First Cut III

Young founders are closer to new trends, harness boundless ambition, and stretch small amounts of capital further. First Cut exists to back them.
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First Cut Introduction
Target Fund Size
Past First Cut Fund Performance (IRR)
Min. Investment
Investment Stage

Who will shape the future of New Zealand?
Young entrepreneurs who aren't content to wait.

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Why First Cut Fund III?

First Cut III is a fund for investors who are interested in backing aspirational young entrepreneurs building iconic and globally impactful companies. First Cut offers:
A portfolio 20-30 companies founded by entrepreneurs under 30.
Immersive two-monthly reporting.
Access to our Online Investor Portal.
Invitations to annual dinners and our Showcase.
Icehouse Ventures' is NZ's most active seed stage investor. Our activity helps uncover new founders first and navigate the ambiguity of backing startups at the outset. First Cut's previous funds accessed the early rounds of Ethique, Spalk, Halter, Sharesies, and Dawn Aerospace.
Values Aligned
First Cut, and the founders we back, are on a mission to define the future of NZ of our planet whether they're decarbonising energy systems, enabling cleaner farming, ridding the world of plastic, or democratising financial security. First Cut backs the next generation of founders to improve the lives of the entire next generation globally.
Impactful Support
Icehouse Ventures' leverages the scale of our team, investor and founder communities, and existing portfolio to empower young founders. We augment their journey with best-practice templates, examples, perks, resources and a large, engaged and relevant community that support founders to thrive.

Interested in learning more?

Past First Cut Funds Investments

“As a first time deep tech entrepreneur, I’ve valued having a partner like Icehouse Ventures. They hosted me at their Showcase, supported me with First Cut, led my $700k seed round, and helped me connect with key target customers."
Emily Blythe

Icehouse Ventures Investor Portal

Monitor your portfolio, read company updates and download investment statements. You can check your portfolio any time. The Icehouse Ventures investor portal brings professional investor-grade portfolio analysis to the early-stage asset class.