News
Going global: Rotorua start-up lands $23m 'game-changer' UK grant
5+ hour, 4+ min ago (526+ words) Cetogenix chief executive and co-founder Dr Trevor Stuthridge says a $23m grant in the United Kingdom could lead to the commercialisation of its technology. A Rotorua cleantech company turning waste into valuable resources has secured a "game-changer" $23 million grant in the…...
$150m new venture capital fund gains major Kiwisaver backing
2+ week, 2+ day ago (1034+ words) Icehouse Ventures has revealed a $40 million first close for its Growth Fund III, with Generate Kiwi Saver featuring heavily in the mix of early investors. The final close is set for the year's end, with a target to raise $150m to…...
Here come the AI robots: Kiwi Harry Mellsop raises $15m for his start-up
1+ mon, 1+ week ago (1071+ words) The Antioch team are Jackson Vachal (from left), Josiah Jordan, Michael Calvey, Colton Swingle, Alex Langshur, Harry Mellsop, Collin Schlager and Oliver Dyer. Efforts to develop humanoid, delivery and manufacturing robots have exploded in the age of artificial intelligence. So…...
Load of bull? Start-up founder raises questions after R&D grant application rebuffed
1+ mon, 4+ week ago (1491+ words) Scanabull founders Paul Sealock (from left), Dan Bull, Daniel Stuart-Jones and Ursula Haywood. "We're working with industry on a genuine problem," Bull said. "This is tech the industry has been asking for, and hasn't been done before." "Research funding in…...
Rules of attraction: Auckland's AI-savvy Dexibit sells UK-listed firm for $21m
1+ mon, 4+ week ago (578+ words) Dexibit chief technology officer Ravi Chandra (from left), chief executive Angie Judge and chief operating officer Justin Kearney. Dexibit, a maker of artificial intelligence-powered software for managing visitor attractions, from museums to Rainbow's End, has sold to UK-listed Accesso in…...
$100m fund for 'deep tech' start-ups reveals first close, boosted by golden visas
2+ mon, 2+ week ago (732+ words) Bridgewest Ventures chief executive Saum Vahdat. The Government's new "golden visa" programme has boosted Bridgewest Ventures' uniquely structured venture capital fund, whose backer says it's on track to oversubscribe its $100 million target. Bridgewest Ventures NZ has announced an ahead-of-target $55. 3m first…...
Kiwi recruited by AI giant after raise at $630b valuation, tipped IPO
3+ mon, 2+ week ago (553+ words) One of the biggest companies in AI has recruited New Zealander Chris Liddell to its board before an anticipated stock market listing, which is expected to be one of Wall Street's biggest ever in dollar terms. Anthropic, maker of the…...
Golden visa cash helps fuel $12m raise for AI fruit-scanning start-up
3+ mon, 2+ week ago (768+ words) Auckland start-up Hectre has raised $12 million to further develop its "AI vision system" for grading fruit by size, colour and quality before it enters a packhouse. The Series A round was led by Punakaiki Fund, which now holds a 13% stake,…...
Kami co-founders name first investment for their new $10m venture capital fund
6+ mon, 2+ week ago (772+ words) Hiraya Ventures' Hengjie Wang and Alliv Samson say they want to give back to the local start-up system that helped them launch their $300m global success story, Kami. A new home-grown venture capital fund has named its first investment. Last month,…...
'A wake-up call': Female-only start-ups get fraction of capital funding
8+ mon, 2+ week ago (643+ words) Gender Investment Gap co-founder and co-author Jenny Rudd believes entrenched biases are partially to blame for under investment in female-only start-ups. Female-only start-ups received just 2. 9% of every dollar of capital investment last year, according to new research conducted by the…...