Fundraising Fox

Nuance Capital

Venture capital

Takapuna, Auckland · Seed–Growth · 8 people tracked

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Investment thesis

Nuance Capital is a diversified fund focused primarily on Series A and Series B investments, with roughly 20% allocated to seed stage. It aims to bridge New Zealand entrepreneurs to global opportunities and invests in solutions to global problems that improve the planet or people's lives. The firm targets deep tech areas including advanced engineering, science, intellectual property, blockchain and deep AI, and emphasizes supporting founders beyond just providing capital.

Source: firm website, verified Aug 2, 2026.

Stage
Seed–Growth
HQ
Takapuna, Auckland, NZ
Instruments
Equity
Tracked investments
2

Team · 8 people

from the firm's website
Mitali Purohit· General Partnerin

Brings public and private sector experience in early-stage deeptech commercialisation. Previously led the $150M Technology Incubator Programme at Callaghan Innovation and established the ArcAngels Fund at Icehouse Ventures; a supporter of female entrepreneurship.

Ngaio Merrick· Managing Partner

Founder of Nuance Capital with a people-first ethos, focused on supporting founders building deep-tech solutions to global problems. Previously managed the investment portfolio for Sir David Levene.

Adrien Gheur· Advisor

Co-founder of Nuance Connected Capital and Maloekoe Ventures, formerly at Goldman Sachs and an Edmund Hillary Fellow.

Andrew Williams· Managing Director, Alvarium (Cornerstone Investor)in

Managing director across Alvarium's business streams (a cornerstone investor) and co-founder of Alvarium global. Also Chair of The Prince's Trust NZ.

Matthew White· Financial Strategistin

A financial and investment executive with fund management and M&A experience in NZ and abroad. Recently served as CFO of a NZ high-tech start-up and previously worked in early-stage and private equity investments.

Michelle Dickenson· Advisor

Founder of Nanogirl Labs, a nanotechnologist and materials engineer serving as scientific advisor.

Nathan Bryant - Taukiri· Advisor

Angel investor, tech recruitment leader, and growth strategist and advisor.

Randy Komisar· Advisor

General Partner at Kleiner Perkins, co-founder of Claris, and former CEO of Lucas Arts Entertainment.

Investments · 2 tracked

founders shown can be your intro path
E-Leviate

A single pessary intravaginal ring combining mechanical support and hormone delivery to treat pelvic organ collapse and genitourinary syndrome of menopause.

Formus Labs

AI-powered biomechanical modelling software that automates pre-operative planning in orthopaedic surgery, enabling faster planning and surgeries and better patient outcomes.

Frequently asked questions

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.

Images

Nuance Capital photo

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