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Venture Capital Funds

Access New Zealand's leading venture capital funds investing in high-growth companies

Showing 29 of 29 funds

MO
AIP EligibleVenture Capital

Motion Capital's second flagship venture fund, investing at Seed to Series A in technology enabling decarbonisation across food, energy and heavy industry, building on Fund I's portfolio and first realisations.

IC
AIP EligibleVenture Capital

Invests in New Zealand-founded technology companies raising growth-stage capital (Series A through Series D+), targeting a diversified portfolio of 20-30 high-growth companies across hardware, software, deep-tech, agritech and AI.

Fund Size

NZD $150M

Open Offers

1

GD
AIP EligibleVenture Capital

Managed investment scheme designed to capture the value creation of a targeted 7-10 existing GD1 growth-stage New Zealand technology portfolio companies across diverse verticals, each having achieved significant technical milestones or revenue scale since the early venture stage.

OU
AIP EligibleVenture Capital

Deep-tech venture capital fund (Series A/B) targeting NZ's most advanced deep-tech companies. Target 20%+ net IRR over fund lifetime; capital deployed over 3-5 years with follow-on reserves for high performers. Structured for professional + wholesale investors seeking AIP visa pathway. AIP Growth Category (NZTE 2025-12-23). Outset Ventures is a Sir Peter Beck-backed Rocket Lab era deep-tech firm (Fund II $41.5M closed 2025).

BM

Boston ME Economic Growth Fund

Boston ME

AIP EligibleVenture Capital

Wholesale-only AIP Growth investment vehicle deploying capital into NZ businesses across artificial intelligence, advanced manufacturing, fintech and other high-impact sectors. Structured to be compatible with Active Investor Plus visa eligibility.

MO
AIP EligibleVenture Capital

NZ$150-200M venture capital fund (minimum $150M, with potential for oversubscription to $250M) backing high-growth NZ technology companies with established management and ambition to scale globally past $100M revenue.

Open Offers

1

BO
Venture Capital

Early-stage NZ innovation and tech startups based on intellectual property with global potential. Focus: biotech, chemistry, physics, materials science, data analytics. Listed PIE on NZX (BIF).

Open Offers

1

AL
AIP EligibleVenture Capital

NZ$100M Venture Fund II (Altered Capital, $250M FUM / $1B FUA). Backs companies with product-market fit in technology, healthcare, and financial sectors. Fund I tracking gross IRR >40% (top decile). Founding team has delivered top-decile venture performance + distributions at scale in US and UK. AIP Growth pre-approved.

Fund Size

NZD $100M

PU
AIP EligibleVenture Capital

Series A & B in high-growth B2B companies - SaaS, Martech, Fintech

Fund Size

NZD $15M

BR
AIP EligibleVenture Capital

Deep-tech incubation in life sciences, medtech, cleantech, AI, and advanced sensors

Fund Size

NZD $25M

CU
AIP EligibleVenture Capital

Industry-backed agri-tech and agri-food fund targeting 15% IRR

Fund Size

NZD $30M

EV
AIP EligibleVenture Capital

Auckland-based venture capital firm founded 2024. Backs early-stage NZ ventures with execution-level management, strategic resource allocation, and revenue/fundraising support. Portfolio includes Simfuni, Runn, Spoke Network (B2B productivity + communication software). Leadership has 30 years experience in CPG, Media, Technology, Professional Services. AIP Growth pre-approved.

Fund Size

NZD $40M

GD
Venture Capital

$150M generalist fund investing in NZ early-stage technology companies going global

Fund Size

NZD $150M

GD
AIP EligibleVenture Capital

NZ-originated B2B tech venture fund (GD1 Fund 4). Pre-Seed to Series B, "global from day one" thesis. Target NZ$150M committed (Fund 3 was $150M oversubscribed, upper-quartile/decile global performance). AIP Growth pre-approved.

Fund Size

NZD $150M

GR
Venture Capital

Series A focus on globally scalable businesses across seven transformative themes

Fund Size

NZD $60M

Open Offers

1

IC
Venture Capital

~30 of NZ's leading high-growth technology companies at pre-seed to pre-Series A

Fund Size

NZD $50M

IC
AIP EligibleVenture Capital

20-40 impact seed stage technology companies amplifying global sustainability

Fund Size

NZD $35M

MK
AIP EligibleVenture Capital

Matū Karihi — open evergreen pre-seed/seed deep-tech fund focused on early-stage NZ science + technology. 13-company portfolio raised NZ$6M from wholesale investors with unrealised return >60% on deployed capital over 3 years. Wholesale only via FMCA Schedule 1.

Fund Size

NZD $25M

MT
AIP EligibleVenture Capital

Māori owned and led fund leveraging Māori economy for globally scalable tech

Fund Size

NZD $20M

MO
AIP EligibleVenture Capital

Early-stage climate-tech companies with global commercial potential

Fund Size

NZD $15M

PO
Venture Capital

Partnership with Icehouse Ventures investing in next generation financial innovation

Fund Size

NZD $30M

NC
Venture Capital

Auckland-based deep-tech VC (founded 2021). NZ$55M fund — cornerstone from NZGCP + Alvarium Investments. Series A/B focus (20% seed). Invests in advanced engineering, science, IP, blockchain, deep AI — solutions to global problems improving planet or way of living. AIP Growth pre-approved.

Fund Size

NZD $57M

NZ
AIP EligibleVenture Capital

Building on top 5% Fund 1 performance investing in ANZ founders at 50% lower valuations

Fund Size

NZD $50M

PC
AIP EligibleVenture Capital

NZ deep-tech venture capital fund (Fund III), pre-seed to Series A. NZ$50M+ committed (incl. $10M follow-on from Elevate NZ Venture Fund). Focus: companies developing ground-breaking innovation across health, food and environment. 20-year deep-tech specialist track record.

Fund Size

NZD $80M

QU
AIP EligibleVenture Capital

Quidnet Ventures Fund II — "The Discovery Fund". NZ$25M target, deep-tech early-stage focus across agritech, aerospace, cleantech, biotech, photonics, AI. Builds on Fund I (20+ investments, tracking top-quartile). Wholesale only (FMCA Schedule 1). AIP Growth pre-approved.

Fund Size

NZD $40M

RY
AIP EligibleVenture Capital

Venture studio fund building and validating earliest stage high-potential startups

Fund Size

NZD $15M

WN
AIP EligibleVenture Capital

NZ$35M target deep-tech venture fund (oversubscriptions available, $35-40M range). Seed to Series A investments in NZ deep-tech companies. Wholesale investors. AIP Growth pre-approved.

Fund Size

NZD $35M

20
AIP EligibleVenture Capital

Award-winning climate investor aiming for 25% IRR by backing companies mitigating 50M tonnes CO2-e before 2035

Fund Size

NZD $50M

Open Offers

1

20
AIP EligibleEvergreenVenture Capital

NZ's first and largest evergreen venture capital company. Total assets NZ$129M (31 Mar 2026) across 18 revenue-generating portfolio companies. Wholesale minimum NZ$50,000 via Catalist. Manager: 2040 Ventures Limited. AIP Growth pre-approved.

Fund Size

NZD $107M

Open Offers

1

Compare New Zealand Venture Capital Funds (29)

Listed alphabetically — Wholesale Investor does not sell placement in this comparison. Target returns and terms are set out (with the manager’s caveats) on each fund’s page.

FundManagerStructureAIPAccess
Altered Capital Venture Fund IIAltered CapitalClosed-endedAIP · growthWholesale only
Booster Innovation FundBoosterClosed-endedWholesale / retail
Boston ME Economic Growth FundBoston MEClosed-endedAIP · growthWholesale only
Brand Fund 2Previously UnavailableClosed-endedAIP · growthWholesale only
Bridgewest Venture Fund 1 LPBridgewest GroupClosed-endedAIP · growthWholesale only
Climate Venture Capital Fund 22040 VenturesClosed-endedAIP · growthWholesale only
Cultivate Ventures Limited PartnershipCultivate VenturesClosed-endedAIP · growthWholesale only
Ecliptic Venture Capital LPEcliptic Venture CapitalClosed-endedAIP · growthWholesale only
GD1 Fund 3 LPGD1Closed-endedWholesale only
GD1 Fund 4 LPGD1Closed-endedAIP · growthWholesale only
GD1 Select FundGD1Closed-endedAIP · growthWholesale only
Greenmount Capital New Economy Fund LPGreenmount CapitalClosed-endedWholesale only
Icehouse Ventures Growth Fund IIIIcehouse VenturesClosed-endedAIP · growthWholesale only
Icehouse Ventures Seed Fund IV LPIcehouse VenturesClosed-endedWholesale only
IV Sustainable Technology FundIcehouse VenturesClosed-endedAIP · growthWholesale only
Matū Karihi FundMatū KarihiClosed-endedAIP · growthWholesale only
Maūi Toa Fund 1Maūi ToaClosed-endedAIP · growthWholesale only
Motion CapitalMotion CapitalClosed-endedAIP · growthWholesale only
Motion Capital Fund II LPMotion CapitalClosed-endedAIP · growthWholesale only
Movac Growth 7MovacClosed-endedAIP · growthWholesale only
New Zealand Fintech FundPoint16Closed-endedWholesale only
Nuance Connected CapitalNuance Connected CapitalClosed-endedWholesale only
NZVC Fund 2NZVCClosed-endedAIP · growthWholesale only
Outset Momentum Fund IOutsetClosed-endedAIP · growthWholesale only
Pacific Channel Fund IIIPacific ChannelClosed-endedAIP · growthWholesale only
Punakaiki Fund2040 VenturesEvergreenAIP · growthWholesale only
Quidnet Ventures Fund IIQuidnet VenturesClosed-endedAIP · growthWholesale only
Ryft Fund ZeroRyftClosed-endedAIP · growthWholesale only
WNT Ventures Fund 4WNT VenturesClosed-endedAIP · growthWholesale only

“AIP” indicates the manager has told Wholesale Investor the fund is eligible for the Active Investor Plus visa — confirm against the official NZTE approved funds list.

AIP Visa Eligible VC Funds

Several venture capital funds qualify for New Zealand's Active Investor Plus visa program

Growth Category

VC funds investing in high-growth NZ companies qualify for the $5M growth category

Established Managers

Partner with experienced fund managers with proven track records in NZ market

Portfolio Support

Active involvement in portfolio companies through board positions and mentoring

Venture Capital Funds — FAQs

What is venture capital?

Venture capital (VC) is investment in early-stage, high-growth companies — typically technology or innovation businesses — in exchange for equity. In New Zealand, wholesale VC funds pool investor money and back a portfolio of startups over a fixed fund term, aiming for returns from a small number of companies that grow substantially or are acquired. It is long-term, illiquid and higher-risk than most asset classes.

Are New Zealand venture capital funds only for wholesale investors?

Most of the funds listed here are open to wholesale (also called eligible or sophisticated) investors only, under the exclusions in Schedule 1 of the Financial Markets Conduct Act 2013. You generally need to meet a wholesale-investor test before you can invest.

How is venture capital different from private equity?

Venture capital backs young, high-growth companies (often pre-profit) and expects most returns from a few big winners. Private equity typically buys established, profitable businesses, often using debt, and aims to improve them before sale. VC portfolios are earlier-stage and higher-variance; PE is later-stage and more cash-generative.

Can venture capital funds count towards the Active Investor Plus (AIP) visa?

Many NZ venture capital funds are structured to qualify as an acceptable managed fund for the Active Investor Plus visa Growth category. Funds flagged “AIP eligible” on this page have indicated that status to Wholesale Investor; always confirm current eligibility against the official NZTE Acceptable Managed Funds list before relying on it.

How risky and illiquid is venture capital?

Venture capital is among the highest-risk, least-liquid asset classes. Individual companies can fail entirely, capital is typically locked up for the fund’s term (often 7–10 years), and returns depend on a small number of successful exits. Your capital is at risk and returns are not guaranteed. Read each fund’s Information Memorandum and consider financial advice before investing.