New Zealand markets investment platform Sharesies has raised NZ$50 million (A$48m) in a series C that values the business at NZ$500 million (A$480m). The round was led by existing investor Amplo. The US VC firm contributed around half the raise to take a 7.5% slice of the company. New Zealand VC Icehouse Ventures also backed… Read more »
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 »
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 »
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 »
Kiwi startup Junofem, which has build a tech-enabled medical device to help women improve their pelvic floor health has raised NZ$1 million in seed funding amid ambitions to launch globally. The raise was led by local VC Global from Day One (GD1), which recently raised NZ$130 for its Fund 3. The business has previously been… Read more »
The CEO of Rocket Lab, Peter Beck, has doubled down on his investment in a New Zealand data startup tackling the vehicle parts industry in a NZ$3.7 million pre-series A raise. The round into Partly values the business at NZ$46 million. It was led by existing investor Blackbird Ventures, with Beck, also an existing backer,… Read more »
New Zealand cyber security education company SafeStack Academy has raised a NZ$2.3 million seed round. The raise was led by Sydney VC Jelix Ventures alongside trans-Tasman investors including Carthona Capital, the wittily named NZ VC K1W1 and the country’s growth capital fund, NZGCP. The cash injection will seek to to capitalise on the startup’s early traction,… Read more »
A New Zealand workplace feedback startup has raised Nz$15 million (A$14.2m) as it looks to expand internationally. Joyous was founded in 2017 by brothers Mike and Phillip Carden. The raise was led by Square Peg, with existing investors AirTree Ventures and Icehouse Ventures returning for their third round. The investment will also be used to… Read more »
New Zealand data insights startup Yabble has raised NZ$3 million (A$2.9m) as it looks to expand into Australia and then the US. The AI company’s second raise was led by Hillfarrance among existing investors that include Movac, New Zealand Growth Capital Partners, Enterprise Angels, and other Angel networks, and high-net-worth individuals. Co-founders Kathryn Topp and… Read more »
One of New Zealand’s largest ecommerce and daily deals websites, GrabOne, is being sold to Global Marketplace, the Australian company behind Click Frenzy, for NZ$17.5 million (A$16.8m). Melbourne-based Global Marketplace (GMP) also owns Click Central and e-commerce analytics firm Power Retail and is reportedly gearing up for an IPO in 2022. The company is majority… Read more »
New Zealand G venture capital firm Global From Day 1 (GD1) has raised NZ$130 million (A$124m) for its Fund 3, more than double its original first close target The Auckland-based VC is now pushing on to a cap of $160 million to back local startups with global ambitions as one of the country’s leading investors.… Read more »
New research documenting the experiences of female entrepreneurs in New Zealand as they try to raise capital show a range of challenges that could be easily fixed. Raising Capital in Aotearoa New Zealand: Insights From Women Entrepreneurs by University of Auckland Business School researcher Dr Janine Swail, outlines the insights and experiences of 26 women.… Read more »
New Zealand startup Toku Eyes, which has built an artificial intelligence platform to improve early detection of eye diseases such as macular degeneration, glaucoma and other diseases observable via the eye, has raised NZ$3.6 million (A$3.35m) in a seed round to commercialise its invention. The company’s first external raise came from US, Asian and New… Read more »
New Zealand anti-money laundering regtech startup First AML has launched in Australia to help the venture capital sector tackle the federal government’s compliance requirements. A second tranche of AML legislation is expected to be introduced by 2023 and several of the Australia’s top VC firms using the platform. Under Tranche 1, Australia has 15,000 reporting… Read more »
A New Zealand agritech startup fitting cows with GPS-enabled solar collars to “guide” cows around pastures using sound and vibrations, creating virtual fences via an app, has raised A$29 million in a series B round. Halter says it is bridging the gap between human and animal understanding to transform farming. The series B round was… Read more »
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