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.

$100M

Target fund size

20

Portfolio size

Growth

Investment stage

$50K

Min. investment

Wholesale

Investors only

GROWTH FUND II INVESTORS RECIEVE:

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

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.

Halter

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.

Tracksuit

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.

Hnry

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.

348

Companies Backed

>$500M

AUM

>2000

Investors

26

Team members

Learn more about Icehouse Ventures

Frequently Asked Questions

Wholesale investor is a term used in the Financial Markets Conduct Act 2013 to describe a person (or company, trust or partnership) that is legally allowed to invest in opportunities otherwise not available to the public or "retail" investors, like startups or venture capital funds. This restriction is designed for investors' protection. Typically investments like startups and venture capital funds are higher risk and have less information or other protective rights than those offered to the public or retail investors.

There are a number of criteria or categories used to qualify as a wholesale investor. Our investors typically qualify under one (or more) of four different options and they could be broadly described in two categories:
(1) Investors have appropriate experience to understand and accept the risks involved in the investment they are making, or
(2) Investors have sufficient wealth to either afford appropriate professional advice or to withstand the losses they could incur. The four qualifications our investors typically rely on are:

- Being a "Large Investor", where that investor (and the entities they control) owns net assets or has consolidated turnover of $5m or more in each of the last two financial years.

- Being an "Investment Business", where that investor's principal business (especially where the investor is a company) is one or more of a few categories including investing in financial products (i.e. fund managers), providing financial advice, or trading in financial products on behalf of others (i.e. brokers or wealth managers).

- Meeting "Investment Activity" criteria, where an individual is either;
(1) An investor that owns or has owned in the last 2n years a portfolio of specified financial products (i.e. shares, bonds, derivatives etc) in excess of $1m in value, or
(2) An individual that works in an investment business and materially participates in that business' investment decisions and has done so for at least 2 years within the last 10 years.

- Being an "Eligible Investor" where an investor has previous experience investing in financial products that is relevant to the investment they are making such that they can assess the merits and the information they need to make decisions, provide a declaration that they understand the consequences of being an eligible investor, and have that declaration confirmed by either a lawyer, accountant or financial advisor.

These descriptions are intentionally in layman's terms and should not be interpreted as advice regarding whether or not you are a wholesale investor or not. If you are unsure whether you may qualify, we recommend discussing this with your accountant or financial advisor.

View Full Investor FAQ

Growth Fund II

OPEN TO WHOLESALE INVESTORS ONLY