The Movac Digest #1

Hey there!

Welcome to the first edition of the Movac Digest – a regular newsletter to fill you in on fund news, where you can find us in the community, and reading fodder our team is enjoying.

Movac Fund 5 is live! The fund is $250m and is investing in technology companies from their first acceleration round to the last.

Our new website which has more details on what we are looking for and how we like to work with portfolio companies. Grab the lowdown on our thinking on the first Fund 5 investments below.

As we pull into Christmas, we reflect on a unique and big 2020. Fund 4 invested in TracPlus and Revolution Fibres.  Aroa Biosurgery (Fund 3) listed on the ASX and Unleashed (Fund 4) was acquired by Access Group. We added a bunch of top people to the wider Movac team: Lisa Nelson, Fady Mishriki, Randy Komisar, Rachel Taulelei and David Teece to our Advisory Board; Kirsty Traill, Andrew Tokeley, Alia Bojilova, Ben Anderson, Rob Shaddock and Serge van Dam to our Operating Partner team; and Jeremy Ginsberg as CTO in Residence. And opened an Auckland office!

We wish you a sunny and safe festive season.


What’s Happening At Movac

Exit Notes – Vend

Shortly after the first iPad came out, Vaughan Fergusson recognised the opportunity to leverage the hardware as a Point of Sale (POS) solution. Vaughan was bold in his ambition and quickly seized the opportunity to launch cloud POS software company Vend.  Vend found their sweet spot early on.


Techweek 2021 – Movac Interview Series

Listen in to hear 1-1 interviews with Mohan Nair, Jason Fried and Kevin Rose.


Five in Five – Serge van Dam

Each month we spend five minutes extracting five interesting pieces of information from a founder, thought leader or member of the wider Movac team. This month, we caught up with Movac Operating Partner Tokes.


Five in Five – Kirsty Traill

Each month we spend five minutes extracting five interesting pieces of information from a founder, thought leader or member of the wider Movac team. This month, we caught up with Movac Operating Partner Tokes.


Investment Notes #6 – Tradify

We are excited to announce Movac Fund 5’s sixth investment - Tradify. Movac is leading the $10m Series B alongside existing investors K1W1 and IceHouse Ventures, with the deal being a Growth-stage investment allocation.


Job Board

Live roles in our portfolio companies that may suit you or your network:


What We Are Reading

  • SaaS Capital and OpenView released their annual SaaS benchmarking reports, perfect for building financial models and tracking progress against the market.
  • Bessemer Venture Partners released their internal investment memos for a dozen of their well known investments. The common thread: the best investment decisions centred on people.
  • For anyone interested in NLP, here is a good laypersons guide to the latest and greatest NLP algorithm called GTP-3.
  • Hiring in start-ups is high stakes. Here are FirstRound’s list of interview questions that aren’t easily answered by the STAR method formula, and instead require deep introspection and quick thinking from candidates.
  • For the fintech fans, a dive into strategy and valuation for Square’s Cash App.

Thanks for tuning in!