Ngāi Tahu recruits Movac to boost its $40m-and-counting investments in tech start-ups

Technology Editor/Senior Business Writer·NZ Herald·28 Sep, 2026 07:00 PM3 mins to read‌Ngāi Tahu already has several direct tech investments, including nuclear fusion start-up OpenStar (whose "Junior" plasma test reactor is pictured) plus $35m invested in various Movac funds.Ngāi Tahu – the iwi economy’s second-largest player by assets – has recruited New Zealand’s biggest venture capital firm, Movac, to scout for tech investments and manage deals. Movac will lead the “sourcing, management, and execution of high-growth, disruptive investments” as the South Island tribe’s commercial