An actively managed, late stage venture fund


Become an investor

Invest in the next cohort of iconic companies scaling from Aotearoa NZ

Growth Fund II is an actively managed, late-stage venture fund that invests in emerging, privately held, NZ tech companies. The target companies are typically 5+ years old with teams of >50, unique competitive advantages, and millions in revenue.

Growth Fund II is a mechanism to tap into the proprietary deal flow of Icehouse Ventures, the most active venture investor in the country, and participate in an asset class that is local, aspirational, high-growth and impactful. Generate KiwiSaver, Hobson Wealth, Sir Stephen Tindall, and >250 Kiwi business leaders and families have committed $85m to date.

Open to wholesale investors only. Not sure what that means? Click here.


Target fund size


Portfolio size


Investment stage


Min. investment


Investors only

Growth Fund II investors receive:

A portfolio of 20-30 high-growth NZ tech companies
Immersive bi-monthly reporting, and real-time updates/news from portfolio companies
Invitations to all marquee Icehouse Ventures events
Access to our proprietary investor portal
Priority co-investment opportunities into selected portfolio companies

Interested in investing?

If you would like to learn more about Growth Fund II, leave your details and one of our Icehouse Ventures team will be in touch.

The strategic advantage

Growth-stage companies come from a single source: early-stage companies. The journey from early-stage to growth-stage typically takes over 3 years, and those thriving after this time are highly sought-after investment opportunities.

Growth Fund II is specifically advantaged by Icehouse Ventures being NZ's most active early-stage investor for many years. Investing in Growth Fund II means you benefit from Icehouse Ventures’:

  • Proprietary insights about the performance of startups
  • Advanced knowledge of the timing of their rounds
  • Relationships with founders built over many years
  • Legal rights to continue investing in growth stage rounds

That unique insights, relationships and pre-emptive rights can secure access and allocation to rising stars was well-validated during the deployment of our first $110m growth fund, which invested in Halter, LawVu, Hnry, ArchiPro, Sharesies, Dawn Aerospace, and First AML among others.

Become an investor

Growth Fund I Companies

As an example of the growth-stage companies Growth Fund II is positioned to support, check out 6 of the 32 companies our first growth-stage fund has backed.


Unlocking more productive & sustainable farming through solar-powered smart cow collars.

Crimson Education

Helping students across the globe carve a path into the best US & UK universities.


Changing the way companies measure & communicate the value of brand through radically affordable, always-on brand tracking.

Mint Innovation

New generation circular green metals. Using natural biomass & smart chemistry to extract green metals from e-waste, at scale.


The tax & accounting app enabling sole traders, freelancers, & contractors to never think about tax again.

Dawn Aerospace

Sustainable, scalable, space transport. Delivering hardware to space. Positioning satellites on orbit, returning products to Earth.

Investing with
Icehouse Ventures

Kia ora, we're Icehouse Ventures, a venture capital firm that backs the companies, people and ideas defining what New Zealand, and the world, could become.

What does that mean in practice? We invest in Kiwi companies, from concept stage through to Series D. Our portfolio features modern greats such as; Dawn Aerospace, Halter, Crimson Education, Hnry, Sharesies, and Tracksuit.

Over the last 20 years, we have scaled to become NZ’s most active early-stage investor. With $380m of funds under management and a portfolio of more than 300 companies.Our funds give investors unparalleled exposure and access to companies that have the potential to define a generation.


Companies Backed


Funds Invested




Team members
Learn more about Icehouse Ventures

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Leave your details and we'll send you a short intro pack with more information about Icehouse Ventures.

Frequently Asked Questions