NZ startups surging in 2025: anomaly or new normal?

(Image: Getty)

Wed, 25 Jun 2025

The midpoint of 2025 finds New Zealand’s startup scene in fine form. In the last two months Tracksuit, Projectworks, and Halter have each closed major funding rounds – Halter’s $165 million Series D at a unicorn valuation, Tracksuit’s $42m Series B raise to fuel global expansion, and Projectworks’ $25m Series A, one of the largest for a Kiwi tech firm.That’s $217m raised across just these three deals. Not bad in a depressed economy where the only other green shoots seem to be in the form of rising c...

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