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Movac

Founders Phil McCaw

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 38
Average round size
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The average size of a deal this fund participated in
$6M
Portfolio companies 28
Rounds per year 1.46
Lead investments 4
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.26
Exits 5
Key employees 5
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Food and Beverage
  • SaaS
  • Enterprise Software
  • E-Commerce
Summary

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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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Miruku

Food and Beverage
$5M18 Feb 2024 Palmerston North, Wellington, New Zealand

Kry10

Internet of Things
Security
$4M10 Nov 2023 Bellevue, Washington, United States

Mint Innovation

Biotechnology
$41M28 Feb 2023 Auckland, Auckland, New Zealand

Dawn Aerospace

Aerospace
Space Travel
$13M07 Dec 2022 Christchurch, Canterbury, New Zealand

Atomic

Developer Tools
Mobile
Product Design
Web Design
$4M29 Aug 2022 Wellington, Wellington, New Zealand

ZeroJet

Manufacturing
05 Jul 2022 Auckland, Auckland, New Zealand

Portainer

Information Technology
Software
$6M22 Jun 2022 Auckland, Auckland, New Zealand

MOBI

Food and Beverage
Hospitality
$5M01 Apr 2022 Wellington, Wellington, New Zealand

Miruku

Food and Beverage
$2M21 Mar 2022 Palmerston North, Wellington, New Zealand

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Total investments 38
Average round size 6M
Rounds per year 1.46
Peak activity year 2021
Lead investments 4
Follow on index 0.26
Exits 5
Group Appearance index 0.68

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Miruku

Food and Beverage
$5M18 Feb 2024 Palmerston North, Wellington, New Zealand

Kry10

Internet of Things
Security
$4M10 Nov 2023 Bellevue, Washington, United States

Mint Innovation

Biotechnology
$41M28 Feb 2023 Auckland, Auckland, New Zealand

Dawn Aerospace

Aerospace
Space Travel
$13M07 Dec 2022 Christchurch, Canterbury, New Zealand

Atomic

Developer Tools
Mobile
Product Design
Web Design
$4M29 Aug 2022 Wellington, Wellington, New Zealand

ZeroJet

Manufacturing
05 Jul 2022 Auckland, Auckland, New Zealand

Portainer

Information Technology
Software
$6M22 Jun 2022 Auckland, Auckland, New Zealand

MOBI

Food and Beverage
Hospitality
$5M01 Apr 2022 Wellington, Wellington, New Zealand

Miruku

Food and Beverage
$2M21 Mar 2022 Palmerston North, Wellington, New Zealand
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