Seed Funded Startups in New Zealand
Seed rounds in New Zealand (33 entries shown, latest dated 2025-11-22) show a clear funding-size split: the largest disclosed round is Vertus Energy’s $9M…
Seed rounds in New Zealand (33 entries shown, latest dated 2025-11-22) show a clear funding-size split: the largest disclosed round is Vertus Energy’s $9M on 2024-06-27, and it sits well above the rest, with multiple $5M rounds (Pictor $5M on 2025-05-22; Mushroom Material $5M on 2024-08-07) but few mid-single-digit outliers beyond that. Biotech/health-adjacent themes are also clustered: Biotechnology appears in three Seed entries (Pictor 2025-05-22 $5M, Bontia Bio 2025-03-26 $720K, Scentian Bio 2023-09-27 $2M), while Health Care shows at least two (Avasa $3M on 2025-08-25; Kitea Health $6M on 2023-02-23), indicating repeated investor attention in life sciences.
Geographically, Auckland is the most frequent home base in the displayed set, appearing across companies such as Timpi (2025-11-07, $200K), Avasa (2025-08-25, $3M), Caruso (2024-12-11, $3M), and Carepatron (2023-08-14, $4M), alongside additional cities like Wellington (e.g., Factor $3M on 2025-07-18) and Christchurch (Orbica $3M on 2022-08-18). Temporally, the window runs from 2021-08-25 (Litmaps $1M) through 2025-11-22 (Dispute Buddy $770K), with the densest recent activity in late 2024 and 2025.
Most recent rounds
33 shownRelated listings
Frequently asked
What’s the largest disclosed Seed round in this list, and how does it compare to the rest of the disclosed amounts?
Vertus Energy’s $9M Seed round (2024-06-27) is the largest disclosed amount shown and is substantially above the next-largest disclosed entries at $6M (Kitea Health, 2023-02-23) and $5M (Pictor, 2025-05-22; Mushroom Material, 2024-08-07).
Are there specific sectors that repeat often across these 33 Seed rounds?
Biotechnology repeats three times (Pictor $5M on 2025-05-22; Bontia Bio $720K on 2025-03-26; Scentian Bio $2M on 2023-09-27). Health Care also recurs with at least two entries (Avasa $3M on 2025-08-25; Kitea Health $6M on 2023-02-23), making life-science-adjacent themes more concentrated than many other categories that appear only once.
Which geography is over-represented, and how consistent is it across different years?
Auckland is the most common city in the displayed rows, spanning multiple years and sizes—for example Timpi in 2025-11-07 ($200K), Caruso in 2024-12-11 ($3M), Watchful in 2024-12-03 ($3M), and Carepatron in 2023-08-14 ($4M). Other cities like Wellington and Christchurch show fewer entries by comparison (e.g., Factor $3M on 2025-07-18 in Wellington; Orbica $3M on 2022-08-18 in Christchurch).
Do any dates form a tight cluster of Seed rounds in the most recent period?
The late-2024 to 2025 window is dense: five Seed rounds land between 2024-12-03 and 2025-01-01 in the dataset shown (Watchful 2024-12-03 $3M; Caruso 2024-12-11 $3M; Checkmate 2024-09-17 is earlier, so not in that tight slice; plus multiple additional rounds shortly after 2024-12-19 such as Marama Labs 2024-12-19 $2M and the next-year entries). The dataset also shows frequent Seed closes throughout 2025, rather than a single spike year.
Are there outliers in disclosed round size (including very small disclosed amounts) that stand out?
Altered State Machine’s $100K Seed (2022-03-10) is the smallest disclosed amount in the shown rows, creating a low-end outlier versus the broader $1M–$5M band (e.g., Bike Matrix $1M on 2024-08-12; Metrovate $610K on 2024-05-16; and multiple $3M rounds like Inviol 2023-12-15 $3M and SafeStack 2022-12-05 $3M).
How many entries have undisclosed amounts, and does that affect comparisons based on “largest” or “smallest” disclosed rounds?
There are 3 rows with undisclosed amounts (TDRI 2025-04-01; Daisy Lab 2023-03-03; Dosh 2022-04-04). Comparisons for largest and smallest disclosed amounts use only disclosed figures: Vertus Energy $9M (largest disclosed) and Altered State Machine $100K (smallest disclosed) remain unchallenged by the undisclosed rows.
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