Even Capital
Venture capitalSeed–Growth
Investment thesis
Even Capital exists to close the funding gap that disadvantages female founders, who receive a disproportionately small share of global venture capital despite strong performance. Describing itself as the only female-founded, female-funded and female-focused growth-stage venture fund in Aotearoa New Zealand, it applies a gender-lens investment approach that prioritizes companies with women in their founding teams. Its investments are guided by values grounded in equality and environmental, social and governance responsibility. The fund backs women-led businesses across sectors and geographies, primarily in New Zealand and Australia, supporting them through growth-stage financing.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 18 of 19 portfolio companiesAI & Machine Learning ×5Consumer ×5Fintech ×3FoodTech ×3Medical Devices ×3SaaS ×3Biotech ×2Circular Economy ×2
HQs:New Zealand×4Australia×1
Investments · 19 tracked
founders shown can be your intro path2X Global is a membership network and field-building organisation for institutions that finance and invest in women, offering investor capacity-building, gender-smart investing certification and standards, and market mobilisation efforts.
FintechImpact & Social Good
Baymatob develops Oli, an AI-guided maternal and fetal monitoring platform, including Oli PPH, a device aimed at reducing postpartum hemorrhage, a leading cause of preventable maternal death.
AI & Machine LearningFemTechMedical Devices
Co-investorsScale InvestorsAlberts Impact VenturesPacific Channel
Better Packaging makes sustainable and compostable shipping supplies, such as poly mailers, for eCommerce brands.
Circular EconomyE-commerceNew Materials
Becs Percasky(Co-Founder)
Co-investorsGandel Invest
Dennisson develops AURAFLEX, a light-activated artificial muscle actuator platform that provides slim, silent linear motion without gearing.
Deep TechHardwareRobotics
Co-investorsOutset Ventures
New Zealand's largest crypto exchange offering secure digital asset trading and services for global crypto markets
Co-investorsGD1Nuance CapitalNZVC
Heatseeker is a platform that combines synthetic personas built from first-party customer data with live in-market experiments to validate messaging, pricing, and go-to-market strategies.
AdTechAI & Machine LearningMarketing TechBundall, AU
Rutger Coolen(Founder)Kate O'Keeffe(CEO)
Co-investorsEastend VenturesHearstLabTechstars
Multitudes is an engineering analytics platform that measures the impact of AI interventions on developer productivity, codebase quality, and team wellbeing, flagging risks like reduced code quality ("AI slop") in AI-generated changes.
AI & Machine LearningDeveloper ToolsSaaS
Co-investorsBlackbird VenturesFlying Fox Ventures
Odi (Norish) makes organic, wholefood-based baby and toddler food pouches and snacks, sold online with home delivery and through retail partners in New Zealand.
ConsumerDirect to ConsumerFoodTech
Orbis Diagnostics is developing a point-of-care diagnostics platform that produces blood test results from a single fingerstick of blood.
BiotechHealthtechMedical Devices
Co-investorsBooster Innovation FundNZ Growth Capital PartnersPacific ChannelBif
ReciMe is a mobile recipe organizer and meal planner that lets users store all their recipes in one app and automatically generate grocery lists ordered by supermarket aisle or by recipe.
ConsumerFoodTech
Christine Nguyen(Founder)inWill Kent(Founder)in
Co-investorsArtesianAlice Anderson FundTractor Ventures
RespirAq develops the RespirAq Active Humidifier System, a compact, battery-powered device that provides active heated humidification for mechanically ventilated patients without an external water supply, using a thermo-responsive smart material to capture and release moisture from the patient's breath.
HardwareHealthtechMedical Devices
Co-investorsMovacOutset Ventures
Sharesies is an online investment platform that lets retail customers buy, hold, and sell shares, cryptocurrencies, and managed portfolios, and offers KiwiSaver, savings, and spending accounts.
ConsumerCrypto & Web3Fintech
Co-investorsAmplo VenturesArc AngelsCreative HQ — The IncubatorIcehouse VenturesNZVCRogue Insight Capital+2 more
Woolchemy develops wool-based nonwoven and absorbent materials, such as its neweZorb product, for use in more sustainable personal hygiene and personal care products.
Circular EconomyConsumerNew Materials
Co-investorsBooster Innovation FundPacific Channel
Portfolio news
latest coverage across their companiesBetter Packaging Co · betterpackaging.com · Aug 5, 2026
Baymatob · news.gsmedtech.com · May 27, 2026
Orchestra · westchester.news12.com · May 16, 2026
Sharesies · nzherald.co.nz · Mar 21, 2026
Heatseeker · trysignalbase.com · Oct 25, 2025
PAM · arabfounders.net · Oct 10, 2025
Frequently asked questions
- How many investments has Even Capital made?
- Even Capital has 19 tracked investments.
- What stage does Even Capital invest at?
- Even Capital invests at the Seed, Series A, Series B, Growth stages.
- What sectors does Even Capital focus on?
- Even Capital focuses on Crypto & Web3, Digital Health, FemTech, Fintech, Healthtech, Impact & Social Good, Medical Devices, Sector Agnostic.
- Who does Even Capital co-invest with?
- Even Capital most often shares deals with Outset Ventures, Pacific Channel, Booster Innovation Fund, among 23 tracked co-investors.
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