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 »
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 »
Auckland-based cybersecurity startup Onwardly has raised NZ$1 million in a seed round less than 12 months after launching. The seed round was led by Kendra Ross of We Love Cyber, and supported by Pushpay founders Eliot Crowther and Chris Heaslip and entrepreneurs Zheng Li & JD Trask of Raygun. The funds are earmarked towards growth… Read more »
Parkable, a New Zealand-based parking optimisation startup, has raised NZ$4.7 million (A$4.53m) as it prepares for a global push. The round, in both debt and equity funding, was led by Kiwi VC Pioneer Capital, ahead of a planned series B in 2022. Pip England, Chief Executive Partner of Chapman Tripp, New Zealand’s largest commercial law… Read more »
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 »
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 »
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 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 »
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