Venture Capital

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Movac

Movac has deployed over $412M into New Zealand technology companies since 1998, running a full-lifecycle venture model from Auckland and Wellington.

Movac logo

Movac

Movac is New Zealand's most experienced technology investor and is deeply integrated into the Kiwi tech sector. We've been actively investing since 1998.

General information

Firm type

Venture Capital

Year founded

1998

AUM

Undisclosed

Location

Region

Oceania

Country

New Zealand

City

Wellington

Corporate office

Wellington, New Zealand

Additional offices

Auckland, New Zealand

Sector focus

Enterprise SoftwareFinTechPropTechHR TechEdTechAI/ML

Frequently asked questions

How does Movac source its deals?

Movac operates nationally within New Zealand and states it is deeply integrated into the Kiwi tech sector. Its 25-plus years of operation and reputation as the country's most experienced technology investor provide proprietary access to founder networks. The firm invites founders to review its publicly listed investment process and reach out directly.

Does Movac lead rounds or participate as a co-investor?

Movac describes itself as high-conviction and high-touch, which typically implies leading or co-leading rounds, but it does not publicly state a formal lead-investor policy. The firm's full-lifecycle approach means it can participate across seed, start-up, expansion and growth rounds, often as the primary Kiwi capital partner alongside international investors.

What is Movac's current fund size and typical check size?

Movac discloses a current fund of $230M, but has not made public its typical check size or total assets under management. The firm's total deployment since 1998 is more than $412M. Absent a published investment memo or LP report, check sizes are not publicly available.

Which sectors does Movac explicitly avoid?

Movac does not maintain a public exclusion list. Its portfolio suggests a preference for enterprise software, FinTech, PropTech, HR Tech and EdTech, with no disclosed investments in deep tech hardware, defence, or biotech. The firm's investment thesis centres on founders solving tough problems in large global markets.

Is Movac structured as a family office or a venture firm?

Movac is a venture capital firm, not a family office. It has raised multiple funds from New Zealand-based limited partners and operates as a registered asset manager. The firm does not manage the wealth of a single family.

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