In 1998 was created Movac, which is appeared as VC. The company was established in Australia. The leading representative office of defined VC is situated in the Wellington.
The current fund was established by Phil McCaw.
The usual cause for the fund is to invest in rounds with 1-2 partakers. Despite the Movac, startups are often financed by Square Peg Capital, Milford Asset Management, Craig Winkler. The meaningful sponsors for the fund in investment in the same round are Valar Ventures, TE Connectivity, Square Peg Capital. In the next rounds fund is usually obtained by Sparkbox Ventures, Samsung Ventures, Enterprise Angels.
The fund is constantly included in less than 2 investment rounds annually. The high activity for fund was in 2013. The increased amount of exits for fund were in 2017. This Movac works on 14 percentage points less the average amount of lead investments comparing to the other organizations. The real fund results show that this VC is 3 percentage points more often commits exit comparing to other companies. The usual things for fund are deals in the range of 5 - 10 millions dollars.
Among the various public portfolio startups of the fund, we may underline Timely, PowerbyProxi, Unleashed Software Besides, a startup needs to be aged 6-10 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - New Zealand. The fund has no exact preference in a number of founders of portfolio startups. If startup sums 4 or 5+ of the founder, the chance for it to be financed is low. We can highlight the next thriving fund investment areas, such as Cloud Computing, SaaS.
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