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Movac is a venture capital firm founded in 1998 and based in New Zealand, with offices in Auckland and Wellington. The firm specializes in technology investments and has a notable portfolio that includes companies like TracPlus and Vend. While specific fund size and AUM details are not disclosed, Movac's extensive experience in the sector positions them as a key player in the Oceania startup ecosystem.
Movac invests in technology companies at various stages, from pre-seed to Series C, with a strong emphasis on scalability and exceptional teams. They target sectors such as AI, SaaS, healthcare, fintech, consumer, commerce, edtech, climate, mobility, and food-agtech. Their investment criteria include a defensible competitive advantage and domain expertise.
Notable portfolio companies include TracPlus, which received investment from Fund 4; PowerbyProxi, backed by Fund 3; Mint Innovation, funded by Fund 5; and Vend, also supported by Fund 4.
Submit your pitch through their website's contact form at [URL]. Ensure your proposal highlights your team's strengths and the scalability of your solution.
Movac often leads investment rounds, particularly in early-stage companies where they can provide both capital and operational support.
Movac is open to follow-on investments, especially for companies that demonstrate strong growth and scalability potential.
Specific details about the size of Movac's current fund are not publicly available.
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