2024 proved to be a milestone year for the New Zealand startup ecosystem, with several companies across diverse sectors securing substantial funding to fuel their growth. This influx of capital signals not only the confidence investors have in Kiwi startups but also the potential these companies hold in reshaping industries and pushing innovation forward.
Here, we highlight some of the biggest funding wins from New Zealand's entrepreneurial scene in 2024.
Metrovate, an innovative agritech company, raised NZ$1 million in a Seed round. Focused on revolutionizing agricultural practices, Metrovate aims to drive efficiency and sustainability in the sector.
Bike Matrix Ltd secured NZ$2 million in Seed funding to push forward its mission of creating a revolutionary platform for parts compatibility in the cycling industry.
Appetise, a leader in providing grocery insights, raised NZ$4 million in a pre-Series A round. The company’s platform offers personalized shopping solutions, streamlining the grocery experience for consumers.
Tether Ltd raised NZ$655,000 to expand its building management platform, which optimizes energy use and improves sustainability in property management.
The protein innovation company Jooules raised NZ$1 million, setting the stage for growth in the sustainable food sector with its fermented proteins technology.
NextWork secured NZ$2.3 million in pre-Seed funding to further develop its e-learning platform, which is designed to enhance workplace training and skill development.
VXT, a telecommunications company, raised NZ$1.8 million in pre-Series A funding to improve its communication tools and services for businesses.
Starboard Maritime Intelligence secured NZ$5 million in Seed funding, fueling its development of software solutions for the maritime industry.
Marama Labs raised A$2.85 million in Seed funding, allowing the company to expand its innovative wine analysis technology.
Ideally raised NZ$2.15 million in a Seed round to further develop its customer insights platform, helping businesses make data-driven decisions.
NovoLabs secured $1 million to advance its UV disinfection technology, aimed at improving hygiene standards across industries.
Aglow raised A$1.25 million, providing a boost to its membership-based beauty services platform.
Tracksuit closed a successful NZ$22 million Series A funding round, a huge leap forward for its brand-tracking software.
ANDFOODS raised NZ$2.7 million in Seed funding to accelerate the production of its dairy alternative products, tapping into the growing plant-based food market.
Molecular farming company Miruku raised NZ$5 million in pre-Series A funding, furthering its mission to revolutionize food production.
HealthNow, a company providing employee benefits, raised NZ$3.4 million in its first funding round to enhance its services in workplace wellbeing.
Kry10, a cybersecurity company, raised NZ$6 million in pre-Series A funding, focused on protecting connected devices and critical infrastructure.
Neocrete secured NZ$6.5 million in Seed funding to scale its sustainable concrete solutions, reducing the environmental impact of construction.
Re-Leased raised a US$12.5 million round, cementing its position as a leader in cloud-based property management software.
These funding milestones not only represent individual company achievements but also showcase the vibrant and growing startup ecosystem in New Zealand. As these companies continue to innovate and expand, they are setting the stage for a promising future in sectors ranging from agritech and e-learning to telecommunications and molecular farming.
At Company Brew, we’re proud to support this thriving startup community by connecting talent with the innovative companies shaping tomorrow. If you’re looking to work at a company that’s driving change, check out our job listings to find your next opportunity in the startup or tech sector.