We invest in high growth tech companies
We are Series A and beyond tech investors that deploy growth capital in and work with the next wave of iconic Kiwi companies.
We’ve been investing in
New Zealand technology companies since 1998.
- We provide growth funding across multiple investment rounds.
- We work with founders and CEOs to ensure that the right talent and expertise are in place to drive success.
- We actively participate in and contribute to company boards.
- We facilitate access to subject matter experts through the Movac community and provide operational support when needed.
Movac’s stages of investment
Movac has transitioned from an Angel and Seed investor to a Growth investor across successive funds. While we support the New Zealand Angel and Seed sector through a variety of activities, we no longer invest in that space.
We are currently investing Movac Fund 4 through Series A and beyond investments into companies that have proven a product market, have a team in place to grow their business, and the potential to scale to $100m+ in revenue.
We are proud to work with talented founders
Our company founders have excelled at creating their own business opportunities within various tech industries. Created in New Zealand, developed globally, Movac is proud to support our founders in whatever way we can. Equally, we encourage our founders to share their expertise with us and our other portfolio companies.
Nathalie Whitaker – Give-a-Little
Natalie is an impressive and remarkable individual who has made a significant impact in the world of charity and giving. The founding, launch, and growth of Givealittle wasn’t easy, however, Nat’s big heart, deep sense of understanding and caring, abundance of energy, intellect, tenacity, passion, and boldness to lead change, has been pivotal in its success.
Her ability to bring Givealittle to life has been the culmination of her education (including involvement in the Young Enterprise Scheme), practical experience with setting up and running a charitable venture, involvement in her family business, and ability to adapt and learn at a rapid rate. She has a unique way of combining social and commercial drive. It was little surprise to those of us that have had the privilege of working closely with Nat that Givealittle was snapped up by the Telecom Foundation, but with her continued involvement being a key requirement of the deal!
Nat is not afraid to challenge the norm especially when it comes to making deep social change. Sometimes I felt like I needed to be in a full sprint just to keep up!
Fady Mishriki – Power by Proxi
I met Fady in 2008 and we bonded over stories from Egypt and him humouring my attempts at very broken Arabic from my youth! Fady has what can only be described as a striking but calm intellect. He has an incredible ability to be across all aspects of the business, be that the technical side of the engineering team, market awareness of where a product might be valued, right through to a huge business acumen.
A former winner of the Spark Challenge, he epitomises the type of founder Movac is excited to work with; he intuitively understands entrepreneurship, how businesses can grow, and how to use capital effectively. Fady is young, talented, diligent, and almost certainly the most capable negotiator I’ve ever come across and forced Movac to lift our game as we supported the company across several rounds in two Funds!
Jenene Crossan – Flossie Ltd
Jenene is one of NZ’s first internet pioneers, creating NZGirl in 1998 at age 20, and is a true force of nature! What’s always struck me is her bounding enthusiasm, can-do attitude, and her leadership qualities. Specifically, Jenene always leads by example. This means she’s always surrounded by a team that will move heaven and earth for her, and I’ve never met teams more dedicated and inspired by their leader.
She’s also incredibly tenacious which has meant that despite the public nature of her businesses (NZGirl and Flossie) and several hard knocks along the way (for example, the GFC), Jeanne always applies any lessons learned to be stronger and better than ever. She’s so compelling that she even managed to convince me, a stale boring software guy, to jump on the Boards of two media companies – something at the time I knew very little about, but was excited about as I believed (and continue to believe) in Jeanne’s abilities!
Melissa Clark-Reynolds – MiniMonos.com
I first started working with Minimonos back in 2010 when she came to us with a “cause”. A cause to save the planet by educating our children through a fun, interactive virtual world where kids would learn to respect the environment and live in a sustainable way: a fun, safe, happy, and ethical choice.
Melissa is on a mission, as a social and business entrepreneur. She stands out for me for her passion, intelligence, determination, and the loyalty and respect she engenders from her teams. I don’t think I’ve worked with anyone who can pull together a team, focus them and get them laser focussed on execution as quickly and with as much precision as Melissa. But done with a sense of humour and a tremendous amount of respect. It’s little wonder that Melissa is in hot demand and currently applies her skills to a variety of interesting positions for well-respected companies like Radio NZ and Jasmax, and delivers sold-out workshops on innovation around the country.
Scott Houston – GreenButton
Short in stature, big on vision and determination! Scott never took no for an answer from us when it came to GreenButton. He first approached us with this idea to rent cloud storage on demand in…I don’t know but it was a long time before Amazon had invented cloud computing. He had just stepped out of Weta Studios where he had been the IT manager responsible for assembling their super computer farm, used for digital rendering, with the big idea to rent out the spare capacity on demand.
Sounded cool, but we had no idea how he would do this, who his customers would be, let alone how much they would pay so we politely kicked him out the door. Every 6-months he’d walk back in the door. Eventually we were convinced and invested. Four years later Scott delivered us a juicy return following the successful sale of the business to Microsoft. GreenButton is now buried inside of Azure.
Scott has a never say die, never take no attitude coupled with a wonderful sense of humour. He’s humble and always treated his team, board and shareholders with tremendous respect. He’s now passing on his experience by guiding some fantastic New Zealand tech companies like Aranz Geo and Nyriad.
Brian Ward – Aroa
The thing that stands out for me with Brian is his smile. It’s always broad and always there no matter what adversity he’s faced. No problem has been too big and they’ve all been knocked down and solved. He’s never bought me a problem, other than consistently asking for more money, but always bought options and solutions. This is unique and makes him a joy to work with.
Brian caught us in a moment of weakness, way way back in 2007. Our weakness was that he convinced us to invest in an opportunity to build a company that would “up-cycle” the forestomaches of sheep or cows into a regenerative tissue that would be used in range of applications in humans. This was our first med-tech investment and we invested from the business plan. It took a lot of research on our side to understand what he was talking about but we were compelled by the combination of the IP position he had secured and him personally.
Brian had a clear plan for what he was going to do and he’s done it. He’s determined, never says “die”, fought his corner hard, built a fantastic team and some great global partnerships and always done it with a smile on his face. It’s cost three times more and taken three times longer than the plan he gave us, but Aroa Biosurgery in great shape due to his incredible resilience and tenacity.