Nuance Capital
Venture capitalTakapuna, Auckland · Seed–Growth · 8 people tracked
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
What they invest in
from 10 of 15 portfolio companiesDeep Tech ×4Healthtech ×4AI & Machine Learning ×3Cleantech ×3Medical Devices ×3Biotech ×2Energy ×2Hardware ×2
HQs:New Zealand×3
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 Partners
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
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
Co-investorsEven CapitalGD1NZVC
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 provides an operating system (KOS) and platform built on the formally verified seL4 microkernel for developing, deploying, and managing mission-critical connected devices.
CybersecurityDeveloper ToolsIoT
Co-investorsFolklore VenturesNZ Growth Capital Partners
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 builds photonics and high-speed I/O test and measurement instruments that support product development, validation, characterization, and manufacturing.
Deep 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)Sergei Obruchkov(Co-founder & Co-CEO)Gyan Barik(Executive Director, Business Operations & Australia)Ziad Rouag(General Manager USA)Harry Marfatia(Head of Finance)
BoardSia Moussavi(Board Chairman)
Co-investorsBooster Innovation FundCure Kids VenturesOutset VenturesPacific Channel
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.
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