Organization · Venture Capital
Movac
Movac is a leading venture capital firm based in New Zealand, specializing in technology investments across various stages from seed to growth. Founded in 1998, it has a strong track record of supporting Kiwi tech companies.
Overview
What Movac does
What Movac is
Movac is a leading venture capital firm based in New Zealand, specializing in technology investments across various stages from seed to growth. Founded in 1998, it has a strong track record of supporting Kiwi tech companies.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 1998
- Approximate age
- About 28 years
- Structured capabilities
- Funder
- Last reviewed
- March 30, 2026
Official channels
Find Movac elsewhere
Open the official website or a supported primary organization account.
Capability profile
Movac as a funder
Investment thesis
Movac invests in New Zealand technology companies from seed through growth, focusing on those with significant scalability potential and global ambitions.
Focus narrative
Movac invests across various stages of technology companies, from initial acceleration rounds to later stages. They prioritize investments in teams with domain expertise and a defensible competitive advantage, ensuring that their portfolio companies are well-positioned for growth and scalability.
Value beyond capital
Movac adds value to its portfolio companies through operational support, strategic guidance, and access to a robust network within the New Zealand tech ecosystem. Their deep integration in the local market allows them to provide tailored assistance to help companies scale effectively.
Terms and economics
- Typical check
- $1,000,000–$250,000,000
- Sweet spot
- $20,000,000
Focus and fit
- Stages
- Seed · Series A · Growth Equity
- Regions
- Global
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 12
- Recorded notable exits
- PowerbyProxi, Trade Me, GreenButton, Vend, and Aroa Biosurgery
Portfolio context
Notable portfolio companies include TracPlus, a leader in tracking solutions; PowerbyProxi, a wireless power technology company acquired by Apple; Mint Innovation, focused on sustainable metal recovery; and Vend, a retail POS software provider acquired by Lightspeed.
Common questions
What to know about Movac
Upseed classifies Movac under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 30, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.