Movac venture capital fund raises $185m as golden visa investors, NZ Super Fund and Ngāi Tahu chip in
New Zealand venture capital firm Movac has raised $185 million for its latest growth fund, bolstered by significant investment from 'golden visa' holders. The fund aims to support local tech companies with investments ranging from $5 million to $30 million.
Why it matters
This influx of capital signals a robust revival in the New Zealand venture capital market and highlights the impact of investor-immigrant programs on local tech ecosystems.
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