Venture Capital

Australia’s Top Venture Capital Firms For Tech Startups [2023]

min reaD
November 15, 2023

In recent years, Australia has emerged as a thriving ecosystem for technological innovation. Amidst this burgeoning tech startup landscape, venture capital (VC) firms have played an instrumental role, catapulting forward-thinking startups towards success.

Despite the wealth of VC firms eager to invest in groundbreaking startups, the details surrounding Australia's venture capital landscape can be challenging to find—often out-of-date, scattered, or hidden behind paywalls.

In this article, we offer an extensive guide as a list highlighting the leading VC players actively backing and catalysing the growth of Australia's technology startups in 2023.

AirTree Ventures

  • Stage: Seed, Series A, Series B
  • Focus: Technology, SaaS
  • Notable Investments: Canva, Linktree, Employment Hero
  • Location: Sydney (Australia)
  • Website: airtree.vc

AirTree Ventures is committed to standing by founders from the outset, believing steadfastly in their audacious visions. As devoted long-term partners, they go beyond mere funding; they actively help portfolio companies with critical recruitment efforts, offering expert guidance on organisation design, employee experience, and compensation strategies. Additionally, founders gain access to an invaluable network of experienced individuals who understand the intricacies of scaling growth-stage startups.


Artesian VC

  • Stage: Seed, Early stage
  • Focus: Technology, Health and Life Sciences, Clean Energy
  • Notable Investments: ingogo, Sourse, Everty
  • Location: Sydney, Melbourne, Adelaide
  • Website: artesianinvest.com

Artesian is a global alternative investment firm, focusing on early-stage venture capital investments. They employ a co-investment model to provide startups with seed stage capital, while providing investors with diversified exposure to the venture capital class of asset management.


Bailador

  • Stage: Growth stage
  • Focus: Information Technology
  • Notable Investments: SiteMinder, Straker Translations, Instaclustr
  • Location: Sydney, Australia
  • Website: bailador.com.au

Bailador is a growth capital fund focused on private investments in the information technology sector. They partner with startup founders at the expansion stage, providing not only capital but also extensive operational experience to help businesses achieve international success.

Blackbird Ventures

  • Stage: Pre-Seed, Seed, Series A, Series B, Growth, IPO
  • Focus: Technology
  • Notable Investments: Canva, Zoox, SafetyCulture
  • Location: Sydney, Melbourne
  • Website: blackbird.vc

Blackbird Ventures, one of the largest and most active venture capital funds in Australia, focuses on supporting ambitious startups with a vision for global impact. They target technology companies that have the potential to generate over $100 million in annual revenue and have a strong track record of success. With a discerning eye for tech-driven startups with a lean capital requirement and high potential for rapid scaling, Blackbird Ventures commits to supporting founders from inception. They provide an exhaustive suite of resources, networking platforms, and programs to enhance startup success. Though they often lead investment rounds, they're also open to co-investment with other venture capitalists and making initial investments alongside angel investors.


Brandon Capital

  • Stage: Early stage, Series A, Series B
  • Focus: Health and Life Sciences, Biotech
  • Notable Investments: Global Kinetics Corporation, Vaxxas, PolyActiva
  • Location: Sydney, Melbourne
  • Website: brandoncapital.com.au

Brandon Capital Partners is Australia's leading life science and biomedical venture capital firm. They manage the Medical Research Commercialisation Fund (MRCF), one of the largest life science investment funds in Australia, providing capital and expertise to support promising biomedical discoveries.


Carthona Capital

  • Stage: Early Stage, Series A, Series B
  • Focus: Fintech, AI, Marketplaces
  • Notable Investments: x15ventures, Judo Bank, Athena Home Loans
  • Location: Sydney
  • Website: carthonacapital.com

Carthona Capital is a venture capital firm focusing on disruptive technologies and breakthrough medical research. They support founders/co-founders from the early stages of their venture and provide them with the necessary resources and mentorship to help them succeed.

Ellerston Ventures

  • Stage: Early stage, Series A, Series B
  • Focus: Technology
  • Notable Investments: Airtasker, Huddle, Different
  • Location: Sydney, Australia
  • Website: ellerstoncapital.com

Ellerston Ventures is a division of Ellerston Capital, dedicated to investing in early-stage businesses with significant growth potential. With an emphasis on the technology sector, they partner with entrepreneurs to offer strategic support and capital to drive growth and success.

Flying Fox Ventures

  • Stage: Pre-Seed, Seed
  • Focus: B2B SaaS, Health, Education, Climate
  • Notable Investments: Goterra, Skills Base, Safewill
  • Location: Melbourne, Sydney
  • Website: flyingfox.vc

Flying Fox Ventures injects early-stage capital to propel Australian & New Zealand companies across the globe. They look for amazing people who deeply understand the challenges around them and are breaking the mould on how to solve them. They also cultivate a robust community of early-stage investors while managing around $30M in funds across 50+ companies, aiding them in achieving their ambitious goals.


Giant Leap Fund

  • Stage: Seed, Series A
  • Focus: Impact Tech, Sustainability, Social Impact
  • Notable Investments: YourGrocer, Sendle, Amber Electric
  • Location: Melbourne
  • Website: giantleapfund.vc

Giant Leap is a venture capital fund backing founders who intertwine profit and purpose. They believe in using business as a force for good, focusing on investing in companies that deliver a social or environmental impact in addition to financial returns. Through a blend of capital, network, and expertise, they strive to assist their portfolio companies in amplifying their impact.


H2 Ventures

  • Stage: Series A, Series B, Series C
  • Focus: Fintech, Data, Artificial Intelligence
  • Notable Investments: Simply Wall Street, Equitise, Spriggy
  • Location: Sydney
  • Website: h2.vc

H2 Ventures is a venture capital firm helping early-stage entrepreneurs reinvent financial services. They offer alumni networks, mentoring, and operational guidance for early-stage entrepreneurs focussing on fintech, data, and artificial intelligence driven solutions. In addition, H2 Ventures provides companies with an in-house pre-seed program.

Investible

  • Stage: Seed, Series A
  • Focus: Diverse Industries
  • Notable Investments: QPay, Buzzy Games, Car Next Door
  • Location: Sydney
  • Website: investible.com

Investible is an early-stage investment group that provides high-potential founders with financial, human, and intellectual capital. They focus on supporting startups with global ambitions and have a methodology-driven approach to identify, invest in, and support the best founders.

Kosmos Ventures

  • Stage: Seed, Series A, Series B
  • Focus: Technology, SaaS, AI
  • Notable Investments: Bazaarvoice, Box, Cloudera
  • Location: Perth
  • Website: kosmos.vc

Kosmos Ventures is a venture capital firm specializing in investments in technology sectors, specifically software and AI. The firm supports talented founders and teams by providing them with the capital and resources they need to grow their businesses.

Main Sequence Ventures

  • Stage: Seed, Series A
  • Focus: Deep Tech, SaaS, AI, Robotics
  • Notable Investments: Baraja, Vow, Q-CTRL
  • Location: Sydney
  • Website: mseq.vc

Main Sequence Ventures invests in pioneers solving the world's most challenging problems. As the manager of the CSIRO Innovation Fund, they have a strong interest in deep technology startups that are based on high-quality research. Main Sequence Ventures' portfolio companies benefit from connections to leading global technology hubs, a strong advisory team, and resources to support their growth and market entry.

OneVentures

  • Stage: Series A, Series B, Series C
  • Focus: Technology, Healthcare, Life Sciences
  • Notable Investments: Vaxxas, Employment Hero, Qventus
  • Location: Sydney, Brisbane, Melbourne
  • Website: one-ventures.com

OneVentures stands as one of Australia's leading venture capital firms, with a focus on transformative businesses in technology, healthcare, and life sciences. OneVentures is known for its hands-on investment approach, helping companies navigate the complexities of growth with the aid of a team that has been through it all before. They offer extensive operational experience, global connections, and commercialisation know-how to propel startups to their full potential.

Our Innovation Fund (OIF)

  • Stage: Seed, Series A, Series B
  • Focus: Technology, SaaS, Fintech
  • Notable Investments: Kasada, Myriota, Uptick
  • Location: Sydney
  • Website: ourinnovationfund.com.au

Our Innovation Fund (OIF) is a leading Australian venture capital firm that aims to back and build world-class businesses. They strive to create long-term partnerships with entrepreneurs and are committed to providing more than just funding. OIF provides guidance, strategic advice, and the operational expertise necessary to build successful companies from the ground up.

Rampersand VC

  • Stage: Pre-Seed, Seed, Series A
  • Focus: Technology, SaaS, Fintech, AI
  • Notable Investments: Sendle, UpGuard, Nightingale
  • Location: Melbourne, Sydney
  • Website: rampersand.com

Rampersand VC is an early-stage venture capital firm focused on helping the most ambitious Australian and New Zealand technology companies achieve their potential. They pride themselves on their founder-friendly approach and a deep understanding of the technology landscape. Rampersand VC provides investment capital, operational support, and access to networks and expertise to help their portfolio companies scale.

Reinventure

  • Stage: Seed, Series A, Series B
  • Focus: Fintech, PropTech, Data and AI, RegTech
  • Notable Investments: Athena, Basiq, OpenAgent
  • Location: Sydney
  • Website: reinventure.com.au

Reinventure is an Australian-based, early-stage venture capital fund that invests primarily in fintech and adjacent areas. Backed by Westpac, one of Australia's leading financial institutions, Reinventure Group provides entrepreneurs with access to capital, network, and a deep understanding of financial services. They aim to invest in companies that have the potential to reshape the financial services industry.

Sapien Ventures

  • Stage: Seed, Series A
  • Focus: Fintech, Blockchain, Online Marketplaces
  • Notable Investments: Airtasker, Curious Thing, Linqto
  • Location: Sydney, Melbourne
  • Website: sapienventures.vc

Sapien Ventures is a technology-focused VC fund investing primarily in early-stage companies. They leverage foreign capital, Silicon Valley know-how, local market experience, to help the next generation of Australian tech ventures become successful globally. They are heavily focused on fin-tech, marketplaces, and other software-driven tech disruptions that will change societies.

Skip Capital

  • Stage: Seed, Early Stage, Growth Stage
  • Focus: Technology, Renewable Energy, Healthcare
  • Notable Investments: Brighte, Flick, OpenAgent
  • Location: Sydney
  • Website: skipcapital.com

Skip Capital is an Australian private investment fund with a focus on the technology sector, renewable energy, and healthcare. They invest across all stages, from seed to growth. Their mission is to support entrepreneurs making a difference in their fields and having a positive impact on the world.


Southern Cross Venture Partners

  • Stage: Seed, Series A, Series B
  • Focus: Cleantech, ICT, Health and Life Sciences
  • Notable Investments: Fulcrum3D, Morse Micro, Enlitic
  • Location: Sydney
  • Website: sxvp.com

Southern Cross Venture Partners is focused on creating and growing world-class tech companies. They partner with entrepreneurs with the drive and talent to take their innovations global and offer them funding, networks, and mentorship, with a particular focus on clean technology, ICT, and life sciences.

Square Peg Capital

  • Stage: Series A, Series B, Series C
  • Focus: Technology, SaaS, Fintech, Online Marketplaces, Enterprise Software
  • Notable Investments: Canva, Fiverr, Airwallex
  • Location: Melbourne, Sydney
  • Website: squarepegcap.com

Square Peg Capital is a leading venture capital investor that has made its mark by backing extraordinary founders who are solving hard problems in large markets. Since its inception in 2012, they've been ardent supporters of startups in Australia and Southeast Asia. Their investment strategy is centered around understanding the unique strengths and visions of founders, and they provide more than just fundraising support – offering strategic guidance, market insights, and extensive networks.

Telstra Ventures

  • Stage: Series B, Series C, Later stage
  • Focus: Technology, Telecommunications
  • Notable Investments: Box, DocuSign, Skillz
  • Location: Sydney, Melbourne
  • Website: telstraventures.com

Telstra Ventures is a strategic growth investor in lighthouse technology companies that are shaping the future. They leverage the power of their trusted brand, strong balance sheet, and global reach to give the companies they invest in an unparalleled advantage.


Ten13

  • Stage: Seed, Series A
  • Focus: Fintech, PropTech, SaaS
  • Notable Investments: Super, Beforepay, DingGo
  • Location: Brisbane
  • Website: ten13.vc

Ten13 is a syndicate-style VC platform that focuses on investing in early-stage tech startups, particularly in the fintech, proptech, and SaaS sectors. It stands apart due to its syndicate model, which allows high-net-worth individuals, family offices, and institutional investors to co-invest in startups. Ten13 offers a streamlined investment process and support to founders to help them realise their business vision.

Tidal Ventures

  • Stage: Early stage, Series A
  • Focus: Software, Consumer, Technology
  • Notable Investments: Lexer, Kasada, Buildkite
  • Location: Sydney
  • Website: tidalvc.com

Tidal Ventures is an early-stage investor focused on leading seed and Series A rounds. They back exceptional teams with global ambitions and provide them with the capital, network, and expertise needed to realise their vision.


Summary

Australia's tech startup scene is booming, with investment opportunities and high-growth valuations like never before. The government's dedication to fostering entrepreneurship, coupled with the availability of VC funding at early stages (as well as accelerators and incubators – new article on this soon), makes it an appealing destination for tech startups.

Remember, the fundraising journey is about more than just securing funds—it's about finding partners who believe in your vision and can provide the support you need to succeed. With the right help, you can navigate the entrepreneurial journey and leave a lasting impact on the world.

If you're a tech startup in Australia, this is a reminder that you don’t need to be in New York or San Francisco! Connect with your local venture capital firms mentioned in this article, present your ideas, and unlock your business's potential!

You may also like

Branding
Learn why branding is essential for success in the competitive tech industry. Attract customers, investors, and stand out from the competition.
5 min read

Building a successful technology company is hard work. There are endless challenges to overcome, from prioritising an ever-growing product backlog and securing investment to attracting new customers. But there's one often-overlooked factor that can make all the difference between success and failure: branding. It's not just for big corporations like Apple and Airbnb and influencer-driven skincare products.

Uniqueness and loyalty are king, and branding has become a non-negotiable for tech companies. With so many competing for attention, early-stage startups need to have a strong and memorable brand that refuses to blend in. A well-crafted brand can create a competitive edge, helping you rise above the market chatter, imprint a memorable image in the minds of potential customers, and find product-market fit.

What is Branding?

Before we jump headfirst into branding for tech startups, let's define what we mean by "branding". Put simply, the branding process is the creation of a compelling identity for your company that resonates with your target customer and sets it apart from the competition.

Branding encompasses a wide range of elements that all work together to create a cohesive and memorable image for your company. This includes everything from your company name, logo design, typography/fonts, and colour palette, to your brand message, tone of voice, marketing material, web design, and overall customer experience. One of the key benefits of branding is that it helps to establish trust with your target audience. By creating a consistent and professional image, you can build credibility and make it easier for customers to recognise and remember your brand.

But startup branding isn't just about creating a pretty logo or catchy tagline. It's about communicating who you are as a company, what you stand for, and what makes you different from your competitors. This can be achieved through a variety of unique strategies, such as developing a unique brand voice, compelling content marketing, and embedding your brand values into how you approach customer service.

Customer Acquisition

One of the most powerful applications of branding is in customer acquisition. A strong brand can help you to attract the attention of your target audience, and encourage them to engage with your product or service. How? By creating a connection and emotional resonance with your potential customers that goes beyond mere features and benefits.

People are more likely to buy from companies they feel aligned with, that they share values with, and that they believe understand them. A strong brand will cultivate an emotional connection and build trust with potential customers, making it more likely that they will choose you over your competitors.

But how do you go about building a strong brand? It starts with understanding your target audience and what they value. What are their pain points? What motivates them? What are their aspirations? Once you have a clear understanding of your audience, you can bring to life a well-crafted brand story and create an emotional connection with potential customers.

Your marketing strategy should aim for consistency across all brand touch-points, from your website design and social media channels, to your email marketing and customer service interactions. This consistency builds trust and reinforces your identity.

Retention & Loyalty

Branding is a powerful tool that can help technology companies build loyalty and retain customers. In today's competitive marketplace, it's more important than ever to create a lasting impression in the minds of your customers, a strong brand can help you to achieve this.

One of the key benefits of branding is that it can help to build a sense of community and belonging among your customers. When customers feel like they are part of something bigger than just a product or service, they are more likely to develop a strong sense of loyalty to your brand. This loyalty protects you from your competitors, leading to increased customer retention and ultimately a higher lifetime customer value.

Not only are loyal customers more profitable, but those that feel a strong connection to your brand are also more likely to recommend it to others. By helping you spread the word and attract new customers without the input of direct marketing costs, loyal customers help you lower your cost per acquisition.

Attracting & Retaining Talent

Building and retaining a talented team is a substantial challenge for young technology companies. The scarcity of skilled professionals, coupled with an increasing number of technology companies competing for their attention, makes it a daunting task. When your brand values and mission are clear, and you have a compelling identity to go with these, you are more likely to attract and retain the right employees for your business.

Branding isn't just important to customers; it's a beacon for prospective employees. A strong brand identity sends a clear message about your company culture, ethos, and what you stand for. It helps tech professionals envision what working with you entails. For example, if your brand clearly differentiates itself and demonstrates a commitment to leveraging technology for social good, you're likely to attract individuals with shared values.

When it comes to talent retention, a strong brand can also be an invaluable asset. Employees derive pride from associating with and contributing to a strong, reputable brand. Being part of a brand they respect and align with plays a crucial role in employee loyalty. For instance, if your brand design is inclusive and emphasises diversity, it can lead to better retention of diverse workforce. They're likely to feel more valued and understood in an environment that actively appreciates their unique insights and experiences.

Securing Investment

When it comes to securing investment and establishing partnerships, your brand identity plays an even larger role than you might think. A strong, consistent brand not only communicates your company's potential and unique market position but also resonates with investors on a deeper, personal level. This is particularly important when there are so many other early-stage technology companies also competing for investors' attention.

Early-stage technology investors look beyond functionality, financial projections and market dynamics; they want to invest in companies and startup founders that align with their personal values and visions. The story your brand tells, its mission, values, and the impact it aims to create, becomes an integral part of the investment decision. A brand that showcases a commitment to social responsibility, environmental sustainability, or technological advancement, for example, might attract investors who share these values.

Additionally, a strong brand can reflect your company's potential for the long-term success that comes from customer loyalty. Investors want to see that you have, or have the potential to, cultivate a strong connection with your audience - realising that this often translates to customer retention and consistent growth. Your ability to demonstrate this connection through your tech startup branding can significantly increase your chances of securing investment.

How to Build a Strong Brand Identity

So, we've established that branding is critical for early-stage tech startups. But how do you go about building a powerful brand from scratch? Really this is another article in itself, but below is a high-level overview of key considerations.

Firstly, take the time to define your brand strategy. This includes your company's mission, core values, and unique selling proposition (USP). These are your building blocks, and will help you to differentiate yourself from your competitors and connect with your target audience.

Next, craft your messaging and tone of voice. How do you want to communicate with your target audience, and what language and style will resonate with them?

From there, develop your visual identity, including your company name, logo, and brand colours. These should be aligned with your mission and values, and should reflect the personality and tone of your brand – ultimately reflected in your brand guidelines.

Finally, ensure that your identity is consistently represented across all brand touch-points, from your website and social media channels (LinkedIn, Facebook, Instagram), to your digital product design, email marketing campaigns and customer service.

Conclusion

In early-stage tech startups, where product development often takes the front seat, don't forget about the importance of branding. Your brand identity is not just what you do, but who you are and why you do it. A strong and differentiated brand can be a powerful force for success, helping you to stand out, connect with customers, and attract the resources you need to grow.

If you're an early-stage technology company, you need to take the time to invest in your brand. Carve out your brand positioning, craft your identity design, hone your messaging, and ensure consistency across all touch-points. After all, a powerful brand identity could be the difference between popping champagne and, well, going back to the drawing board!

Brand building can seem daunting, but remember that you don't have to do it alone. At Edition, we are a branding agency committed to helping early-stage technology companies find their unique DNA, define their brand strategy, and create a compelling visual identity that stands out. If you want help, let's talk!

Venture Capital
Looking to raise capital? Explore NZ’s top Venture Capital firms fuelling technology startups in 2023.
5 min read

In the last decade, New Zealand's tech startup ecosystem has experienced an extraordinary surge. Venture capital (VC) firms have emerged as instrumental partners, reshaping the trajectory of technology startups and propelling them toward success.

However, despite an abundance of VC firms eager to invest in innovative and forward-thinking startups, information on New Zealand's venture capital landscape remains elusive, scattered, and outdated—with crucial insights hidden behind paywalls.

In this article, we present a comprehensive guide, shining a spotlight on the top VC players that are actively supporting and fuelling the growth of New Zealand's technology startups in 2023.

Aera VC

  • Stage: Seed, Series A, Series B
  • Focus: Climate & Sustainability, Deep Tech
  • Notable Investments: Solugen, 54Gene, Aqua Cultured Foods
  • Location: Auckland (NZ), Singapore
  • Website: aera.vc

Aera VC stands at the forefront of deep technology and sustainability investments, propelling the world towards a brighter future. They proactively identify and support visionary founders and teams dedicated to addressing pressing global challenges like climate change. With a global network and unwavering commitment to positive change, Aera VC positions themselves as an exceptional partner for early-stage ventures tech startups striving to make a meaningful impact on a global scale.

AirTree Ventures

  • Stage: Seed, Series A, Series B
  • Focus: Technology, SaaS
  • Notable Investments: Canva, Linktree, Employment Hero
  • Location: Sydney (Australia)
  • Website: airtree.vc

AirTree is driven by a mission to provide unwavering support to Australian and New Zealand founders from the very beginning, firmly believing in their audacious visions. As dedicated long-term partners, AirTree Ventures goes beyond funding; they actively assist portfolio companies in essential recruitment endeavours, offering expert guidance on organisation design, employee experience, and compensation strategies. Additionally, founders gain access to a valuable network of experienced individuals who understand the intricacies of scaling startups.

Blackbird Ventures

  • Stage: Pre-Seed, Seed, Series A
  • Focus: Technology
  • Notable Investments: Canva, Mint Innovation, Halter, Carepatron, Cotiss
  • Location: Auckland (NZ), Melbourne (Australia), Sydney (Australia)
  • Website: blackbird.vc

Blackbird Ventures, one of the largest and most active venture capital funds in Australasia, focuses on supporting ambitious startups from New Zealand and Australia with global aspirations. They invest broadly from software to space, targeting technology companies operating in large markets, capable of generating at least $100 million in annual revenues. With a keen eye for technology-driven businesses with low expansion capital requirements and high potential for rapid scaling, Blackbird Ventures is dedicated to supporting founders from the very beginning. They provide a comprehensive suite of resources, community networks, and programs to amplify startup success. While they often lead investment rounds, they also engage in co-investment with other venture capitalists and angel investors.

GD1

  • Stage: Pre-Seed, Seed, Series A
  • Focus: Deep Tech, SaaS, Hardware, Connected Hardware, Healthtech, Web3
  • Notable Investments: Foundry Lab, Zenno, Orbica, Dawn Aerospace, Auror
  • Location: Auckland (NZ)
  • Website: gd1.vc

GD1 (Global From Day One) is a VC firm that adopts a "bottom-up" approach, supporting exceptional insights-driven, science and engineering-anchored companies within New Zealand's vibrant, diverse tech ecosystem. GD1 boasts a globally experienced team (ex-founders, operators, engineers, and investors). Their portfolio companies gain access to leading global technology hubs and extensive connections to support market entry on a global scale. GD1 also provides comprehensive support from in-house advisory experts specialising in various aspects of the growth journey, from capital raising to go-to-market strategy and operational excellence.

Hillfarrance

  • Stage: Pre-Seed, Seed
  • Focus: Gaming, Software, AI & Machine Learning, Climate Change
  • Notable Investments: Scannable, Partly, In Game Collectibles
  • Location: Auckland (NZ)
  • Website: hillfarrance.com

Hillfarrance is an early-stage VC firm that invests in audacious Kiwi founders driving innovations in media, gaming, artificial intelligence, and climate change. With a strong emphasis on the pre-seed and seed stages, Hillfarrance provides invaluable support through connections, networking, and operational expertise. Setting themselves apart, they allocate 20% of their returns to portfolio company founders, fostering a collaborative environment and shared success. Additionally, they offer assistance in areas like connections, business development, human resources, and founder well-being support.

Icehouse Ventures

  • Stage: Pre-Seed, Seed, Series A, Series B, Series C
  • Focus: Sector Agnostic
  • Notable Investments: Halter, FirstAML, Hnry, Sharesies
  • Location: Auckland (NZ)
  • Website: icehouseventures.co.nz

Icehouse Ventures is a VC firm dedicated to supporting brave Kiwi entrepreneurs in their journey to build global companies from New Zealand. Icehouse Ventures looks for founders with unique insights and deep domain expertise, aiming to build industry-disrupting global companies, particularly in the tech sector. They have a team of experienced advisors and investors who are committed to providing guidance and helping innovative businesses grow and thrive. Their portfolio companies gain access to a wide network of resources, including other portfolio companies and investors, for talent acquisition, guidance, follow-on capital, and valuable insights to help their company thrive.

Movac

  • Stage: Pre-Seed, Seed, Series A, Series B, Series C
  • Focus: Medical Devices, SaaS, Deep Tech, Healthcare, Aerospace
  • Notable Investments: Vend, TradeMe, Mint Innovation, Dawn Aerospace
  • Location: Auckland, Wellington (NZ)
  • Website: movac.co.nz

Movac stands as one of New Zealand's most experienced technology investors, having actively supported Kiwi entrepreneurs since 1998. Their mission centers around tackling challenging problems in large markets, providing comprehensive support to tech teams throughout their entire journey. With a wealth of functional expertise, global connections, and extensive experience in commercialising and growing businesses, Movac is dedicated to empowering startups to reach their full potential.

NZ Growth Capital Partners

  • Stage: Pre-Seed, Seed, Series A, Series B
  • Focus: Technology, Healthcare, Clean Energy
  • Notable Investments: LanzaTech, Narative, Kami
  • Location: Auckland (NZ), Wellington (NZ)
  • Website: nzgcp.co.nz

NZ Growth Capital Partners (NZGCP) is a government-owned investment firm dedicated to supporting innovative and high-growth businesses and driving innovation in New Zealand's entrepreneurial ecosystem. With a commitment to fostering economic growth, they provide patient capital and strategic guidance to help companies realise their growth potential. NZGCP offers tailored investment funds for different stages of a company's development. Through their impactful investments, NZGCP plays a pivotal role in fueling economic growth and propelling New Zealand's innovation landscape forward.

Outset Ventures

  • Stage: Pre-Seed, Seed, Series A
  • Focus: Deep Technology (Energy, Hardware, Biotech, Aerospace, Advanced Materials)
  • Notable Investments: Open Star, Dennison Technologies, Vertus Energy
  • Location: Auckland (NZ)
  • Website: outset.ventures

Outset Ventures is a dynamic venture capital firm and deep technology incubator specialising in specialising in early-stage founder-led science and engineering startups. They are the only New Zealand based deep technology investors with an in-house laboratory and workshop facilities. Their experienced team and investment committee bring capital, a vast network, and industry expertise to help their portfolio companies thrive.

Pacific Channel  

  • Stage: Seed, Series A, Series B
  • Focus: Climate & Sustainability, Automation, Food & Beverage, Industrial, Deep Tech
  • Notable Investments: Tasmanion, Geo40, CropX
  • Location: Auckland (NZ)
  • Website: pacificchannel.com

Pacific Channel is a New Zealand-based venture capital firm dedicated to supporting groundbreaking science and advanced engineering deep tech companies that address significant global challenges. With a thematic focus on improving quality of life, future of food, sustainable economy, and automation, they provide capital, expertise, and networks to companies at various growth stages. Pacific Channel's portfolio reflects their commitment to solving complex problems and driving positive change for a better future.

Phase One Ventures

  • Stage: Pre-Seed, Seed
  • Focus: SaaS
  • Notable Investments: Cotiss, Sugar Wallet, EasyRent
  • Location: Auckland (NZ)
  • Website: phaseone.ventures

Phase One Ventures, founded by Mahesh Muralidhar (an early leader at Canva) is not just a venture capital fund. It's a community of early-stage company founders, a product and growth incubator program, and a committed supporter of the next generation of innovative New Zealand businesses. With a vision of creating a thriving and vibrant startup ecosystem, Phase One Ventures helps founders achieve product market fit, crystalise their vision, and identify growth engines. They provide pro bono support through mentorship, expert sessions, social catchups, and bi-weekly office hours, while also providing investment opportunities to companies that demonstrate significant progress.

Punakaiki Fund

  • Stage: Seed, Series A, Series B
  • Focus: Technology, SaaS
  • Notable Investments: Whip Around, Vend, Timely, Couchdrop
  • Location: Auckland (NZ)
  • Website: https://punakaikifund.co.nz/

Punakaiki Fund is one of New Zealand's original and most prominent venture capital firms, known for its early-stage investments in ventures with high growth potential. Founded in 2013, they offer more than just funding, providing mentorship to support startup success. While Punakaiki Fund has a wide investment mandate and seeks a diversified portfolio, they find B2B SaaS business models particularly attractive and have a strong track record in this space with notable investments in Vend, Timely, Moxion and Linewize. They have a strong Socially Responsible Investment Policy that precludes them from investing in certain sectors and high emissions industries (including crypto). With their experienced team and vast international network of advisors, investors and founders, Punakaiki Fund continues to make a significant impact on the thriving New Zealand startup ecosystem.

Sparkbox Venture Group

  • Stage: Pre-Seed, Seed, Series A
  • Focus: SaaS, Diagnostic Technology, Communication
  • Notable Investments: Xero, Mish Guru, Auror
  • Location: Auckland (NZ)
  • Website: sparkboxventures.com

Sparkbox Venture Group is a prominent investor in high-growth technology companies throughout the Asia-Pacific region. Their funding programs, including GD1 Seed, GD1 Fund II, and Sparkbox Investments, cater to startups at different stages of development. With a diverse portfolio of innovative companies, Sparkbox Venture Group actively supports and nurtures startups, playing a pivotal role in driving their growth and success. Their expertise and financial backing have created valuable partnerships for ambitious entrepreneurs in New Zealand and beyond.

WNT Ventures

  • Stage: Seed, Series A
  • Focus: AgriTech, Artificial Intelligence, Automation, Engineering, Sustainability
  • Notable Investments: Mastaplex, CarbonCrop, FoundryLab, Mint Innovation
  • Location: Tauranga (NZ)
  • Website: wntventures.co.nz

WNT Ventures is a venture capital firm that invests in ambitious deep tech founders. They provide high conviction support, connecting founders to resources, expertise, and support to build global businesses. WNT Ventures is dedicated to advancing deep technology as one of New Zealand's fastest-growing and highest-value creation sectors. They seek pre-revenue tech companies with defensible intellectual property serving global markets. In addition to capital, WNT Ventures offers hands-on support through pre-incubation funding grants, incubation programs, and valuable resources.

Summary

New Zealand's startup scene is thriving, with unprecedented growth and investment opportunities. The government's commitment to fostering entrepreneurship and the increased availability of early-stage VC funding make it an ideal destination for tech startups.

Remember, the journey to raising capital is not just about the money or reaching a particular valuation—it's crucial to find partner(s) and shareholders who also share your vision and can provide the support you need to succeed. With the right support, you can navigate the entrepreneurial journey and make a lasting impact on the world.

If you're a tech startup in New Zealand, connect with the venture capital firms mentioned in this article, present your ideas, and unleash the potential of your business!