Nuance Capital

Nuance Capital is a venture capital firm established in 2021 and located in Auckland, New Zealand. The firm specializes in investing in the deep technology sector, focusing on innovative companies that leverage advanced technologies to drive growth and transformation. Through its investments, Nuance Capital aims to support the development of cutting-edge solutions and foster advancements in technology-driven industries.

Mitali Purohit

General Partner

Past deals in New Zealand

Zenno Astronautics

Seed Round in 2024
Founded in 2017, Zenno Astronautics specializes in developing and manufacturing propulsion systems for small satellites. Its flagship product, Z01, utilizes superconducting technologies to meet demanding satellite positioning requirements, enabling efficient mission management and maximizing commercial returns.

Formus

Convertible Note in 2023
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.

Zenno Astronautics

Seed Round in 2022
Founded in 2017, Zenno Astronautics specializes in developing and manufacturing propulsion systems for small satellites. Its flagship product, Z01, utilizes superconducting technologies to meet demanding satellite positioning requirements, enabling efficient mission management and maximizing commercial returns.

Ubco

Series B in 2021
Ubco is a New Zealand-based company that designs, develops, and manufactures utility electric vehicles and portable power solutions for on- and off-road use. It offers dual electric-drive off-road motorbikes and a range of utility electric vehicles and portable power products for agricultural, commercial, and recreational applications. Ubco serves customers through a network of dealers and representatives in New Zealand and Australia and also sells online. Founded in 2015 and headquartered in Tauranga, Ubco provides a digitally connected utility electric vehicle platform that combines transport, portable power, accessories, and software, enabling farmers, conservationists, tourism operators, and delivery fleets to monitor performance and manage workflows from a single system.

Ubco

Venture Round in 2021
Ubco is a New Zealand-based company that designs, develops, and manufactures utility electric vehicles and portable power solutions for on- and off-road use. It offers dual electric-drive off-road motorbikes and a range of utility electric vehicles and portable power products for agricultural, commercial, and recreational applications. Ubco serves customers through a network of dealers and representatives in New Zealand and Australia and also sells online. Founded in 2015 and headquartered in Tauranga, Ubco provides a digitally connected utility electric vehicle platform that combines transport, portable power, accessories, and software, enabling farmers, conservationists, tourism operators, and delivery fleets to monitor performance and manage workflows from a single system.
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