$185m for start-ups as Wellington venture capital firm blows through its target

PremiumChris KeallTechnology Editor/Senior Business Writer·NZ Herald·22 Jun, 2026 06:00 PM4 mins to read‌Movac general partner Mark Vivian says golden visa holders have pumped $80m into his Wellington-based firm's new growth fund, plus a secondary fund.New Zealand’s venture capital revival continues with Movac reporting it has hauled in $185 million after six months for its new Growth Fund 7 – twice its first-close target.

Partner Mark Vivian says another $15m is nearly signed off from a major New Zealand institutional investor, which will take the