Punakaiki

Punakaiki Fund Limited, established in 2013 and based in Auckland, New Zealand, is a venture capital firm that specializes in making long-term investments in high-growth, revenue-generating companies. The firm focuses primarily on the information technology sector, particularly in software as a service. With a portfolio of 20 investments and assets totaling $32.3 million, Punakaiki aims to support the growth of New Zealand's innovative businesses. The company is dedicated to identifying and nurturing early-stage opportunities, contributing to the development of the local technology landscape.

Nadine Hill

Partner and Senior Investment Manager

Ben Kay

CFO

Jez Weston

Partner

Rohan MacMahon

Partner

28 past transactions

Projectworks

Series A in 2024
Projectworks is a developer of professional services software that focuses on enhancing business management for project-driven organizations. The platform enables users to track and record time spent on projects, manage project invoicing, and make informed scheduling decisions. It offers tools for project tracking, budget reconciliation, and revenue forecasting, allowing companies to gain insights into resource management and recoverability. By streamlining these processes, Projectworks aims to improve operational efficiency, enabling businesses to allocate their time and resources more effectively and concentrate on key activities that drive success.

Projectworks

Seed Round in 2022
Projectworks is a developer of professional services software that focuses on enhancing business management for project-driven organizations. The platform enables users to track and record time spent on projects, manage project invoicing, and make informed scheduling decisions. It offers tools for project tracking, budget reconciliation, and revenue forecasting, allowing companies to gain insights into resource management and recoverability. By streamlining these processes, Projectworks aims to improve operational efficiency, enabling businesses to allocate their time and resources more effectively and concentrate on key activities that drive success.

MOBI

Series C in 2022
MOBI is a prominent digital ordering and engagement platform catering to restaurants and hospitality businesses globally. Established in 2005 and headquartered in Wellington, New Zealand, with an additional office in Melbourne, Australia, the company provides an online and mobile ordering system that enhances the customer experience. MOBI's comprehensive solutions aim to increase revenue, reduce in-store wait times, and foster brand loyalty. The platform seamlessly integrates with existing websites and operating systems, optimizing daily workflows for food service businesses through delivery integrations and customer data analytics. By enabling businesses to accept orders directly into their point-of-sale systems, MOBI helps them save time and enhance operational efficiency.

Formus

Seed Round in 2022
Formus is a technology company focused on enhancing personalized orthopedics through advanced AI and computational biomechanics. Founded on two decades of research at the Auckland Bioengineering Institute, the company has developed a 3D pre-operative planning platform that is cleared by regulatory agencies in key markets. This technology has been utilized in over 3,000 hip replacement surgeries across more than 25 medical facilities in Australia, New Zealand, Japan, and the United States. Formus's platform utilizes an interactive, AI-driven system to customize workflows for orthopedic procedures, allowing for precise selection and placement of implants tailored to individual patients. By collaborating with implant manufacturers and integrating with existing industry workflows, Formus aims to improve surgical outcomes while enhancing efficiency and scalability in orthopedic practices.

Whip Around

Series B in 2021
Whip Around is a fleet maintenance software company founded in 2016, dedicated to enhancing the efficiency and uptime of vehicles and equipment. The company operates an online platform that simplifies the inspection and maintenance process by facilitating connections among drivers, mechanics, and fleet managers. Whip Around's user-friendly system eliminates the need for cumbersome hardware or lengthy contracts, providing powerful checklists that help clients maintain compliance and effectively manage inspection records, faults, and maintenance schedules. This innovative approach aims to streamline fleet management and ensure that vehicles remain operational.

MOBI

Series B in 2021
MOBI is a prominent digital ordering and engagement platform catering to restaurants and hospitality businesses globally. Established in 2005 and headquartered in Wellington, New Zealand, with an additional office in Melbourne, Australia, the company provides an online and mobile ordering system that enhances the customer experience. MOBI's comprehensive solutions aim to increase revenue, reduce in-store wait times, and foster brand loyalty. The platform seamlessly integrates with existing websites and operating systems, optimizing daily workflows for food service businesses through delivery integrations and customer data analytics. By enabling businesses to accept orders directly into their point-of-sale systems, MOBI helps them save time and enhance operational efficiency.

Core Schedule

Seed Round in 2020
Core Schedule is a developer of cloud-based roster software specifically designed for the scheduling and management of healthcare staff. The software allows healthcare organizations to efficiently forecast costs and staff shortages, generate comprehensive reports, and identify trends relevant to their operations. Tailored to meet the specific needs of various organizations, Core Schedule also offers full training and ongoing support to its users. By addressing common challenges such as shift swaps, cancellations, and leave requests, the company enables healthcare organizations to save time and reduce errors in managing complex staff schedules.

MOBI

Seed Round in 2019
MOBI is a prominent digital ordering and engagement platform catering to restaurants and hospitality businesses globally. Established in 2005 and headquartered in Wellington, New Zealand, with an additional office in Melbourne, Australia, the company provides an online and mobile ordering system that enhances the customer experience. MOBI's comprehensive solutions aim to increase revenue, reduce in-store wait times, and foster brand loyalty. The platform seamlessly integrates with existing websites and operating systems, optimizing daily workflows for food service businesses through delivery integrations and customer data analytics. By enabling businesses to accept orders directly into their point-of-sale systems, MOBI helps them save time and enhance operational efficiency.

MOBI

Series A in 2018
MOBI is a prominent digital ordering and engagement platform catering to restaurants and hospitality businesses globally. Established in 2005 and headquartered in Wellington, New Zealand, with an additional office in Melbourne, Australia, the company provides an online and mobile ordering system that enhances the customer experience. MOBI's comprehensive solutions aim to increase revenue, reduce in-store wait times, and foster brand loyalty. The platform seamlessly integrates with existing websites and operating systems, optimizing daily workflows for food service businesses through delivery integrations and customer data analytics. By enabling businesses to accept orders directly into their point-of-sale systems, MOBI helps them save time and enhance operational efficiency.

Quantifi Photonics

Series A in 2017
Quantifi Photonics Limited, formerly known as Coherent Solutions Ltd, is a New Zealand-based company that specializes in developing and manufacturing test and measurement solutions for the optical communications market. Incorporated in 2012 and headquartered in Auckland, the company provides a wide range of optical test and measurement equipment essential for the production of fiber optic communication systems, modules, and components. Its product offerings include modular optical test platforms, tunable laser sources, optical-electrical converters, variable optical attenuators, inline and terminating power meters, and polarization controllers. Additionally, Quantifi Photonics delivers coherent communication solutions such as optical modulation analyzers, transmitters, automatic bias controllers, and coherent receiver testers, as well as optical pulse analysis instruments. The company’s innovative solutions cater to both manufacturing and research applications, supporting engineers and researchers in the characterization and testing of optical technologies.

Hayload

Seed Round in 2016
Hayload Co. is a New Zealand-based company that offers a paperless management solution tailored for the global agricultural contracting industry. The company's platform is designed to streamline job management and administrative processes, thereby enhancing operational efficiency. By leveraging modern technology, Hayload enables agricultural businesses to reduce administration hours and improve team connectivity. In addition to its core management services, the platform includes tractor management capabilities, allowing users to efficiently track job-related information. Hayload's aim is to support the development of more effective agricultural businesses through innovative management solutions.

ThisData

Angel Round in 2015
ThisData is a software company founded in 2014 and based in the United States, specializing in data security solutions. The company focuses on preventing account takeover attacks by identifying and monitoring access to sensitive information. Its services utilize a unique anomaly detection engine and machine learning algorithms to create behavioral profiles of users, enabling real-time detection of unusual login activities. When suspicious activity is detected, ThisData automatically sends notifications to users, asking, “Was this you?” This proactive approach helps organizations mitigate risks associated with phishing, brute force, and social engineering attacks, ultimately protecting against unauthorized access, data theft, and potential revenue loss.

Raygun

Venture Round in 2014
Raygun Limited, established in 2007 and headquartered in Wellington, New Zealand, specializes in developing a comprehensive crash reporting software solution for web and mobile applications. The company's core business involves providing real-time error tracking and monitoring services, offering actionable insights into issues affecting application performance. Raygun automatically captures detailed diagnostics for each error occurrence, including stack traces, methods, functions, class names, data, operating systems, devices, browsers, locations, and hosts. It also tracks user sessions and highlights areas for improvement in application performance. Additionally, Raygun offers software intelligence e-books to educate businesses on the benefits of adopting a software intelligence platform within their development teams. The company caters to developers, project managers, business owners, and service companies worldwide.

MOBI

MOBI is a prominent digital ordering and engagement platform catering to restaurants and hospitality businesses globally. Established in 2005 and headquartered in Wellington, New Zealand, with an additional office in Melbourne, Australia, the company provides an online and mobile ordering system that enhances the customer experience. MOBI's comprehensive solutions aim to increase revenue, reduce in-store wait times, and foster brand loyalty. The platform seamlessly integrates with existing websites and operating systems, optimizing daily workflows for food service businesses through delivery integrations and customer data analytics. By enabling businesses to accept orders directly into their point-of-sale systems, MOBI helps them save time and enhance operational efficiency.

RedSeed

RedSeed Ltd is a training company specializing in online retail education aimed at enhancing sales and improving customer experiences. Established in 2008 and headquartered in Christchurch, New Zealand, with an additional office in Darlinghurst, Australia, RedSeed offers a range of courses focused on customer service, retail sales, retail coaching, and retail recruitment. The company utilizes a blended learning approach, combining various training methodologies to effectively change behaviors and deliver measurable results for its clients.

Couchdrop

Couchdrop is your next-generation cloud SFTP and MFT platform. Through acting as your conduit between systems or clients to your cloud storage backend, Couchdrop saves time by automating file workflows and ensuring its scalable infrastructure removes the headache from your engineering team. Couchdrop's detailed enterprise grade auditing and logging provides more granularity and traceability on your file transfers and file operations. Couchdrop supports the likes of SharePoint, Dropbox, S3, Azure Blob storages which provides you full control and visibility of your data at rest and means Couchdrop does not store or sync data at any stage of the process. Real-time file transfer like it should be.

RedSeed

RedSeed Ltd is a training company specializing in online retail education aimed at enhancing sales and improving customer experiences. Established in 2008 and headquartered in Christchurch, New Zealand, with an additional office in Darlinghurst, Australia, RedSeed offers a range of courses focused on customer service, retail sales, retail coaching, and retail recruitment. The company utilizes a blended learning approach, combining various training methodologies to effectively change behaviors and deliver measurable results for its clients.

ONCE'IT

ONCE’IT is the one stop destination for luxury fashion and accessories, better yet, it’s all at insider prices. ONCE’IT gives members access to hand selected ranges from exclusive brands that rarely sell online or discount their product. Instantly shop New Zealand’s most sought-after premiere designers in fashion, accessories, home decor & more. Featuring a covetable range of sales launching daily.

Conqa

Conqa Ltd is a company that specializes in developing quality assurance software tailored for the construction industry. Founded in 2012 and headquartered in Auckland, New Zealand, Conqa provides a web-based platform and a mobile application that streamline the quality assurance process for construction companies. Its software allows site engineers and project managers to efficiently create project breakdowns, conduct onsite inspections, and monitor progress in real-time, thereby enhancing accessibility to critical information. Conqa offers various packages specifically designed for commercial, infrastructure, and home builders, aiming to eliminate the complexities associated with traditional paper-based systems. By digitizing the quality check process, the company enables clients to improve productivity and profitability in their construction projects.

Raygun

Raygun Limited, established in 2007 and headquartered in Wellington, New Zealand, specializes in developing a comprehensive crash reporting software solution for web and mobile applications. The company's core business involves providing real-time error tracking and monitoring services, offering actionable insights into issues affecting application performance. Raygun automatically captures detailed diagnostics for each error occurrence, including stack traces, methods, functions, class names, data, operating systems, devices, browsers, locations, and hosts. It also tracks user sessions and highlights areas for improvement in application performance. Additionally, Raygun offers software intelligence e-books to educate businesses on the benefits of adopting a software intelligence platform within their development teams. The company caters to developers, project managers, business owners, and service companies worldwide.

Astute Access

Astute Access is a developer of enterprise smart lock technology focused on enhancing security and access management for organizations. The company offers a robust, scalable access control solution through its cloud-based platform, which provides real-time monitoring and integration capabilities. By eliminating the need for physical credentials, Astute Access enables commercial enterprises to secure their assets effectively while streamlining operations and improving overall safety.

Conqa

Conqa Ltd is a company that specializes in developing quality assurance software tailored for the construction industry. Founded in 2012 and headquartered in Auckland, New Zealand, Conqa provides a web-based platform and a mobile application that streamline the quality assurance process for construction companies. Its software allows site engineers and project managers to efficiently create project breakdowns, conduct onsite inspections, and monitor progress in real-time, thereby enhancing accessibility to critical information. Conqa offers various packages specifically designed for commercial, infrastructure, and home builders, aiming to eliminate the complexities associated with traditional paper-based systems. By digitizing the quality check process, the company enables clients to improve productivity and profitability in their construction projects.

Quantifi Photonics

Quantifi Photonics is a telecommunications equipment supply company that focuses on photonics test and measurement services. It develops products aimed at addressing complex challenges in various photonics applications and industries. The company's offerings are utilized for optical semiconductor testing, coherent optical communications, hypervelocity measurements, and optical communication. By harnessing, manipulating, and measuring the physical properties of light, Quantifi Photonics enables industries to effectively tackle intricate testing and measurement requirements.

Conqa

Conqa Ltd is a company that specializes in developing quality assurance software tailored for the construction industry. Founded in 2012 and headquartered in Auckland, New Zealand, Conqa provides a web-based platform and a mobile application that streamline the quality assurance process for construction companies. Its software allows site engineers and project managers to efficiently create project breakdowns, conduct onsite inspections, and monitor progress in real-time, thereby enhancing accessibility to critical information. Conqa offers various packages specifically designed for commercial, infrastructure, and home builders, aiming to eliminate the complexities associated with traditional paper-based systems. By digitizing the quality check process, the company enables clients to improve productivity and profitability in their construction projects.

Orah

Orah is a student management platform that provides solutions for student engagement, attendance, and student tracking.

Devoli

Devoli Limited, established in 2008 and based in Auckland, New Zealand, specializes in network automation tools for Internet service providers and channel partners. Its product suite includes Vumeda and Granulier (Internet service portals), Articulor (voice service), Cephor (automation platform), and Vorsper (global network solution). Devoli differentiates itself by maintaining its own International Data Network, ensuring high-quality, reliable services at competitive costs. The company's tools enable clients to create new revenue streams by selling voice, data, and internet services without increasing headcount or staff training, leveraging their brand and audience for a high-margin telecommunications business.

Get Home Safe

Get Home Safe is a personal and worker safety app that delivers real time assurance and information on health and safety.
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