Funding

Kiwi agritech Croptide plants $1 million pre-seed round to tackle water scarcity

- December 17, 2021 2 MIN READ

New Zealand agritech startup Croptide, which transmits plant water health to a farmer’s phone in seconds, has raised $1 million in pre-seed funding. The round led by Icehouse Ventures with support from Sir Stephen Tindall’s K1W1 and Masfen Group. Croptide uses internet-enabled sensors to provide timely water measurement data to fruit and wine grape growers.… Read more »

Mergers & Acquisitions

Hipages snaps up Kiwi online tradie marketplace Builderscrack in $11.8 million deal

- December 10, 2021 2 MIN READ

ASX-listed hipages Group has acquired New Zealand online tradie marketplace Builderscrack for A$11.8 million in cash and equity. The deal gives hipages (ASX:HPG) access to a NZ$26 billion total addressable market in addition to Builderscrack’s 4,000 active tradies and 200,000 registered homeowners. The Kiwi marketplace saw 95,000 jobs posted on its platform, worth NZ$67 million… Read more »

Funding

Kiwi retailing crime intelligence startup Auror raises NZ$30 million

- December 9, 2021 2 MIN READ

New Zealand crime intelligence software startup Auror has raised NZ$30 million (A$28.5m). The round was led by Movac, New Zealand’s largest VC firm, with support from GD1, Silicon Valley-based Shasta Ventures, and Sydney-based Folklore Ventures in a mix of primary capital and secondary transactions. Movac partner Lovina McMurchy will join Auror’s board. The company plans… Read more »

Accelerator

Kiwi ‘data wrangling’ startup Segna bags US$125,000 seed round from Y Combinator

- November 26, 2021 2 MIN READ

New Zealand software venture Segna, a self-described “data wrangler”, has landed a US$125,000 seed investment from Y Combinator ahead of the startup taking part in the legendary US accelerator program. Segna will be just the fourth New Zealand startups to be part of Y Combinator, which counts Airbnb, Dropbox, Twitch, Stripe, Reddit, and CoinBase among… Read more »

Insights

New Zealand tech exports are now worth more than $10 billion a year

- November 8, 2021 3 MIN READ

Tech exports from New Zealand generated NZ$10.4 billion in export revenue in FY2021, up 14.4% on the previous year, according to the annual Technology Investment Network (TIN) Report. The TIN Report, now in its 17th year, benchmarks the performance of New Zealand’s 200 largest globally-focused technology companies, categorised according to the primary sectors of biotech,… Read more »

New Zealand, Hobbit
Covid-19

If New Zealand entrepreneurs are going to have any chance of survival, the government needs to reopen the borders now

- November 3, 2021 3 MIN READ

In the 2012 book Why Nations Fail, James A. Robinson and Daron Acemoglu look at why some great nations are destined to fail and some to succeed. One major theme amongst failures is leaders that aren’t prepared to share the success of a nation, and keep all the glory for themselves, eventually leading to revolt.… Read more »

New Zealand
Climate Tech

New Zealand’s Space for Planet Earth Challenge is on the hunt for ideas using satellite data to tackle carbon sequestration and coral health

- October 19, 2021 < 1 MIN READ

New Zealand-based education and consulting social enterprise SpaceBase Limited is on the hunt for solutions to address climate change with the help of satellite technology.  The “Space for Planet Earth Challenge” is open to students and innovators across APAC region to leverage satellite technologies to address climate change challenges, through quantifying carbon sequestration and monitoring… Read more »

Allan Scott
Climate Tech

Kiwi carbon capture startup Aspiring Materials raises $1 million seed round

- October 15, 2021 2 MIN READ

Climate-tech startup Aspiring Materials has raised $1 million in seed funding for its breakthrough carbon capture technology. The Christchurch-based company’s round was led by Icehouse Ventures with support from Outset Ventures. The funds are earmarked to build out the team, including its first CEO, Mark Chadderton, who returns to New Zealand after more than 20… Read more »

Funding

Kiwi pay-it-forward startup GoGenerosity plants NZ$1.3 million seed round

- October 14, 2021 3 MIN READ

Software startup GoGenerosity, which helps New Zealand businesses and charities make generosity easier, has raised NZ$1.3 million in a seed round. The raise was led by local private investors, with support from Icehouse Ventures. The funds are to expand the team and additional develop of the GoGenerosity software for new features such as EFTPOS integration. Recent… Read more »