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 – Unleashed

Our journey with Gareth and Unleashed began some years before we invested. At the time, we were investing out of Movac Fund 2 and then Fund 3.

Investment Notes #4 – Mint Innovation

We are excited to announce Movac Fund 5’s fourth investment - Mint Innovation. Movac led the $20m Series B round with a $9m commitment and is the fund’s first growth stage investment.

Five in Five – Jeremy Ginsberg

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 #5 – Myia Health

We are excited to announce Movac has led the Series A bridge investment in Myia Health. Myia Health is a data driven virtual care platform enabling hospital systems to better serve their populations of elderly and chronically ill patients in their own homes.

2020: That was tough

How do you even start to describe 2020? We're deeply conscious of the privilege that we have to live on a beautiful islands at the bottom of the world, that subject to border restrictions, is going about life ‘normally’. While in New Zealand, we have endured relatively short lock-downs, our global team members and clients are entering their 9th month of rolling lock-downs.

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!