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Projectworks secured NZD $25 million in a Series A funding round, led by Ten Coves Capital, to bolster its US expansion efforts and enhance product development.

PRIVATEAug 26, 2026•about 4 hours ago

Amount Raised

$25 Million

Round Type

Series A

New Zealand

Investors

Punakaiki FundBridgewest GroupTen Coves Capital

Description

Projectworks has announced a NZD $25 million Series A funding round to support its expansion in the United States. New investor Ten Coves Capital joined existing shareholders Bridgewest Group and Punakaiki Fund in this investment. The funds will be used to enhance product development aimed at professional services businesses. The company aims to strengthen its presence in the rapidly growing market for consulting software.

Company Information

Company

Projectworks

Location

New Zealand

About

Projectworks is a New Zealand tech startup focusing on international expansion and providing innovative solutions for global development. The company has achieved consecutive years of growth surpassing 100% and is actively hiring new team members across the United States, New Zealand, and Australia.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Projectworks raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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