Funds

Our objective is to align a large and diverse community of investors to a common cause: investing in and supporting amazing New Zealand tech companies. A diverse community has diverse investment preferences and philosophies. To cater to this, we offer broad variety of fund strategies.
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IVX Fund I
OPEN  | Stage: Growth | 20-30 companies

IVX invests in established and emerging tech companies. Rather than investing in the earliest startup rounds, it begins investing in a small subset of startups that achieve commercial and technical milestones and successfully raise Series A rounds ($5m+).

First Cut Fund III
OPEN  | Stage: Early | Min: $50k | 20-30 companies

First Cut invests exclusively in founders under the age of 30. First Cut’s thesis is that you founders are closer to new trends, benefit from boundless ambition, and stretch capital further. First Cut primarily invests in Pre-Seed (<$1m) and Seed Rounds (<$5m).

Demo Day Fund III
OPEN  | Stages: Early & Growth | Min: $20k | 5-10 companies

Each year the Demo Day Fund invests in a small subset of the most well supported companies that present at the annual Demo Day event. The Demo Day Fund is an effective and efficient way to build a portfolio from a known selection of companies.

IV100
CLOSED  | Stages: Early & Growth | Min: $50k | 100 companies

IV100 co-invests alongside 100 startups led by Icehouse Ventures’ active funds, angels, and co-investors. IV100 provides unprecedented diversification and the opportunity to learn from, track, and invest further in individual companies.

ArcAngels
CLOSED  | Stage: Early | Min: $20k | 15-25 companies

ArcAngels invests exclusively in New Zealand startups with female leadership. International data supports the argument that female-led companies can do more with less and deliver better outcomes. Our experience so far supports this.

Flux
CLOSED  | Stage: Early | Min: $50k | 10-20 companies

Flux invests in brave founders from day one and is often the first investor. Flux takes a hands on approach to help budding startups to build & execute a plan, grow their team, and raise further capital.

Tuhua
CLOSED  | Stage: Early | Min: $50k | 30-40 companies

Tuhua is our primary active seed-stage fund. It leads rounds from $500k-$3m and co-invests with other prominent lead investors. Tuhua deploys most of its capital prior in the first few rounds raised by startups.

Eden
CLOSED  | Stages: Early & Growth | Min: $250k | 10 companies

Eden is an active early stage fund that invests in a concentrated portfolio of 10 companies. It takes a hands-on approach, prefers to lead rounds, and concentrates much of its capital in follow on rounds.

Outset
CLOSED  | Stage: Early | Min: $50k | 20-30 companies

Outset Ventures I is a deep tech fund in partnership with Outset, the home of Rocket Lab, Lanzatech, Mint Innovation, and many others and the only purpose built lab space of its kind in New Zealand.

IVX I
OPEN  | Pre Seed  |  Min. Investment $50,000

IVX is a later-stage fund, investing in companies at Series A-D. Leveraging access and information created by Icehouse Ventures’ early-stage funds, IVX is uniquely positioned to deploy capital into New Zealand’s most exciting scale-ups.

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First Cut III
OPEN  | Pre Seed - Series A |  Min. Investment $50,000

First Cut fund invests exclusively in founders under the age of 30. The First Cut thesis is built upon the idea that young founders are closer to new technology and benefit from unencumbered ambition. The fund invests primarily in the first rounds but can follow on to Series A.

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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.

Frequently Asked Questions

"For New Zealand to be successful we need more businesses scaling internationally. An active angel investor since 2015, I have built a portfolio of companies that are working on innovative solutions to address local and global issues from repurposing waste, to improving productivity using technology. Empowering our female founders to access capital is also a major focus."
Kirsty Reynolds
INVESTOR WITH ICEHOUSE VENTURES

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