 20 years old, he became a licensed bookmaker. By 2008, he was the largest and most profitable on-course bookie in Australia. In 2010, recognising the potential of smartphones and online wagering, he launched TomWaterhouse.com with a team of three people. By 2013, when the business was sold to William Hill, it had grown to 100 people and a client base of 250,000. In 2014, Tom became CEO at William Hill Australia, operating the William Hill, TomWaterhouse.com, Centrebet and Sportingbet brands with around 500 people, one million clients, $2 billion in turnover and offices in Australia, the Philippines and Tel Aviv. In 2018, William Hill sold their Australian business to The Stars Group. Tom bought back the TomWaterhouse.com brand and launched a subscription tipping service. Waterhouse VC operates as an open-ended managed unit trust and is currently open to Wholesale Investors for new applications on a monthly basis. The fund aims to invest in the undiscovered wagering industry leaders of tomorrow, seeking attractive investment returns through highly targeted opportunities in the wagering and gaming industry. The investment team searches the globe for high-quality companies in the global wagering industry, focusing on businesses with a sustainable competitive advantage that align with their core expertise. The global wagering industry is valued at US$1 trillion and is forecast to grow to US$1.4 trillion by 2030. Despite being at the forefront of innovation, many parts of this industry remain undervalued according to the fund. Waterhouse VC publishes regular fund updates and insights on its website, covering topics such as AI agents in automated betting and prediction markets.

  • 2019

    Waterhouse VC founded by Tom Waterhouse in August 2019.

  • 2018

    William Hill sold their Australian business to The Stars Group; Tom Waterhouse bought back the TomWaterhouse.com brand and launched a subscription tipping service.

  • 2014

    Tom Waterhouse became CEO at William Hill Australia, operating multiple brands with around 500 people and $2 billion in turnover.

  • 2013

    TomWaterhouse.com sold to William Hill; business had grown to 100 people and 250,000 clients.

  • 2010

    Tom Waterhouse launched TomWaterhouse.com with a team of three people.

  • 2008

    Tom Waterhouse became the largest and most profitable on-course bookie in Australia.

  • 2003

    Tom Waterhouse became a licensed bookmaker at age 20.

Products and positioning

Specialist venture capital fund focused exclusively on the global wagering and gaming industry, leveraging the Waterhouse family's 100+ years of industry experience to access exclusive deals.

  • Waterhouse VC Fund

    An open-ended managed unit trust investing in the global wagering and gaming industry, open to Wholesale Investors for new applications on a monthly basis.

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