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The startup scene across New Zealand

Where startups are forming across New Zealand: the cities, accelerators and investors, and how you get close to them.

Capital
Wellington
Region
Oceania
Population
4,885,500
Currency
NZD
Fig. 1321 · Silver fern

The ecosystem

NZGCP and Dealroom reported New Zealand technology-company enterprise value of NZ$129 billion in their 2025 report, including NZ$124 billion attributed to VC-backed companies. Three companies accounted for approximately 77 percent of that VC-backed value, so the aggregate is highly concentrated.

Tech New Zealand reports that technology represented 8 percent of GDP and employed 119,520 people in 2024. Separately, NZGCP's Young Company Finance report records 166 funded deals and $754 million invested in calendar 2025, using the report's unqualified dollar label.

Sectors and strengths

Reviewed evidence spans technology commercialization, science and engineering technology, and investment themes that include energy sovereignty, localized critical industries, food, and transport. NZGCP and Dealroom report that covered university spinouts have an aggregate value above NZ$2 billion and support more than 800 New Zealand-based jobs.

As of . Official information. Source: New Zealand 2025 report; Founders; About Us - Motion Capital

TIN reports that its TIN200 technology-export companies generated $20 billion in revenue and $15.31 billion in exports in FY2025. The release uses an unspecified dollar currency and reports on a selected exporter group.

As of . Official information. Source: 2025 TIN Report Press Release

Hubs and regional differences

NZGCP and Dealroom identify Auckland as New Zealand's most-funded city in their 2025 report. NZGCP's YCF report also describes strong second-half 2025 investment growth in Wellington and Canterbury, which is a period-specific observation rather than a lasting regional ranking.

As of . Official information. Source: New Zealand 2025 report; NZGCP Young Company Finance, Autumn 2026

Startup Aotearoa describes one-to-one coaching for early-stage founders delivered nationwide through local regional providers.

As of . Official information. Source: Our Story – Startup Aotearoa

Notable companies

Xero's current locations page lists Wellington as its headquarters. The reviewed claims do not establish its founding location or date.

As of . Official information. Source: Xero around the world

Capital providers

In NZGCP's 2025 YCF series, early-expansion and expansion rounds represented 49 percent of rounds and 83 percent of invested capital. Venture-capital-led deals accounted for 57 percent of deal volume and 84 percent of the amount invested.

As of . Official information. Source: NZGCP Young Company Finance, Autumn 2026

Angel Association New Zealand describes itself as the national organization for people active in early-stage venture capital. Outset Ventures reports a science- and engineering-technology focus, investing from pre-seed through Series B and leading rounds of $100,000 to $10 million; its cited page does not specify the currency.

As of . Official information. Source: Angel Association New Zealand; Founders

Motion Capital describes an investment thesis spanning energy sovereignty, localized critical industries, food, and transport. KiwiNet reports a network of 14 universities and research organizations and administers PreSeed investment on behalf of the Ministry of Business, Innovation and Employment for early commercialization of publicly funded research.

As of . Official information. Source: About Us - Motion Capital; KiwiNet - Empowering people who commercialise research; PreSeed Investment for commercialisation of research

NZGCP says it was established by the New Zealand Government in 2002. Its Elevate fund-of-funds targets funds investing primarily in Series A and B rounds of $2 million to $20 million in high-growth New Zealand companies; NZGCP reported $28 million of investible capital remaining as of March 2025.

As of . Official information. Source: About NZGCP; Elevate NZ Venture Fund

Startup support programs

NZGCP Aspire describes direct investment in Kiwi technology startups at proof-of-concept, seed, and early-expansion stages. Its page directs eligible startups to review the FAQ and use an online application route; an open application window or available capacity was not established.

As of . Application availability not verified. Official information. Source: Aspire NZ Seed Fund

KiwiNet administers PreSeed investment on behalf of the Ministry of Business, Innovation and Employment for early commercialization of publicly funded research.

As of . Application availability not verified. Official information. Source: PreSeed Investment for commercialisation of research

The University of Auckland identifies UniServices as its technology-transfer and commercialization organization. The university says its Inventors' Fund supports early research and startups from proof of concept through investment and seed funding.

As of . Application availability not verified. Official information. Source: Protect and commercialise your research and ideas

Inland Revenue describes the Research and Development Tax Incentive as a 15 percent tax credit, with a NZ$50,000 minimum eligible R&D expenditure threshold.

As of . Application availability not verified. Official information. Source: Research and development tax incentive

For founders

For research-based ventures, reviewed support options include KiwiNet's PreSeed commercialization support for publicly funded research and the University of Auckland Inventors' Fund, which spans proof of concept through investment and seed funding. NZGCP Aspire describes direct investment from proof of concept through early expansion and provides an application route, but an open intake or available capacity was not established.

As of . Official information. Source: Aspire NZ Seed Fund; PreSeed Investment for commercialisation of research; Protect and commercialise your research and ideas

The 2025 YCF figures show early-expansion and expansion rounds received most reported invested capital. Founders can use the stage breakdown to frame discussions with potential capital providers, while recognizing it describes reported activity in that year, not a forecast.

As of . Official information. Source: NZGCP Young Company Finance, Autumn 2026

For investors

The 2025 report's NZ$129 billion technology enterprise-value figure is concentrated: three companies account for about 77 percent of the VC-backed value. The aggregate should not be read as representative of a typical company's scale.

As of . Official information. Source: New Zealand 2025 report

NZGCP's 2025 YCF data show early-expansion and expansion rounds accounted for 83 percent of invested capital, while venture-capital-led deals represented 84 percent of investment amount. These figures describe reported activity in 2025, not a forecast of future deal flow.

As of . Official information. Source: NZGCP Young Company Finance, Autumn 2026

Constraints and recent changes

StartupBlink's New Zealand page displayed a global rank of 29 and a regional rank of second in Australia and Oceania when observed on 2 October 2026. These dated index positions are not direct measures of funding, company outcomes, or regional activity.

As of . Official information. Source: Top Startups in New Zealand

Immigration New Zealand announced on 27 August 2025 that the Entrepreneur Work Visa would close to new applicants; the cited announcement does not establish that this was the effective closure date. The Business Investor Work Visa page showed applications open when checked on 2 October 2026.

As of . Official information. Source: Business Investor Visa offers new immigration options for investors; Business Investor Work Visa

Startup ecosystem standing

Where New Zealand ranks

Rankings that list New Zealand
RankingEditionPositionSince last editionTrustWhat it measures
Doing Business (Ease of Doing Business ranking)Doing Business 2020#1No changeBBusiness Climate
Global Innovation Index2025#25No changeAInnovation, Competitiveness, Research, Talent
Bloomberg Innovation Index2020#29Down 5BInnovation, Research
Global Startup Ecosystem Index (countries)2025#31No prior editionBEcosystem, Activity, Finance, Business Climate
IMD World Competitiveness Ranking2026#37Down 5BCompetitiveness, Business Climate, Performance
Emerging Ecosystems Ranking (GSER Top 100)202421 to 30No prior editionCEcosystem, Performance, Finance, Talent
Positions come from each publisher's edition. Open a ranking for its method and trust notes, or an edition for the full list.

148 organizations with a profile

Who's based in New Zealand

Investors 100

Reddy Group logoInvestor

Diversified family office with a long-term investment horizon.

No 8 Ventures logoInvestor

Investing in New Zealand's early-stage technology companies.

The 3 most prominent of 100. Browse all investors

Accelerators 22

Ministry of Awesome logoAccelerator

Ministry of Awesome is a startup accelerator and incubator located in Ōtautahi Christchurch, New Zealand, supporting high-growth startups and…

MISSION READY logoAccelerator

Mission Ready is a tech career accelerator based in Australia and New Zealand, specializing in fast-tracking participants into tech roles through…

Sprout Agritech logoAccelerator

Accelerating the future of food production and delivery

The 3 most prominent of 22. Browse all accelerators

Incubators 17

MVP Studio logoIncubator

Transforming ideas into Minimum Viable Products.

Outset Ventures logoIncubator

Championing deep technology founders in New Zealand.

Soda Inc. logoIncubator

Fostering entrepreneurial growth in Waikato.

The 3 most prominent of 17. Browse all incubators

Venture studios 9

Ryft Ventures logoVenture studio

Building AI-first startups for business growth.

Edison Darby logoVenture studio

Growing technology-enabled businesses for global markets.

The 3 most prominent of 9. Browse all venture studios

Pick what describes you

Your way in

City guides

Cities in New Zealand

The largest 4 of 5 published city guides.

Browse cities in New Zealand

Questions about New Zealand

How does New Zealand rank as a startup ecosystem?

Its best position is #1 in Doing Business (Doing Business 2020). It appears in 6 published rankings; the table above lists each one.

How many startup investors are based in New Zealand?

100 investors based in New Zealand have a profile here, including Reddy Group, No 8 Ventures and Icehouse Ventures. The real number is higher.

Are there accelerators or incubators in New Zealand?

Yes. New Zealand has 22 accelerators, 17 incubators and 9 venture studios on record, including Ministry of Awesome, MVP Studio and Ryft Ventures.

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