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 »
Startmate’s New Zealand expansion plans continue with the Australian startup accelerator making its first local appointment, making Auckland-based Ryan Walker its community and partnerships associate. In his first months in the role, Walker is visiting key startup hubs across the twin island to ensure the Kiwi startup ecosystem is primed to leverage Startmate’s global network… Read more »
Multitudes, a software platform to manage and improve culture and performance, has raised NZ$2.4 million (AU$2.2m) in a seed round to build their beta product. Blackbird Ventures led the oversubscribed round alongside former Reddit CEO Ellen Pao, and Culture Amp co-founder Jon Williams. Multitudes uses workplace data to give managers insights and coaching to create… Read more »
New Zealand engineering startup ZeroJet is hoping to transform the boating industry by replacing outboards in a five year plan that would be like taking 1.5 million cars off the road. The Auckland-based company, founded in 2015 by Neil Mans and Bex Rempel, built the world’s fastest and lightest electric jet boat, with a top… Read more »
New Zealand virtual pharmacy startup, ZOOM Health, which founder David Taylor calls the “Uber Eats of prescriptions”, is looking to raise NZ$3 million via Kiwi investing marketplace Snowball Effect. Taylor, ZOOM’s MD, founded the healthtech venture in 2017, targeting people on multiple medications who struggle to get to the pharmacy with a delivery option. “Whilst… Read more »
Most people these days are aware that what they share online is both valuable and vulnerable. Data privacy has become a major concern for consumers and corporations alike. The issue will come to a head when New Zealand’s Privacy Act 2020 comes into force on December 1. The legislation replaces and updates the 1993 act.… Read more »
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 »
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