Growth Fund 7 now officially closed at $200m
The last few years have tested investors globally. The easy capital of the pandemic era disappeared. The global economy entered a period of slower growth, higher costs and greater uncertainty.
Investors demanded stronger businesses, clearer paths to profitability and founders who could execute through uncertainty. For us, that reset was constructive. It separated the promising from the profitable, and made greater selectivity and deeper due diligence important.
NZ’s tech sector has quietly grown up
As the NZ tech sector matures, so too has Movac. We’ve been a pioneer in its formation and investor in the earliest tech start-ups. What we see now, is a generation of founders who have built, exited, learned through cycles and returned to build again. Around them is a deeper group of scientists, engineers, operators and experienced directors who understand not only how to create breakthrough technology, but how to commercialise it, surround businesses with the right expertise, bring in experienced partners, leverage strong governance and access global networks required to scale with discipline.
The giant leap from small seed to large scale
The opportunity is no longer to hunt down good tech, or reward those that can prove it “works”. It’s to back unfair advantages, unique market placements and confident go-to-market players. Who have fine-tuned the systems, bring an entire village to the deal table, and know a lot of the in-and-outs already.
Raising our new Fund
With Growth Fund 7 now officially closed at $200 million, the strength of the raise reflects investor conviction in the opportunities ahead and respect they have for Movac’s approach and proven returns.
We are grateful to have the continued backing of some of New Zealand’s most respected, long-term, institutional investors, including NZ Super Fund, Forsyth Barr and Ngāi Tahu Holdings. We are also excited to see the strong participation from new Active Investor Plus investors, who have committed approximately $80 million across our Growth Fund 7 and Growth Opportunity Fund.
Ready for discerning deployment
The new fund will invest in standout tech companies at the point where sustained market-fit sets its sights on global scale.
Deploying initial cheques of approx $5 million to $30 million+, to support companies through their next stages of growth. The aspiration is not simply to fund companies becoming bigger; it’s to fund those becoming category leaders.
After more than 25 years of investing through multiple cycles, we know that scale is rarely achieved through capital alone. It requires exceptional founders, strong decision-making, resilience and the right VC village to support them.