New Zealand funds management software startup Caruso has raised A$3 million in Seed funding as it looks to cross the ditch as establish an Australian office. The round was led by Kiwi VC Icehouse Ventures, with support from GD1, Chris Heaslip, founder of Pushpay, and the Rae family of Gull Oil. Caruso plans to add… Read more »
New Zealand healthtech startup Carepatron has raised A$6 million in a Seed round co-led by existing backer Blackbird Ventures and US-based TQ Ventures: Carepatron, launched in late 2021 by David Pene and Jamie Frew. It practice management software helps healthcare practitioners deal with administration, cutting the time spent dealing with it by around 8 hours… Read more »
As anticipation for SXSW Sydney builds, all eyes are on the vibrant lineup of innovators, entrepreneurs, and creatives set to grace the event. Described as a ‘premier destination for discovery’, SXSW which offers a unique blend of music, film, entrepreneurship and innovation, is for the first time being hosted by Sydney. Among the trailblazers, the… Read more »
Auckland-based insurance premium payments platform Simfuni has raised NZ$2.8 million in a Series A to save brokers time and money. The round was led by Kiwi VC funds Icehouse Ventures and GD1, with support from K1W1 and NZVC. The insurtech platform integrates with any insurer, broker group or premium funder’s quoting and invoicing software in… Read more »
A Kiwi B2B marketplace for the hospitality and food service industry developed by a cofounder Xero has crossed the ditch to Australia after raising NZ$6 million (A$5.5m). Upstock is the brainchild of Duncan Ritchie and Philip Fierlinger, who was part of the 2006 founding team of ASX-listed accounting platform Xero. The raise was backed by Icehouse… Read more »
New Zealand carbon footprint management fintech Cogo, which works with banks to help their customers measure and reduce their carbon impact, has raised NZ$1 million (A$910k) from existing impact investor Soul Capital. Soul’s NZ$20 million ‘Te Pae ki te Rangi’ Fund is focused on helping Kiwi startups with their global expansion. Cogo currently operates in… Read more »
The skills needed to thrive in an uncertain future are often thought to fall under the term “entrepreneurial mindset” but New Zealand researcher Darsel Keane has found that there’s little clarity about what an entrepreneurial mindset actually is. While the phrase is cited with increasing popularity in recent years, Keane, director of the Centre for… Read more »
A New Zealand entrepreneur who developed virtual reality software to treat anxiety and phobias is heading to Australia as part of a bid to source additional funding to help further enhance his product. oVRcome founder Adam Hutchinson, from Christchurch, will pitch to investors at the Digital Health Festival in Melbourne starting June 6. Funding will… Read more »
While startup funding globally fell last year, New Zealand venture capital investment was still on the rise, with NZ$726 million poured into 154 deals in 2022, according to the Technology Investment Network (TIN). The Technology Investment Report, launched in Auckland as part of Techweek 2023, covers funding Pre-Seed to Series C+, tracking record levels of funding… Read more »
A New Zealand deep tech manufacturing startup helping produce cleaner hydrogen with fewer precious metals has raised NZ$2.5 million (A$2.3m) in a Seed round. Bspkl has developed a new, more sustainable way to produce catalyst coated membranes (CCMs) for the hydrogen industry. CCMs typically use platinum and iridium in solid membranes to maximise hydrogen production.… Read more »
Three years ago, Kiwi entrepreneur Mahesh Muralidhar (an early leader at Canva, the COO at Simply Wall St. and a senior exec at Airtasker) announced that he’d returned to NZ with a bold vision: to produce 10 New Zealand technology unicorns (or ‘kiwicorns’) by 2026 through a brand-new incubator program. Phase One Ventures has had… Read more »
New Zealand agtech startup, which developed a GPS-enabled solar collar that “guides” cows around pastures using sound and vibrations, has raised NZ$85 million (A$79.5m) in a Series C. The round was led by US VC Bessemer Venture Partners with existing backers Blackbird, Rocket Lab founder Peter Beck Kiwi VC Icehouse Ventures and DCVC. Mechanical engineer Craig… Read more »
Move over cows, a clinical trial of older Kiwis drinking deer milk has found it’s good for their health. The New Zealand study, by Massey University and commissioned by the government-owned farming business Pāmu, found drinking the company’s deer milk improved the nutritional status, muscle mass and physical performance of women aged 65 and above.… Read more »
A New Zealand medtech startup that’s developed a world’s first wireless brain monitor to remotely manage chronic illness has raised NZ$6 million (A$5.6m) to take the device to clinical trials. Kitea Health spun out of the University of Auckland Bioengineering Institute after developing the implantable long-term brain pressure sensor, which could save the healthcare system… Read more »
New Zealand brand tracking startup Tracksuit has raised NZ$7.5 million (A$6.8m) in Seed round. The raise was led by Blackbird, which chipped in $3.6 million, supported by Kiwi VC Icehouse Ventures, Ascential, Shasta Ventures and veteran brand consultant Mark Ritson. Tracksuit helps companies measure and understand brand value via weekly global surveys to track consumer… Read more »
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