Contact WebFund or email any of our partners directly on
Engineering Start-up Success
WebFund's Dave Moskovitz talks about our new model for start-up investment in the New Zealand Venture Investment Fund's Young Company Finance publication.
WebFund's disrupts the music industry

Iconic NZ indie rock band, The Mint Chicks sent their major label Warner packing last December, and signed up with NZ start-up to launch their new EP “Bad Buzz”. The Mint Chicks will take their music directly to where their fans are, on the web.

WebFund's appoints CEO to prepare for global roll out

WebFund's appoints CEO to prepare for global roll out., the award-winning kiwi online start-up for dads has appointed Wellington businessman Jeff Smith as their new CEO. The appointment is in line with DIYFather's growth strategy to roll out several innovative pilot programmes worldwide. More information.


Smashwords Acquires BookHabit

LOS GATOS, Calif. and WELLINGTON, New Zealand, 20 November (NZDT) -- Silicon Valley based Smashwords, Inc. has acquired Wellington New Zealand company BookHabit Limited, consolidating Smashwords' position as the world's premier ebook publishing and distribution platform for independent authors and publishers.

BookHabit was founded in 2008 as an ebook publishing platform for independent authors. During that time, BookHabit developed relationships with 340 authors who collectively published over 600 books.

Smashwords launched in May, 2008. Today, the fast-growing service publishes over 4,700 ebooks from 2,100 independent authors and publishers around the world. In the last several weeks, Smashwords has opened new distribution channels for indie authors and publishers by announcing distribution relationships with major online retailers Shortcovers, Sony and Barnes & Noble.

"I'm pleased to welcome BookHabit authors and readers to the Smashwords family," said Mark Coker, founder of Smashwords. "This acquisition boosts our international base of authors, ebooks and customers. We look forward to helping BookHabit authors gain access to our worldwide distribution network."

"This acquisition benefits the BookHabit author community by offering broader sales and distribution opportunities, especially in North America," said Clare Tanner, founder of BookHabit. "Smashwords makes it fast and easy for authors to publish multi-format ebooks, readable on all the popular e-reading devices. I'm pleased to help our authors take full advantage of the free publishing, marketing and distribution tools offered by Smashwords."

Smashwords purchased the assets of BookHabit for an undisclosed cash sum. Smashwords and BookHabit will immediately begin migrating BookHabit's authors, books and customers over to the Smashwords platform. BookHabit authors, as with Smashwords authors, will continue to retain all ownership and copyright to their books, and are under no obligation to migrate their books to Smashwords.

BookHabit authors who wish to migrate their books to Smashwords are encouraged to carefully read and implement the formatting requirements of the Smashwords Style Guide, a link to which can be found at and should also study the requirements for distribution at

About BookHabit

BookHabit was founded in 2008 by Clare Tanner, an entrepreneur and avid reader. BookHabit's mission was to give published and unpublished writers a conduit to the reading world, and give readers access to new, undiscovered writers. BookHabit was funded by WebFund, an online business incubator / angel investment firm in Wellington, New Zealand. Visit BookHabit at

About Smashwords, Inc.

Launched in 2008, Smashwords is a publisher and distributor of multi-format ebooks. The free Smashwords ebook publishing platform puts authors and publishers in full control over the pricing, sampling and distribution of their works. Authors and publishers receive up to 85 percent of the net proceeds from sales of their works. Smashwords books are distributed via leading online retailers such as Shortcovers, Sony and Barnes & Noble, and across all mobile smart phone platforms via e-reading apps such as Stanza, Shortcovers, Aldiko and Word Player. Smashwords, Inc. is based in Los Gatos, California, and can be reached on the web at Visit the official Smashwords blog at For frequent Smashwords updates, follow Smashwords' founder, Mark Coker, on Twitter at @markcoker

DIY Father attracts huge Twitter following

DIY Father has the second largest Twitter following of any New Zealand company, according to the NZ Herald and Search Engine Optimisation company FirstRate. Grant Osborne, FirstRate's Director of Search and Performance says that 

[DIY Father's] Twitter stream is "conversational and functional... While the tweets cover a range of topics, they relate to a well-defined community."

Follow DIY Father on Twitter to experience it firsthand.

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