Nuance Capital
Venture capitalTakapuna, Auckland · Seed–Growth · 8 people tracked
Find your way into Nuance Capital
1,108 people in our graph share verified history with the Nuance Capital team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Nuance Capital is a diversified fund focused primarily on Series A and Series B investments, with roughly 20% allocated to seed. It aims to bridge New Zealand (Kiwi) entrepreneurs to global markets. The firm targets purpose-driven ventures addressing global problems that improve the planet or how people live, alongside deep tech opportunities spanning advanced engineering, science, intellectual property, blockchain, and deep AI. It emphasizes supporting founders beyond capital by investing in people.
Source: firm website, verified Aug 3, 2026.
Team · 8 people
from the firm's website
Founder mafia
2 people who came through Nuance Capital went on to found or lead other companies.
What they invest in
from 10 of 15 portfolio companiesDeep Tech ×5AI & Machine Learning ×4Healthtech ×4Cleantech ×3Medical Devices ×3Biotech ×2Energy ×2Hardware ×2
HQs:New Zealand×3United States×1
Investments · 15 tracked
founders shown can be your intro pathAdvemto maps complex cell function to genetic sequences at scale without requiring new laboratory instruments.
BiotechDeep Tech
Co-investorsBooster Innovation FundNZ Growth Capital PartnersEnterprise Angels
Aurogenic has developed technology to recover high-value metals, including precious metals such as gold, from waste brine at geothermal power stations, integrating with new and existing geothermal plants.
CleantechEnergyNew Materials
Co-investorsArc AngelsIcehouse VenturesOutset Ventures
EnergyBank develops a system to firm floating offshore wind at the turbine, enabling co-location of compute modules with power generation and avoiding grid connections through high-seas siting and direct ocean cooling.
CleantechClimate TechEnergy
Tim Hawkey(Founder)inAaron Johnson(Founder)in
Co-investorsBlackbird VenturesOutset Ventures
A single pessary intravaginal ring combining mechanical support and hormone delivery to treat pelvic organ collapse and genitourinary syndrome of menopause.
New Zealand's largest crypto exchange offering secure digital asset trading and services for global crypto markets
Janine Grainger(Founder)in
Co-investorsEven CapitalGD1NZVC
Formus Labs develops software and tools for orthopedic surgery and musculoskeletal care, serving surgeons and clinical practitioners.
AI & Machine LearningDigital HealthHealthtechMedical DevicesAuckland, NZ
Ju Zhang(Founder, Chief Executive Officer)inProf Thor Besier(Co-founder, Chief Scientific Officer)A/Prof Justin Fernandez(Co-founder, Science Advisor)Antonije Velevski(Co-founder, former senior software engineer)in
Formus Labs develops software for orthopaedic surgery, applying AI and algorithmic modeling to support surgical planning for hip and knee procedures.
AI & Machine LearningHealthtechMedical DevicesAuckland, NZ
Ju Zhang(Founder & CEO)inThor Besier(Co-founder & Chief Scientific Officer)inAntonije Velevski(Co-founder, former senior software engineer)inJustin Fernandez(Co-founder, Science Advisor)inSarah Wixon(Head of Finance)inMarco Schneider(Head of Product and Research)in
Co-investorsCure Kids VenturesGD1NZ Growth Capital PartnersPacific ChannelPunakaiki Fund
Co-investorsAfterWork VenturesNZ Growth Capital PartnersPacific ChannelPunakaiki Fund
Kry10 develops the Kry10 Operating System (KOS), a secure operating system and management environment for internet-connected devices that need secure communications, controls, and flexible management.
CybersecurityDeep TechDeveloper ToolsIoT
Jason Fox(VP Alliances)inBoyd Multerer(CEO/CTO)inKent McLeod(VP Engineering)in
Co-investorsFolklore VenturesNZ Growth Capital PartnersIn-Q-TelMovac
DermaLayr develops a transdermal delivery platform using ultrafine bioactive nanofibres to enable active ingredients to penetrate deeper into skin.
BiotechDeep TechHealthtechNew MaterialsWellness & Fitness
Co-investorsArc AngelsIcehouse Ventures
Quantifi Photonics develops test and measurement instruments for photonics applications, including coherent optical communication solutions, sampling oscilloscopes, laser sources, optical switches, spectrum analyzers, and related components for high-volume manufacturing and R&D laboratories.
AI & Machine LearningDeep TechHardwareSemiconductors
Co-investorsNZ Growth Capital PartnersPacific ChannelPunakaiki Fund
UBCO builds fully electric two-wheel-drive utility motorbikes for on-road and off-road use, serving individual riders and large-scale fleets.
CleantechHardwareMobility & Transportation
Wellumio develops axana®, a portable, energy-efficient MRI system based on its Pulsed Gradient Free Mapping (PGFM) technology, designed to detect acute stroke quickly in front-line care settings.
AI & Machine LearningDeep TechHealthtechMedical Devices
Shieak Tzeng(Co-founder & Co-CEO)inSergei Obruchkov(Co-founder & Co-CEO)inGyan Barik(Executive Director, Business Operations & Australia)inZiad Rouag(General Manager USA)Harry Marfatia(Head of Finance)in
BoardSia Moussavi(Board Chairman)
Co-investorsBooster Innovation FundCure Kids VenturesOutset VenturesPacific ChannelIcehouse VenturesNZ Growth Capital Partners
Portfolio news
latest coverage across their companiesWellumio · biopharmaboardroom.com · Jul 27, 2026
Frequently asked questions
- How many investments has Nuance Capital made?
- Nuance Capital has 15 tracked investments.
- What stage does Nuance Capital invest at?
- Nuance Capital invests at the Seed, Series A, Series B, Growth stages.
- What sectors does Nuance Capital focus on?
- Nuance Capital focuses on AI & Machine Learning, Crypto & Web3, Deep Tech, Impact & Social Good.
- Where is Nuance Capital located?
- Nuance Capital is headquartered in Takapuna, Auckland, NZ.
- Who does Nuance Capital co-invest with?
- Nuance Capital most often shares deals with NZ Growth Capital Partners, Pacific Channel, Outset Ventures, among 14 tracked co-investors.
Images
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