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

$5M

Target Fund Size

31.0%

Past First Cut Fund Performance (IRR)

$40K

Min. Investment

Seed

Investment Stage

Open

Status

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.

Access

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.

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

CEO & FOUNDER OF PYPER VISION

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.