Elevate NZ Venture Fund – the government’s new venture capital fund run by New Zealand Growth Capital Partners (NZGCP) – is investing NZ$21.5 million into the Blackbird Ventures’ New Zealand fund. Blackbird, led by partner Samantha Wong, opened shop in New Zealand 12 months ago, and its local fund will focus on startups seeking Series… Read more »
The Government Communications Security Bureau (GCSB) has issued a warning to all New Zealand businesses to be prepared for cyber attacks, following almost a week of daily attacks on the New Zealand stock exchange (NZX). The attacks have caused outages, sometimes for hours, of NZX’s public-facing website since Tuesday last week. Today it continued trading… Read more »
An investigation of social network connections – seen as a key indicator of innovation – on LinkedIn between Australia, the US and New Zealand concluded Australia’s agtech sector is falling behind the others. Australia’s agtech network is dominated by a few key players while the US and New Zealand agtech networks are more evenly distributed. Compared… Read more »
A cloud-based New Zealand fintech for home loan brokers to protect customer data has raised NZ$1 million, led by the Flying Kiwi Angels. FileInvite, a cloud-based platform that streamlines how mortgage brokers and other financial advisers request, receive and store documents in loan applications has now raised NZ$2 million in 18 months as laws around… Read more »
New Zealand space venture Rocket Lab has signed Californian satellite startup Astro Digital as a client for its next launch, later this month. It will be Rocket Lab’s ninth mission from its Launch Complex 1 on New Zealand’s Māhia Peninsula and 2019’s fifth mission, taking place in a fortnight-long window from October 15. The company’s… Read more »
Wellington-based RedShield, a cybersecurity startup that provides API protection via web application shielding, has raised NZ$14 million (AU$13m). New Zealand private equity firm Pencarrow led the round ahead of existing shareholder Sage Technologies. RedShield’s CEO and co-founder Andy Prow (pictured above) said the support recognised the company’s success in New Zealand , the US, UK… Read more »
Greenfield MC is the first Australian-owned company to cultivate medicinal cannabis for research purposes in New Zealand as part of a joint venture with a US-listed commercial producer Research into using medicinal cannabis to treatment of health conditions affecting Maori people is a focus NZ goes to the polls in 2020 with a non-binding referendum… Read more »
Parkable CEO, Toby Littin, and Spark Future of Connectivity Lead, Renee Mataparae Auckland-based parking app Parkable has raised NZ$4.6 million in a Series A round, valuing the business at NZ$36 million. The raise was led by Kiwi telco Spark, with some prominent local investors joining for the first time, including Trade Me co-founder Rowan Simpson,… Read more »
Adrienne Church, GM of Prospa NZ with founders and co-CEOs Beau Bertoli and Greg Moshal. ASX-listed small business lender Prospa is expanding in New Zealand, setting up its first local lending facility, worth NZ$45 million. Loans into NZ until now have been funded from Australia. The company says the standalone facility means around NZ$6 million… Read more »
New Zealand-founded, Singapore-based video production startup 90 Seconds has raised US$20 million ($28 million) in Series B funding.
New Zealand startup Parkable, which enables drivers to find and pay for a parking spot via an app, has acquired Brisbane outfit Park Genie.
Auckland edutech startup Kami has raised $1.42 million (NZ$1.5 million) in funding led by Australian venture capital firm Right Click Capital.
“Equity crowdfunding is a way of getting started”: New Zealand’s Snowball Effect on the growth of crowdfunding
Snowball Effect launched to make it easier for investors to directly invest into companies after observing how difficult it could be in New Zealand.
Intelligent merchandising platform Insite AI has raised $1.8 million (NZ$2 million) in a funding round led by New Zealand firm Goat Ventures and landed a pilot with Chemist Warehouse.
Auckland startup PredictHQ has raised US$10 million ($13.8 million, NZ$14.8 million) in a Series A round led by US firm Aspect Ventures.